Economic Sanctions (OFAC)
Helping companies identify, assess and mitigate risks arising from U.S. economic sanctions (OFAC)
We help companies identify and manage risks arising from U.S. economic sanctions in commercial, financial or any other transactions that may fall within the scope of U.S. regulations.
“Primary” sanctions may apply to transactions with any U.S. nexus. “Secondary” sanctions may apply to dealings with certain actors or in certain sectors, without any U.S. nexus at all.
Our Services
- Sanctions risk assessments for existing and planned transactions.
- Analysis of dealings involving sensitive countries (for example, Iran, Cuba, Venezuela, Russia, Belarus, Syria, North Korea and Burma), sectors or counterparties.
- Screening for exposure to sanctions lists (the SDN List and other restricted party lists).
- Design and updating of internal sanctions compliance policies.
- Guidance on financial transactions with regulatory risk (payments, collections, intermediaries).
- Obtaining licenses or other authorizations where necessary.
- Liaison with U.S. government agencies in investigations of potential violations.
If your company operates internationally, in sensitive sectors or markets, or has any nexus to the United States, specialist guidance on U.S. sanctions and export controls is not optional.