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In an age of fast-evolving geopolitical relations, security challenges and sanctions policies, the rules of international trade are affecting U.S. and multinational corporations, financial institutions, investors and even governments as never before. The Commerce Department's Bureau of Industry and Security (BIS), the State Department's Directorate of Defense Trade Controls (DDTC), the Treasury Department's Office of Foreign Assets Control (OFAC), and now the Committee on Foreign Investment in the United States (CFIUS) each play an important role in administering and enforcing the intricate web of restrictions governing trade in U.S. products and technologies, the trade-related activities of U.S. parties and the financial transactions that make them possible.
Understanding the potential scope and applicability of these various regulatory programs to global business operations is increasingly important in an era of heightened agency enforcement and enhanced penalties. And a thorough understanding of these various regulatory regimes is an essential foundation for developing an effective global trade compliance program.
Stephen C. Bartenstein of Covington & Burling LLP and Benjamin J. Cote of Pillsbury Winthrop Shaw Pittman LLP will discuss:
- The basic elements of the export control regimes administered by BIS and DDTC (20 minutes)
- The various economic sanctions programs administered by OFAC (25 minutes)
- The expanded role of CFIUS (5 minutes)
- Enforcement trends (10 minutes)
This Briefing is scheduled as a review of the fundamentals before PLI’s more advanced Coping with U.S. Export Controls and Sanctions 2020 program on December 10. Please register for the full-day program and receive this Briefing free as part of your registration. Simply enter discount code OHB0 BEC20 into both priority code boxes in your cart prior to checkout.
Program Level: Basic
Intended Audience: Law firm attorneys, in house counsel, compliance managers, banking industry participants, international trade industry professionals, private equity and hedge fund managers, accounting professionals and policy experts inside or outside of government
Advanced Preparation: None