The banks and financial institutions play a significant role in stimulating and expanding the economy as well as the volume of imports and exports. U.S. financial institutions are in fact quite competitive, serving the individuals, firms, and investments internationally.
On the other hand, the financial sector is known to have the risk of being used by criminals to support enterprises, ranging from money launderers and mortgage fraud rings to terrorist finance networks. U.S. Treasury Department -The Financial Crimes Enforcement Network (FinCEN) administers the enforcement of anti-money laundering rules for banks and financial institutions. As such, these firms are required to comply with the OFAC regulations. Screening customers and trade partners against OFAC and other government agency restricted party lists help to stay compliant with the regulations.
Having an extensive background in EAR and OFAC regulations, Linqs experts can assist banks and financial firms with several solutions ranging from a web-based software for trade party screening and transaction analysis to export classifications and compliance program assessments.
Some of the provided compliance services include:
OFAC & EAR Compliance
Check your compliance risk exposure in a minute!
Request more information
Integrated Compliance Software Solutions
Solutions for >