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The New "Framework for OFAC Compliance Commitments": What You Need to Know Webinar

This webinar will focus on newly issued (May 2, 2019) U.S. Treasury’s Office of Foreign Assets Control (OFAC) Framework for OFAC Compliance Commitments:

The Framework was expressly designed to provide “OFAC’s perspective on the essential components of a sanctions compliance program". The document also outlines how these elements will be considered in the event of an enforcement action, and analyzes the root causes of economic sanctions violations that OFAC has identified in its investigative process; hence, it is essential reading for all compliance professionals and its lessons must be incorporated into any effective compliance program. This seminar will cover the Framework itself and the lessons it provides for adapting sanctions compliance policies and procedures, as well as how the Framework should affect sanctions investigations and interactions with OFAC officials as part of the enforcement process.

We will cover the following during the webinar:

  • The nuts and bolts of the Framework
  • The necessary elements of a post-Framework sanctions compliance program
  • Conducting sanctions investigations in light of the Framework
  • Interacting with OFAC in light of the Framework
    • Voluntary Disclosures
    • Settlements
    • Penalties

The webinar will be presented through PowerPoint slides and will include live video and commentary from Timothy P. O’Toole, a member of the law firm of Miller & Chevalier Chartered, in Washington Ranked as one of the nation’s leading international trade lawyers by Legal 500, Tim has defended defendants facing government enforcement actions for over two decades and has focused on defending matters arising under export controls and the sanctions laws. He has vast experience dealing with regulators and enforcement agencies, including the Department of Justice, the Treasury’s Office of Foreign Assets Control (OFAC), the Commerce Department’s Bureau of Industry and Security (BIS), and the State Department’s Directorate of Defense Trade Controls (DDTC), and in providing clients with compliance advice designed to help ensure they never need to defend enforcement actions in the first place.

 

Webinar participants are invited to submit questions during the webinar. The final 30 minutes of the webinar will be allotted to answering attendees’ questions. Each registrant will receive a copy of the presentation, certificate of completion, and access to the webinar recording.

 

Can’t make the live broadcast of this webinar? Don’t worry; you will receive access to the webinar, via recording and PowerPoint presentation.

Multi-viewer discounts available.

 

When

24 Jul 2019 @ 01:00 pm

24 Jul 2019 @ 02:30 pm

Duration: 1 hours, 30 minutes


Where


Organised by

ECTI, Inc.

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