ACSS Editorial Task Force
Seeking Qualified OFAC/Sanctions Officers
Are you a sanctions expert who is passionate about writing?
We are seeking qualified sanctions officers from corporations, government agencies, international organizations, and financial institutions to contribute to ACSS Editorial Taskforce.
Editorial Task Force members are the collective “brain trust” in helping write ACSS editorial content, such as articles for our website –www.sanctionsassociation.org – and our newsletters.
The scope of this volunteer activity is spread throughout the year. The term of service is for one year, potentially renewable. The time commitment is manageable and spread throughout the planning process of our editorial calendar. The Task Force has quarterly conference calls of 60 minutes.
Task Force Qualifications
- Required: Currently a member of ACSS.
- Likes to write!
- Willing to submit one article of approximately 800 words per quarter
- Help recruit other members of the sanctions community to submit articles or for interviews, or “your words” section of our newsletter
Members of Editorial Task Force
|Ramanuj Basu||Senior Manager, Global Sanctions Office||Scotiabank|
|Thomas Nollner||Independent Consultant|
|Scott Nance||Principal||Langley Compliance Consulting|
|Glenda Juliano||Sanctions Program Manager||Raymond James|
|Alex Haines||Barrister||Outer Temple Chambers|
Recent Articles by Editorial Task Force Members
Narrow Humanitarian Exceptions to DPRK Sanctions Assert Grave Impact on Struggling North Korean Population
When it comes to the Democratic Republic of North Korea (DPRK), sanctions against the Asian country are causing challenges not only for sanctions professionals around the world, but also for the average citizen within its borders. Though DPRK is a socialist country where ideally the state provides food, housing, health coverage, education and jobs, because of the effect international sanctions have had on their economy, its citizens struggle to find work and earn enough to put food on the table
Restrictions apply to entities owned 50 percent or more, individually or in aggregate by one or more persons on the SDN or SSI List.
Recent times have seen an uptick in sanctions enforcement actions, placing an onus on many compliance suites and officers to take head and build a robust sanctions compliance program.
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.