Conference Description:
Why Should You Attend:
The U.S. government takes violations of economic sanctions prohibitions very seriously. Just recently, JP Morgan Chase had to pay $88.3 million to settle allegations that it had violated a number of OFAC administered sanctions prohibitions. This type of penalty is not abnormal as for most sanctions violations OFAC can administered penalties of up to $250,000 USD or twice the value of the transaction, per transaction that violated the sanctions. As there is lack of information publically available many are lost when it comes down to how an OFAC investigation and enforcement action should be handled.
Defending against an investigation from the United States Department of the Treasury Office of Foreign Assets Control (OFAC) can be a stressful process. Careful navigation and understanding of this process is required to shield one’s self or company from massive penalties and reputational risk.
This webinar is designed to teach participants how to successfully navigate the OFAC enforcement process and reduce any OFAC penalties.
Areas Covered in the Seminar:
The Art of the OFAC Voluntary Self-Disclosure: What to do when you have violated U.S. economic sanctions; but OFAC is unaware.
Responding to OFAC Administrative Subpoenas.
What OFAC enforcement officers are really looking for?
Using the OFAC enforcement guidelines to your advantage.
Types of enforcement actions and penalty calculations.
Start Date: 2012-02-28
Last Day: 2012-02-28
Contact Person: Referral
Email: referral@complianceonline.com
Address:
2600 E. Bayshore Road, Palo Alto, California, 94303, United States
Tel: 6506203915
Fax: +1-650-963-2556
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