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OFAC - Sanctions and Venezuela
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9/19/2019
When: Thursday, September 19, 2019
8:30 AM
Where: Rusty Pelican
3201 Rickenbacker Causeway
Key Biscayne, Florida  33149
United States
Contact: Tania Maysonet
305-539-3744


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OFAC –Sanctions & Venezuela…

How to continue Banking Venezuelan customers in this day and age?  

With the issuance of Executive Order 13884 on August 5th , 2019 and the issuance of 13 Venezuela-related General Licenses and

Frequently Asked Questions one day afterwards, Banks are now asking the following hard questions:

 

  • How do I deal with my current Venezuelan portfolio?  
  • How do I deal with day to day Venezuelan related transactions?
  • How do I prepare for my upcoming audits and exams with respect to my Venezuelan portfolio and: my risk assessment?
  • How do I decipher the language contained in Executive Order and General Licenses?
  • How do I deal with new Venezuelan account prospects?

To reply to these questions, FIBA has created a Venezuelan Task Force Team composed of experts from the Banking and Legal Industry who have reviewed and studied the above, raised other questions to OFAC and analyzed the risks posed. They will go over these in a unique panel to provide best practices and answer questions. 

This is a must attend event for:

  • Wealth Management Personnel;
  • Auditors;
  • Examiners;
  • BSA / Compliance and Risk Managers;