International sanctions pose significant risks on the day-to-day corporate treasury processes. Regulators such as the US’ OFAC, impose financial sanctions to an ever-increasing number of entities and impose hefty fines on companies that fail to comply – in 2019 OFAC enforcement actions reached an all-time high with a staggering amount of $1.3bn in fines against 26 companies.

Whether sanctions compliance is mandatory for any corporation, the implementation of the required control frameworks can be highly challenging. Learn how Kyriba’s Fraud & Compliance module can help you manage your sanctions risk.

 

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Presenters

Steven Otwell

Director - Payments, Kyriba

Vincent Gaudel

Compliance Expert, Accuity