OFAC Archives - Federal Lawyer
WSJ logo
Forbes logo
Fox News logo
CNN logo
Bloomberg logo
Los Angeles Times logo
Washington Post logo
The Epoch Times logo
Telemundo logo
New York Times
NY Post logo
NBC logo
Daily Beast logo
USA Today logo
Miami Herald logo
CNBC logo
Dallas News logo
Quick Practice Area Locator

OFAC Compliance in 2024: Who Needs to Comply?

OFAC Compliance in 2024: Who Needs to Comply? The Office of Foreign Assets Control (OFAC) regulates financial transactions between U.S. and foreign parties. While most U.S. bank executives are familiar with OFAC’s requirements, OFAC’s enforcement authority extends far beyond traditional financial institutions operating on domestic soil. Who must comply with...

Read more

What You Need to Know About FINRA and OFAC Enforcement of U.S. Sanctions

Some of the many laws that broker-dealers and their brokerage houses have to comply with are the ones that authorize the President of the United States to impose economic sanctions on America’s foreign enemies and those who threaten the country’s interests and national security. The Office of Foreign Assets Control...

Read more

10 OFAC Sanctions Defense Strategies

Violating Office of Foreign Asset Control (OFAC) sanctions can have significant consequences for both entities and individuals. Not only can sanctions violations lead to OFAC enforcement actions, but they can also trigger criminal prosecution in some cases. As a result, entities and individuals that do business with foreign parties must...

Read more

OFAC Sanctions List – Keys for Getting Removed

Placement on an OFAC sanctions list can have severe consequences. In most cases, this involves being labeled as a specially designated national (SDN). However, while the Office of Foreign Assets Control (OFAC) routinely places individuals and entities on the SDN list, it also regularly removes individuals and entities from the...

Read more

OFAC Risk Assessments and Reviews: OFAC’s Risk Matrix and the Steps for Assessing OFAC Compliance

For financial institutions in the United States of all sizes, complying with the Bank Secrecy Act (BSA) and the various other laws and regulations enforced by the Office of Foreign Assets Control (OFAC) needs to be a priority. Failure to effectively manage OFAC compliance can create substantial legal exposure, and...

Read more

What to Know Before You Hire an OFAC Sanctions Attorney

Violating Office of Foreign Assets Control (OFAC) sanctions can have severe consequences. When prosecuted as a civil offense, OFAC sanction violations can carry fines ranging from tens of thousands to millions of dollars per violation. When prosecuted as a criminal offense, OFAC sanction violations can carry million-dollar fines and up...

Read more

Who Must Comply with OFAC?

The Office of Foreign Assets Control (OFAC) is an agency within the U.S. Treasury Department that is responsible for overseeing cross-border transactions. While not all cross-border transactions have federal legal or regulatory implications, many do—and financial institutions, businesses, and individuals must all take adequate steps to ensure that they do...

Read more

Need an OFAC Compliance Checklist? Look No Further

The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) is tasked with enforcing the economic sanctions that the United States imposes on foreign powers and parties in order to advance American interests abroad and protect national security. Complying with those sanctions is essential, as the penalties for violating...

Read more

Six Keys to Picking a Knowledgeable OFAC Sanctions Defense Lawyer

Hiring a lawyer to handle an investigation by the Office of Foreign Assets Control (OFAC) at the U.S. Department of Treasury is stressful. Worse, company stakeholders often have to make a decision very quickly. OFAC moves fast to plug up holes in the economic sanctions that it enforces on foreign...

Read more

What are the Seven Grounds for OFAC Clearance?

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is responsible for enforcing economic sanctions imposed by the United States on foreign nationals and companies. If you or your company are on OFAC’s list of Specially Designated Nationals (SDNs), other people and corporations will face steep penalties...

Read more

Contact Us Today

I accept the Terms and Conditions.(Required)

Why Clients Trust Oberheiden P.C.

  • 2,000+ Cases Won
  • Available Nights & Weekends
  • Experienced Trial Attorneys
  • Former Department of Justice Trial Attorney
  • Former Federal Prosecutors, U.S. Attorney’s Office
  • Former Agents from FBI, OIG, DEA
  • Serving Clients Nationwide
Email Us 888-680-1745