Compliance Training: Office of Foreign Assets Control (OFAC)

Course Objectives:

Describe the mission of OFAC
Discuss the role of financial institutions in assisting OFAC
in carrying out its mission
Discuss the types of transactions that must be blocked or
restricted as a result of OFAC laws
Describe what financial institution staff should know about
OFAC

Target Audience: All personnel involved in financial transactions especially tellers, new accounts representatives, wire transfer employees, and lending personnel

Study time: 2 hours

Author:
Digital University staff

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