Breaking Down OFAC for Staff: Sanctions, Penalties, Risks

Auditing & Accounting Collections Compliance Frontline & New Accounts Human Resources IRA & HSA Lending Operations Managers & Supervisors

On-Demand Webinar:

StreamedFeb 28, 2024Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

OFAC reporting is important – and it needs to be accurate.

Get the required training with this program that will explain everything you need to know about OFAC and reporting, including the sanctions, penalties, and risks that accompany noncompliance.

WEBINAR HIGHLIGHTS:

What is the Office of Foreign Assets Control (OFAC) and its purpose?
Learn how to use the OFAC search engine
Member and nonmember transactions to check
What is blocking or rejecting a transaction?
What to do and what happens when a match is found
Can a new account be opened if there is an OFAC match?
Reporting to OFAC when there is a match

WEBINAR DETAILS

Your staff is required to have OFAC training. This program will explain what the OFAC program is all about. You’ll learn what a sanction is, how the various programs work, the different ways to check OFAC, and why. Don’t miss this comprehensive frontline OFAC program.

WHO SHOULD ATTEND?

This webinar will benefit tellers, new account representatives, call service representatives, branch managers, assistant branch managers, branch administration, deposit operations, BSA CIP personnel, trainers, and anyone who works with or manages the new account function.

TAKE-AWAY TOOLKIT

Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

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

TESTIMONIALS

"The webinar highlighted OFAC's requirements regardless of the size of the institution. All relevant information was provided in a clear manner. The speaker also provided additional details to learn more about OFAC sanctions."

- Juan, United Nations Federal Credit Union