Vital Elements of a Risk-Based OFAC Compliance Program

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

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
  • Training
  • 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