The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) maintains over 25 different sanctions programs which vary widely in their requirements and can be highly technical. Because U.S. sanctions are a critical component of U.S. foreign policy and national security objectives, compliance is essential and penalties for noncompliance can be severe.
This webinar will provide you with a baseline understanding of OFAC’s numerous types of sanctions programs, expectations of OFAC and prudential regulators for maintaining an OFAC compliance program (hint – they go beyond just screening), best practices for compliance and pitfalls to avoid.
- Understand what activities are prohibited by OFAC’s sanctions
- Review how to identify OFAC risks and build a compliance program that addresses them
- Study a hypothetical breakdown and identify what went wrong
- Anticipate regulatory expectations and how to satisfy them
$295 Members | $395 Nonmembers
(Additional $50 for CD)
One registration gives your entire credit union access to the on-demand recording until May 19, 2021.
Already registered? Go to the Online Training Center to view live.
Who Should Attend?
- NAFCU Certified Compliance Officers (NCCOs)
- NAFCU Certified Risk Managers (NCRMs)
- NAFCU Certified Banks Secrecy Officers (NCBSOs)
- BSA Staff
- AML staff
- Audit staff
- Fraud staff
- Compliance staff
- Risk staff
- NCCOs will receive 1.5 CEUs for participating in this webinar.
- NCRMs will receive 1.5 CEUs for participating in this webinar.
- NCBSOs will receive 1.5 CEUs for participating in this webinar.
- CPA credit information is below; recommended 1.5 CPE credits.
CPA Certification Credit Information
- Reviewer: Josie Collins, Associate Director of Education, NAFCU
- Learning Objectives: Understand what activities are prohibited by OFAC’s sanctions. Review how to identify OFAC risks and build a compliance program that addresses them. Study a hypothetical breakdown and identify what went wrong. Anticipate regulatory expectations and how to satisfy them.
- Program Level: Basic
- Prerequisites Needed: None
- Advance Preparation Needed: None
- Delivery Method: Group Internet-Based
- Recommended CPE Credits: 1.5 credits
- Recommended Field of Study: Regulatory Ethics - Technical
National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more.
About Our Webinars
Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer.