U.S. Sanctions: Regulatory Developments
Navigating the Evolving Compliance Landscape and Analyzing Lessons From Recent Enforcement Actions
Recording of a 90-minute CLE webinar with Q&A
This CLE course will guide counsel on sanctions compliance. The panel will examine the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) Framework one year after its implementation and will discuss recent regulatory developments. The panel will review recent enforcement actions and the lessons from those enforcement decisions. The panel will also provide best practices for sanctions compliance in the evolving landscape.
Outline
- Recent regulatory developments
- A Framework for OFAC Compliance Commitments: The first year
- Recent enforcement
- Lessons learned
- Implications for future enforcement and compliance
- Best practices for developing a risk-based compliance program
Benefits
The panel will review these and other key issues:
- How has the OFAC Framework changed the compliance landscape?
- What lessons can be learned from recent enforcement actions?
- What steps should companies take to ensure sanctions compliance? What steps should be taken to minimize potential exposure if violations occur?
Faculty
Sanjay José Mullick
Partner
Kirkland & Ellis
Mr. Mullick has a broad range of experience providing counsel on export controls administered by the Department of... | Read More
Mr. Mullick has a broad range of experience providing counsel on export controls administered by the Department of Commerce Bureau of Industry and Security (BIS) under the Export Administration Regulations (EAR); the Department of State Directorate of Defense Trade Controls (DDTC) under the International Traffic in Arms Regulations (ITAR); and the Department of Energy’s rules on nuclear exports, as well as economic sanctions administered by the Department of the Treasury Office of Foreign Assets Control (OFAC). He also advises on compliance and enforcement matters concerning the Bureau of Customs and Border Protection (CBP) and foreign trade zones (FTZ). He advises companies, sponsors and investors on export controls and sanctions risk assessment in conjunction with investments, offerings and mergers and acquisitions.
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Anthony Rapa
Partner
Kirkland & Ellis
Mr. Rapa counsels companies, private equity sponsors, and financial institutions worldwide regarding regulatory... | Read More
Mr. Rapa counsels companies, private equity sponsors, and financial institutions worldwide regarding regulatory compliance in the context of cross-border operations and investments. He advises clients regarding matters arising under economic sanctions regulations administered by the U.S. Department of Treasury, Office of Foreign Assets Control (OFAC); the Export Administration Regulations (EAR), administered by the U.S. Department of Commerce, Bureau of Industry and Security (BIS); the International Traffic in Arms Regulations (ITAR), administered by the U.S. Department of State, Directorate of Defense Trade Controls (DDTC); and companion UK and EU regimes.
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Abigail Cotterill
Of Counsel
Kirkland & Ellis
Ms. Cotterill provides legal advice to companies, financial institutions, and private equity sponsors on the regulatory... | Read More
Ms. Cotterill provides legal advice to companies, financial institutions, and private equity sponsors on the regulatory and other risks of operating or investing across international borders. She focuses her practice on international trade and anticorruption compliance and investigations. She has broad experience on matters involving the economic sanctions administered by the U.S. Department of the Treasury Office of Foreign Assets Control (OFAC); the export controls administered under the Export Administration Regulations (EAR) of the U.S. Department of Commerce Bureau of Industry and Security (BIS) and the International Traffic in Arms Regulations (ITAR) of the U.S. Department of State Directorate of Defense Trade Controls (DDTC); and anticorruption compliance counseling in matters involving the Foreign Corrupt Practices Act.
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