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Is This Transaction Allowed or Prohibited Under OFAC?

Often complying with OFAC sanctions is anything but clear-cut. In addition, the increasingly aggressive use of sanctions and ever-changing rules and regulations does not make compliance any easier. How many times have you wondered, “Is this transaction prohibited or not?”

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
  • Facilitation
  • China and Russia-related sanctions

Plus, bring any burning questions you may have about OFAC regulations so you can test our experts’ knowledge, too!

Event Registration

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.


Non Members of the Association

You must be a member in order to attend this webinar. To learn about ACSS membership, click here.

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