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OFAC Essentials Certificate Course

January 2019

Before You Start

We use Gototraining for the Virtual. Training Part of the Course. It will install software in your computer
We use Litmos as our Learning Management System (LMS). Please test by accessing sample course.
Click on the button on the right to get instructions on how to use the Learning Management System.
Click on the button on the right to download the Participant Guide.

Important Course Dates

Jan. 15, 2019 – Course Landing Page becomes available
Jan. 21, 2019 – eLearning and Course Material become available
By Jan. 29, 2019 – Complete Part 1 and 2
Jan. 30, 2019 – 1st Virtual Classroom (12:00 – 1:30 ET)
Feb. 6, 2019 – 2nd Virtual Classroom (12:00 – 1:30 ET)

Course Structure

Part 1: Self-Paced eLearning Course has been uploaded

Part 2: Required Reading Material has been uploaded

Part 3: Live Virtual Classroom has been uploaded

All course material is loaded onto the Learning Management System. Click on the Enter Course to access the different OFAC Parts.

Creating an OFAC Risk Assessment Any Regulator or Auditor Will Love

Upcoming Webinar

Upcoming Webinar

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
President
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.

Duration:

75 minutes

Speaker:

Maleka Ali

Moderator:

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.

EU Sanctions – Quarterly Update

Upcoming Webinar

Upcoming Webinar

EU Sanctions – Quarterly Update

Date: Thursday, April 11, 2019

Time: 10:00 AM – 11:15 AM EST | 03:00 PM – 04:15 PM London
04:00 PM – 05:15 PM Amsterdam

For corporates and financial institutions doing international business, it is vital to be up-to-date with global sanctions regulations. Though a business may be compliant with the high standards set by U.S. sanctions, this does not automatically mean the same business will comply with E.U. sanctions.

Is your sanctions/export controls program prepared for these types of nuances and discrepancies?

As a sanctions/export controls officer, you can no longer rely on a common set of global rules and need to know the details of targeted or custom-made measures in order to avoid hefty penalties.

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.

Pinar Gungoren Chedru
Global Head of Embargoes and Sanctions Compliance
Societe Generale

Ms. Gungoren joined Societe Generale Group in 1998, where she held various positions of increasing responsibilities in credit risk management. In 2006, she was appointed the Compliance Officer for Societe Generale in Turkey. As of 2009, she relocated to Paris to take up her present role as Head of Sanctions and Embargoes Compliance for the SG Group globally. She has delivered a wide range of internal trainings on sanctions matters, as well as an external course in the “Prevention of Fraud and Money Laundering” Master Program of Strasbourg University, France. She is an active member of sanctions working groups in the French Banking Federation and Wolfsberg Group. She is based in Paris.

Thorsten Güldner-Bervoets
Global Head of Financial Sanctions Compliance
Raiffeisen Bank International (RBI)

As Global Head of Financial Sanctions Compliance at RBI Group, Thorsten is mainly responsible for group-wide implementation of financial sanctions with focus on Russian sanctions of the European Union as well as of the United States. In addition, he is Deputy MLRO and covers the prevention measures against Terrorist Financing and the EU-Money Transfer Regulation.

Being Head of the “Raiffeisen Competence Centre Financial Sanctions” he is also the contact person for the whole Raiffeisen Sector supporting its compliance with applicable sanctions. He has more than 10 years of experience with various Compliance topics and is an active trainer and speaker in Austria and abroad.

Martijn Feldbrugge
Director
Business & Sanctions Consulting Network (BSCN) BV

Martijn has worked for/with various Financial Institutions for more than 30 years. With a background in ICT, broad knowledge of the financial industry, strong analytical capabilities and the business administration education, he found and implemented solutions for complex situations. Since 2005, he setup and executed sanctions and export control compliance functions for two major Dutch financial institutions after they were being enforced by US authorities.

In 2011 Martijn founded BSCN, which supports financial and non-financial institutions and companies in developing and implementing policies, processes and procedures related to compliance, sanctions and export controls. BSCN also provides training on sanctions and export controls, beside advising on specific sanctions and export control transactions/issues.

Duration:

75 minutes

Moderator:

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.

Freight Forwarders and the Like: How to Limit the Risks Posed by Third-Party-Managed Compliance

Upcoming Webinar

Upcoming Webinar

Freight Forwarders and the Like: How to Limit the Risks Posed by Third-Party-Managed Compliance

Date: Thursday, March 14, 2019

Time: 12:00 PM – 01:15 PM EST | 04:00 PM – 05:15 PM London
05:00 PM – 06:15 PM Amsterdam

Many companies, large and small, increasingly rely upon operational services provided by expert third party service providers like: banks, forwarders, consultants, and the like. However, this outsourcing of services often includes a variety of potential compliance risks, both with regard to trade controls and many other areas of the business.

Whether you are a company or a service provider, it is essential that your team know about the risks and the division of responsibilities associated with third-party-managed compliance so that those risks can be mitigated.

