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OFAC: An overview, purpose and understanding of how sanctions occur and why (6/25/25)

OFAC: An overview, purpose and understanding of how sanctions occur and why (6/25/25)

Library:

Whether you're new to sanctions compliance or seeking a refresher, this session will equip you with the tools to better understand, identify, and manage sanctions risks.

Learning Objectives

After attending this presentation, participants will be able to:

  • Describe OFAC’s role and why sanctions are used as a national security and foreign policy tool
  • Review how different types of sanctions are structured and applied across industries
  • Explain your organization’s legal and compliance obligations in the context of U.S. sanctions
  • Identify practical steps to improve your sanctions screening and risk management programs

Instructor:

Justin Muscolino

Credit Hours:

1.2 CPE/ NASBA

Date and Time: Jun 25, 2025, 12:00 pm EST

Duration:

1 HR

Standard Price:
$299.00
$299.00
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Description
Instructor
Accreditation

This session provides a foundational understanding of U.S. economic sanctions administered by the Office of Foreign Assets Control (OFAC). Participants will learn about the purpose and legal basis of sanctions, how they are implemented, and why they are a critical part of national security and foreign policy. The training will explore the types of sanctions (such as comprehensive, targeted, and sectoral), who must comply, and the key challenges companies face when navigating OFAC regulations. Real-world examples will highlight common pitfalls, red flags, and best practices to help attendees strengthen their internal controls and avoid costly violations.

Topics covered in this session

  • Introduction to OFAC and U.S. Sanctions Framework
  • The Purpose of Sanctions: National Security and Foreign Policy Goals
  • How Sanctions Are Created and Enforced
  • Types of Sanctions and Key Lists (e.g., SDN List)
  • Compliance Expectations and Screening Requirements
  • Recent Enforcement Trends and Real-World Case Examples
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