Sanctions Compliance Think Tank

On May 2, 2019 OFAC published a Framework for OFAC Compliance Commitments, the agency’s first ever guidance that stipulates five essential elements of a company’s economic sanctions compliance program (SCP). The guidance requires organizations subject to US jurisdictions and foreign entities under US law to implement and continuously assess, via a risk-based approach, their SCP.

What does this mean for a company’s existing compliance program? What will OFAC enforcement look like? How are the penalties determined in the event of insufficient compliance?

ACI’s NEW one-day Sanctions Compliance Think Tank has been specifically designed to discuss these questions during in-house expert-led sessions on topics including:

• OFAC Guidance: Lessons Learned from Recent Enforcement Actions
• Managing Your Risk Profile: Potential Sanctions Landmines to Watch Closely and Address Proactively in Iran, Russia, Venezuela and Cuba
• Sanctions Training Programs: Duration, Frequency, Breadth and Content
• Focus on Audits: A More Nuanced Approach for Auditing & Testing Your Compliance Program
• Culture of Compliance: Proven Techniques to Win Senior Management Buy-in

This intimate, best-practice focused seminar will gather in-house sanctions compliance professionals to discuss the practical implications of implementing OFAC’s expectations for an SCP.

Join us for this hands-on seminar to solidify your understanding of the guidance and how OFAC is likely to set priorities going forward.

WHAT YOU WILL LEARN

• First-hand insight into what OFAC expects regarding compliance, including the 5 essential components of an SCP
• How your existing compliance program will be impacted and/or might have to be changed in order to remain compliant
• How your economic sanctions peers are implementing changes based on OFAC’s new guidance

CLE and CPE Credits Available