Compliance Guide to OFAC Standards

Authors: Regulatory Compliance Associates, Inc. (REGCOM)
Format: Looseleaf manual with CD
Price: $525

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Are you confident that your bank is in compliance with the regulations, standards, and sanctions issued by the Office of Foreign Assets Control (OFAC)? Since September 11, the federal government has put intense pressure on banks to meet OFAC's requirements, and no bank is too small to escape regulatory scrutiny.

Sheshunoff's new Compliance Guide to OFAC Standards is the most comprehensive resource for ensuring your bank's compliance with OFAC requirements. This new publication focuses on the basic challenges facing financial institution management, including:

Identifying, analyzing, and determining what types of transactions may be OFAC-related, and in what departments or functional areas these may occur
Determining appropriate resources and compliance checks
Adopting a flexible approach to managing and monitoring OFAC compliance to address all types of potential risks

A Comprehensive Compliance Program

The Compliance Guide to OFAC Standards covers all aspects of an effective OFAC compliance program. Each chapter begins with OFAC insights and reminders.

Chapter 1, Getting Started
Chapter 2, OFAC Regulations and Requirements
Chapter 3, Designing and Monitoring OFAC Control Systems
Chapter 4, Developing Formal Policies and Procedures
Chapter 5, Understanding Current OFAC Sanctions
Chapter 6, OFAC Reporting and Compliance Examinations
Chapter 7, Training
Chapter 8, Related Laws and Issues

Supplementary material includes sample policies and procedures, an internal control questionnaire, a risk assessment worksheet, compliance checklists, examination procedures, and a PowerPoint training program with instructor guide. Appendixes on an easy-to-search CD include a glossary, a list of interdict software providers, and the full text of many regulatory issuances, enforcement actions, and selected laws and regulations.

Many checklists make it easy to monitor your compliance with the rules
Guidance on selecting vendors helps you get the best value for an investment in compliance software
Analysis of common compliance violations helps you avoid mistakes
Country-by-country analysis lets you pinpoint problem areas for specific transactions
Internal control questionnaires show you areas needing work before the examiners drop in
Guidance for all affected areas of the bank helps you be sure all required areas are in compliance

Practical Guidance from Experienced Authors

In 1988, Jerry Miller founded Regulatory Compliance Associates, Inc. (REGCOM) for the purpose of providing proactive regulatory compliance products and services to financial institutions. Mr. Miller was formerly with the Office of the Comptroller of the Currency (OCC) as a field examiner and member of the OCC Chicago Regional/District management team. He also served as Midwest practice leader for KPMG Peat Marwick’s Financial Institutions Regulatory Compliance Consulting Practice Group.

With a wide range of regulatory examination and financial institution experience, REGCOM’s staff has experience in assisting management and directorates of complying with regulations, design and development of individual regulatory compliance programs for financial institution clients of all sizes, training, and regulatory agencies, REGCOM is positioned to maintain the reputation earned as a valued resource for financial institutions’ regulatory risk needs. As author of numerous publications covering a variety of management and regulatory focus areas, REGCOM offers proactive information and solutions to all levels of staffing within the financial services industry.

Order the Most Comprehensive OFAC Resource Today

How do your employees compare OFAC lists to existing customer information?
How does your staff compare new customer account activities with the lists?
How do your employees and management remain vigilant to potential OFAC blocked activities?

Sheshunoff's Compliance Guide to OFAC Standards is the answer! Order your copy today-just click above to order, or call us at 800-456-2340.