Determining your organization’s sanctions risk profile and vital elements of an OFAC Compliance Program, including
- Laying a solid foundation with an OFAC Risk Assessment, including identifying potential high-risk customers, products, geographies, and third party providers
- OFAC Compliance Policies and Procedures
- Customer Due Diligence and Ultimate Beneficial Owners
- Risk-based approach for compliance program audits and reviews
Covers what the federal bank examiners look for when they review a financial institution’s OFAC Compliance Program.
Speaker: John Karansky