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ANTI-MONEY LAUNDERING/TERRORIST FINANCING: TFI’s Ukraine-/Russia-related Sanctions Program Complied With Requirements But Designation Decision Records Were Not Consistently Complete and Closed Timely

Submitting OIG: 
Department of the Treasury OIG
Date Issued: 
Wednesday, March 6, 2024
Agency Reviewed / Investigated: 
Department of the Treasury
Submitting OIG-Specific Report Number: 
OIG-24-025
Component, if applicable: 
Departmental Offices
Location(s): 
Agency-Wide
Type of Report: 
Audit
Questioned Costs: 
$0
Funds for Better Use: 
$0
Number of Recommendations: 
2
Report updated under NDAA 5274: 
No
View Document: 
AttachmentSize
PDF icon OIG-24-025-TFI-Ukraine-Russia-Related-Sanctions-Program-Final.pdf1.32 MB

Related Open Recommendations

Recommendation Number Recommendation Status Significant Recommendation Additional Details
1-1 Open No
We recommend that the Director of OFAC Develop and implement a close-out checklist for the evidentiary memoranda and OASIS case files that encompasses all necessary documentation to ensure they are complete and closed timely.
1-2 Open No
We recommend that the Director of OFAC update the OGT SOP to establish responsibilities and expected timeframes for review of evidentiary memoranda and OASIS case files to ensure they are complete and closed timely.
Displaying 2 of 2 Recommendations