OFAC Sanctions on Syria, Iran, Yemen and Burma: Compliance Strategies
The Treasury Department’s Office of Foreign Assets Control is monitoring and taking action to ensure enforcement of sanctions against Syria, Iran, Yemen and Burma. Counsel to U.S. entities must also reassess screening and monitoring to ensure compliance.
OFAC keeps a close watch on U.S. companies and has ramped up its enforcement efforts. Failure to comply with OFAC regulations can be costly. Counsel must stay abreast of the evolving sanctions and adjust compliance programs to ensure OFAC sanctions requirements are met.
Thaddeus R. McBride, Partner at Sheppard, Mullin, Richter & Hampton LLP, among others, will provide guidance for counsel to U.S. companies doing business in or with companies in Syria, Iran, Yemen and Burma. The panel will discuss how to meet the ever-evolving sanctions requirements and ensure effective compliance with the Office of Foreign Assets Control restrictions.
The panel will review these and other key questions:
• What new sanctions have been put in place in response to the situations in Syria, Iran, Yemen and Burma?
• What is the expected impact of recent executive orders and OFAC licenses for U.S. businesses?
• What business activities are permissible in Syria, Iran, Yemen and Burma with private parties and non-state owned entities?
• What steps can companies take to ensure OFAC compliance as sanctions on Syria, Iran, Yemen and Burma evolve?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
To register and learn more about the webinar, click here, or call 1-800-926-7926 ext. 10 (mention code QL1IV1-PZB2ZZ).
Questions? Contact Melissa Shuman at mshuman@sheppardmullin.com or 202-434-5311.