ENHANCE Your Career
PROTECT Your Organization
Promote Your PROFESSIONALISM
ACSS Mission Statement
To advance the professional knowledge, skills and experience of those dedicated to economic and trade sanctions, the development of sound sanctions policies and procedures and compliance with all relevant laws, rules and regulations through networking, information sharing, continuing professional education programs and an elite certification process.
Upcoming Webinars You Should Not Miss
- April 11, 2019
EU Sanctions – Quarterly Update
- May 09, 2019
Creating an OFAC Risk Assessment Any Regulator or Auditor Will Love
Next course starts in April 2019!
OFAC Essentials Certificate Program
In order to meet the need for more in-depth training on OFAC Essentials and mitigate the risk of costly OFAC violations, we have developed an online sanctions training program, which teaches vital OFAC principles and background all OFAC sanctions compliance staff should understand.
Certified Sanctions Specialist Credential
ACSS Certification Program will acknowledge members’ status, qualifications, expertise and credentials in conducting compliance duties, sanctions services, consulting, investigating and other related services. It will provide Certified Members (“Certified Sanctions Specialists – CSS) with a powerful career advantage and their employers and clients the comfort of knowing that the person has met high standards of knowledge and training.
Lessons from the Euroturbine Case: Global Trends and Enhanced Due Diligence Essential to Safeguard Your Business
On February 18, 2019, Euroturbine B.V. (Euroturbine), a Dutch supplier of specialist parts for gas and steam turbines, was fined for the illicit export of so-called ‘dual-use’ items with full knowledge that the items would eventually reach Iran.‘Dual-use’ items are those goods, products or technologies, normally used for civilian purposes but which may have military or Weapons of Mass Destruction related applications. As turbine engines and parts are made of high alloy materials, and can be used to power a number of military vehicles, they are considered ‘dual-use’ for export purposes, and cannot be exported without permission from the Dutch government.
On December 20, 2018, the Office of Foreign Assets Control (OFAC) published a penalty notice and settlement agreement with Zoltek Companies, Inc., a U.S. producer of carbon fiber. OFAC found that Zoltek had violated U.S. sanctions laws due to its Hungarian subsidiary, Zoltek ZRT, having purchased inputs from a Specially Designated National (SDN) in Belarus. Zoltek agreed to pay a substantial fine of $7,772,102 and to implement various measures to ensure it would not commit future violations.
Imposition of economic sanctions by nations worldwide, led by the United States, and Non-Governmental Organizations, such as the United Nations, has grown exponentially in the last decade. This has caused compliance programs to become more challenging, difficult and expensive as they seek ways to stay abreast of fast changing rules, penalties and an environment constantly in flux.
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