Office of Foreign Asset Control

Overview

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 U.S. 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.

Learning Objectives

Students who successfully complete this course will be able to:

  • identify AML program requirements
  • understand the role of the Office of Foreign Asset Control
  • understand the rules and regulations of the Office of Foreign Asset Control

Designed for

All registered representatives and principals

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