Online Courses Financial Compliance Banking Compliance Office of Foreign Assets Control

Office of Foreign Assets Control

Created by: HSI - Health & Safety Institute Top Author

1,008 views Prime

Last Updated 10/2022

English

Full Lifetime Access

Finish in
8 min! Run Time

Made for for
Employees
only

No Certificate
Provided

What you'll learn

Screen transactions against OFAC sanctions requirements

Explain how processing a prohibited wire transfer can fund criminal activity

Apply OFAC obligations to daily transaction handling

Skills covered in this course

banking safe banking HSI-ej4 OFAC OFAC Compliance OFAC Compliance Course

FAQs

Description

Process the wrong wire transfer and your institution could unknowingly fund crime. The Office of Foreign Assets Control (OFAC) helps prevent that. This course explains its role.

What this course covers:

The origin of OFAC and why it exists
OFAC's core responsibilities
The laws OFAC administers
How to help your financial institution avoid violations

Built for financial staff who handle transactions and need to keep their institution clear of OFAC violations.

System Requirements

See System Requirements in the Coggno Knowledge Base

Author

HSI - Health & Safety Institute

2065 Courses

Making the Workplace Safer and Smarter

HSI (Health & Safety Institute) is a recognized leader in Environmental, Health and Safety (EHS) and workforce development software, training, and compliance solutions.

HSI is your single-source partner for EHS, Compliance, and Professional Development solutions. HSI provides integrated e-learning content, training solutions, and cloud-based software designed to enable your business to improve safety, operations, and employee development. Across all industries, we help safety and technical managers, human resources, first responders, and operational leaders train and develop their workforce, keep workers safe, and meet regulatory and operational compliance requirements. We are a unique partner that offers a suite of cloud-based software solutions including learning management, safety management, chemical SDS management, and more, integrated with our content and training so businesses can not only monitor and manage multiple workflows in one system, but train employees via one partner.

Frequently Asked Questions

Processing the wrong wire transfer can unknowingly fund crime, and the course explains how the Office of Foreign Assets Control (OFAC) works to prevent that.

It covers the origin of OFAC and why the agency exists.

The course outlines OFAC's core responsibilities within the financial system.

It reviews the laws that OFAC administers.

It's built for financial staff who handle transactions and need to keep their institution clear of OFAC violations.

Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.

The course takes approximately 8 minutes to complete and can be paused and resumed at any time.

No. This course does not include a certificate of completion.

Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.

Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).

Yes. The course is fully self-paced and available 24/7.

Yes. This course includes a knowledge check to reinforce learning and verify completion.

Learners have lifetime access from the date of purchase.

Yes. A preview is available so you can review the course format and content before purchasing.

Yes. Content is reviewed and updated as regulations and best practices change.

Yes. This course is available for free with an active Prime Subscription.

Yes. Refund requests can be submitted within 30 days of purchase.

Self-paced, start anytime Full lifetime access

Licenses

Price per license

$9.95

This course + 10,000 more, org-wide Assign courses, track completions, export audit-ready reports Full LMS included — no per-feature fees

Start Team Subscription

Browse by category

Office of Foreign Assets Control

What you'll learn

Skills covered in this course

Overview