Kenneth Rijock

Kenneth Rijock

Thursday, April 16, 2020

READ LAW REVIEW ARTICLE ON FOREIGN CORPORATIONS EXPOSURE TO OFAC ENFORCEMENT ACTIONS


If you have an interest in OFAC enforcement actions, we recommend The Aggressive Extraterritorial Reach of US  Economic Sanctions: Foreign Company Exposure to OFAC Enforcement, in the April 16, 2020 issue of the National Law Review.

Here is the article outline:

A. Bases for OFAC jurisdiction over foreign parties.
1. US presence, including US financial system.
2. US persons.
3. US goods.
4. US ownership control.
5. Secondary sanctions, (even without a US nexus).

B. Consequences of OFAC sanctions.

C. examples of enforcement actions based upon the conduct of foreign parties.


To access the article, click here.


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