OFAC Sanctions and Corporate Compliance: Mitigating Risks, Optimizing Opportunities
2017 has been the height of economic sanctions for the U.S. given its recent international developments. The new released sanctions from the Office of Foreign Asset Control (OFAC) against Russia and strengthened sanctions for North Korea and Cuba, included bold assertions of the positive effects it will have on national security. Hence, noncompliance with these rules and regulations, bring the possibility of unintended consequences for business interests and damaging economic relationships with foreign nations.
Listen as a panel of distinguished sanctions professionals organized by The Knowledge Group provide the audience with the latest and emerging issues about the new OFAC Sanctions and its effect on corporate compliance. Speakers, among other things, will analyze how to mitigate possible risks as well as the opportunities it might have on firms and companies.
Key issues that will be covered in this course are:
- OFAC’s Extraterritorial Reach: An Overview
- OFAC’s Functions and Structure
- Civil Penalties and Enforcement
- Risks and Pitfalls
- Best Compliance Practices
- Regulatory Issues and Best Practices
Bradley L. Henry, Member
Breeding Henry Baysan PC
- Iran sanctions complexities
- Screening challenges and the 50% Rule
- Esport control and sanctions prosecutions generally
Gregory Biniowsky, Consultant
- Related issues, theme of doing business with Cuba
- General do’s and don’ts of doing business in Cuba.
- US companies that are exploring opportunities without (according to their US attorneys) violating any US lawyers (of course, I could not mention the names of the companies).
- Legal blocking orders in Canada and other countries, which have been passed to prevent the extraterritorial reach of US sanctions to third countries, with regards to Cuba.
Aliette D. Rodz, Partner
Shutts & Bowen LLP
- he Cuba Embargo – A General Overview
- Trump Era Modifications to the Cuba Embargo
- Prohibited Entities and Transactions
- Licensure – A Key Component to Success in Cuba Investment and Trade
- Operational Considerations
Mr. Henry, a board certified criminal trial specialist, advises global financial institutions, multinational companies, boards, committees, directors, officers, executives and employees in criminal and regulatory investigations by the Department of Justice, Securities and Exchange Commission, Commodity Futures Trading Commission, Department of the Treasury, FINRA and State Attorneys General. He has experience in matters involving securities and commodities regulation, the Foreign Corrupt Practices Act, economic sanctions compliance, and anti-money laundering.
Mr. Henry is a Board Certified Criminal Trial Attorney recognized by the National Board of Trial Advocacy. The Wall Street Journal has cited Mr. Henry in multiple white collar investigations. Mr. Henry is also recognized by Martindale-Hubbell as AV rated by his peers for his legal skill and ethical standards, and by SuperLawyers in white collar crime in the New York Metro and Mid-South regions.
In July 2015, Mr. Henry successfully appealed a federal criminal conviction to the United States Supreme Court as lead counsel. The Supreme Court granted Certiorari, vacated the judgment and remanded the case to the Sixth Circuit for further proceedings.
Mr. Henry has represented corporate and individual clients in matters involving bank fraud, economic sanctions, tax evasion, securities fraud, embezzlement, RICO, mortgage fraud, insider trading, theft of trade secrets, bribery, wire fraud, mail fraud, and immigration fraud.
Mr. Henry, a board certified criminal trial specialist, advises global financial institutions, multinational companies, boards, committees, directors, officers, executives and …
Gregory Biniowsky is a Canadian lawyer and political scientist who has been living and working in Cuba for the past 20 years.
Presently, Gregory is the Havana-based business consultant for Gowling WLG. He has experience in providing strategic advice to companies assessing potential ventures in Cuba, assisting clients in navigating the complexities of the Cuban legal, political and economic systems, and has assisted in the negotiation of investment projects in Cuba on behalf of foreign investors.
Gregory's professional work in Cuba has also included working as a consultant for Canadian and European business ventures, a consultant for the United Nations development program in Cuba, a consultant overseeing development funds of the Canadian International Development Agency, and as a locally based consultant for the Canadian Embassy in Havana.
Gregory Biniowsky is a Canadian lawyer and political scientist who has been living and working in Cuba for the past …
Aliette DelPozo Rodz is a partner in the Miami office of Shutts & Bowen LLP, where she is a member of the Business Litigation Group and Chair of the Cuba Task Force and the firm's Diversity Committee. She is Chair of the firm's Focus on Women Group. Aliette serves as lead trial counsel for companies involved in disputes in state and federal courts, in arbitration and before administrative agencies. She handles all aspects of litigation including preliminary and permanent injunction hearings, evidentiary hearings, bench trials, arbitrations and jury trials.
Aliette has been recognized by South Florida Business Leaders, is a recipient of the In the Company of Women Government & Law Award, the Women Extraordinaire award and a finalist of Businesswomen of the Year, and has received recognition from Outstanding Lawyers of Miami-Dade County.Aliette has built a reputation as a tenacious commercial litigator who advocates for U.S. and foreign companies, institutions in national and international disputes, and individuals in court or through alternative resolutions.
