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Sanctions are measures taken by a nation to coerce another nation or person(s) to conform to an international agreement or norms of conduct, typically in the form of restrictions on trade, and finance. The US Treasury’s Office of Foreign Assets Control (OFAC) provides rules and standards regarding with whom US and non-US financial and non-financial institutions can do business. Noncompliance with OFAC’s rules and standards can highly impact US national security interests and global stability – and expose your institution to extreme regulatory scrutiny. This webinar will provide a basic-through-advanced, non-technical overview of
OFAC’s sanction program and is intended to enhance all employees’ understanding of OFAC and related best practices.
Key Learning Objectives
- The purpose behind sanctions
- How targets are selected for being sanctioned
- It is not just the SDN list of the US, there is more
- The behavior of your customers does matter
- What do you do when you are suspicious
- What do you do when you detect a violation
- Objectives of ongoing training
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Burke Files
Mr. Files is a widely recognized expert in the area of financial investigations and due diligence. He has authored numerous articles as well as books on the subject. He has been presenting and sharing his knowledge and has done so with delegates in over 30 countries.
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