What You'll Learn
This session provides a foundational understanding of U.S. economic sanctions administered by the Office of Foreign Assets Control (OFAC). Participants will learn about the purpose and legal basis of sanctions, how they are implemented, and why they are a critical part of national security and foreign policy. The training will explore the types of sanctions (such as comprehensive, targeted, and sectoral), who must comply, and the key challenges companies face when navigating OFAC regulations. Real-world examples will highlight common pitfalls, red flags, and best practices to help attendees strengthen their internal controls and avoid costly violations.
Topics covered in this session
- Introduction to OFAC and U.S. Sanctions Framework
- The Purpose of Sanctions: National Security and Foreign Policy Goals
- How Sanctions Are Created and Enforced
- Types of Sanctions and Key Lists (e.g., SDN List)
- Compliance Expectations and Screening Requirements
- Recent Enforcement Trends and Real-World Case Examples
You Might Also Like
On-Demand Course
Navigating Regulation CC – Key Updates, Fraud Risks, and Compliance Best Practices
On-Demand Course
This session will provide an overview of Regulation CC, explore upcoming changes impacting financial institutions, and examine the evolving fraud implications for ACH transactions and check payments. Learn how to stay compliant with regulatory shifts while safeguarding your organization against i...
Instructor: Kelly Rozier
299.00
Order Today
Role: Compliance and Regulations
299.00
Order Today
On-Demand Course
E-Sign Act: Overview, Technical Requirements, Regulations
On-Demand Course
The Electronic Signatures in Global and National Commerce (E-Sign) Act established a legal framework for electronic records and signatures, allowing financial institutions to offer seamless, digital transactions while maintaining compliance. Understanding the E-Sign Act is critical as consumer ex...
Instructor: Justin Muscolino
299.00
Order Today
Role: Compliance and Regulations
299.00
Order Today
On-Demand Course
A Comprehensive Guide to Reg Z Open End Credit Compliance
On-Demand Course
A Comprehensive Guide to Reg Z Open-End Credit Compliance reviews the open-end portion of Regulation Z, including history, purpose, coverage, and disclosures. The course will explain rules relating to billing errors, crediting payments, credit balances, and advertising. This Course will go throug...
Instructor: Justin Muscolino
299.00
Order Today
Role: Compliance and Regulations
299.00
Order Today
Aug 26 | 12pm Est.
Regulating e-Lending Compliance Issues
Aug 26 | 12pm Est.
Aug 26 | 12pm Est.
Regulating e-lending compliance is important for not only institutions but also consumers. There have been a lot of issues in recent years surrounding compliance issues. This course will review the background, scope, and compliance issues surrounding e-lending compliance. In addition, we will cov...
299.00
Order Today
Role: Compliance and Regulations
299.00
Order Today