OFAC Compliance: Meeting Evolving U.S. Sanctions Requirements, Minimizing Risk of Sanctions
Recording of a 90-minute CLE webinar with Q&A
This CLE course will guide counsel on Office of Foreign Assets Control (OFAC) compliance. The panel will discuss the new OFAC framework and OFAC priorities. The panel will also discuss screening, monitoring, and receiving payments, as well as offer best practices for ensuring effective sanctions compliance.
Outline
- U.S. sanctions
- New OFAC framework
- Screening processes
- Receiving payments
- Blocking accounts
- Export and re-export requirements
- Steps to take if violations are suspected or discovered
Benefits
The panel will review these and other key issues:
- How does the new OFAC framework change the compliance landscape?
- What constitutes prohibited "facilitation" of a sanctions transaction?
- What steps should companies take to ensure sanctions compliance? What steps should be taken to minimize potential exposure if violations occur?
Faculty
Brian J. Fleming
Member
Miller & Chevalier
Mr. Fleming's practice focuses on investigations and compliance counseling in matters at the intersection of... | Read More
Mr. Fleming's practice focuses on investigations and compliance counseling in matters at the intersection of international trade and national security with an emphasis on economic sanctions and export controls, foreign direct investment, and cybersecurity. Mr. Fleming advises leading U.S. and foreign companies on compliance, licensing, and policy issues implicating the Treasury Department's Office of Foreign Assets Control (OFAC), the Commerce Department's Bureau of Industry and Security (BIS), and the State Department's Directorate of Defense Trade Controls (DDTC).
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Timothy P. O'Toole
Member
Miller & Chevalier
Mr. O'Toole focuses on economic sanctions and export controls. He represents companies and individuals at all... | Read More
Mr. O'Toole focuses on economic sanctions and export controls. He represents companies and individuals at all stages of the process, including enforcement actions brought by the Treasury Department's Office of Foreign Asset Control (OFAC), the Commerce Department's Bureau of Industry and Security (BIS) and the U.S. Department of Justice (DOJ). He provides clients with advice on compliance with the U.S. economic sanctions and export controls laws. He also counsels and defends clients in white collar criminal matters, conducts internal corporate investigations, and represents potential witnesses and targets in government investigations.
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