Anti-corruption | Anti-Trust and Competition | Broker Dealer Investments | Corporate Compliance | Cuba | Employment Law | Healthcare | Higher Education | Office of Foreign Assets Control (OFAC) | Privacy & Data Protection
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Miami, FL 33130
Office of Foreign Assets Control (OFAC) and Economic Sanctions
The US Department of Treasury’s Office of Foreign Assets Control (OFAC) enforces economic and trade sanctions against foreign regimes, terrorists, narcotics traffickers, and those engaged in activities related to the proliferation of weapons of mass destruction. These laws provide protection to the United States’ national security, foreign policy and overall economy and impose harsh sanctions for those who violate them. Companies and individuals residing in the United States must also be aware of potential compliance risks associated with OFAC sanctions to avoid facing significant penalties for violations.
An effective OFAC and Export Controls compliance program can provide companies with the necessary protection to minimize the risk of violations and avoid costly fines. The attorneys and advisors at MDO Partners have significant experience in developing and managing compliance programs for large public and private companies. We also have experience in advising clients on OFAC regulation and economic sanctions, including those involving China, Cuba, Iran, Nicaragua, Russia and Venezuela. Our firm also provides our clients with preparing relevant compliance policies, delivering training and assisting with general and specific licenses before the U.S. government.