During the past year, some of the most sweeping changes in decades have been made to certain sanctions programs that are administered by the US Department of Treasury's Office of Foreign Assets Control (OFAC), including those relating to Cuba, Iran, Russia, and the Crimea.
However, it is critical to properly understand what changes have and have not been made in order to avoid violating OFAC's regulations, for which OFAC can, and often does impose significant penalties.
During this program, our faculty panel will explain how the sanctions operate and will review licensing procedures. Using actual cases and hypothetical scenarios, our faculty will illustrate how economic sanctions would apply to financial institutions, multinational companies, and others. Anyone involved in international trade, finance, or business needs to know about the extensive sanctions enforced by OFAC, how they operate, and how to navigate the process for obtaining licenses.
CLE credit: Please see the event website for detailed CLE credit information.