2025 OFAC Sanctions Training for Fintechs, MSBs, and Community Banks
Course Description
U.S. sanctions regulations continue to evolve in response to global events, and financial institutions must keep pace. This training provides an update on OFAC sanctions compliance in 2025, including recent developments related to Russia, Syria, and the use of dual-use goods. We’ll also cover the enforcement of secondary sanctions and the risks that apply to fintechs, MSBs, and community banks. Participants will learn what regulators expect when it comes to customer screening, due diligence, and internal controls. The goal of this session is to help institutions strengthen their sanctions compliance programs and reduce exposure to enforcement actions.
Agenda
Summarize key updates in OFAC sanctions related to Russia, Syria, and global conflict zones.
Explain the risks and red flags associated with dual-use goods and deceptive shipping practices.
Clarify how secondary sanctions apply and why they matter for fintechs and MSBs.
Review best practices for customer and counterparty screening using updated watchlists.
Discuss regulator expectations around internal controls, training, and audit trails for sanctions compliance.
Offer strategies to avoid common pitfalls that can lead to enforcement actions or reputational damage.
Instructor: Timothy Dunfey
Course Description
U.S. sanctions regulations continue to evolve in response to global events, and financial institutions must keep pace. This training provides an update on OFAC sanctions compliance in 2025, including recent developments related to Russia, Syria, and the use of dual-use goods. We’ll also cover the enforcement of secondary sanctions and the risks that apply to fintechs, MSBs, and community banks. Participants will learn what regulators expect when it comes to customer screening, due diligence, and internal controls. The goal of this session is to help institutions strengthen their sanctions compliance programs and reduce exposure to enforcement actions.
Agenda
Summarize key updates in OFAC sanctions related to Russia, Syria, and global conflict zones.
Explain the risks and red flags associated with dual-use goods and deceptive shipping practices.
Clarify how secondary sanctions apply and why they matter for fintechs and MSBs.
Review best practices for customer and counterparty screening using updated watchlists.
Discuss regulator expectations around internal controls, training, and audit trails for sanctions compliance.
Offer strategies to avoid common pitfalls that can lead to enforcement actions or reputational damage.
Instructor: Timothy Dunfey
Course Description
U.S. sanctions regulations continue to evolve in response to global events, and financial institutions must keep pace. This training provides an update on OFAC sanctions compliance in 2025, including recent developments related to Russia, Syria, and the use of dual-use goods. We’ll also cover the enforcement of secondary sanctions and the risks that apply to fintechs, MSBs, and community banks. Participants will learn what regulators expect when it comes to customer screening, due diligence, and internal controls. The goal of this session is to help institutions strengthen their sanctions compliance programs and reduce exposure to enforcement actions.
Agenda
Summarize key updates in OFAC sanctions related to Russia, Syria, and global conflict zones.
Explain the risks and red flags associated with dual-use goods and deceptive shipping practices.
Clarify how secondary sanctions apply and why they matter for fintechs and MSBs.
Review best practices for customer and counterparty screening using updated watchlists.
Discuss regulator expectations around internal controls, training, and audit trails for sanctions compliance.
Offer strategies to avoid common pitfalls that can lead to enforcement actions or reputational damage.
Instructor: Timothy Dunfey