From Analysis to Action: How Risk Assessment Firms Execute OFAC Compliance Strategies
A pivotal starting point for risk assessment firms is the OFAC Risk Assessment Matrix. This tool categorizes risks based on factors such as geographic location, transaction type, and client profile. By leveraging this matrix, firms can identify high-risk areas and tailor their compliance strategies accordingly. It's not a one-size-fits-all approach; rather, it's a nuanced analysis that allows for targeted and efficient risk mitigation.
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