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The OFAC 50% Rule: When Government Lists Are Not Enough

Published By: Factiva     Published Date: Dec 01, 2015
When compliance managers think about the good old days, they do not have to look back too far. In fact, prior to 2008, the world was a much simpler place: the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) published a list of sanctioned companies and individuals, and as long as their company was not doing business with any person on that list, they seemed to be in good shape. This was definitely not an easy task. However, after 2008, it became more complicated when OFAC guidance stated that an ownership interest of 50% or more by a sanctioned subject was blocked or otherwise limited.
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compliance, ofac, sanction
    
Factiva

5 Reasons Leaders Invest in Language Training

Published By: Rosetta Stone     Published Date: Apr 03, 2018
For many companies, language barriers increase as business globalization becomes the norm rather than the exception. Perhaps a call center agent cannot handle customer contact in an unfamiliar language. Or a manager travels to a face-toface meeting only to sit across a conference table from clients wanting to speak in their own native language. Even within your organization, teams across global geographies must collaborate to achieve collective goals, but language barriers often stand in their way. Meanwhile, HR leaders are tasked with recruiting and retaining top talent and L&D managers must align programs with business goals. Each of these scenarios and areas of responsibility have something in common: A clear need for company-sponsored training to develop employees’ language proficiency so they can engage successfully with colleagues and customers anywhere. Thousands of learners were surveyed about the impact of language training with Rosetta Stone® business solutions.1 Results show
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Rosetta Stone
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