Entry Level and Intermediate
Core Lessons for US Sanctions
Avoid costly penalties by learning vital principles, including the troublesome 50 percent rule. Anyone trading globally and with US companies will benefit from OFAC Essentials. The course comprises 7 training hours across 4 weeks online. Each lesson provides you with vital preparation for US sanctions.
Extensive Course Content for Full OFAC Compliance –
Proper Sanctions Training Structured for Easy Learning
7 CSS CE Credits
Valid for CSS Accreditation
You’ll start with the basics
Your education begins with learning the basics of US sanctions and progressing to reading assignments in preparation for one of two 90-minute online, interactive classrooms.
You’ll get a thorough grounding
The first gives you a thorough grounding in the structure of sanctions from political enactment to administration, with emphasis on OFAC’s role. The second shows you how to manage risk and enforcement, guiding you on the creation of your own sanctions compliance program. This includes screening for due diligence and applying for an OFAC license.
You’ll develop your understanding
We’ll discuss OFAC enforcement guidelines and explain what to do when you discover a failure to comply. You will experience Q&A sessions, student polls, and practice questions prepared so that you understand all aspects of OFAC compliance before your one-hour exam of multiple-choice questions
Only part of what you will know
by the end of the course…
- What, exactly, are Office of Foreign Assets Control (OFAC) sanctions and their objectives?
- Different types of OFAC sanctions regimes.
- Who must comply?
- “OFAC online” – Where to find what you need to know on the OFAC website.
- IEEPA, TWEA – what are they? Why are they important?
- Short exercise/case study/practice questions.
- Categories: vs limited, country regimes, list-based regimes, sectoral, extraterritorial, and other categories of regimes. Examples.
- High-level principles and core concepts or core prohibitions under main OFAC-administered sanctions regimes.
- Important concepts or terms used throughout OFAC-administered sanctions programs (e.g., facilitation).
How is it structured?
Self-Paced E-Learning Course (30 minutes)
Reading Assignment (60 minutes)
Virtual Classroom lead by a live instructor: Legal Authorities and How OFAC Works (90 minutes)
Reading Assignment (30 minutes)
Virtual Classroom led by a live instructor: OFAC Risk Management and Enforcement (90 minutes)
Reading Assignment/Case Study (30 minutes)
Final assessment (60 minutes)
ACSS Virtual Learning
LAPTOP, TABLET OR SMARTPHONE
Who Should Take the OFAC Essentials Course Certificate?
ANYONE requiring knowledge of the prime elements of US sanctions rules and regulations needs to look no further than OFAC Essentials. This course has been constructed to keep businesses and those acting for them compliant while focusing precisely on the information needed.
Our students come from diverse backgrounds, ranging from accountants and lawyers to compliance officers and businessmen seeking help with OFAC compliance. Your background is not as important as the need to learn the essential information to keep on the right side of compliance. We’re here to help you.
Most Practical, Recognized OFAC Sanctions Course at the Best Price
Upcoming Course Schedule
2024 Winter Session
1st Virtual Classroom : Mar. 6, 2024 – 10:00 – 11:30 (NYC)
2nd Virtual Classroom : Mar. 13, 2024 – 10:00 – 11:30 (NYC)
2024 Fall Session
1st Virtual Classroom :Oct. 9, 2024 – 10:00 – 11:30 (NYC)
2nd Virtual Classroom : Oct. 16, 2024 – 10:00 – 11:30 (NYC)
Instruction from TOP Practitioners
Dan provides AML and Sanctions regulatory crisis management support. He also provides strategic AML and Sanctions Compliance Program support to a variety of clients. Prior to joining Oliver Wyman, he was a Partner at a global consulting firm where he supported the Global AML and Sanctions Remediation for several G-SIFIs under investigation or subject to enforcement actions.
Previously Dan served as the Head of Compliance for the Americas and Global Sanctions Champion at Travelex. Before joining Travelex, Dan was the OFAC Compliance Coordinator for the Federal Reserve Bank of New York, where he advised on OFAC issues.
Dan began his career in Compliance when he served as a Compliance Officer with OFAC.