Aliette has experience litigating across numerous industries, including real estate, banking, creditors' rights, election litigation, construction, insurance, gaming, professional services and aviation. She has represented oil companies, banks, casinos, funds, hospitals, large land proprietors and developers in complex business disputes, commercial and residential foreclosures, bank and creditors' rights litigation, insurance litigation, consumer credit, contract disputes, ERISA, landlord-tenant litigation, libel, negligence, and personal injury.
She also represents international businesses with claims in the U.S. as well as American clients with claims abroad. She has handled all forms of international discovery and Hague Convention procedures, and has worked on International Chamber of Commerce (ICC) arbitrations. Aliette is a member of the Cuban-American Bar Association, heads the firm's Cuba Task Force and regularly assists clients with their business prospects in Cuba based on the changes in U.S./Cuba regulations.
Outside of her practice, Aliette is dedicated to supporting women in business and numerous nonprofit organizations. She is the Chair and one of the pioneers of the firm's Focus on Women Group and is a longtime supporter of The Commonwealth Institute for Women and Casa Valentina, as well as organizations such as Educate Tomorrow, which serves foster youth. She is a board member of the Ladies Empowerment and Action Program, Inc. (L.E.A.P.), a non-profit organization that empowers and educates women to make positive life changes transcending into the business community after prison. She is also on the Executive Leadership Team of the American Heart and Stroke Association and served as Chair of the 11th Judicial Circuit's Florida Bar Grievance Committee. Aliette is also over a decade long board member of the Zoological Society of South Florida for the benefit of ZooMiami.
While at the University of Florida, she was on the executive board of the John Marshall Bar Association and was an active member of the University of Florida's trial team.
Aliette DelPozo Rodz is a partner in the Miami office of Shutts & Bowen LLP, where she is a member …
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Method Of Presentation:
Basic Knowledge of International Law
NY Category of CLE Credit:
Areas of Professional Practice
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About Breeding Henry Baysan PC
HenryBaysan is recognized for their significant experience in all aspects of corporate criminal defense and enforcement-related litigation, including internal investigations, client representation in grand jury investigations, management of parallel criminal and civil proceedings, extraditions and counseling on foreign criminal investigations and advice on voluntary disclosure and compliance issues. They leverage the knowledge and abilities from experienced litigators to develop comprehensive strategies that address all of the legal and factual defenses, as well as the public, media and other collateral consequences, of a case.
HB represents a wide variety of U.S. and international clients on regulatory, civil and criminal matters involving U.S. and European anti-money laundering (AML), FCPA and economic sanctions laws, including those administered by the Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN) and other federal and state regulators. In particular, our proposed team advises multinational companies from all industries, their boards and senior officers, foreign issuers and individuals in all aspects of criminal and complex commercial litigation.
HB’s global resources enable their attorneys to anticipate and respond to parallel investigations and proceedings routinely pursued by federal and state criminal and civil enforcement authorities. The firm defends companies and individuals against allegations in various business contexts and at every stage of the enforcement process, including federal and state grand jury investigations, trials and appeals. We handle investigations and civil and administrative proceedings brought by regulatory bodies such as the DOJ, SEC, CFTC, FINRA, FTC, OFAC, IRS, federal and state banking regulators and state law enforcement agencies throughout the United States. The firm also represents companies and individuals in connection with congressional investigations and inquiries.
About Gowling WLG
Gowling WLG is a global law firm with over 1,400 legal professionals and a range of dedicated support teams across 18 cities in Canada, Asia, the UK, Europe, and the Middle East.
Our clients have access to in-depth expertise and experience in key global sectors, including advanced manufacturing, energy, financial services, infrastructure, life sciences, natural resources, real estate and tech.
In recognition of increased commercial activity and the broadening of trade relations with Cuba, we launched our Cuba initiative in March 2015. In so doing, we became the first and only international law firm to set foot on the island, aiming to advise Canadian and international clients seeking to pursue business and investment opportunities in Cuba. Our team brings a wealth of experience in assisting clients across all industry sectors with their Cuban-related business endeavors.
About Shutts & Bowen LLP
Shutts & Bowen LLP is a full-service law firm with a deep connection to Florida's history, a commitment to excellent service for our clients and community, and a focus on diversity in the workplace. For more than 100 years, Shutts has been opening doors to our business clients across the state with sophisticated, cutting-edge legal skills from Florida's top legal talent.
Our firm employs approximately 290 attorneys who focus on more than 30 distinct practice areas, including litigation, construction, financial services, hospitality, insurance, real estate, taxation and trusts and estates. At Shutts, we are committed to offering sophisticated legal services efficiently and responsively. We work tirelessly with businesses and individual clients, as well as with referring national and international law firms and companies. We always strive to provide the highest degree of professionalism and passion for our work.
Shutts & Bowen's attorneys work in an environment where people are recognized for their value as individuals, giving them the autonomy and freedom to best serve their clients.
Because of our stake in the past, we are poised to become the law firm of the future.