In this ACSS/SanctionsAlert.com webinar, our expert speaker will discuss the compliance risks associated with using a third party service provider as well as how to best manage those risks and understand your companies continuing responsibilities.

You will learn:

  • What main activities are typically performed by third-party service providers as well as types of cargo movements;
  • How to best manage the compliance risks and responsibilities associated with using a third-party service provider, including: applicable law, interface with the service provider’s local partner, and documentation management;
  • Why it is important to understand the division of mutual responsibilities between your company and a service provider when entering into a new business in a new country; and
  • How/when to audit third-party service providers to ensure your company stays compliant.

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.

Jan J.H. Verloop
Trade Control Officer (retired)
Shell International

Mr.Verloop graduated in Mechanical Engineering and Business Administration, before he joined Shell in 1975.Until September 2016, he was Trade Control Officer at Shell International. In particular, he worked on the crossroads of technology, services and logistics in both Upstream, Downstream, Mining and Central Functions. This includes multi-year assignments in Oman, Surinam, Malaysia, Scotland as well as extensive travel to many other oil & gas producing countries including Iran and Syria.This has provided him a unique insight in the challenges caused by Global Set-ups interlaced by many Joint Ventures, complex and often fragmented organizations and business processes. Mr. Verloopis a Dutch national and most of his time resides in the Netherlands or the Swiss Alps.

Duration:

75 minutes

Speaker:

Jan J.H. Verloop

Moderator:

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.

Voluntary Self-Disclosures to OFAC: Best Practices and What Can Possibly Go Wrong

Upcoming Webinar

Upcoming Webinar

Voluntary Self-Disclosures to OFAC: Best Practices and What Can Possibly Go Wrong

Date: Thursday, February 28, 2019

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

Voluntary self-disclosure, or VSD, occurs when a company decides to report a wrongdoing or apparent sanctions violation to OFAC before that violation is discovered by other means. It is no secret that choosing to voluntarily disclose is considered a strong mitigating factor by several regulatory agencies. The U.S Treasury’s Office of Foreign Assets Control (OFAC)strongly encourages companies to voluntarily disclose and the U.S. Department of Justice introduced a VSD program for export control and sanction violations in 2016.

However, does your company or financial institution know when to disclose? Or how to disclose? Or the best practices surrounding VSD?

In this SanctionsAlert.com webinar, join our expert speakers as they discuss the ins and outs of voluntary self-disclosure, potential pitfalls, and best practices for disclosing violations to OFAC and other regulators.

You will learn:

  • The possible benefits and drawbacks associated with making a VSD;
  • How to prepare for scrutiny by OFAC by understanding of the potential violation being disclosed and the reasons it occurred;
  • How to avoid undermining any mitigating credit awarded by the disclosure by taking remedial actions to prevent future violations;
  • How to establish clear delegations of responsibility among employees and management in order to appropriately engage in dealings with OFAC and other U.S. regulators;
  • How to properly prepare for a VSD and to take appropriate actions in the course of the disclosure process with OFAC.

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.

M. Jason Rhoades
Counsel
Alston & Bird

Jason Rhoades is a member of Alston & Bird’s International Trade & Regulatory Team, where he focuses his practice on international sanctions and other financial crimes matters. Jason counsels clients in various industries, including financial services, manufacturing, energy, technology, pharmaceutical, and consumer goods.

Jason previously served as a sanctions compliance and evaluation officer for the Office of Foreign Assets Control, where he conducted compliance reviews of financial institutions and investigations into apparent violations of U.S. sanctions programs.

Jason served in the U.S. Air Force as an electronic warfare officer on the AC-130 gunship. He received his J.D. from Georgetown University.

Cristina Brayton-Lewis
Associate
White & Case

Cristina Brayton-Lewis advises clients on a variety of regulatory matters, including compliance with export controls and economic sanctions laws and regulations administered by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC); the US Department of Commerce’s Bureau of Industry and Security (BIS) and the US State Department’s Directorate of Defense Trade Controls (DDTC).

In particular, Cristina focuses on comprehensive primary and secondary sanctions, including those maintained by the United States against Iran, Syria, Sudan, Cuba, the Crimea region of Ukraine and North Korea. She also advises with respect to the sectoral sanctions maintained by the United States against Russia and Venezuela. Cristina’s sanctions expertise includes matters involving designated parties on OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List), including applications to unblock assets.

Cristina also provides compliance advice, such as classification and licensing requirements, under the Export Administration Regulations (EAR) and International Traffic in Arms Regulations (ITAR). In addition, she advises clients regarding antiboycott requirements maintained by the Department of Commerce and the Department of the Treasury.

Beyond compliance advice, Cristina also assists with internal investigations of possible sanctions and export control violations, as well as assisting companies with any Voluntary Self-Disclosures (VSD) to the relevant government agencies.

Prior to joining White & Case, Cristina was a Special Assistant Attorney General for the District of Columbia, where she prosecuted criminal matters in Superior Court of DC. She also interned at a leading law firm in Spain.

Duration:

75 minutes

Moderator:

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.