Leveraging BSA Controls for
More Effective OFAC Compliance
(90-minute webinar – recording also available)
Wednesday, May 13, 2020
12:00 PM Pacific 1:00 PM Mountain
2:00 PM Central 3:00 PM Eastern
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:
- Block accounts and other property of specified countries, entities, and individuals and
- 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.
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
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 MEET THE PRESENTER - Carl Goss, Hunton Andrews Kurth LLP
Carleton Goss is an attorney with Hunton Andrews Kurth LLP. His practice focuses on both US and non-US FinTech, banking, broker-dealer, exchange, insurance, asset management, and specialty finance companies and their directors, senior officers, and investors on transactional, enforcement, and regulatory matters. He received his law degree from the New York University School of Law and undergraduate degree from Rice University. Before joining Hunton, he was a senior associate in the Washington D.C. office of a large international law firm and a member of the legal department of the Office of the Comptroller of the Currency.
Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.
THREE REGISTRATION OPTIONS
- LIVE WEBINAR
The live webinar option allows you to have up to three internet connections. Registrants receive a website address and passcode that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com.
- RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 2 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.
- BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Options 1 and 2 described above.
AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE
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