This session will touch on the basic OFAC framework for sanctions.
Learning Objectives
- Upon completion of this course, you'll be able to:
- Identify the various types of economic and trade sanctions administered by the Office of Foreign Assets Control (OFAC) and their implications for financial and professional services.
- Examine the core components of an effective OFAC compliance program, including risk assessment, screening, and internal controls.
- Evaluate best practices for maintaining a robust sanctions compliance framework that ensures adherence to regulatory requirements and minimizes organizational risk.
Major Topics
- Types of economic and trade sanctions administered by the Office of Foreign Assets Control (OFAC) and their implications for financial and professional services.
- Core components of an effective OFAC compliance program, including risk assessment, screening, and internal controls.
- Best practices for maintaining a robust sanctions compliance framework that ensures adherence to regulatory requirements and minimizes organizational risk.
