I will create a custom ofac screening and sanctions policy
Licensed US Attorney Specialist in Financial Regulatory Compliance
About this Gig
The Office of Foreign Assets Control (OFAC) enforces economic sanctions with strict liability. This means your business can face crippling civil penalties for processing a prohibited transactioneven if the violation was unintentional.
I am Frank Charles Salamone, a licensed US Attorney (#261128). I draft precise, legally sound OFAC screening and sanctions policies that protect businesses from processing transactions with Specially Designated Nationals (SDNs) and sanctioned jurisdictions.
This gig provides a professionally drafted framework covering:
- Sanctions screening obligations (SDN and Blocked Persons lists)
- Customer and vendor screening protocols
- Alert generation, review, and false-positive clearing procedures
- Escalation protocols for true matches
- Blocked property and rejected transaction reporting guidelines
Whether you are a startup securing a banking relationship or an established firm tightening internal controls, an airtight OFAC policy is non-negotiable.
Choose your package to ensure your business operates with a professionally drafted sanctions compliance framework.
Field of law:
Privacy
Document type:
Privacy Policy
Legal consulting Gigs are not screened
Please note that there is no screening process for this service. We recommend that you message the freelancer and check all necessary details before placing your order. Pro freelancers in this category have gone through a vetting process. You can find more details here.
FAQ
Does this policy cover the SDN list?
Yes, the policy dictates the mandatory screening procedures against the Specially Designated Nationals (SDN) list and comprehensive jurisdictional sanctions.
What is strict liability in OFAC terms?
Strict liability means your business can be penalized for a sanctions violation regardless of whether you intended to commit the violation or simply made a mistake.
Do you include procedures for handling a "true match"?
Yes. The Standard and Premium packages include step-by-step protocols for escalating matches, blocking assets, and reporting to OFAC.
Can this policy be integrated with my existing AML manual?
Yes. While OFAC is separate from AML/BSA, they are deeply intertwined. This policy is structured so it can seamlessly attach to your broader compliance manual.
Do you provide the actual screening software?
No. I provide the legal policy and operational procedures that govern how your team will utilize your chosen screening software or manual processes.
