Independent Testing and Validation


Service Overview

Blackstone offers the unique experience and insight gained from working on all sides of sanctions compliance – for the government, for private institutions, and as an intermediary between regulators and financial institutions. We know the ins and outs of sanctions regulations and compliance operations from every perspective in the industry, and we know what works well in a compliance program and what regulators expect of institutions. One of the most important things you can do to protect your company from regulatory scrutiny is to conduct regular independent testing on your entire compliance program. Knowledge is power, and independent testing allows you the advantage of knowing your strengths and identifying your weaknesses and areas for remediation before they become areas for failure. Independent testing is also a great way to validate your company’s compliance program and best practices to your regulators.

One of Blackstone’s foremost ­­­­services is independent testing and validation of your compliance program. FFIEC guidelines require independent testing of programs at regular intervals, and Blackstone will provide you a thorough and reliable assessment. We perform full program assessments, from operations clearing processes to top-level policy analysis. After we perform a thorough assessment of your program, Blackstone will provide recommendations for improvements or enhancements and the report can serve as written validation of independent testing for your regulator. Blackstone will also conduct follow-up testing for your program to ensure it continues to run smoothly and protect your company’s interests.

All testing can be administered under privilege and kept confidential to your institution.


Key Features:

23 by 18 checkmark Top-to-bottom sanctions compliance program assessment
23 by 18 checkmark Written report including recommendations and suggested enhancements
23 by 18 checkmark Follow-up auditing
23 by 18 checkmark Validation/sign off on FFIEC requirements