Ask Me Anything –
Is This Transaction Allowed or Prohibited Under OFAC?
The U.S. Treasury Department defines prohibited transaction as “trade or financial transactions and other dealings in which U.S. persons may not engage unless authorized by OFAC or expressly exempted by statute.” They further state that since the various sanctions programs have different foreign policy and national security goals, the prohibited transactions may vary.
This definition, albeit necessarily broad, illustrates how challenging it can be for a compliance officer to pin down which transactions are allowed.
Join our expert lawyers as they walk you through several scenarios meant to shed light on what is allowed and what is prohibited under OFAC.
Duration: 75 minutes
Speakers: Max Lerner, Global Head of Sanctions Compliance, State Street Bank | Devin Sefton, Senior Associate, Braumiller Law Group
Moderator: Natasha Bright, Reporter, ACSS
Date: Thursday, Oct 15, 2020
Time: 12:00 PM – 01:15 PM EST
05:00 PM – 06:15 PM London
06:00 PM – 07:15 PM Amsterdam
Our experts will test your knowledge on:
- The 50% rule
- General licenses and reporting requirements
- China and Russia-related sanctions
Plus, bring any burning questions you may have about OFAC regulations so you can test our experts’ knowledge, too!
Members of the Association
This webinar is included in your membership and you will be sent login details by email a day before the webinar.
If you would like to register for the webinar in advance, so that it is entered into your calendar.
Sign up today!
Tell your friends, clients, customers and colleagues about it.
ACSS webinars conduct audience polls that will give you vital benchmarking data so you can measure your sanctions compliance against others.
Registered attendees can request a Certiﬁcate of Attendance to demonstrate training to auditors and regulators. For any assistance please