Economic & Regulatory Compliance - Straife

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Economic Sanctions & Regulatory Compliance

In today’s financially connected world, government agencies are faced with the monumental tasks of understanding and managing their obligations to comply with international regulations, sanctions, and domestic needs. Failure to address these risks can lead to faults such as debilitating international sanctions and the spread of domestic terrorism. We evaluate agencies’ risk in a rigorous, disciplined manner, pinpointing real problems and delivering real solutions when developing a risk and compliance program.

The Straife team comprises former regulators, compliance officers, attorneys, law enforcement officials, and IT specialists. Our years of experience and deep sector knowledge allows us to deliver bold, comprehensive solutions that empower our government clients to act with clarity and decisiveness.

Our Services

Risk Assessments & Audits

Program Development & Implementation

Training

Straife tailors risk-based compliance with each agency’s or department’s current business model. Through thorough risk assessments and due diligence, clients receive a holistic overview of current operational sanctions risks and blind spots, detailed maps of key compliance risks, and a blueprint for building or revising a sanctions compliance program.

Straife provides advice on a broad range of compliance and advisory issues, including anti-corruption laws, economic sanctions, anti-money laundering, counter-terrorist financing laws, competition laws, and many other regulatory regimes. Our methodology includes designing a program with the full lifecycle of compliance in mind.

Detailed and specialized training keeps governments abreast of complex international and domestic requirements. A customized train-the-trainer model combined with cutting edge e-learning technology increases in-country financial intelligence unit knowledge base, decreases training costs and times, and ensures maximum trainee compliance.

Areas of Expertise

General Advisory

Compliance with often complex and technical domestic and international regulatory regimes is a major challenge for many governments that, left unaddressed, can result in individual sanctions against political leaders and country-wide sanctions. Our experience with U.S. and international compliance programs and statutes allow our team to support government agencies in assessing needs, developing solutions, and implementation that is both technically and effectively compliant.

Financial Action Task Force (FATF)

Our experts utilize unsurpassed knowledge of Financial Action Task Force (FATF) rules and procedures to help clients evaluate and remediate their financial crime compliance program’s technical compliance and effectiveness. When FATF standards are not met, Straife supplements investigations to help agencies with program assessment, development, and implementation, including FATF Action Plan support.

Anti Money Laundering / Bank Secrecy Act

Our team advises local and non-U.S governments on their most sensitive economic sanctions and Anti Money Laundering / Bank Secrecy Act (AML/BSA) issues. We are uniquely positioned to assess the adequacy of compliance programs and related processes. We help develop and implement robust, risk-based financial crime compliance solutions focusing on anti-money laundering (AML), anti-bribery and corruption, sanctions, and other due diligence processes.

U.S. Sanctions Enforcement and Compliance

Increasing globalization means exposure to greater sanctions risks, operational and oversight challenges, and obligations to comply with sanctions administered by multiple jurisdictions and agencies. With expert insight and experience – following international best-practices – Straife guides foreign agencies through regulatory compliance covering the Office of Foreign Assets Control (OFAC), the Bureau of Industry and Security (BIS), and the International Traffic in Arms Regulations (ITAR) and other U.S. compliance regimes.