Survey Report: Companies bullish on new tech amid enhanced sanctions scrutiny
Provided by 
Certa2023-11-27T14:36:00
If sanctions are the top enforcement priority for the Department of Justice, companies have got the message, according to a recent study.
Nearly half the respondents to a survey conducted by Compliance Week and third-party risk management software provider Certa said increasing regulatory scrutiny was the main factor driving their organization’s adoption of technology for third-party due diligence and sanctions compliance. Three-fourths of respondents described sanctions compliance and third-party due diligence as “very important” to their organizations, though complications remain when ensuring sanctions compliance programs reflect the business’s risk profile.
In this report, you will learn:
- How senior compliance practitioners envision the future of sanctions compliance and third-party due diligence efforts
- Technology opportunities to enhance sanctions compliance and due diligence
- Obstacles to adopting new technologies
Related articles
-
PremiumNavigating compliance: A guide for small teams to tackle CMMC
Many small organizations within the Defense Industrial Base are struggling to meet the rigorous requirements validated through the Cybersecurity Maturity Model Certification, writes Thomas Graham, CISO at Redspin. If you haven’t been tracking it closely, CMMC was finalized in October, with an effective date of December 16, 2024.
-
News BriefEU regulator questions 'culture of compliance' with Digital Markets Act at Apple, Google
The European Commission released its preliminary findings last week regarding Apple and Google not complying with the Digital Markets Act. It issued orders to both companies regarding their business practice and plans to release all of its findings next week.
-
News BriefTreasury reversal of OFAC sanctions against Tornado Cash signals eroding AML scrutiny
The U.S. Treasury Department lifted its sanctions against cryptocurrency mixer Tornado Cash on Friday after a federal appeals court ruled in November the penalty levied by the agency’s Office of Foreign Assets Control was an overreach.
More from Survey Reports
-
ResourceSurvey Report: Organizations broadly adopting AI, with varied governance
The vast majority of organizations are using artificial intelligence and generative AI, for everything from upping efficiency to driving innovation.
-
ResourceSurvey Report: What’s Keeping Compliance Leaders Up at Night?
Compliance professionals are worried about the pace of regulatory change–and what to do about it.
-
Basic PageAI Governance Benchmarking Survey
This is a Compliance Week Survey, sponsored by GAN Integrity. It is completely anonymous and designed to help benchmark the approaches compliance is taking to AI Governance. Results will be shared by Compliance Week and GAN Integrity in the form of a benchmark report.