Upcoming Webinar

Upcoming Webinar

Creating an OFAC Risk Assessment Any Regulator or Auditor Will Love

Creating an OFAC Risk Assessment Any Regulator or Auditor Will Love

Date: Thursday, May 09, 2019

Time: 12:00 PM – 01:15 PM EST | 05:00 PM – 06:15 PM London
06:00 PM – 07:15 PM Amsterdam

In its role as the U.S. sanctions enforcer, the Treasury’s Office of Foreign Assets Control (OFAC) has recently doled out a number of hefty fines for sanctions violations.

In 2018alone, OFAC imposed a fine of $5 million against JP Morgan Chase Bank for violating Iran-related Sanctions, as well as a $7 million fine against carbon fiber manufacturer, Zoltek, and a whopping $53 million against French bank, Société Générale, for violations of the Sudanese Sanctions Regulations.

With the regulator looming, it is important to ensure that your OFAC risk assessment program is completely up-to-date and up-to-scratch.

In this ACSS/SanctionsAlert.com webinar, join our expert speaker as she delves into the essential elements of a healthy OFAC risk assessment program and how your company can be sure to comply with sanctions regulations and avoid a knock from the regulator.

You will learn:

  • Why organization is key to any OFAC risk assessment;
  • Why it is important to consider all departments, customer types, as well as products and services when assessing OFAC risk;
  • Why it is important to document high risk volumes, and to record current OFAC processes especially in those areas where there are no OFAC or weak OFAC processes;
  • The duties, experience and essential competencies of the OFAC Officer;
  • What types of OFAC training is essential to your team – internal vs. external training and additional training for key personnel;
  • How updates to the OFAC lists are conducted, documented, and tested;
  • How is Sensitivity Testing is conducted, by whom, and how frequently; and
  • How Independent Reviews are conducted, and how to document any concerns and perform remediation.

Sign up today! Tell your friends, clients, customers and colleagues about it.

SanctionsAlert webinars conduct audience polls that will give you vital benchmarking data so you can measure your anti-money laundering compliance against others.

Registered attendees will receive a Certificate of Attendance to demonstrate required AML training to auditors, and regulators.

Maleka Ali, CAMS-Audit
Arc-Serv, LLC

Maleka Ali, President of Arc-Serv, has 35 years’ experience in financial industry including key positionsin operations, compliance and creation of two denovobanks. Maleka has assisted inmany mergers, acquisitions and system conversions.She’s CAMS certified and part of the inaugural class forthe Advanced CAMS-Audit certification demonstrating advanced skills in auditing. Maleka has assisted over 750 institutions inBSA and OFAC model validations, risk assessment, exam remediation, training and how to effectively utilize automated monitoring.


75 minutes


Maleka Ali


Anna Sayre, Legal Content Writer, SanctionsAlert.com

Are you an ACSS or SanctionsAlert Member? This Webinar is included in your membership. Members do NOT need to register for this webinar to attend, but will receive complimentary log in details via email.