Blog
What are the 7 Sanctioned Countries?
An essential component of conducting international business is accurately identifying the countries that are closed to trade. The Office of Foreign Assets Control (OFAC) plays a key role in maintaining an up-to-date list of countries which are subject to OFAC sanctions. In doing Read more »
Mastering OFAC Regulations: A Comprehensive Guide for Sanctions Lawyers
In an increasingly interconnected world, sanctions law has become an intricate field requiring a depth of knowledge and meticulous attention to detail. At the center of this legal universe is the Office of Foreign Assets Control (OFAC), a pivotal player in implementing and enforc Read more »
Key OFAC Knowledge Every Sanctions Lawyer Should Have
As the Office of Foreign Assets Control (OFAC) becomes more integral to international law and trade, a profound understanding of its regulations and sanctions is crucial for sanctions lawyers. This expertise allows for precise guidance to clients, ensuring compliance and minimizi Read more »
OFAC Basics for Sanctions Attorneys: An In-Depth Guide
Steering through the complex realm of the Office of Foreign Assets Control (OFAC) is a vital endeavor for attorneys specializing in sanctions law. Comprehending the roles, sanctions programs, and regulations formulated by OFAC is essential for proficiently advising clients, espec Read more »
Leveraging OFAC Guidance: A Comprehensive Guide for Sanctions Lawyers
As an OFAC sanctions lawyer, the Office of Foreign Assets Control (OFAC) is a key regulatory agency you must be familiar with. Part of the U.S. Department of the Treasury, the OFAC’s guidance is instrumental in ensuring compliance with U.S. sanctions laws. Understanding and Read more »
AML and OFAC Compliance: A Guide for Financial Institutions
In the world of finance, where every transaction can have global repercussions, adherence to international standards is critically important. Financial institutions face constant challenges: how to avoid risks, protect their operations, and not lose the trust of their clients? Th Read more »
Penalties for OFAC Violations
Economic sanctions are now a fundamental tool of foreign policy and national security for many countries. Sanctions influence the behavior of states, organizations, and individuals that violate international standards. In the United States, the Office of Foreign Assets Control (O Read more »
OFAC: Its Purpose, Sanction Lists, and Licensing
The Office of Foreign Assets Control (OFAC) is the primary regulatory body responsible for the national security of the USA. It implements the country’s foreign policy through the administration of economic and trade sanctions. In the context of growing international econom Read more »
