ST1115
A comprehensive, independent, and objective testing or audit function within an SCP ensures that entities are aware of where and how their programs are performing and should be updated, enhanced, or recalibrated to account for a changing risk assessment or sanctions environment, as appropriate.
Plain-language summary
What it actually means.
Plain-language summary forthcoming. Source text below.
Source text
As written.
A comprehensive, independent, and objective testing or audit function within an SCP ensures that entities are aware of where and how their programs are performing and should be updated, enhanced, or recalibrated to account for a changing risk assessment or sanctions environment, as appropriate.
Assessed by HEXDI
What HEXDI assesses.
- M11
2 — AUDITS AND ASSESSMENTS
Program requires unit/functional level audits.
- M11
3 — AUDITS AND ASSESSMENTS
Program requires program level audits.
- M11
2 — AUDITS AND ASSESSMENTS
Program has procedures for promptly communicating audit results to relevant management personnel, employees responsible for key compliance…
- M11
3 — AUDITS AND ASSESSMENTS
Program has procedures for promptly communicating audit results to Senior Management.
- M11
4 — AUDITS AND ASSESSMENTS
Program has procedures for promptly communicating audit results to Board of Directors (or equivalent).
Related
Other DOT standards.
Source & revisions
- First mapped
- Jun 8, 2022
- Last updated
- May 26, 2026 (30m ago)
- Source
- Framework for OFAC Compliance Commitments