OFAC Sanctions Compliance

OFAC Sanctions Compliance

We advise companies on legal issues arising under U.S. economic sanctions programs, including:

• Sanctions risk assessments
• Transaction-specific sanctions reviews
• Counterparty and beneficial-ownership analysis
• Restricted-party screening guidance
• Blocked and rejected payment advice
• Cross-border payment risk analysis
• OFAC licensing strategy
• Sanctions compliance program development
• Escalation and approval procedures
• Internal investigations
• Potential violations and remediation
• Voluntary self-disclosure strategy
• Responses to bank compliance inquiries

Our attorneys can also help companies evaluate transactions involving jurisdictions and parties subject to comprehensive, sectoral or targeted U.S. sanctions.

Industries We Serve

The program may be appropriate for companies operating in industries such as:

• Manufacturing
• Technology and software
• Artificial intelligence
• Telecommunications
• Aerospace and defense
• Electronics and semiconductors
• Energy and natural resources
• International logistics
• Financial services
• Import and export
• Industrial equipment
• Automotive products
• Chemicals and materials
• Professional services
• International distribution and e-commerce
  
  

Who Should Consider the Program?

The Global Trade Compliance Counsel Program may be appropriate for a company that:

• Regularly conducts business outside the United States
• Exports goods, software, services or technology
• Works with foreign distributors, suppliers or agents
• Receives payments from international customers
• Makes payments through U.S. or foreign banks
• Conducts business involving higher-risk jurisdictions
• Receives frequent sanctions or compliance questions from financial institutions
• Needs recurring transaction reviews
• Does not have dedicated in-house export-control counsel
• Is building or strengthening a trade compliance program
• Needs executive-level compliance oversight on a flexible basis
  
  

Why Friling Law?

Friling Law advises clients operating in complex international markets where U.S. sanctions, export controls, international banking requirements and cross-border regulations affect everyday business decisions.

We provide practical legal guidance designed to help clients:

• Identify sanctions and export-control risks before completing transactions
• Reduce the likelihood of blocked or rejected international payments
• Understand applicable licensing requirements
• Establish defensible compliance procedures
• Strengthen internal documentation and recordkeeping
• Respond to banks and government authorities
• Train employees and management
• Protect international business relationships
• Pursue global opportunities while maintaining compliance with U.S. law

Our objective is not merely to identify legal restrictions. We work with clients to develop commercially practical and legally supportable paths forward.

A Proactive Approach to Trade Compliance

Sanctions and export-control issues are often most difficult and most expensive to address after a transaction has already occurred.

A proactive legal compliance program can help a company:

• Detect risks earlier
• Improve transaction planning
• Reduce avoidable delays
• Demonstrate a commitment to compliance
• Establish clear internal accountability
• Create a consistent record of legal and compliance review
• Respond more effectively if a bank or regulator asks questions

The Global Trade Compliance Counsel Program provides businesses with an ongoing legal resource for navigating these issues as they arise.