U.S. Embargoes and Economic Sanctions from A to Z
Webinar: 1.5 CCS Credits
The United States imposes comprehensive trade embargoes and economic sanctions programs against certain foreign countries, organizations and individuals that are enforced by the Treasury Department’s Office of Foreign Assets Control. The specific prohibitions included in these complex programs vary widely depending on the country, the proposed activity and the individuals involved. U.S. persons, U.S. companies and certain foreign entities often inadvertently run afoul of these restrictions and can face severe criminal, civil and administrative penalties as a result.
This webinar will review OFAC’s current embargo and sanctions programs and provide guidance for implementing effective internal compliance programs.
- Current country restrictions and requirements
- Iranian general license and renewed temporary licenses
- Easing of Cuban sanctions
- Russian sanctions
- Specially Designated Nationals & Foreign Sanctions Evaders lists
- Navigating the OFAC licensing process
- Defining facilitation
- OFAC enforcement and penalty guidelines
- Consequences of noncompliance
- What to do if you suspect or uncover a violation
DONNA L. BADE is a member of Sandler, Travis & Rosenberg, P.A., and manages the firm’s Chicago office. She focuses her practice on import and export trade law, trade regulations and customs law, regulatory law and transportation law.