Avoiding Penalties Absent
Clear Government Guidance
CD of Teleconference with Q&A
Click here for program outline
Now available on CD
Sponsored by the Legal Publishing Group of Strafford Publications
Due to national security concerns, the federal government is aggressively policing multi-national business relationships. Stringent economic sanctions and export controls aimed at foreign countries, entities and people affect the operations of American companies in unexpected ways.
Even companies engaged in domestic transactions involving foreign entities must be aware of the Specially Designated Nationals and Blocked Persons list and of conduct prohibited by the Office of Foreign Assets Control (OFAC).
Compliance with OFAC requirements is particularly challenging because OFAC does not publish official guidance on reasonable and sufficient due diligence to avoid or substantially mitigate penalties.
Listen as our panel guides business legal advisors in understanding the government's requirements, in navigating the current enforcement environment, and in developing best practices for ensuring compliance with OFAC regulations.
The panel included:
Greta Lichtenbaum, Partner, O'Melveny & Myers, Washington, D.C. She advises clients in matters related to U.S. economic sanctions, export controls, antiboycott, foreign investment, the Foreign Corrupt Practices Act, customs, and trade laws and agreements.
Judith A. Lee, Partner, Gibson Dunn & Crutcher, Washington, D.C. Her practice focuses on international trade regulation, including USA Patriot Act compliance, Foreign Corrupt Practices Act, economic sanctions and embargoes, export controls, and customs.
William L. Clements, Attorney At Law, Washington, D.C. He counsels clients regarding compliance with the U.S. Export Administration Regulations, the International Traffic in Arms Regulations, Office of Foreign Assets Control Regulations and the FCPA.
The panel reviewed these and other key questions:
- What is the scope of the OFAC sanctions and what conduct is prohibited?
- What can be learned from recent enforcement actions?
- What are the best practices for businesses to ensure compliance with foreign asset control requirements?
- What are the key elements for an effective compliance program?
TELECONFERENCE CD
Purchase a CD-ROM of the full conference proceedings, including Q&A and PDF files of all handouts (available 10 days after the program).
- Regular Price - $297 (plus $9.45 S&H)
- With Teleconference Registration – an additional $75 (plus $9.45 S&H)
CLE credit is available for an additional $65 each for attorneys seeking CLE credits for NY or CT.
Other states may grant CLE credits for listening to this CD - check with your state about applying for self-study credit on CD-listening.