Know Your Business (KYB)
A company was established in Abuja. Fifty-six days later, OFAC sanctioned it.
A 56-day-old company was added to the OFAC SDN list as an alleged weapons procurement intermediary for Iran's IRGC. Before that designation, a legal-name search would have returned nothing. This is why list-based screening is not enough, and what African compliance teams should be doing instead.
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