An OFAC Primer

If you haven’t heard of OFAC and don’t know what the SDN list is, your company could find itself facing significant fines. The Office of Foreign Assets Control is... Read more

Be On the Look Out For Government Restrictions

Before you sign up a new international customer, start your due diligence by checking several lists prepared by the U.S. government. The lists, published by the Commerce, Treasury and... Read more

OFAC Violations—and Penalties—in 2016 Already Substantial

Three and a half million dollars—that’s the tally in fines and penalties from just four Office of Foreign Assets Control (OFAC) violations for just the first two months of... Read more

OFAC Issues Amendments to Cuba Sanction Regulations

U.S. companies are now tapping into new, previously prohibited opportunities to sell goods and services to Cuba. That’s why it is critical for AR and credit professionals to stay... Read more

OFAC & SDN List: Cuba Update and Spotlight on Recent Violators

In December 2014, the Obama administration announced a fundamental change in diplomatic and trade relations with Cuba. Many U.S. companies have been chafing to do business in Cuba, watching... Read more

OFAC Compliance Resources

There are a number of providers of compliance software. According to OFAC, buyer beware, not all packages are created equal. Look for compliance software by companies with an understanding... Read more

The Office of Foreign Assets Control and the SDN List

It is illegal for U.S. businesses to trade with certain individuals, organizations and countries, as designated by the United States government. The Department of the Treasury's Office of Foreign... Read more

March of the Penguin

Pororo ‘s near banishment from the United States illustrates the importance of checking government lists like the Office of Foreign Assets Control’s (OFAC) Specially Designated Persons (SDN) list. The... Read more