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Sanctions and Trade Embargoes PDF Print
Training ProviderLearn Skills

Assessment

Quizzes & Final Exam
Location learnskills.org Qualification Certificate of Completion
Method Asynchronous Self-paced EligibilityOpen
Cost50 EUREnrol Now  

Learn Skills Online Course

This Course provides a general overview of OFAC sanctions and their key provisions. It is designed to help employees recognize situations presenting a risk of legal violations and deal with them properly. It includes a discussion of OFAC-related developments since the September 11, 2001, terrorist attacks.


The U.S. Government, through the Office of Foreign Assets Control (OFAC) uses economic sanctions and trade embargoes to protect the country's economy and enhance its security. Every U.S. company must comply with all applicable sanction and embargo regulations or the company — and in some cases the individual employees involved — will face substantial criminal and civil penalties.

The topics covered in the Course include —
  • Overview of OFAC regulations
  • Who must comply
  • Key terms
  • Target countries
  • Specially Designated Nationals
  • Reporting and record-keeping requirements
  • Penalties for noncompliance
  • Practical application of OFAC regulations