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:
FinCEN - Inflation Adjustment of Civil Monetary Penalties
This policy template (approximately 45 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $175.00.
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