OFAC Issues ‘A Framework for OFAC Compliance Commitments’

Posted by Matt Schmitt on 5/3/19 5:00 PM

On May 2, 2019, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) published a “framework” for compliance commitments associated with U.S. economic and trade sanctions programs.

According to the framework document, OFAC “strongly encourages organizations” to have a risk-based sanctions compliance program (SCP) in place that incorporates at least the following components:

  • Management commitment;

  • Risk assessment;

  • Internal controls;

  • Testing and auditing; and

  • Training.

OFAC emphasizes that the existence, nature, and adequacy of an SCP may mitigate civil monetary penalties resulting from an investigation into a sanctions violation.


The OFAC press release may be found here:


The framework for OFAC compliance commitments may be found here:


Topics: OFAC, Compliance, Guidance

Expeditors' Newsflash articles are compiled from a number of public sources that, to the best of Expeditors' knowledge, are true and correct. It is our intent to present only accurate information. However, in the event any information contained herein is erroneous, Expeditors International of  Washington, Inc. accepts no liability or responsibility.                                                                                           

Copyright © Expeditors International of Washington, Inc.  Expeditors' Newsflash articles may not be reproduced in any form without advanced written consent of an authorized officer of the copyright holder.     

Recommended for you