OFAC Compliance: Meeting Evolving U.S. Sanctions Requirements, Minimizing Risk of Sanctions
A live 90-minute CLE video webinar with interactive Q&A
This CLE course will guide counsel on Office of Foreign Assets Control (OFAC) compliance. The panel will discuss the OFAC framework and OFAC's enforcement 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
- 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 has the OFAC framework impacted the compliance landscape?
- What constitutes prohibited "facilitation" of a sanctions transaction?
- What steps should companies take to ensure sanctions compliance? What are the steps to minimize potential exposure if violations occur?
Faculty
Peter E. Jeydel
Partner, Sanctions & Trade Controls Group Leader
Troutman Pepper Locke
Mr. Jeydel helps clients navigate today’s increasingly complex regulatory and enforcement environment at the... | Read More
Mr. Jeydel helps clients navigate today’s increasingly complex regulatory and enforcement environment at the intersection of national security, international trade, finance, and technology. He has deep experience in export controls, economic sanctions, and related areas. Mr. Jeydel’s practice includes regulatory counseling, compliance program development and enhancement, assistance with M&A and other complex transactions, responding to government inquiries, conducting internal investigations, advising on voluntary self-disclosures, and providing robust representation in civil and criminal enforcement actions. For example, he assists with obtaining authorizations for otherwise restricted trade and investment transactions, foreign national employees with access to export-controlled technology, and other common requirements. He advises on risk assessments, know-your-customer (KYC) and due diligence best practices, contractual safeguards, jurisdiction and classification determinations for potentially export-controlled products and technologies, and many other practical compliance steps. For non-U.S. companies, Mr. Jeydel offers clear insights on the extraterritorial reach of these U.S. laws, and how they can be enforced abroad. He also assists clients seeking removal from (or concerned about possible designation on) a variety of U.S. government sanctions lists, including the Specially Designated Nationals (SDN) list, the Entity List, and others.
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Will Schisa
Counsel
Davis Polk & Wardwell
Mr. Schisa advises clients on economic sanctions, export controls and AML matters. He counsels clients on the economic... | Read More
Mr. Schisa advises clients on economic sanctions, export controls and AML matters. He counsels clients on the economic sanctions laws and regulations administered by the Treasury Department’s Office of Foreign Assets Control (OFAC). Clients appreciate the extensive experience Mr. Schisa obtained serving for nearly 10 years as an attorney in the Office of the Chief Counsel, Foreign Assets Control, the legal office that supports OFAC. In addition to sanctions, Mr. Schisa advises clients on U.S. anti-money laundering (AML) and export control laws and regulations, and also supports the firm’s practice before the Committee on Foreign Investment in the United States (CFIUS).
CloseEarly Discount (through 07/18/25)