If you are reading this, you may be aware of an issue with the Office of Foreign Assets Control (OFAC) and your shipments, or you may already be under investigation. Perhaps you are just concerned about the threat of penalties you could be facing if you are not careful when dealing with OFAC.
Did you know that OFAC penalties could include civil penalties of $250,000 or twice the value of each non-compliant transaction, or up to $1,075,000 per violation. Criminal penalties could include a $50,000 to $10,000,000 fine, or 10-30 years in prison!
Are you tired of wondering if you’re handling the investigation correctly? Worried about who else may be coming after you? Click here to hear more from our Managing Attorney, Deanna, in this helpful video on how to avoid hefty OFAC penalties.
Need help navigating the waters of an OFAC investigation or the threat of one? Click here to contact us for assistance.
Remember, at the Clark-Esposito Law Firm, P.C. we are determined to help you. Have questions? Give our office a call today (917) 546-6997.
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