After months of squabbling, the OFAC
lawyers have each time beat a retreat.
First, an SDN whose property is blocked cuts them off from any business or transactions with the United States and freezes their assets/property in the United States," warned Hal Eren, a former OFAC
official whose Washington-based Eren Law Firm advises individuals and companies on how to deal with countries subject to OFAC
is a boutique law firm in Washington, DC specializing in OFAC
In this two-hour Live Webcast, the Knowledge Group will walk you through the most significant issues which may arise in the context of OFAC
compliance and how to mitigate these risks to avoid sanctions violations and enforcement actions.
Penalties for noncompliance with OFAC
regulations can be severe.
During his 17-year tenure in a senior capacity at OFAC
While the scenarios surrounding the recent OFAC
violation fines have shed new light on the importance of keeping up with OFAC
list changes, ATTUS has been providing businesses with top-quality OFAC
compliance monitoring for many years now," said Bradley Allen, vice president of ATTUS Technologies.
On April 8, 2015, OFAC
designated the CJNG, its close ally the Los Cuinis Drug Trafficking Organization, and their respective leaders and brothers-in-law, Nemesio Oseguera Cervantes (a.
We worked closely with our TSP and others to develop three new people-to-people educational ocean voyages, and were assured that our itineraries met OFAC
guidelines," Road Scholar spokeswoman Stacie Fasola told CubaNews.
This is not the first time that OFAC
has fined a company for doing transactions with Cuba.
Compliance, Automatic Tax Form Collection and 1099/1042 Form Generation Make it Fast and Easy to Send Payments to Businesses or Individuals around the World
Michael Adlem, MENA Fraud Investigation & Dispute Services Leader, EY, says, "The various sanctions programs operated by OFAC
impact the bottom line and future strategic decisions of the MENA region.