31 CFR Chapter V

NYHigh Complexity

OFAC Compliance Execution in New York

Office of Foreign Assets Control Sanctions

Execute OFAC compliance with workflows for sanctions screening, match review, and blocked property reporting. Navigate New York's specific regulatory requirements with automated workflows and evidence capture.

More for New York

New York Regulatory Environment

Financial institutions executing OFAC Compliance Execution in New York navigate specific state requirements:

NYDFS oversight and examination
Cybersecurity regulation (23 NYCRR 500)
BitLicense for crypto
Active enforcement
Industry-leading standards

Key Requirements in NY

1
Sanctions list screening
2
True match vs. false positive review
3
Blocked property reporting
4
Rejected transaction handling
5
License application procedures
6
Record retention

The Execution Challenge in New York

OFAC Compliance Execution compliance in New York requires navigating both federal requirements and NY-specific regulations. Most institutions struggle with tracking state-specific obligations, maintaining evidence for multiple regulators, and preparing for both state and federal examinations. The complexity of high-complexity environments like NY makes systematic execution essential.

The Canarie Execution Layer for NY

Canarie transforms OFAC Compliance Execution compliance in New York from periodic scrambles into continuous execution. Both federal and NY-specific controls are scheduled, evidence is captured automatically, and proof of compliance is always ready for any examiner.

State-Aware Workflows

Recurring OFAC Compliance Execution tasks are scheduled based on both federal and NY requirements.

Dual-Purpose Evidence

Evidence is captured once but organized for both state and federal examiner expectations.

Complete Audit Trails

Immutable records show who did what, when, satisfying both NY and federal requirements.

Always Exam-Ready

Export organized evidence packages for NY state examiners or federal regulators.

Non-Compliance Risks

Civil penalties up to $330,947 per violation
Criminal penalties up to $1M and 20 years imprisonment
Reputational damage

Frequently Asked Questions

Automate Your OFAC Compliance Execution in New York

See how NY institutions execute compliance with confidence.