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BSA Series: OFAC and Your AML: Making the BSA Connection

Webinar: ID# 1001000
Date: Recorded
About This Course:
Your OFAC compliance program will be examined with BSA.  The connection between BSA and OFAC begins with safety and soundness.  How will your OFAC program do?  Are you ready to answer some tough examination questions.  

In this program we will review what should be in an OFAC Compliance Program.  We will discuss the officer responsible for OFAC and how to go from a "hit" to a "match" and what to do in the action steps in between.  You will learn how OFAC impacts BSA, ACH and other issues in your organization.

What You Will Learn

  • What is OFAC
  • Who must Comply
  • What is a compliance program for a financial institution 
  • How to write an OFAC risk assessment 
  • What should be in your OFAC policy
  • BSA examiner's checklist 
  • What is blocking, rejecting and embargoes?  Who gets licenses?
  • What reporting are we required to complete if we have blocked funds
  • What action steps to take if your financial institution has a match 
  • Do you open accounts for someone on the OFAC list?
  • Are you required to check noncustomer transactions?
  • Setting up your internal controls 
  • What economic sanctions can your financial institution face when you do not comply with OFAC

Who Should Attend

BSA Officers, BSA coordinators, OFAC officer and staff who
assist with compliance issues in the OFAC area. 

The Presenter

Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 20+ year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.

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BSA Series: OFAC and Your AML: Making the BSA Connection
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