OFAC: Control TV Episode #8
Posted by Sonya Mills on Sun, Sep 13, 2009 @ 10:50 AM
Episode #8 - September 11, 2009
Episode length: 18 minutes, 02 seconds
View on Viddler
Intro:
Have Questions?
Forum Fodder:
- OFAC: primary reasons for OFAC are to prevent funding of terrorist groups and narcotics cartels
- Compliance Support Group: "What is your financial institution doing to curtail chronic OFAC offenders?"
- Compliance is always a "people issue"
- Contests - 100% compliance earns reward - not a long term solution
- Emphasize WHY - OFAC put into place & WHAT - penalties for institutions non-compliance
- Fundamental problem #1: information overload. Distill into relevant information and specific procedures.
- Fundamental problem #2: direction. Automate compliance with relevant information presented at the right time.
FreePolicyTuesday:
Completely free on www.continuity.net for 1 week, after which, it's available only to registered users of Continuity Control.
Closing Comments:
- UNITI East conference next week
- please leave any feedback in the comments section