The Office of Foreign Assets Control (OFAC) enforces U.S. economic and trade sanctions to protect national security and foreign policy interests. Compliance is mandatory for all U.S. persons — individuals, businesses, and institutions worldwide. This guide explores the framework for sanctions compliance programs (SCPs), filing requirements, official guidance links, and applicability across industries including banks, exporters, insurers, fintech firms, casinos, and individuals. With practical checklists and case scenarios, it’s designed to help organizations and professionals strengthen compliance and avoid penalties.

The Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations form the cornerstone of financial crime prevention in the United States. From banks and broker-dealers to fintech firms, casinos, and even individuals, compliance with BSA/AML requirements is essential to protecting financial integrity. This comprehensive guide explores the five pillars of AML compliance, practical case scenarios, and industry-specific obligations — helping businesses and professionals understand both the risks and opportunities of strong compliance programs.

It all begins with an idea.

It all begins with an idea.