OFAC/Economic Sanctions Services

OFAC Compliance Programs

  • Compliance program development and implementation

  • Remediation of compliance issues

  • Policies & Procedures

  • Training

  • OFAC technology selection and implementation

  • Risk Assessments

  • Targeted Forensic Reviews

  • Independant Testing

  • Program Audits

We provide advice and guidance on contemplated or prior transactions and business activities, internal compliance programs, and licensing requirements. We also help clients build comprehensive compliance programs or enhance existing programs, as well as design and administer customized training programs for staff in any discipline. We work directly with in-house counsel and key management personnel to understand the organization’s activities and to ensure that its compliance program is comprehensive, without being unnecessarily restrictive.

OFAC Investigations

  • Internal Investigations

  • Identification and remediation of apparent violations

  • Voluntary Self-Disclosures

We have extensive experience in supporting clients through investigations. We conduct carefully-scoped investigations to help our clients identify and remediate issues or apparent violations, and can provide guidance concerning OFAC enforcement proceedings.

OFAC Licensing

  • Guidance on OFAC licensing requirements

  • Specific license applications and license renewals

  • Requests for formal OFAC licensing guidance

  • Monitoring compliance with OFAC license requirements

We guide clients through licensing process, from assessing whether specific activities or transactions require an OFAC license, to submitting license applications, monitoring license compliance, and applying for license renewals.

Due Diligence

  • Sanctions due diligence reviews for high risk transactions

  • Intelligence-based sanctions risk analysis for specific markets or jurisdictions

  • Ongoing screening and monitoring of targets, clients, partners, and other parties for sanctions risk

  • Evaluation of target company’s compliance program

  • Investigation of potential risk and compliance issues

The OFAC regulatory landscape is dynamic and constantly evolving. Our comprehensive reviews ensure that all potential sanctions risks are taken into account during the due diligence stage, and provide our clients with the necessary insights to make informed and calculated decisions regarding risk.