ST1139DOTOFAC

ST1139

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.

to be determined

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

    4 — AUDITS AND ASSESSMENTS

    Program requires regular ongoing feedback, testing, and/or quality control assessments of processes on a regular basis outside of the audit…

  • M11

    1 — AUDITS AND ASSESSMENTS

    The scope and frequency of audits are determined based on the company’s ongoing risk analysis and identification.

  • M11

    19 — AUDITS AND ASSESSMENTS

    Audit guide requires verifications that program requirements are consistent with current regulatory requirements and updates to the guide…

  • M11

    2 — AUDITS AND ASSESSMENTS

    Program has procedures for promptly communicating audit results to relevant management personnel, employees responsible for key compliance…

Source & revisions

First mapped
Jun 8, 2022
Last updated
May 26, 2026 (30m ago)
Source
OFAC Settlement Agreements