Global Innovators
- Engineering
- Internet of Things (IoT)
- U.S. Federal Government Contracting
US Complexity:
US and Allied Sanctions Control.
Recent U.S. Treasury OFAC guidance represents a newly enhanced industry best practice and a novel opportunity to out-perform competitors.
Simplification:
As the U.S. continues to leverage its sanctions control function to promote national security and foreign policy goals, global technology firms are at an increased risk of suffering an OFAC enforcement action for unwittingly violating ever-expanding requirements.
Phalanx reimagined the compliance requirement as a potential competitive advantage. Leveraging A Framework for OFAC Compliance Commitments, phalanx turned a potential risk into an advantage in a competitive marketplace. Implementing the Framework, and integrating recent technological advances in SaaS compliance tools, phalanx implemented a compliant Sanctions Control Program that both satisfied the compliance requirement and opened new markets previously restricted from sales.
CASE STUDIES ARE REPRESENTATIVE ONLY. INVIDIVIDUAL OUTCOMES DEPEND ON THE FACTS AND MERIT OF A PARTICULAR MATTER.