Office of Foreign Assets Control (OFAC) Policy - $175.00


The purpose of this Office of Foreign Assets Control (OFAC) Policy is to address how a financial institution complies with Office of Foreign Assets Control (OFAC) laws, rules and regulations.  In general, OFAC is an office of the U.S. Treasury that administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against entities such as targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in activities related to the proliferation of weapons of mass destruction and transnational organized crime.

Table of Contents

Purpose and Contents - Topic 1
Policy Statement - Topic 2
OFAC Background, Enforcement and Penalties - Topic 3
Definitions - Topic 4
Structure of Accountability - Topic 5
Risk Management and Assessment - Topic 6
Screening and Blocking Processes - Topic 7
Prohibited Transactions - Topic 8
Automated Clearing House Transactions - Topic 9
Cross Border Wire Transfers - Topic 10
Department Policies and Procedures - Topic 11
Audit Policy - Topic 12
Staff Training - Topic 13
Retention of Documentation - Topic 14

Recent updates to this product:
03/27/17 Update
FinCEN - Inflation Adjustment of Civil Monetary Penalties

This policy template (approximately 45 pages) is available to purchase from in Microsoft® Word format for $175.00.

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