Workshop A – Your Roadmap to Sanctions Compliance and More: How to Meet OFAC Expectations, Requirements and Work with OFAC
Beth Akalu
Sanctions Compliance Officer,
Office of Foreign Assets Control
U.S. Department of the Treasury
Bridget Van Buren
Chief, Sanctions Compliance Guidance and Outreach
Office of Foreign Assets Control
U.S. Department of the Treasury
Sarah Lossing
Sanctions Compliance Officer,
Office of Foreign Assets Control
U.S. Department of the Treasury
Join an in-depth, practical conversation on the essentials of implementing an effective sanctions compliance program that meets OFAC expectations. The workshop will delve into the intricacies of maintaining and updating your program and ensuring that it is agile and ready to adapt as more sanctions developments unfold. The speakers will focus on:
- The 5 pillars of Compliance: Risk Assessment, Testing and Auditing, Training, Internal Controls and Senior Management Commitment
- How and when to contact OFAC, including knowing who to contact; and reporting requirements
- Navigating OFAC resources for self-help; as well as best practices for applying for a license, submitting reports, and complying with sanctions and enforcement guidelines