Benjamin W. Hutten to discuss "Understanding OFAC sanctions" at a NAFCU webinar
This session will discuss:
- How to best read the and understand the sanctions
- What we should take from these
- Are there other applications that BSA/Compliance need to be concerned with if their vendor regularly updates the lists
- High Risk Countries (FATF and OFAC) – How do these impact our membership, how should credit unions address, how to stay abreast of new developments – what other due diligence should be done for high risk countries to avoid transaction and country risk
- What are you hearing from your bank and CU clients?