ST1141
Respondent commits to ensuring that it employs testing and audit procedures appropriate to the level and sophistication of its OFAC compliance program and that this function, whether deployed internally or by an external party, reflects a comprehensive and objective assessment of Respondent’s…
Plain-language summary
What it actually means.
Plain-language summary forthcoming. Source text below.
Source text
As written.
Respondent commits to ensuring that it employs testing and audit procedures appropriate to the level and sophistication of its OFAC compliance program and that this function, whether deployed internally or by an external party, reflects a comprehensive and objective assessment of Respondent’s OFAC-related risks and internal controls.
Assessed by HEXDI
What HEXDI assesses.
- M11
1 — AUDITS AND ASSESSMENTS
Program requires both internal and external audits to confirm whether procedures are performed as written and to determine effectiveness of…
- 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
11 — AUDITS AND ASSESSMENTS
Audit guide requires review of high-risk areas.
Related
Other DOT standards.
Source & revisions
- First mapped
- Jun 8, 2022
- Last updated
- Aug 11, 2026 (3d ago)
- Source
- OFAC Settlement Agreements