Melissa Proctor will be giving two online webinars on “The ABC’s of Embargoes and Sanctions” for the Export Compliance Training Institute (ECTI) on February 27, 2018 and March 27, 2018 from 1:00 – 2:30pm EST.
The United States currently maintains a complex web of embargoes and economic sanctions programs levied against various countries, entities, and individuals. These programs are constantly evolving as evidenced by the many developments of 2017 impacting Russia, Iran, North Korea, Venezuela, Cuba, and key industry sectors. Despite the complexity of these programs and the fact that they are constantly changing, U.S. companies operating in overseas markets are expected to understand the rules, manage risks, and stay fully compliant. The consequences of non-compliance can be severe, including civil and/or criminal penalties, the suspension of export privileges, increased government scrutiny, and negative publicity.
The webinars will cover each of the current embargo and economic sanctions programs enforced by the Treasury Department’s Office of Foreign Assets Control (OFAC), the Commerce Department’s Bureau of Industry and Security (BIS), and the State Department’s Directorate of Defense Trade Controls (DDTC). Melissa will also offer concrete recommendations and best practices for compliance and for staying abreast of new regulatory and legislative developments as they arise.
Part 1 of the webinar, scheduled for Tuesday, February 27th, will cover the current OFAC embargoes and economic sanctions programs, including:
- Comprehensive Sanctions on Cuba, Iran, North Korea, and Syria
- Targeted Industry Sector Sanctions Against Russia and Venezuela
- The Countering America’s Adversaries Through Sanctions Act (CAATSA)
- Selective Country Sanctions Programs
- The Targeting of Individuals and Entities
- The Lifting of Sanctions on Burma (Myanmar), Cote d’Ivoire, and Sudan
- Recent OFAC Enforcement Cases
Part 2, scheduled for Tuesday, March 27th, will cover:
- Country Restrictions under the Export Administration Regulations
- Who Is in the Driver’s Seat? OFAC or BIS?
- Arms Embargoes under the International Traffic in Arms Regulations
- Recent Enforcement Cases
- Best Practices for Managing Risks and Achieving Compliance
Part 1: February 27, 2018 at 1:00-2:30 PM EST
Part 2: March 27, 2018 at 1:00-2:30 PM EST
Length: 3 hours (Each webinar is 1.5 hours and comprised of 1 hour of commentary and 30 minute Q&A session)
Cost: $295 per person (additional employees from the same company $100 each)