Within just the first nine weeks of 2014, almost $182 million dollars in penalties have been assessed against companies for OFAC and ITAR export violations.  Within those same nine weeks alone, companies have been ordered to pay the Department of Treasury almost $25 million dollars more than was ordered in all of 2013. Simply put, compliance is critical, and non-compliance is costly!

Don’t miss this update on export enforcement actions stemming from a busy 2013 and start of 2014.
The webinar, hosted by the National Customs Brokers and Forwarders Association of America, Inc. (NCBFAA), will take place tomorrow, April 24, 2014, from 12:00 – 1:30 p.m. (EST).
During this webinar, my colleague Perry Sofferman and I will discuss:
  • What do you have to do (or not do) to get a $20 million dollar ITAR penalty from the DDTC? A review and explanation of the Esterline case.
  • OFAC has already issued $161,898,750 in total penalty amounts through March 6, 2014.  This amount significantly surpasses the total amount of penalties issued in 2013, only $137,075,560!
  • Learn why Ubiquiti Networks, Inc. agreed to a $504,225 settlement with OFAC for apparent violations of the Iranian Transactions and Sanctions Regulations.
  • Learn why Weatherford agreed to a $91,026,450 settlement with OFAC in 2013.
  • We will explore DDTC and OFAC cases to help you determine what preventive actions you must take to help avoid having to write those checks, or perhaps even suffer worse consequences.
  • This webinar is geared towards exporters and forwarders who want to assure they learn the elements of an effective compliance program and stay ahead of the curve.

Last chance to register!  Need another reason to join?  You’ll receive 1.5 CES Credits! NCBFAA members can participate for $50, non-members for $75.

Export Penalties - Webianr Notice - JPG