OFAC Boot Camp

With penalties running into the hundreds of millions for sanctions violations, gain in-depth insights and best practices for reducing growing enforcement risks. Whether you are new to the area or need a comprehensive refresher, this practical course will bring you up to speed on how to reduce the risk of harsh penalties.

Based on extensive research with industry and private practice professionals, the first day of the program takes a deep dive into the country-specific OFAC sanctions and “do’s and don’ts” for Iran, Burma/Myanmar, Syria, Sudan, and Cuba, as well as current EU restrictions:

·         IRAN: Making Sense of New and Complex Iran Sanctions Restrictions Affecting U.S. and Foreign Financial Institutions, Insurers, Petroleum and Other Exporters

·         IRAN SANCTIONS DO’S AND DON’TS- Deciding Whether or NOT to Finance and Process Payments: Key Sanctions Compliance Considerations

·         BURMA/MYANMAR: Doing Business in Burma/Myanmar: What You Can and CANNOT Do Under New, Eased Sanctions Restrictions

·         SYRIA: Complying with Evolving Sanctions against Syria: How to Apply Executive Orders, General Licenses and SDNs to Global Financial, Insurance and Export Transactions

·         CUBA: Demystifying U.S. Sanctions against Cuba amid Conflicting Canadian and EU Blocking Measures: What the Restrictions Mean for Your Employees and Transactions Worldwide

·         SUDAN: Assessing the Risks of Entering South Sudan: The Lengths and Limits of Permitted Activities

·         EU: EU Sanctions and Their Interplay with OFAC: Core Iran, Syria, Sudan, Belarus and Other Restrictions to Incorporate Into Your Global Sanctions Compliance Program

The second day of the program includes an enhanced focus on how sanctions cases are investigated by OFAC and other agencies, and will discuss mitigating and aggravating factors affecting penalty calculations:

·         ANATOMY OF A SANCTIONS ENFORCEMENT CASE: Which Agency Does What, What Triggers Suspicion, and How the Agencies are Investigating U.S. and Foreign Entities

·         The Aftermath of the $619 Million ING Case, and What It Says About Sanctions Penalty Calculations: Mitigating and Aggravating Factors for Financial Institutions, Non-Regulated Entities and Individuals

·         What to Do if You Suspect or Discover a U.S. Sanctions Violation: How to Structure an Internal Investigation to Mitigate Liability Risks and Implement Remedial Measures

This event has sold out in past years, so save your seat early. An early bird rate is available for a very limited time. To register, call 1-888-224-2480 or register seat online.

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