Introduction to U.S. Sanctions and Embargoes

Course Summary:

This awareness-level course equips employees with the information they need to conduct business in compliance with U.S. sanctions regulations. Course content provides a concise overview of DDTC, OFAC, and BIS regulations and a series of real-world scenarios of common situations that illustrate how U.S. sanctions and embargoes regulations affect a variety of activities in an organization and what actions must be taken to ensure compliance with U.S. regulations.

Course Outline:

• Welcome and Introduction

  DDTC Regulations

  Violations and Penalties
  Debarred and Other Ineligible Parties
  Proscribed Countries
  BIS Regulations
  

  OFAC Regulations

  Introduction
  OFAC Regulations
  

  The OFAC 50 Percent Rule

   

• Scenarios Request for Defense Articles by a 126.1 Country
  Notification to DDTC
  Dealing with Embargoed Countries
  What to Do with a Positive Screening Result
  Dealing with Legacy Contracts
  Technical Data Falling Into the Wrong Hands
  Self-Blinding
  Sanctioned Shippers
  Services to a Sanctioned Embassy in the U.S.
  Sale to the Cuban Interests Section of the Swiss Embassy
  Distributors and Sales Territories
  Foreign Subsidiaries Dealing with Iran and Cuba
  Dealing with an MRO Facility
  Dealing with Specially Designated Nationals
  Sharing Information Through Electronic Portals
  Foreign Subsidiary Servicing an Embassy of an Embargoed Country
  

  Blocked Russian Banks

   

• Conclusion