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



 On May 2, 2019, the United States Treasury’s Office of Foreign Assets Control (OFAC) issued a 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.  The document 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 U.S. sanctions compliance policies and procedures.  The seminar will also cover how the Framework should affect U.S. 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 U.S. sanctions compliance program
  • Conducting U.S. sanctions investigations in light of the Framework
  • Interacting with OFAC in light of the Framework
    • Voluntary Disclosures
    • Settlements
    • Penalties
 

Who Should Attend:

  • Compliance professionals
  • In-House counsel
  • Outside counsel
  • Anyone else who may need to spot, manage, or conduct an internal investigation into export controls or U.S. sanctions issues.


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 D.C.  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 U.S. sanctions laws.  He has vast experience dealing with U.S. regulators and enforcement agencies, including the U.S. Department of Justice, the U.S. Treasury’s Office of Foreign Assets Control (OFAC), the U.S. Commerce Department’s Bureau of Industry and Security (BIS), and the U.S. 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.

 

Register even if you cannot attend; we will send you access to the webinar recording along with a copy of the presentation!

Speaker and Presenter Information

 

 

Timothy P. O’Toole

Miller & Chevalier

Relevant Government Agencies

Air Force, Army, Navy & Marine Corps, Intelligence Agencies, DOD & Military, Office of the President (includes OMB), Dept of Agriculture, Dept of Commerce, Dept of Education, Dept of Energy, Dept of Health & Human Services, Dept of Homeland Security, Dept of Housing & Urban Development, Dept of the Interior, Dept of Justice, Dept of Labor, Dept of State, Dept of Transportation, Dept of Treasury, Dept of Veterans Affairs, EPA, GSA, USPS, SSA, NASA, Other Federal Agencies, Legislative Agencies (GAO, GPO, LOC, etc.), Judicial Branch Agencies, State Government, County Government, City Government, Municipal Government, CIA, FEMA, Census Bureau, Office of Personnel Management, Coast Guard, National Institutes of Health, FAA, USAID, State & Local Government, National Guard Association, EEOC, Federal Government, FDA, Foreign Governments/Agencies


Event Type
Webcast


This event has no exhibitor/sponsor opportunities


When
Wed, Jul 24, 2019, 1:00pm - 2:30pm ET


Website
Click here to visit event website


Organizer
Export Compliance Training Institute


Contact Event Organizer



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