OFAC Regulations/FCPA

Matters related to the Office of Foreign Assets Control (OFAC), which tend to be complex and require immediate and then long-term assistance. Consequences of allegations of OFAC violations or sanctions may result in serious penalties such as fines and the freezing of assets. Our attorneys can provide the following assistance:

• Defense of U.S. and international clients undergoing OFAC investigations
• Negotiating removal of Specially Designated National (SDN) designations
• Developing OFAC compliance programs for international businesses
• Export control counseling under the Trade Sanctions Reform and Export Enhancement Act
• Assistance in obtaining OFAC licensing for proper transfer of funds for representation, temporary continuation of remainder of business interests or wind down during OFAC sanction period

U.S. sanctions regulations administered by the Office of Foreign Assets Control present a unique set of challenges to U.S. and foreign companies that transact in high-risk areas. To address potential sanctions issues, we regularly advise clients on effective compliance measures that can be developed and implemented depending on the type of business, industry and market in which a company is involved.