OFAC in 2011 – Handling the Hits!


Presented by: Tim White

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I am going to use examples and walk people though the processes of:
  • What kind of entity listings are there?
  • What is contained within the entity listing and how do you use that data?
  • Handling the matches for Country Sanction Programs
  • What steps should be followed when evaluating a hit (comparing the data)
  • What matched? and/or What doesn’t match?
  • Procedure Statements
  • Documentation and Reporting
  • Licensing
  • Calling OFAC – What should I do before calling?
  • When do I block and when do I reject?
  • Case Management
  • Managing the customer or transaction during the process.
About the Speaker: Timothy R. White, CAMS is the National Risk Specialist for Bankers Toolbox, Inc., a leading BSA/AML solution provider. Tim is an expert on OFAC and has addressed OFAC and BSA issues at conferences throughout the United States. Tim has published articles in the ABA Bank Compliance Magazine and ACAMS Today. Tim is currently a member of a working group formed by the United Nations Al-Qaida Taliban Sanctions monitoring team pursuant UNSCR 1735. In June 2006, at the request of the US Department of State, he addressed a EU-US Workshop on Financial Sanctions and Terrorist Financing in Vienna, Austria. In 2005, Tim provided training for the Federal Reserve Banks BSA/AML specialists on OFAC compliance technologies. In 2004 Tim was a member of the ABAs BSA - OFAC Working Group on OFAC Examination Procedures. In 2003 he addressed BSA and OFAC as a faculty member of NACHA Payments Institute. In 2002, Tim consulted the FBI on interdict software capabilities within the financial institution marketplace. In 2001, while working for Thomson Financial Media, and in conjunction with First Data Western Union, Tim wrote the original product requirements for the first international interdiction database called Global Regulatory File, (now Accuitys Global WatchList); the first commercially marketed international sanctions database. Tim is a member of the West Coast AML Forum Committee and is an active certified member of ACAMS first graduating class. After earning a Bachelors of Business Administration Degree BBA from the University of Iowa he attended Xeroxâs International Management Center in Leesburg, VA

This program was recorded in its entirety in april 2011. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_ofac0411
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Friday 18 March, 2016.

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