Iran and OFAC: Implementing Critical New Risk-Based Compliance Measures & Anticipating Enforcement Action in a Time of Heightened Scrutiny
36th Floor 399 Park Avenue (between 53rd and 54th Streets)
New York, NY
On February 6, 2012, President Obama signed an Executive Order imposing even stricter sanctions on Iranian financial transactions, designed to further isolate Iran and protect the world's financial system from deceptive and risky practices. With these tightened sanctions come increased scrutiny of financial institutions to implement stringent compliance measures or risk severe civil and criminal penalties. This program will walk you through the current risks and provide practical guidance to comply with new sanctions and anticipate strict enforcement.
Baruch Weiss, Partner, former Assistant General Counsel for Enforcement at the Department of the Treasury where he worked closely with OFAC and extensively on issues of money laundering and terrorist financing.
John Barker, Partner, former Deputy Assistant Secretary for Nonproliferation Controls and former Deputy Assistant Secretary for Export Controls for the US Department of State.