Office of Foreign Assets Control (OFAC) Compliance
Business Situation
We focus on doing what is right by the customer.
A major financial services institution was required by law to implement an enterprise-wide compliance solution to new regulations pertaining to the Office of Foreign Asset Control (OFAC). After spending $250K on Vision & Strategy work from their incumbent large consulting firm, they were faced with a $13M solution. Concerned about the cost and implementation time, the client asked Dominion Digital to review the matter.
Business Result
Dominion Digital worked with the institution’s legal and compliance departments as well as their directors of operations to find and deliver a $1M solution resulting in a reduction in projected spend of $12M. Dominion Digital helped the client achieve regulatory compliance by implementing the appropriate solution on time.
