Your staff will learn what a sanction is and how the various programs work. We will discuss the different ways we check OFAC and why. You won’t want to miss this comprehensive frontline OFAC program.
What You’ll Learn
- What is OFAC and what is its purpose?
- Learn how to use the OFAC search engine
- Noncustomer transactions to check
- Customer transactions to check
- What is blocking or rejecting a transaction?
- If we have a match, what do we do?
- Do we open the new account if we have an OFAC match?
- How do we report to OFAC if we have a match?
- What happens if we have a match?
Who Should Attend
This webinar will benefit tellers, new accounts representatives, call service representatives, branch managers, assistant branch managers, branch administration, deposit operations, BSA CIP personnel, training, and anyone who works with or manages the new account function.