Online Individual Course

Bank Secrecy Act: OFAC Compliance

Online Training
The Office of Foreign Assets Control (OFAC) administers and enforces economic and trade sanctions. Banks must be fully aware of their responsibilities according to OFAC. This course outlines the purpose of OFAC, OFAC compliance program requirements, and blocking transactions.

Learning Objectives:

  • State the purpose of an OFAC compliance program
  • Outline the contents of an OFAC compliance program
  • Explain the meaning of “blocking” and “blocked account”

Rev–Jun. 2018. Course length ≈ 8 minutes.

This course is worth 0.25 CPE credit.

ICBA Member - $179.00
Non-Member - $299.00