Avoiding an OFAC Fine - What Payment Industry Providers Need to Know About OFAC Compliance

CSI Webinar
Seminar
November 7, 2013
|
3:00 PM - 4:00 PM ET
Webinar

International Trade Attorney Antonia Tzinova will present a CSI Webinar titled "Avoiding an OFAC Fine - What Payment Industry Providers Need to Know About OFAC Compliance." The presentation will focus on Money Services Businesses (MSB) OFAC compliance responsibilities.

Topics

  • general OFAC prohibitions as they relate to MSBs
  • screening of transactions and parties to the transaction
  • types of documentation and information to support an MSB's decision to process a payment
  • reporting requirements for blocked and rejected items
  • best practices for compliance.

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