Description:
This webinar goes beyond OFAC 1o1 and addresses the risks and sanctions related to current world events. Through a deep dive into all aspects of OFAC compliance, you’ll learn how to maintain an effective system of controls, ensuring a strong line of defense and compliance with OFAC requirements.
When you join us December 20th, you’ll come away with:
- An understanding of the different types of OFAC Sanctions.
- A strategy for identifying and managing OFAC risks.
- Proven ways to quantify and qualify OFAC risks.
- Methods for determining control effectiveness.
- Tactics for reducing false positives.
- The factors considered to determine the penalty for OFAC violations.
- Steps you should take to minimize penalties if OFAC violations occur.
It has never been more important for financial institutions to re-evaluate its OFAC and BSA/AML programs to ensure compliance and that effective mitigating controls are in place. Every financial institution, regardless of size, has a responsibility to do its part in the war against terrorism and drug trafficking. And FinCEN has made it clear that an ongoing, comprehensive risk assessment is essential to carrying out this obligation.
Who Should Attend:
The program is designed for compliance officers, BSA/AML officers, Chief Risk Officers, and auditors.
Presenters:
Lori Moore
Lori has 40 years of experience working with community banks, credit unions, and non-bank financial institutions. Over the course of her career she has served as BSA Officer, Chief Operations Officer, Senior Vice President of Compliance and Audit, and Vice President of IT/Network Administration. Lori’s experience includes more than 10 years in the Reg Tech industry serving as Vice President of Regulatory Intelligence at Continuity, Director of Compliance at CSI and Vice President of Compliance, Product Development at RegSmart, LLC. and Director of Compliance for Green Check Verified. Lori has been a Certified Regulatory Compliance Manager and received the distinguished designation as the Outstanding Graduate from the Texas Bankers Association Operations School.
December 20, 2023