ST1131
Respondent represents that it has developed a methodology to identify, analyze, and address the particular risks it identifies. The risk assessments will be updated to account for the conduct and root causes of any apparent violations or systemic deficiencies identified by Respondent organization…
Plain-language summary
What it actually means.
Plain-language summary forthcoming. Source text below.
Source text
As written.
Respondent represents that it has developed a methodology to identify, analyze, and address the particular risks it identifies. The risk assessments will be updated to account for the conduct and root causes of any apparent violations or systemic deficiencies identified by Respondent organization during the routine course of business.
Assessed by HEXDI
What HEXDI assesses.
- M2
1 — PROGRAM SETUP AND ADMINISTRATION
Program is developed using a reasoned methodology that is based on a thorough analysis and identification of risks pertaining to company…
- M2
2 — PROGRAM SETUP AND ADMINISTRATION
Methodology includes monitoring, collecting, and reporting of information on the number of exports/imports, nature and number of…
- M2
3 — PROGRAM SETUP AND ADMINISTRATION
Senior Management, with the assistance of legal counsel and/or compliance personnel, takes responsibility for determining the significance…
- M2
4 — PROGRAM SETUP AND ADMINISTRATION
Risk analysis and identification occurs at Senior Management meetings as part of short- and long-term forecasting and strategic planning.
- M2
5 — PROGRAM SETUP AND ADMINISTRATION
Risk analysis and identification considers customer base, countries of exports/import activities, and product lines.
- M2
6 — PROGRAM SETUP AND ADMINISTRATION
Risk analysis and identification considers risks posed by interactions with third parties, to include suppliers, brokers, contractors,…
Related
Other DOT standards.
Source & revisions
- First mapped
- Jun 8, 2022
- Last updated
- Aug 11, 2026 (3d ago)
- Source
- OFAC Settlement Agreements