Office of Foreign Assets Control (OFAC) for Compliance Professionals

$275.00

SKU: 10265 Category: Tag:

Description

Discusses the economic sanctions programs under the Office of Foreign Assets Control or OFAC, how they affect banks and the steps banks must take to comply. Explains the fundamental requirements of a compliance program and the relationship between OFAC and BSA are also covered.

What You’ll Learn
After completing this course, students will be able to:

  • Describe the purpose of the Office of Foreign Assets Control and some of the OFAC laws and penalties
  • Explain who and what is covered by OFAC requirements and other related sanction programs
  • Describe elements of an OFAC bank compliance program
  • Explain how OFAC enforces sanctions compliance
  • Describe additional considerations for banks when developing a sanctions compliance program
  • Additional information

    Audience
    Length

    Approximately 45 minutes

    Credits

    1.0 CAFP, CCTS, CERP, CFSSP, CRCM, CSOP

    Member Price

    275.00

    Non-Member Price

    375.00

    Course Number

    ABA

    Location

    Online Self-Paced

    Vendor

    ABA

    Course Code

    ABA

    Prerequisites

    None

    Day

    Online

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