Webinar: The Invisible Hit: Blocking Entities Not on the OFAC SDN List

--()--ATTUS Technologies, Inc.

WHAT:

    In February, the world of the Office of Foreign Assets Control (OFAC) compliance and interdiction software was turned upside down when President Obama issued Executive Order (E.O.) 13,599 blocking the Central Bank of Iran, the Government of Iran and all Iranian financial institutions. This new executive order means that compliance efforts must be immediately adjusted to account for the increase of newly blocked entities.
 

In response, ATTUS Technologies, Inc., an affiliate company of Computer Services, Inc. (CSI) (OTCQX: CSVI) and a leading regulatory compliance solutions provider, is hosting a free webinar, The Invisible Hit: Blocking Entities Not on the OFAC SDN List, that will cover E.O. 13,599 and the two general licenses promulgated by OFAC on Feb. 5, 2012. This webinar will address how transactions from Iranian sources should be viewed from the perspective of rejecting vs. blocking, as well as how these transactions should be screened and how positive hits should be handled.

 

WHO:

Erich Ferrari, principal of Ferrari Legal, P.C., works extensively on issues arising before the U.S. Department of Treasury’s OFAC. Ferrari will provide expert commentary on the following areas:
-- E.O. 13,599;
-- Iran General Licenses A and B;
-- How to account for blocked parties not on the SDN List;
-- Mitigation for transacting with these newly blocked parties;
-- The new Part 561 List administered by OFAC.
 

WHEN:

Wed., March 28, 2012
3:00 – 4:00 p.m. ET

The Invisible Hit: Blocking Entities Not on the OFAC SDN List

To register, visit:

http://www.attustech.com/webinarsupcoming.aspx

 
CONTACT: To speak with ATTUS on how banks can use automation to better handle the blockage of Iranian financial sources, or for more information, please contact:
David Jones at (678) 781-7238 or
Stephen Sprayberry at (678) 781-7207

About ATTUS Technologies, Inc.

ATTUS Technologies, Inc. is an industry leader in software and services for regulatory compliance, homeland security and fraud prevention. ATTUS serves more than 5,000 clients comprised of Financial Services, Insurance, Software, Healthcare, Pharmaceuticals, Energy & Utilities, Wholesale Goods, Travel & Leisure, Real Estate, Non-profit, Retail and more. ATTUS’ solutions provide compliance with the requirements of the Gramm-Leach-Bliley Act (GLBA), the USA PATRIOT Act, the Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN), the Bureau of Industry and Security (BIS), anti-money laundering regulations, the Bank Secrecy Act (BSA), Regulation CC and Regulation E. ATTUS, a wholly owned subsidiary of Computer Services, Inc., is based in Charlotte, N.C. For more information about ATTUS, visit www.attustech.com.

About Computer Services, Inc.

Computer Services, Inc. (CSI) delivers core processing, managed services, mobile and Internet, payments processing, print and electronic distribution, and regulatory and compliance solutions to financial institutions and corporate customers across the nation. Exceptional service, dynamic solutions and superior results are the foundation of CSI’s reputation in empowering businesses to remain competitive, compliant and profitable. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.

Contacts

ATTUS Technologies, Inc.
Jalana Ballen, 888.494.8449
Marketing Director
press@attustech.com

Release Summary

ATTUS is hosting a free webinar, The Invisible Hit: Blocking Entities Not on the OFAC SDN List, that will address blocked financial transactions from Iranian sources.

Contacts

ATTUS Technologies, Inc.
Jalana Ballen, 888.494.8449
Marketing Director
press@attustech.com