Office of Foreign Assets Control (OFAC)

$55.00

SKU: 10264 Category: Tag:

Description

Provides key information relative to OFAC laws and regulations that are part of bank employees’ daily responsibilities. Explains the overall purpose and background of OFAC. Describes the purpose and use of the blocked persons list, as well as the general guidelines for handling matched names and blocked funds.
What You’ll Learn
After completing this course, students will be able to:

  • Explain the background of OFAC and the purpose of economic and trade sanctions
  • Describe who must comply with OFAC regulations
  • Describe the penalties for noncompliance
  • Describe the purpose and use of the OFAC Specially Designated Nationals and Blocked Persons List
  • Describe how to handle a matched name
  • Describe how to handle blocked or rejected transactions
  • Identify reports that must be made to the United States Treasury
  • Additional information

    Audience

    Bank personnel who have deposit or lending responsibilities.

    Credits

    0.5 CCTS, CFSSP, CLBB, CRCM, CSOP, CAFP

    Member Price

    55.00

    Non-Member Price

    75.00

    Course Number

    ABA

    Location

    Online Self-Paced

    Vendor

    ABA

    Course Code

    ABA

    Prerequisites

    None

    Day

    Online

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