OFAC Launches Sanctions Guidance Video Series
The Office of Foreign Assets Control is launching two short-video series to provide “further clarity” on U.S. sanctions requirements, sanctions programs and “practical suggestions on how to comply effectively,” the agency announced last week. The first video, released July 28, is part of a series to “provide viewers with a high-level introduction on the fundamentals of OFAC and sanctions implementation.” The second video series, which will be released in the coming months, will address specific, frequently asked questions from OFAC’s hotline, including “how to most effectively use OFAC’s Sanctions List Search tool and steps to validate a potential sanctions match.”
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The agency recommended organizations share these videos with their employees and include them as part of internal training programs. OFAC is accepting feedback on the videos, including suggestions for “additional topics that would be helpful for OFAC to address.”