Regulatory Compliance Association Reviews

U.S. Trade Sanctions: The Latest Developments from Cuba, Russia to Iran and Beyond™

Practice Edge 02

U.S. Trade Sanctions: The Latest Developments from Cuba, Russia to Iran and Beyond™

Date: February 19, 2015
General Session: 12 Noon to 1:30 PM
Location: Webcast (Free)

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This session will provide an in-depth description of U.S. trade sanctions, including the latest sectoral sanctions imposed on Russia, the comprehensive country prohibitions applicable to Iran, Cuba, Sudan, Syria and North Korea, as well as the many list-based U.S. sanctions regulations. The session will address the scope of sanctions, including who they apply to, how to determine whether certain business activity is permissible and whether licensing procedures may be used. The session will also address the latest trends in U.S. sanctions enforcement including a review of the BNP Paribas prosecution and other significant criminal and civil actions that affect financial businesses. The session will also walk through potential red flags in business transactions that may indicate a sanctions issue.

 Students will master the following at the conclusion of this session:

• Differentiate between the scope of different U.S. sanctions programs applicable to different countries
• Assess the types of businesses and persons who must comply with U.S. sanctions
• Apply the U.S. sanctions rules to different business scenarios
• Recognize red flags in business transactions that may suggest a sanctions issue
• Distinguish between the different phases of an OFAC sanctions investigation
• List the potential consequences to a company of a sanctions violation

Session Chairman:
Walter Zebrowski, JD, CPA, Principal, Hedgemony Partners
Chairman, Regulatory Compliance Association

Senior Fellows from Practice:
John D. Buretta, JD, Partner, Cravath, Swaine & Moore
Bruce Paulsen, JD, , Partner, Litigation, Seward & Kissel

Guest Lecturers:

Benjamin Gruenstein, JD, Partner, Litigation, Cravath, Swaine & Moore
Benay L. Josselson, JD, Associate, Litigation, Seward & Kissel
David Brummond, JD, Of Counsel, DLA Piper US, LLP
Salvatore Scotto, Deputy Director of HNAH Global Sanctions, HSBC North American Holdings