PR.com: Business Directory, Press Releases, Jobs, Products, Services, Articles
 
Businesses Articles Press Releases Follow @PRcom
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | PR.com News on Your Site
The Knowledge Group
 

Company Overview

Contact Info & Offices

Press Releases

The Knowledge Group

Press Release


Receive press releases from The Knowledge Group: By Email RSS Feeds:

Michael Zytnick, Compliance Officer, United States Department of the Treasury Office of Foreign Assets Control (OFAC) to Speak at KCís Understanding OFAC Issues in 2012


New York, NY, September 29, 2011 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Michael Zytnick, Compliance Officer, United States Department of the Treasury Office of Foreign Assets Control (OFAC) will speak at the Knowledge Congress’ webcast entitled: “Understanding OFAC Issues in 2012.” This event is scheduled for Wednesday, November 16, 2011 from 12:00pm – 2:00pm (ET).

For further details, please visit: http://knowledgecongress.org/event_2011_OFAC_Issues.html

Event Synopsis:

Compliance with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) regulations remains a significant challenge for most companies. With assets located all over the world, OFAC compliance can be complex, putting companies at risk for violating U.S. economic and trade sanctions programs.

In this two-hour Live Webcast, the Knowledge Group will walk you through the most significant issues which may arise in the context of OFAC compliance and how to mitigate these risks to avoid sanctions violations and enforcement actions.

About Michael Zytnick

Michael Zytnick is a Compliance Officer for the Office of Foreign Assets Control, working within the organization’s Sanctions Compliance and Evaluation division. Based in Washington, he works closely with global banking and financial services firms on risk identification and mitigation, transaction surveillance, and the development of compliance programs. In this role, he frequently provides guidance on matters related to correspondent banking, securities, and trade finance. Most recently, Michael has served on a U.S. Treasury coordination team responsible for addressing sanctions concerns in situations of kidnap and ransom. He is also a member of the Bank Secrecy Act Advisory Group subcommittees on cross-border funds transfers and non-bank financial institutions, which present policy recommendations to the Treasury Secretary on making the U.S. financial system more resistant to fraud, money laundering and terrorist financing.

Michael has participated in interagency working groups on the implementation of new sanctions programs and on the tracking of blocked assets under U.S. jurisdiction. Additionally, he is responsible for handling complex financial sector enforcement cases related to possible violations of U.S. economic sanctions laws. Michael is also actively involved in conducting training and providing outreach to banking and international trade professionals.

Prior to joining OFAC, Michael worked on precedent-setting litigation arising from monopolization and merger disputes. He received his B.B.A., summa cum laude, from the George Washington University, where he was honored with the Distinguished Scholar Award.

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: www.knowledgecongress.org.

###
Contact Information
The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
Contact
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org

Click here to view the company profile of The Knowledge Group
Click here to view the list of recent Press Releases from The Knowledge Group
Promote Your Business