Managing Imports and Exports

Any U.S. importer or exporter with foreign suppliers or clients needs to ensure it is in compliance with economic sanctions programs administered and enforced—increasingly aggressively—by the Treasury Department’s Office of Foreign Asset Control (OFAC). With OFAC having just released on Sept. 8 its latest “Economic Sanctions Enforcement Guidelines,” now is a good time for trade pros to review and update their OFAC compliance procedures.