Understanding OFAC’s 50% Rule and Beneficial Ownership

Description:

The webinar OFAC’s 50% Rule and Beneficial Ownership will provide participants with the knowledge and tools to understand and apply OFAC’s requirements related to the 50% Rule, which may seem straightforward at first, but is actually quite nuanced.

What you will learn:

• Did you know that there’s an SDN program where the 50% Rule doesn’t apply?
• What do you know about Executive Order 13662’s Directive 4’s 33% provision? Does it override the 50% Rule?
• How do we apply the 50% Rule when it comes to the SSI List?
• Does it apply when entities are designated under different directives?
• How can you best situate your organization to contend with the 50% Rule?

We’ll discuss that and much more. Plus, we’ll walk through OFAC’s examples and real-world examples of 50% Rule application.

With additional sanctions against Russia on the horizon, it’s more important than ever that organizations understand the ins and outs of the 50% Rule to ensure both compliance and the ability to transact business that isn’t necessarily prohibited. Join us for a lively discussion about OFAC’s 50% Rule.

During the webinar, participants will have the opportunity to contribute questions online.

Certificate of Attendance:

All active ACSS membership will be able to download the certificate from the Learning Management System (under the achievements tab).