Riley Trade Law | Economic Sanctions and Embargoes
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Economic Sanctions and Embargoes

OFAC Compliance –

The Office of Foreign Assets Control Regulations (“OFAC”) of the U.S. Department of the Treasury:

The Office of Foreign Assets Control Regulations create requirements that govern all transactions with certain destinations.  From trade embargoes to more targeted limitations, the OFAC regulations are an extensive body of law that can have a significant impact on entities in the U.S. and abroad, including businesses with foreign subsidiaries and branches that may be subject to foreign laws as well.  We help clients to:

  • determine the applicability of the OFAC regulations to particular programs and transactions;
  • determine what licensing may be necessary to conduct such transactions;
  • apply for and obtain license authorizations to conduct activities otherwise prohibited by the OFAC regulations;
  • conduct reviews of mergers and acquisitions to assess potential liability under the OFAC regulations;
  • respond to requests for information from OFAC concerning particular transactions;
  • investigate potential OFAC violations; and
  • submit voluntary disclosures concerning OFAC matters.