OFAC Fall Symposium 2019

Updated: Dec 4, 2019

The Office of Foreign Assets Control (OFAC), an agency of the U.S. Department of the Treasury, which administers and enforces economic and trade sanctions, holds a full-day symposium nearly every year in the fall at the Walter E. Washington Convention Center in Washington, D.C. This event is free to attend, but advanced registration is required as there is limited seating. I have attended the symposium three times and have always found it to be informative and worthwhile. This year it will take place on November 12, 2019, starting at 9:00am.

The symposium usually starts off with an introduction from the Secretary of the Treasury and covers a comprehensive overview of current U.S. economic sanctions. It includes formal presentations on OFAC regulations by key OFAC personnel, as well as more targeted reviews of sanctions concerns for new and updated programs administered by OFAC. In addition, OFAC staff are available throughout the day to answer individual questions from participants, providing compliance and sanctions officers an opportunity to seek guidance on thorny sanctions issues.

The agenda is typically provided on the day of the event. I would expect that OFAC's Framework for OFAC Compliance Commitments, released in May, will be covered at the symposium, along with heightened sanctions targeting Venezuela and the Maduro regime, as well as increased Iran sanctions, among other recent actions taken by OFAC this past year.

To register for the event, click here: https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20190814.aspx

#OFAC #sanctions #compliance #regulations #trade

34 views0 comments

©2019 by Compliance Notes. Proudly created with Wix.com