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  • US - A framework for OFAC Compliance Commitments OFACs first guidance on sanctions compliance

Author: Adam Lurie

U.S. - A framework for OFAC Compliance Commitments: OFAC’s first guidance on sanctions compliance

The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has published “A Framework for OFAC Compliance Commitments” setting out not only the five essential components of an effective U.S. sanctions compliance program, but also identifying the most prominent “root causes” of recent sanctions violations. Our short animation explores the potential landmines both U.S. and non-U.S. companies should avoid as they seek to navigate the complexities of U.S. sanctions compliance.