A Primer on OFAC/Sanctions Compliance

Instructor: Joe Soniat
Product ID: 704998
  • Duration: 60 Min
This training program will detail the purpose of OFAC screening and OFAC risk assessment. It will define a politically exposed person (PEP). Further, the webinar will also offer best practices regarding the OFAC screening process and guide attendees on how to document the process of an OFAC case review.

Training CD / USB Drive

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

Customer Care

Fax: +1-650-362-2367

Email: [email protected]

Read Frequently Asked Questions

"A Primer on OFAC/Sanctions Compliance" - 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:

Office of Foreign Asset Control (OFAC) screening is a high risk banking function. Knowing what to screen, when to screen and who to screen can be confusing and cumbersome. In this course we look to give best business practices for OFAC screening and how to determine what to scan and when to scan it.

Organizations must know which individuals, entities and countries are subject to sanctions and must not conduct any transactions involving sanctioned parties.

Areas Covered in the Webinar:

  • Purpose of OFAC screening
  • OFAC risk assessment
  • What is a politically exposed person (PEP)?
  • Procedures and process to clear a potential OFAC hit
  • Best practices regarding the OFAC screening process
  • How to document the process of an OFAC case review
  • Screening the customer base
  • Screening transactions

Who Will Benefit:

  • BSA/AML Officers
  • Compliance Officers
  • Enterprise Risk Managers
  • Bank Compliance Officers and Assistants
  • Bank Secrecy Act Officers and Assistants
  • Bank Secrecy Act Analysts
  • Credit Union Compliance Officers
  • Internal Auditors
  • Risk Managers
  • Sanctions Analyst
  • Staff with BSA/AML oversight responsibilities
  • Anyone who deals with correspondent banking risk
Instructor Profile:
Joe Soniat

Joe Soniat
Bank Secercy Act Officer, Union Bank and Trust

Robert J. Soniat (Joe) is the BSA officer for Union Bankshares Corporation, located in Richmond, Virginia. He also worked as a finance officer for the United States Government from 2002 – 2004. He holds a Bachelor’s of Science in Accounting from Virginia Commonwealth University as well as minors in criminal justice and international relations. Since his time at VCU, Mr. Soniat has been looking for ways to help fight financial crimes and money laundering; it was not until he came to Union Bankshares he found that he could be on the front lines in BSA.

Mr. Soniat is the officer of the BSA AML programs for Union Bankshares Corporation, all three banks and its subsidiaries. In October of 2008, he became a Certified Anti Money Laundering Specialist (CAMS). He is also a BSA Coalition Advisory Board Member, which consists of bankers and regulatory representatives from various federal and state banking agencies from the fifth district of the Federal Reserve.

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, www.learningmarket.org, e-mail [email protected].

Field of Study Minutes CPE
Specialized Knowledge and Applications 60 1.2
Total Duration - 60 Min Total Credits - 1.2

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email [email protected] call +1-888-717-2436 (Toll Free).

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