The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Financial Sanctions Implementation (OFSI) recently issued joint guidance comparing their respective sanctions regimes. While the document provides a useful overview of similarities and differences, it also sends a much broader message: international sanctions enforcement is becoming increasingly coordinated. In this episode, Michael Volkov examines why multinational companies should move beyond country-by-country compliance programs and build integrated, enterprise-wide sanctions compliance frameworks. He discusses key differences involving ownership and control, reporting obligations, voluntary disclosures, and strict liability standards, while offering practical recommendations for strengthening global sanctions compliance. As always, the discussion emphasizes practical solutions, ethical leadership, and building compliance programs that work in the real world—because effective compliance is more than following rules; it’s earning trust and protecting enterprise value.