OFAC’s Heightened Enforcement Trends: Practical Compliance Tips and Strategies

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Description

In response to violations committed by U.S. persons as well as foreign organizations, the enforcement efforts of the Department of Treasury's Office of Foreign Assets Control (OFAC) have become more extensive. Some of the most significant OFAC enforcement actions this year include Eagle Shipping and Société Internationale de Télécommunications Aéronautiques (SITA) that were both assessed over $1 million civil penalties for their violations.

As the pace of OFAC’s enforcement actions continues to increase, stiffer probes and compliance requirements are expected to bring a complex and challenging landscape. Therefore, companies and their counsel must have comprehensive and up-to-date sanctions compliance programs to ensure maximum regulatory compliance and risk management.

In this LIVE Webcast, international trade compliance experts Samantha Sewall (Gibson, Dunn & Crutcher LLP) and Glen Lindsay (Saavedra Goodwin) will provide an in-depth discussion of recent OFAC enforcement trends. Speakers will also provide the best compliance practices and effective strategies in addressing sanctions risks.

Some of the major topics that will be covered in this course are:

  • OFAC’s Recent Enforcement Actions – Key Takeaways
  • Regulatory Trends and Developments
  • Common Risks and Pitfalls
  • Compliance Practices and Strategies
  • Outlook