Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The U . S . Department of the Treasury's Office of Foreign Assets Control ( OFAC ) oversees U . S . economic and trade

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) oversees U.S. economic and trade sanctions programs. These programs target certain foreign countries, known terrorists, narcotics traffickers, and other threats. OFAC strongly encourages companies to have a sanction compliance program that includes internal controls and auditing.
To ensure compliance with OFAC policies, invoices authorized for payment are checked against the OFAC sanctions list, which is a list of sanctioned individuals or entities maintained by the Office of Foreign Assets Control. Identify whether any of the provided vendors are on the OFAC sanctions list.
The first data set has our vendors and the second is a condensed version of the sanctions list. Clean up both data sets, address any duplicates, and combine them to identify whether any of the vendors are on the OFAC sanction list.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Big Data And Hadoop Fundamentals Tools And Techniques For Data Driven Success

Authors: Mayank Bhushan

2nd Edition

9355516665, 978-9355516664

More Books

Students also viewed these Databases questions