Blackstone Compliance Services

Description

• Blackstone Compliance Services L.L.C. is a consulting firm specializing in OFAC compliance consulting targeted towards at-risk foreign financial institutions and small banks . Over the past several years, the Office of Foreign Assets Control (OFAC) has expanded their sanctions programs and aggressively targeted banks for civil penalties, resulting in $1.13 billion in penalties in 2012 alone. OFAC has also expanded outside of the traditional scope of funds transfers and trade finance to include investigations into securities as seen with the Libya program in 2011, the insurance industry and other products.Blackstone seeks to assist banks via training, risk assessment and process efficiency. By helping increase industry efficiency and providing proper training, Blackstone seeks to help the industry avoid penalties, comply with U.S. law, stay ahead of emerging threats and enhance national security.Currently, there are no dedicated OFAC consulting firms and those in the industry that bill themselves as OFAC consultants typically only serve banks in the staff augmentation role. The principal mission of Blackstone is to enhance industry efficiency and allow institutions to stay ahead of the curve. Blackstone consultants are experts in OFAC matters and combine educational experience and creativity to achieve tangible goals. They bring a unique perspective on OFAC matters and look for ways to make a program more effective and better utilize its resources.
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  Headquarters:2200 21st Avenue South Suite 210, Nashville, Tennessee, United States

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  Phone Number: +1 615-496-2093

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  Website: https://www.blackstonecompliance.com

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  Employees:2

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  Revenue:$0 - 1M

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  Legal Name:Blackstone Compliance Services

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• |  NAICS Code: 531110  |

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