1.0Customs & International Trade Law Firmhttps://diaztradelaw.comJennifer Diazhttps://diaztradelaw.com/author/jen/rich600338<blockquote class="wp-embedded-content" data-secret="TsaMhuT1Og"><a href="https://diaztradelaw.com/services/exporting/office-of-foreign-assets-control-ofac-sanctions-compliance/">Office of Foreign Assets Control (OFAC) Sanctions Compliance</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://diaztradelaw.com/services/exporting/office-of-foreign-assets-control-ofac-sanctions-compliance/embed/#?secret=TsaMhuT1Og" width="600" height="338" title="“Office of Foreign Assets Control (OFAC) Sanctions Compliance” — Customs & International Trade Law Firm" data-secret="TsaMhuT1Og" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://diaztradelaw.com/wp-includes/js/wp-embed.min.js /* ]]> */ </script> Administered by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), U.S. sanctions laws govern whether international transactions may occur. OFAC administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy, or economy of the United States. Violations of OFAC-administered sanctions carry hefty civil and criminal penalties. Fortunately, there is a lot you can do to be proactive about your sanctions compliance. To ensure compliance with OFAC regulations, businesses should develop and maintain a sanctions compliance plan that is thoughtful, proactive, and well-executed. While having a sanctions compliance plan is not a guarantee that a sanctions violation will not occur, a coherent sanctions compliance program can minimize the risk of non-compliance. Diaz Trade Law’s OFAC-related services include: Developing an effective sanctions compliance program A key foundation of proactive and effective sanctions compliance requires the development of a sanctions compliance plan which establishes a set of procedures for your organization to ensure that everyone is on the same page about how standard processes work, who is responsible for what, how to identify violations, what to do when violations occur, etc. A sanctions compliance plan helps build consciousness in your organization that compliance is critical – both to avoid costly penalties and also to protect national security. Diaz Trade Law helps businesses create […]