Tuesday
May 12
2020

Leveraging BSA Controls for More Effective OFAC Compliance

Registration Options & Pricing

Please select your membership status.


Recorded Webinar Includes

  • Recording of the Live Webinar
  • Available two Business Days Following Live Date
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your credit union
  • Presenter’s contact info for follow-up
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9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

OFAC compliance is no joke! Failure to comply can result in huge fines and penalties. Now is the time to broaden your knowledge of the 2019 OFAC guidelines and how to use your BSA/AML program to mitigate risk.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Create and manage an OFAC compliance program based on May 2019 OFAC guidelines
  • Discuss other recent developments regarding OFAC
  • Explain the overlap between OFAC and BSA/AML risk management
  • Leverage your BSA/AML program to mitigate OFAC risk

WEBINAR DETAILS

The US Treasury’s Office of Foreign Assets Control (OFAC) administers and enforces economic and trade sanction programs against targeted foreign governments, individuals, groups, and entities to support national security and foreign policy goals and objectives. In general, the OFAC regulations require financial institutions to:

  1. Block accounts and other property of specified countries, entities, and individuals and
  2. Prohibit or reject unlicensed trade and financial transactions with specific countries, entities, and individuals.

Who must comply with OFAC regulations? How do the Bank Secrecy Act/anti-money laundering requirements fit in? What types of records must be kept? What if my financial institution is found noncompliant? Don’t risk the substantial consequences of noncompliance. In many cases, civil and criminal penalties have exceeded several million dollars. Join us to learn how to leverage BSA/AML controls to conquer OFAC compliance.

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

This informative session is designed for compliance personnel, particularly those responsible for OFAC and BSA/AML compliance.

TAKE-AWAY TOOLKIT

  • Sample AML/OFAC policies
  • Sample AML/OFAC risk assessment
  • Employee training log
  • Interactive quiz

DON’T MISS THESE RELATED WEBINARS!

"Avoiding BSA Compliance Violations"
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"BSA Compliance Requirements During the COVID-19 Challenge"
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"BSA High-Risk Members:
Identifying, Enhanced Due Diligence & Monitoring"

Tuesday, January 7, 2020
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NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

MEET THE PRESENTER

Hunton Andrews Kurth LLP
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