Trade & Logistics Compliance 2012 - Defending Against an OFAC Investigation

This webinar on Defending Against OFAC Investigations is designed to teach participants to successfully navigate the OFAC enforcement process and reduce any OFAC penalties.

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.