OFAC Regulations and the Economic Sanctions Compliance Programs: Best Practices Webcast
Date & Time
September 29, 2022 12:00 PM - 1:00 PM
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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has been aggressively enforcing culpable businesses that violate its regulatory policies. As part of these efforts, the framework for OFAC Compliance Commitments was published in May 2019 to define the essential elements of an effective economic sanctions compliance program. Furthermore, stringent enforcement actions continue to take place even amidst the growing implications brought by the pandemic.
Thus, companies doing business internationally should take proactive steps in ensuring up-to-date OFAC and economic sanctions compliance programs to avoid legal liabilities.
Key issues that will be covered in this course are:
- OFAC Regulations and Economic Sanctions Compliance Programs: Trends and Updates
- OFAC Enforcement Priorities
- Essential Tips on Implementing OFAC Compliance Policies and Procedures
- Risk Mitigation Strategies
- Regulatory Outlook