The OFAC Factor: How It Works and How to Work With It

Instructor: Gina Lowdermilk
Product ID: 704611
Training Level: Basic
  • Duration: 60 Min

recorded version

1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section

Training CD

One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days

Customer Care

Fax: +1-650-963-2556


Read Frequently Asked Questions

This OFAC training program will discuss what the OFAC factor is and how it can impact the financial industry. The program will also explore several other avenues such as staying compliant with OFAC, different methods for financial institutions to work with the OFAC factor, and identifying what methods may work best for your organization.

"The OFAC Factor: How It Works and How to Work With It" - This course is approved by NASBA (National Association of State Boards of Accountancy). Attendees of Live Webinar are eligible for 1.2 CPE credit up on full completion of the course.

Why Should You Attend:

OFAC plays an important part in the customer identification efforts and AML/BSA requirements for financial institutions. This webinar will discuss what exactly the OFAC factor is and discuss and evaluate how it works. It will also:

  • Explore and investigate how to work with it.
  • Discuss how it can impact the financial industry.
  • Discuss different method for how financial institutions can work with the OFAC factor.
  • Identify what methods may work best for your organization.
  • Discuss the importance of staying current with OFAC developments, issues and concerns.
  • Discuss consequences for failing to comply with OFAC requirements and expectations.

Areas Covered in the Webinar:

  • What is the OFAC factor?
  • Why is it important to understand the OFAC factor?
  • How does it work?
  • How to work with it
  • Consequences of not working with it
  • Staying compliant with OFAC

Who Will Benefit:

  • OFAC Officers
  • Compliance Managers and Officers
  • Risk Managers and Officers
  • BSA Officers/Personnel
  • Presidents/Vice Presidents
  • Fraud Managers/Personnel
  • BSA/AML Auditors

Instructor Profile:

Dr Gina J. Lowdermilk, PhD (ABD), CAMS, CRMS is a highly experienced and educated BSA/AML and financial regulatory compliance professional with extensive experience in policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting. Her emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work from small community banks to large, international financial institutions. Her roles not only included BSA/AML and compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.

Ms. Lowdermilk has worked with almost all financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. She has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and compliance articles, training materials, and manuals for numerous clients.

Topic Background:

Financial institution have been aware of OFAC for many years, what its purpose is, and its role in identifying entities that could be potential threats for money laundering, terrorist financing, or other crimes. Although financial institutions are familiar, they may not fully comprehend what the OFAC represents and how it works. By not having this understanding, financial institutions may be falling short in the OFAC efforts. There are ways to work the OFAC factor. However, financial institutions may not be fully aware of how to efficiently and effectively work with the OFAC factor. By obtaining this comprehensive knowledge, financial institutions can enhance their proactive compliance efforts with not only their OFAC requirements, but also enhancing their overall AML/BSA compliance efforts. Identifying suspicious entities properly can reduce the potential of crimes.

We are registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. Our registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200,, e-mail

Field of Study Minutes CPE
Business Management & Organization 20 0.4
Regulatory Ethics 40 0.8
Total Duration - 60 Min Total Credits - 1.2

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