OFAC Sanctions & Compliance Assistance

OFAC (Office of Foreign Assets Control) administers and enforces economic and trade sanctions against targeted countries, entities, and individuals involved in activities that threaten U.S. national security, foreign policy, or economy. These sanctions are a key part of U.S. foreign policy and are aimed at curbing illegal actions such as terrorism, organized crime, and the proliferation of weapons of mass destruction.

OFAC sanctions programs affect various entities and individuals worldwide, making compliance crucial. Violations can lead to severe penalties, including large fines, asset freezes, and loss of business opportunities. Legal assistance is vital to understanding and navigating these complex regulations.

Trade & Financial Transaction Restrictions
The U.S. has imposed strict sanctions on Cuba, including trade restrictions, limitations on financial transactions, and limitations on access to U.S. goods and services. These sanctions affect businesses, financial institutions, and individuals seeking to engage with Cuba.
Travel Sanctions & Possible Exceptions
OFAC Cuba sanctions also include restrictions on travel. However, exceptions exist for family visits, humanitarian activities, and journalistic activities, provided specific licensing requirements are met. Legal assistance is necessary to ensure compliance with these requirements and to facilitate lawful travel.

General Licenses for Iran Sanctions
OFAC Iran sanctions are broad and include restrictions on most financial transactions with Iranian entities. However, general licenses allow some activities, such as transactions related to humanitarian aid, education, and certain financial activities.

Inheritance Licenses for Iran
Special licenses are available for assets inherited from individuals in Iran. These transactions must be carefully navigated to ensure compliance with U.S. sanctions laws.

Secondary Sanctions & Their Impact
Secondary sanctions against foreign companies doing business with Iranian entities are another aspect of the OFAC Iran sanctions. These sanctions can have wide-reaching effects on international business operations and investments.

Transferring Funds to/from Iran
The legal complexities of transferring money to or from Iran require expertise to ensure compliance with OFAC and FinCEN requirements. Our attorneys provide advice on navigating these regulations.

Sanctions Against North Korea
North Korea faces some of the most stringent sanctions due to its activities related to nuclear weapons development and other security threats. Our attorneys can guide you through the regulatory maze and help ensure compliance with OFAC regulations.

Sanctions Against Russia
The OFAC sanctions against Russia have intensified due to ongoing geopolitical tensions. These sanctions cover asset freezes, trade restrictions, and limitations on U.S. business dealings with Russian individuals and companies.

Sanctions Against Saudi Arabia, Syria, Turkey, Ukraine, and Venezuela
Each of these countries faces unique sanctions, including financial restrictions, trade bans, and travel limitations. For instance, Venezuela trade sanctions focus on curbing the influence of the Venezuelan government, while sanctions against Syria and Turkey may affect U.S.-based business operations.

We assist clients with OFAC compliance by offering in-depth legal guidance on how to adhere to U.S. sanctions. We also provide FinCEN compliance lawyer services to help businesses meet regulatory obligations related to financial crimes and suspicious transactions.

Blocked assets and frozen funds are a common issue for clients facing sanctions. We specialize in navigating the process for releasing blocked funds, ensuring that your financial assets are returned or unblocked following OFAC regulations.

Our firm provides legal assistance in obtaining OFAC licenses for business activities, ensuring compliance with U.S. laws. We also offer services to remove your name from the SDN List, helping individuals and businesses clear their records and regain their freedom to operate globally.