As a follow-up to a previous article, we’ve authored further details about the actions a company should take to respond to a discovered violation of U.S. sanctions. As pointed out in our article, while each enforcement action is different, “a company should consider their response to an OFAC violation an opportunity to attempt to mitigate and shape the outcome. A company’s response to one OFAC violation can have an impact on any future violations.”
The full article, “OFAC Violation Response Checklist,” was published by Lexis Practice Advisor®. This article appeared as part of a series of practice notes for Lexis Practice Advisor®; other articles included: