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CFT
Webinars are purely educational. Instructors are not permitted to sell any
products or services during the presentation.
Program
Content:
The
Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued
an interim final rule to amend the Reporting, Procedures and Penalties
Regulations (the Regulations) to provide updated instructions and
incorporate new requirements for parties filing reports on blocked
property, unblocked property, or rejected transactions. In addition, OFAC
is revising the licensing procedures section of the Regulations to include
information regarding OFAC’s electronic license application procedures and
to provide additional instructions regarding applications for the release
of blocked funds. OFAC also is clarifying the rules governing the
availability of information under the Freedom of Information Act (FOIA) for
information that is submitted to OFAC pursuant to the Regulations. Finally,
OFAC is making numerous technical and conforming edits throughout the
Regulations.
Covered
Topics:
- Revised reports for initial blocking reports
- Revised annual reports of blocked property
- New requirement for submitters of annual reports of
blocked property who maintain blocked funds in omnibus accounts
- Revised reports for blocked transactions
- Clarify the rules regarding the availability of
information, under the FOIA
- Revised forms for rejected transactions
- Revised licensing procedures and forms
- Revised Framework for OFAC compliance
Who
Should Attend?:
OFAC
Officers, OFAC Staff, Compliance, IT Staff, BSA Personnel, Operations.. Please forward email to appropriate
person(s).
Instructor:
Deborah
Crawford
is the President of Gettechnical Inc., a Virginia based training company.
She specializes in the deposit side of the financial institution and is an
instructor on IRAs, BSA, Deposit Regulations and opening account
procedures. She was formerly with Hibernia National Bank (now Capital One)
and has bachelor's and master's degrees from Louisiana State University.
She has 30+ years of combined teaching and banking experience.
What
Is A Webinar?:
A
webinar combines the clarity of an audio teleconference with the
interactivity and visual presentation of the internet. All you need to
participate is a telephone and an internet connection. Even if you don't
have an internet connection, you can still participate in the audio
session. Listening to the program over the telephone and following the
written materials is an effective alternative!
Unable
To Attend?:
No
problem. You can purchase a recording of the webinar for future use. You
can choose from either an On-Demand Web Link (Good for 6 months from the
webinar date, unlimited use) or a CD-ROM (includes a paper copy of the
PowerPoint slides).
Viewing
Options (all options include applicable handouts):
All
options include applicable handouts. You can choose to pay by credit card
or be billed. Additional Live Webinar connections are $75 each.
Option 1: Live
Webinar and 7 Days OnDemand Video Playback - $265
Option 2:
OnDemand Video (six months access) - $295
Option 3: Live
and 6 Months of OnDemand Video - $365
Option 4: CD-ROM
Video (Includes OnDemand Video) - $345
Option 5: Entire
Package (all of the above) - $395
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