The Treasury Department’s Office of Foreign Assets Control (OFAC) is monitoring and taking action to ensure enforcement of sanctions against Iran, Burma and Syria. Consequently, counsel to U.S. entities doing business in or with those countries must reassess screening and monitoring to ensure compliance.
OFAC keeps a close watch on U.S. companies and has ramped up its enforcement efforts. There are numerous ways in which such companies can run afoul of U.S. laws, and subsequently face steep penalities for noncompliance.
Failure to comply with OFAC regulations is costly, so counsel must stay abreast of the evolving sanctions and adjust compliance programs to ensure OFAC sanctions requirements are met.
Listen as our authoritative panel examines new and current sanctions against doing business in and with companies in Iran, Burma and Syria, how the sanctions programs are evolving, and the impact of recent changes. The panel will offer strategies for OFAC compliance.
You have no pages selected. Please select pages to email then resubmit.