OFAC Compliance Webinar (Complimentary, On-Demand)
In Your Credit Union
An effective OFAC
compliance program involves understanding your institution’s risk and
developing consistent, effective operating procedures – including ample staff
training. This webinar will provide an
overview of strategies for implementing or improving an OFAC compliance
program, which will vary based on the character of the institution, risk
tolerance, and accountholder base. It
will also cover reporting requirements, disclosure of OFAC violations, and the application
procedure for the release of blocked funds.
About the Speakers:
Nagle is a Senior Advisor for
Compliance Programs at the U.S. Treasury’s Office of Foreign Assets Control
(OFAC.) As part of OFAC’s Sanctions
Compliance and Evaluation team, she interacts with industry peers to discuss
sanctions compliance and implementation issues, educates public and private
sector partners on OFAC sanctions programs, and leads high-level investigations
of financial institutions that appear to have violated U.S. sanctions
regulations. With OFAC since 2006, Rachel’s
experience includes conducting investigations of both financial and
non-financial entities, identifying sanctions evasion techniques and trends,
and analyzing terrorist financing networks.
is a Compliance Officer in OFAC’s Sanctions Compliance, and Evaluation
Division, where she focuses on the office’s initiative to conduct outreach to
community banks, credit unions, and small- to medium-size businesses. Her background includes clerking in the U.S.
Senate for the Permanent Subcommittee on Investigations, the Office of the
Inspector General at the Securities & Exchange Commission, and the General
Counsel’s Office in the Department of Health & Human Services. Jamie graduated from Catholic University’s
Columbus School of Law.
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