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OFAC Compliance
(Presented by Mary Beth Guard and Tim White)
Let's cut to the chase, shall we? What you really want to know is:   | WEBINAR TIME:
11:30-1:30PM PT
12:30-2:30PM MT
1:30-3:30PM CT
2:30-4:30PM ET |
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"What do the OFAC regulations actually require and what's it going to take to satisfy examiners and avoid penalties?"
This Webinar will allow you to assess your current OFAC compliance procedures in light of:
what we've learned from past enforcement actions;
what the rules mandate;
what the new BSA Exam Guidelines say about OFAC compliance;
what OFAC itself has to say about risk analysis;
what the examiners will expect;
new enforcement guidelines.
Presenters Mary Beth Guard and Tim White will take you from Pre Risk Assessment Homework through the OFAC Risk Assessment analysis, and along the way, they'll fill you in on:
various sanctions programs,
the SDN list,
when and how you should check the list,
what your employees need to know,
keeping current on OFAC changes,
what to do if you have an apparent match,
steps to take if you have an actual match,
types of reports required, how to complete them, and when to file them,
understanding what your software is telling you,
how to test your monitoring procedure,
effective controls for frozen assets,
strategies for mitigating penalties.
During this two-hour program, we will outline the OFAC compliance minimums, discuss recent changes, and describe common mistakes.
The Speakers:
Mary Beth Guard currently serves as Executive Editor of BankersOnline.com and CEO of Glia Group, Inc., Mary Beth has had a long and distinguished career, graduating from law school in 1980. She has focused her work exclusively on the banking industry since 1984. Previously, Mary Beth served as EVP/General Counsel and COO for the Oklahoma Bankers Association, EVP of Specialized Services for Thomson Financial Publishing, and General Counsel for the Oklahoma State Banking Department. Mary Beth is on the advisory board for Bankers' Hotline and Compliance Action, as well as on the editorial board for ABA Bank Compliance magazine. She has presented training programs for virtually every major national financial industry association, as well as more than a dozen state bankers associations and a host of other organizations. In addition, Mary Beth has written more than a thousand banking-related articles and is a BOL Guru.
Timothy R. White, CAMS
National Risk Specialist, AML-BSA-OFAC-USA PA
Bankers Toolbox, Inc.
Denver, Colorado
Timothy R. White has over 23 years experience servicing the financial community in areas of Data Information, Compliance and Risk Management. He has actively worked with Fortune 500 corporations, money center banks, federal agencies, consulting groups and trade associations to evaluate their information and compliance needs. Tim has addressed the subject of Anti-Money Laundering and OFAC compliance and its various applications to financial and corporate compliance organizations through out the United States.
In 2002, Tim was asked to consult the FBI on interdict software capabilities within the financial Institution marketplace. In November of 2005, Tim provided training for the Federal Reserve Bank's AML specialists on OFAC compliance technology systems in the market place.
Tim is an active certified member of the Association of Certified Anti-Money Laundering Specialists (ACAMS). He is a member of the ABA's OFAC Working Group and an associate member of the Association of Certified Fraud Examiners. Tim was a faculty member on AMLBSA at NACHA's Payments Institute in 2003.
For the past twelve years Tim has worked heavily with OFAC and BSA compliance. He is knowledgeable about the USA PATRIOT Act as well many of the international AML principals and guidelines set by the FATF, Wolfsberg Group, and Basel Committee.
Tim has helped develop products that assist financial institutions and corporations with their compliance to these new laws and recommendations, both domestically and on a global scale. Recognizing GLB and the sensitivity of the privacy issues with customer information is a key aspect of the training that Tim provides.
More information...
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888-229-8872