Understanding the Role of OFAC Sanctions, Disclosure and Mandates Within Your AML Compliance Programs

March 27, 2015 12:00pm

Samuel Rosenthal
Patton Boggs LLP

Pawneet Abramowski
SVP, Director AML & Sanctions Risk Management
The Bancorp

Leslie Devereaux
Chief, Sanctions Compliance & Evaluation
Office of Foreign Assets Control, U.S. Department of the Treasury

  • OFAC’s jurisdictional and sanctions authority
  • How OFAC sanctions relate to new payment products and systems
  • Ensuring compliance with OFAC mandates
  • When OFAC screening is required and what it entails
  • When and how to disclose in compliance with OFAC
  • Case studies: Lessons learned from recent cases; Assessing the impact of recent significant OFAC fines