Office of Foreign Asset Control

The Bank Secrecy Act (BSA) requires financial institutions, including broker-dealers, to establish an anti-money laundering (AML) program. One of the agencies in charge of enforcing the BSA is the Office of Foreign Assets Control (OFAC), an arm of the US Department of Treasury. This course provides a summary of OFAC guidance to assist financial professionals in combatting money laundering and the impact of that OFAC guidance on broker-dealers’ AML programs.