What U.S. Federal Bank Examiners Look for in Their OFAC Compliance Examinations (Recorded Video)
The webinar, featuring an examiner from the Federal Reserve, contains an overview of regulatory expectations with regards to OFAC compliance program elements. Speakers will also cover OFAC risk management expectations, industry sound practices, and examination procedures.
How will an examiner assess a risk-based OFAC compliance program to evaluate whether it is appropriate for the bank’s OFAC risk? What samples will an examiner take to test the bank’s OFAC screening program for adequacy? What essential elements does an examiner want to see when pulling out a sample of false hits (potential matches) to check their handling?
January 11, 2017
John S. Karansky
Timothy R. White
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