ST1143
Respondent commits to ensuring that, upon learning of a confirmed negative testing or audit result pertaining to its OFAC compliance program, it will take immediate and effective action to identify and implement compensating controls until the root cause of the weakness can be determined and…
Plain-language summary
What it actually means.
Plain-language summary forthcoming. Source text below.
Source text
As written.
Respondent commits to ensuring that, upon learning of a confirmed negative testing or audit result pertaining to its OFAC compliance program, it will take immediate and effective action to identify and implement compensating controls until the root cause of the weakness can be determined and remediated.
Assessed by HEXDI
What HEXDI assesses.
- M11
1 — AUDITS AND ASSESSMENTS
Program has procedures for investigating the underlying root causes giving rise to program deficiencies and other internal control problems…
- M11
7 — AUDITS AND ASSESSMENTS
Program has procedures for developing, tracking and ensuring timely completion of corrective actions within established time frames.
- M12
2 — HANDLING VIOLATIONS
Remediation procedures address the treatment of unlawfully exported/imported items and/or technical information upon discovery of a…
- M12
1 — HANDLING VIOLATIONS
Program has procedures to timely remediate potential violations.
- M12
1 — HANDLING VIOLATIONS
Program has procedures for tracking and remediating risks of potential violations identified during due diligence in mergers and…
Related
Other DOT standards.
Source & revisions
- First mapped
- Jun 8, 2022
- Last updated
- Aug 11, 2026 (3d ago)
- Source
- OFAC Settlement Agreements