OFAC 101 -- Understanding OFAC Obligations

ATTUS Presents “OFAC 101 – Helping U.S. Businesses and Non Traditional Financial Institutions Understand Their OFAC Obligations”

Complying with the Office of Foreign Assets Control’s (OFAC) regulations is more complex today than at any other time in the 200+ years that the U.S. Treasury has used sanctions to protect this country.  OFAC regulations apply to all U.S. citizens and businesses yet many are either unaware of or don’t understand their obligation.  You don’t need to risk being one of them. 

ATTUS has created this easy-to-understand and easy-to-use primer on OFAC compliance.  From the history of sanctions to OFAC’s current role in the war on terror, you’ll learn exactly how OFAC does its job, so that you can do your job in adhering to its regulations.  Find out the answers to these questions and more.

1. Does your business fall under the new, broader USA PATRIOT Act definition of a “financial institution?”
2. Is your industry considered more likely to be unwittingly used for activities related to terrorism?
3. What is OFAC’s SDN list?
4. How and how often do you need to check your customer list against the SDN list?
5. What should you do if you find a positive match?
6. How can you develop an efficient and cost effective OFAC compliance program for your business?

OFAC compliance isn’t going away anytime soon.  As long as you have questions about your obligations, ATTUS is here to answer them.  Please login or register to download this white paper to start reducing your risk of an OFAC violation today.