How To Investigate a Potential Breach and How to Comply? Practical Considerations for the OFAC Compliance Officer

50 SW 12th St. (Brickell), Miami FL 33130

There are many challenges for financial institutions and corporations to staying current on the rapidly changing economic sanctions and counter illicit finance programs. This session will discuss the complex issues to navigate when investigating a potential sanctions breach and provide guidance on the disposition of complex blocked and rejected transactions, and evaluating a potential transaction or business dealings.

  • How to conduct an investigation into potential sanctions breach?
  • When to block and when to reject?
  • Detecting prohibited entities threats emanating from terrorist financing
  • What kind of due diligence is necessary to identify prohibited dealings with the Russian oligarch list?
  • Reporting to OFAC or other agencies

 

Speaker: Andrew Jensen