New Portfolio From Bloomberg Law and Ropes & Gray Provides Overview of OFAC and U.S. Sanctions Regime

ARLINGTON, Va. and SAN FRANCISCO, June 29, 2017 /PRNewswire-USNewswire/ -- Bloomberg Law and Ropes & Gray today announced the publication of Sanctions Enforcement and Compliance: A Practitioner's Guide to OFAC, a new portfolio that focuses on the Office of Foreign Asset Control (OFAC) and its associated economic sanctions. The portfolio, which was authored by Ropes & Gray government enforcement counsel Michael Casey and business & securities litigation partner Zachary Brez, also provides an overview and analysis of OFAC's statutory and regulatory underpinning. To download an excerpt of Sanctions Enforcement and Compliance, visit http://on.bna.com/Z5Cj30d7knO.

The portfolio provides a detailed overview of recent sanctions enforcement trends, multi-agency enforcement actions, predictions of future trends in sanctions enforcement, and effective corporate sanctions compliance programs. High-profile enforcement actions and the lessons practitioners should learn from those actions are discussed throughout the portfolio and it features a comparison of U.S. and international sanctions programs.

"The changing nature of sanctions regulations and the U.S. government's increased focus on sanctions enforcement has left many attorneys looking for a concise summary of the OFAC sanctions and clear guidance about how to comply with them," said Casey. "This portfolio provides information that global financial institutions, private equity sponsors, multinational companies — as well as their lawyers — can use to understand the U.S. sanctions regime."

"We are continually expanding practical guidance resources for legal professionals on Bloomberg Law on important compliance issues such as OFAC," Alex Butler, Vice President & General Manager, Corporate, Tech & IP at Bloomberg Law. "Those that have violated OFAC sanctions have been assessed billions of dollars in penalties. Attorneys can rely on resources such as Sanctions Enforcement and Compliance and broader compliance resources and insights provided by our expert journalists, editors and data scientists to help their clients avoid substantial monetary fines as well as potential civil and criminal enforcement actions."

Bloomberg Law portfolios are written by expert practitioners and feature deep-dive analysis and practice tools, such as checklists, sample client letters, forms and other supporting material on a wide range of key legal topics. For information on the full range of banking resources available on Bloomberg Law, visit http://on.bna.com/K84y30d7krg.

About Bloomberg BNA
Bloomberg BNA provides legal, tax and compliance professionals with critical information, practical guidance and workflow solutions. We leverage leading technology and a global network of experts to deliver a unique combination of news and authoritative analysis, comprehensive research solutions, innovative practice tools, and proprietary business data and analytics. Bloomberg BNA is an affiliate of Bloomberg L.P., the global business, financial information and news leader. For more information, visit www.bna.com. 

About Bloomberg Law
Bloomberg Law helps legal professionals provide world-class counsel with access to actionable legal intelligence in a business context. Bloomberg Law delivers a unique combination of practical guidance, comprehensive primary and secondary source material, trusted content from Bloomberg BNA, news, time-saving practice tools, market data and business intelligence. For more information, visit www.bna.com/bloomberglaw.

About Ropes & Gray
Ropes & Gray is one of the world's premier law firms, with more than 1,200 lawyers and legal professionals serving clients in major centers of business, finance, technology and government. The firm has offices in New York, Boston, Washington, D.C., Chicago, San Francisco, Silicon Valley, London, Hong Kong, Shanghai, Tokyo and Seoul, and has consistently been recognized for its leading practices in many areas, including private equity, M&A, finance, investment management, hedge funds, real estate, tax, life sciences, health care, intellectual property, business & securities litigation, government enforcement, privacy & data security and business restructuring.

SOURCE Bloomberg Law; Ropes & Gray

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