Office of Foreign Assets Control (OFAC) requirements deal with every account relationship and transaction that the bank offers to its customers. This AIB course centers on the OFAC regulations designed to impose economic sanctions against certain designated countries, what transactions are involved, and how to handle suspicious transactions. OFAC terminology is also included.

   Audience:  Bank personnel who have deposit or lending responsibilities

    Learning Objectives

   At the conclusion of the program participants will be able to:

• Define the purpose of OFAC
• Describe the purpose and use of the Specially Designated Nations and Blocked Persons List
• Explain what to do when there is a match name
• Identify the reports that must be made

Enrollment Form

(Download and print from SER-CFT website, complete and fax to 904-354-1834)