OFAC Enforcement Actions Webinar: Recent Trends and Lessons for Industry
In this webinar, Kirkland partners Sanjay Mullick and Carrie Schroll will provide an overview of key enforcement actions from 2021 and highlight certain takeaways for industry when enacting and maintaining a sanctions compliance program.
In 2021, OFAC issued several key enforcement actions, including involving non-U.S. financial institutions and non-U.S. companies outside the financial industry. These enforcement actions show OFAC’s evolving view of its jurisdiction over non-U.S. entities and its application of sanctions requirements to new industries and sectors. The enforcement actions also highlight OFAC’s expectations for industry when developing and implementing a sanctions compliance program.