Understanding OFAC’s 50% Rule and Beneficial Ownership
CSS Credits: 1.25
- Benjamin C. Meyer, Senior Associate | KPMG LLP
- Ruben Pagan, Manager, Trade & Customs | KPMG
- Elizabeth Shingler, Senior Manager, Trade & Customs | KPMG
- 09:00 AM – 10:15 AM NYC
- 02:00 PM – 03:15 PM London
- 03:00 PM – 04:15 PM Amsterdam
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).
Benjamin C. Meyer
Manager, Trade & Customs
Senior Manager, Trade & Customs
Elizabeth is also the Trade & Customs knowledge leader in which she monitors and assesses the impact of regulatory changes to help clients assess the potential impact on their businesses.
Alexander Witt CSS
Sanctions & Export Controls Consultant
“I really appreciated the detail and references on the slides, very helpful”.
“Great job. Very informative”.