Economic Sanctions & Regulatory Compliance

Interpreting government sanctions and regulatory rules requires knowledge and resources many businesses don’t have. However, failure to address these risks can lead to crippling financial penalties and criminal charges.

Straife economic sanctions and regulatory compliance services are global solutions that operate seamlessly across all jurisdictions and industries to provide comprehensive, timely, and practical advice. Our experience with sanctions programs, regulations, case law, and various specialty statutes directed at sanctioned countries and entities helps advise businesses on complex compliance rules and regulations. We evaluate corporate risk in a rigorous, disciplined manner, pinpointing real problems, 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 clients to act with clarity and decisiveness.

Our Services

Risk Assessments & Audits

Straife tailors risk-based compliance with each corporation’s current business model. Through thorough internal risk assessment, audits, and investigations, 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.

Program Development & Implementation

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.

Training

Detailed and specialized training keeps organizations 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

Foreign Corrupt Practices Act (FCPA) Compliance

Foreign Corrupt Practices Act investigations and prosecutions are on the rise. Our experts utilize their unsurpassed knowledge of financial crime, evolving rules and regulations, and technology to help clients holistically evaluate and enhance their financial crime compliance program effectiveness and efficiency. Straife supplements investigations to help corporations with program assessment, development, advisement, and program management. Additionally, with thorough due diligence and relationship building, our network of subject matter experts vet local partners to help organizations maintain FCPA compliance.

Office of Foreign Asset Controls (OFAC) / Bureau of Industry and Security (BIS) 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 U.S security and foreign policy – Straife guides entities through investigations and audits covering the Office of Foreign Assets Control (OFAC) and the Bureau of Industry and Security (BIS).

Anti Money Laundering / Bank Secrecy Act Compliance

Our team advises local and foreign businesses on sensitive Anti Money Laundering / Bank Secrecy Act (AML/BSA) issues. We are uniquely positioned to assess compliance programs’ adequacy and related processes with thorough and trusted third-party investigations. We help develop and implement robust, risk-based financial crime compliance solutions and program management focusing on anti-money laundering (AML), anti-bribery and corruption, sanctions, and other due diligence processes.

Art & Antiquities Compliance

The art and antiquities market is ripe with fakes, money laundering, and illicit sales financing terrorism. Regulations aimed at preventing these issues are often complicated and difficult to understand. Straife helps companies and individuals navigate challenging rules and regulations through expert advisory and compliance program development and management.