Audio Conferences

  June 20, 2006 at 02:00PM ET

Did you know? OFAC maintains a list of terrorists, drug runners, money launderers, and others identified by the U.S. government with whom no business can be conducted.

Did you know? Accounts payable departments are required to be in compliance with the OFAC rule—and the penalties can be costly—fines can reach $10 million and up to 30 years imprisonment.

You could be breaking the law, and not even know it.

Join IOMA and Balance Consulting for this informative audio conference. Linda Dodd-Major, Esq., will explain in simplest terms the compliance obligations of U.S. entities with payment and other restrictions imposed by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).

In just 90 minutes, you’ll discover:

• Insight into your compliance obligations to OFAC
• Who the compliance requirements apply to
• What steps your AP department must take to comply with OFAC
• How large the list is, how frequently it’s updated, and when your compliance begins
• What to do if you find a match in your file with the OFAC list
• How to maintain effectiveness of your OFAC compliance program

FEATURED FACULTY

Linda Dodd-Major is a Director in Balance Consulting and an attorney providing strategic consulting for U.S. immigration matters relating to business, investment, employment, and training as well as employment eligibility verification (Form I-9) compliance and audit services. Ms. Dodd-Major was nationally known for many years as creator and director of INS Office of Business Liaison, in which capacity she was responsible for developing public information to raise awareness and understanding of laws prohibiting illegal employment and obtaining international services in the U.S. Her expertise involves conversion of complex, interrelated federal laws, regulations, policies, and procedures into information that is comprehensible and usable to lay as well as legal communities.