OFAC System Management

March 14, 2024

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Description:

Sanctions compliance has grown to be so much more than checking a list. Compliance teams can watch the news and wonder how current events may (or may not) impact their day to day.

To mitigate the difficulty of sanctions compliance, it is critical to maintain an effective OFAC System, but OFAC System Management is a broad, complex topic.

In this session, we’ll take a tactical dive into the following topics:

  • Overview of current events and how they impact sanctions compliance for financial institutions
  • Review relevant enforcement actions from 2023 and discuss identified pitfalls
  • Best practices for tuning and managing your systems to support compliance efforts and operational effectiveness

You’ll come away understanding how to maintain an effective system of controls, ensuring a strong line of defense and compliance with OFAC requirements.

Who Should Attend:

The program is designed for compliance officers, BSA/AML officers, Chief Risk Officers, and auditors.

Presenters:

Stephanie Schumacher

Stephanie Schumacher is a consultant and former BSA Officer with more than 20 years of banking/financial services expertise. Ms. Schumacher is experienced in risk and compliance for traditional and non-traditional financial products, with a diverse history in establishing and monitoring all areas of the BSA/AML/OFAC compliance, Third Party Risk Management, and other areas of risk. Her background includes managing compliance systems in complex and fast-paced environments including the FinTech/Partner Banking/Baas partnerships industry

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Price: $0.00
Start Time: 2:00 pm EDT
End Time: 4:00 pm EDT
Date:

March 14, 2024

Sorry, this event is expired and no longer available.