Market Areas > Corporate Finance > OFAC

OFAC Compliance: How to Minimize the Threat of Costly Violations

Course Description:

Are you unknowingly doing business with terrorists, drug traffickers and money launderers?  Are you breaking the law without even knowing it?

If you’re caught doing business with even one of the thousands of criminals identified by the US government under the US Treasury Department’s Office of Foreign Assets Control (OFAC), you could be fined up to $10 million dollars in penalties. 

The OFAC penalty system is based on the violation, and it doesn’t take into account the circumstances in which it occurred.  So whether you knew you were dealing with a crook or not, you could also be personally liable for up to $250,000 in fines.  Worse yet, you could even wind up in prison. 

Now’s the time to find out how to safeguard you and your organization from this non-compliance nightmare.  Join CCM for this essential audio conference on OFAC compliance.  Our faculty expert will explain regulatory terms and restrictions imposed by the OFAC. 

Plus, in just 75 minutes, you’ll learn about:

• Compliance obligations to OFAC
• Who’s required to comply
• Specific OFAC compliance steps for your AP departments
• Who’s on the list and how to stay up-to-date on changes
• Procedures to follow should you find a match to the OFAC list
• Tips for more effective screening programs

You’ll also get the answers to your specific questions in the live Q&A session following the presentation.

Featured Faculty:

Scott R. Ostericher, Partner, Locke, Lord, Bissell & Liddell LLP

Scott Ostericher is a partner in Lord, Bissell & Brook LLP’s litigation department who concentrates his practice in representing insurance and reinsurance clients, and other corporate clients, in a wide range of matters including: complex insurance and reinsurance disputes, insurance bad faith claims, internal investigations, electronic discovery matters, commercial contract disputes, and business tort claims. He also assists clients in complying with the U.S. Treasury Department's OFAC screening requirements and the USA Patriot Act's anti-money laundering provisions.

MONEY-BACK GUARANTEE:

We're so confident you'll get what you want out of this conference that we'll refund every penny if you're not completely satisfied. No questions asked! It's 100% risk-free!

Pricing:

Unable to Attend?  Order the CD!
Your CD recording includes the complete audio conference presentation, audience Q&A and presentation materials.

APPROVED FOR RECERTIFICATION CREDIT:

Receive 1.5 CPE credits by attending the live Audio Conference! CCM is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org No prerequisite courses, advanced preparation or experience is required for admittance to this workshop. This intermediate level audio conference qualifies for 1.5 CPE Credits, delivery method Group-Live. Recordings of the program do not qualify for CPE credits. For more information regarding administrative policies such as complaint and refund, please contact our offices at 877-900-C4CM (2426).

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