What is OFAC | What Does OFAC Stand for | OFAC Sanctions

What is OFAC | What Does OFAC Stand for | OFAC Sanctions | Office of Foreign Assets Control

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Күн бұрын

What is OFAC | What Does OFAC Stand for | OFAC Sanctions | Office of Foreign Assets Control
In this video tutorial we focus on what is OFAC, what do they do, Who is sanctioned by OFAC and more.
👉 Link to our AML/KYC Courses
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Other items covered within this tutorial:
❂ What is OFAC
❂ What does OFAC stand for
❂ Some of the sanctions imposed by OFAC
❂ What rules and regulations does OFAC implement?
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Пікірлер: 13

@kreal1 4 күн бұрын

I am proud of being on the OFAC List a proud Louisiana Creole Muslim Indigenous Tribes Sovereignty Leader and Royal seeking independence from United States to be fully recognized.

@KYCLookup 4 күн бұрын

@@kreal1 Thank you for your comment.

@mirsaidulislam2046 Жыл бұрын

Nice presentation.

@KYCLookup Жыл бұрын

@mirsaidulislam Thank you. Have you watched the BSA one too? Equally as good and as imformative 👍

@manishbhojak3821 Жыл бұрын

Very nicely explained

@KYCLookup Жыл бұрын

@manishbhojak3821 Thank you for the comment and support 🙂

@Gaurav-hc4tj Жыл бұрын

Does OFAC works with financial institution like Western Union & MoneyGram.

@KYCLookup Жыл бұрын

@Gaurav-hc4tj Thanks for the comment. Yes MSBs will work closely with the OFAC sanction regime and will have to comply with any set restrictions and make sure they dont break any sanctions imposed by OFAC

@mhasikhonuokera5548 Жыл бұрын

If OFAC has impose sanction on Cuba however if an entity in uk is importing goods from Cuba and US entity is nit involved will it pose regulatory breach for a bank in UK for dealing with such transactions??

@KYCLookup Жыл бұрын

thanks for the question, i would refer for you to check your local sanction regime website

@royalindiann 17 күн бұрын

First of all, I don't care what they put out there in this propaganda press ... If you've ever worked in a bank asset protection, or you've worked in any bank department that deals with HIGH loans specifically, you know that there cannot be an OFAC entry of any individual or corporation without due process, and they're being a legitimate reason to create the entry on OFAC. You can do what. They called an ofak inquiry complaint but that does not give them the right to create what they call an entry. When they create the entry, that means the person was found guilty of usually one of two things financing, terrorism or money laundering within the United States to finance terrorism. It was not ever created to sanction entire Nations over on proven terrorism claims and that's illegal. Is absolutely illegal in every nation can bring suit to the United States federal government Department of Treasury for even doing that. With all damages and losses to their corporation. Its Equivalent to pointing at someone and calling them a terrorist financing terrorism without it being proven which would fall under the violations of defamation of character and a whole bunch of fakse claiks. It's demonstrated in how they abuse the OFAC entries - usually to defame the character of a Nation because they went against something they don't like in the United States and that is completely unfair.

@KYCLookup 15 күн бұрын

@@royalindiann Thank you for the thoughtful comment. Its never easy to keep up with the changes