Trade & Logistics Compliance 2012 - Doing Business Despite Embargoes and Sanctions: OFAC Licensing

This OFAC Licensing webinar introduces the licensing programs of the

United States Department of the Treasury’s Office of Foreign Assets Control (OFAC), which authorizes business transactions despite the existence of Embargoes and Sanctions.

Why Should You Attend:

Ever wonder how U.S. persons sell inherited property in Iran? How travel to Cuba by U.S. persons takes place? Or how U.S.-origin medicine makes its way to Sudan?

The answer is OFAC licenses. OFAC offers both general (open-ended) licenses and specific (case by case) licenses to allow for otherwise prohibited transactions to take place. These types of licenses are within the discretion of OFAC to grant or deny and can be applied for by any U.S. person or business.