OFAC Enforcement Actions: Trends and Analysis
Date: Thursday, June 21, 2018
Time: 12:00 PM – 01:15 PM EST (New York),
5:00 PM – 6:15 PM GMT (London), 6:00 PM – 7:15 PM CET (Amsterdam)
In its role as the U.S. sanctions enforcer, the Treasury’s Office of Foreign Assets Control (OFAC) has recently doled out a number of hefty fines for sanctions violations. In 2017 alone, OFAC imposed a fine of $2 million against ExxonMobil for violating Ukraine-Related Sanctions, as well as a $12 million fine against CSE Global Limited and CSE TransTel Pte Ltd, and a whopping $1.2 billion against ZTE Corporation for violation of the Iranian Transactions and Sanctions Regulations.
In this SanctionsAlert.com webinar, our expert speaker will discuss the recent trends in OFAC penalties, analyze specific cases that display these trends, and explain how your company can keep up to date with OFAC’s enforcement strategies.
You will learn:
- Which companies have been subject to OFAC penalties for sanctions-related violations;
- Trends in the size of penalties or settlements for sanctions-related violations;
- Discussions of how specific cases reflect OFAC’s enforcement strategies; and
- Insights into how OFAC’s enforcement strategies may have changed during the Trump Administration as compared to the Bush and Obama Administrations.
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Certificate of Attendance
If you participate in the live webinar, you will receive a Certificate of Attendance, which you can use to show you meet your government-required training duties.
Bryan Early, Ph.D.
Political Science Department, University at Albany
EBryan R. Early is an Associate Professor in the Political Science Department at the Rockefeller College of Public Affairs & Policy, Director of the Center for Policy Research (CPR), and the founding Director of the Project on International Security, Commerce, and Economic Statecraft (PISCES). He conducts research on topics related to foreign policy, international security, and political violence and is an expert on economic sanctions, strategic trade controls, and the proliferation of nuclear and aerospace technology. His book Busted Sanctions: Explaining Why Economic Sanctions Fail (Stanford University Press, 2015) offers the first comprehensive explanation of the causes and consequences of sanctions busting. Early graduated with his PhD in Political Science from The University of Georgia in 2009 and earned his BA in Politics from Washington and Lee University in 2004. From 2008-2009, he was a research fellow at Harvard University’s Belfer Center for Science and International Affairs. As the Director of PISCES and a principal investigator at the Center for Policy Research, Early has been the recipient of 38 grant awards totaling over $4.6 million since 2011.
SanctionsAlert.com typically requests CAMS (Certified Anti-Money Laundering Specialist – ACAMS) and CAFP (Certified Anti-Money Laundering and Fraud Professional -ICB) credits for its live webinars. Please send us a message if you wish to confirm which credits have been obtained.
Anna Sayre, Legal Content Writer, SanctionsAlert.com
Bank of America
“Great knowledge from the presenters and the content was relevant”
— José R. Fernandez, Bank of America – Charlotte, NC, USA
“Great coverage of information”
— Cathy Swindell-Smith, Wells Fargo – Charlotte, NC, USA
Axa Equitable Life Insurance Company
“It was very informative. The speakers were clear and the information was disseminated in a clear, concise manner.”
— Nicolette Douglas, Axa Equitable Life Insurance Company – New York, NY, USA
“The content was excellent and easy to understand. The presenters did a great job!”
— Susan Wilson, RBC – Toronto, Canada
“Both speakers were exceptionally knowledgeable and provided practical information regarding the sanctions changes”
— Adam Hermes, Comerico Bank – Livonia, USA