OFAC Exam Preparation: New Record Retention Rules & Third-Party Verification

Audit & Accounting Compliance Frontline & New Accounts Operations Deposit Account Compliance Bank Secrecy Act (BSA)

On-Demand Webinar

StreamedOct 24, 2025Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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Do you have an OFAC exam on the horizon?

Regulators are zeroing in on the new record retention rules. Are you in compliance? Do you use a third-party vendor to manage your OFAC program? Are they in compliance? Join this timely offering to get the skinny on third-party verification procedures and how to have a successful exam.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Assess the impact of the new 10-year record retention rule
Review third-party updates and the effect of vendor management on your OFAC exam
Determine who should be reviewed for OFAC matches — accountholders, non-accountholders, vendors, and others
Conduct a compliance review of your program
Check the four pillars to see if your risk assessment is appropriate for your program
Introduce training and sanction searches through OFAC
Update recordkeeping and match procedures

WEBINAR DETAILS

New record retention rules introduced in March 2025 are bringing examiner focus to OFAC programs. These new recordkeeping rules laser focus regulators on the documents and records that should be kept. What due diligence is required if a third-party vendor is managing your OFAC program? Who should be checked for OFAC? How often should OFAC lists be reviewed? What if there is a match? These issues as well as recordkeeping and third-party vendor management will be a part of the 2025-2026 examination landscape. Learn more during this program.

WHO SHOULD ATTEND?

This informative session is designed for auditors, OFAC officers, BSA staff, compliance professionals, deposit operations personnel, and third-party relationship managers.

TAKE-AWAY TOOLKIT

Audit worksheet and third-party verification procedures
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.