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FBO - Office of Foreign Assets Control (OFAC)

Course Description

All U.S. individuals and businesses are required to comply with regulations sanctioned by the Office of Foreign Assets Control (OFAC). Among other things, these regulations block or restrict financial institutions from transactions with foreign persons, countries, or entities that are known or suspected to have ties to terrorist activity or drug trafficking. This course provides a working knowledge of the OFAC regulations, including what the OFAC regulations entail, what to do if someone is found to be prohibited from engaging in transactions with the U.S., and what it takes to be compliant under these regulations.
60 Minutes
Series: Foreign Branch Office (FBO) for Banks, Foreign Branch Office (FBO) for Credit Unions
Roles: Asset Management, Board of Directors, Commercial, Compliance - External Audit, Compliance - Internal Audit, Operations & IT, Retail
Course Format: Online Self-Paced

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