OFAC Russian Sanctions Regulations

The issuance of continuing Executive Orders by the Biden Administration as a result of and in response to the Ukraine war, and as part of its efforts to punish Russia for the invasion of Ukraine, have resulted in wide ranging US and European sanctions against Russia’s economy, government, financial system and exports. In response, Russia has imposed counter sanctions against “unfriendly” countries, which includes the United States and the European Union. The consequences have been far reaching and have had a profound effect on all those who had been doing business in Russia, those with investments in Russian securities and assets; those involved in trade and commerce in the country and in the region; and significantly, the movement of funds to and from and through Russia. 

 

This program will address the wide ranging Russia sanctions imposed both by the US through the US Department of Treasury Office of Foreign Assets Control (OFAC); the sanctions programs issued and being implemented by OFAC and the counter sanctions imposed by Russia; the process for obtaining licenses from OFAC to address and seek relief from the sanctions; and how both the US, EU and Russian sanctions have had a crippling effect on the movement of funds in the region; both transferring funds out of Russia; and moving currency from Russia abroad.

 

Special focus on OFAC processes and the OFAC regulations promulgated under Executive Order 14024.

---

Presenter Bio:
 
An internationally renowned leader in high-profile, cross-border commercial activity, Robert Appleton advises and defends international and U.S. companies, organizations, and individuals in sensitive government investigations, regulatory enforcement actions, and criminal litigation.
 
Robert is known for his skill in assisting clients with complex cross-border international challenges and potential issues with U.S. regulators. These include Foreign Corrupt Practices Act (FCPA), complex international fraud, and anti-money laundering investigations and defense, and in OFAC sanctions, CFIUS, global asset recovery, cryptocurrency fraud and recovery, enhanced due diligence of counterparties, and insider trading matters. His experience extends to deep cross-border due diligence of third parties, securities and financial investigations, and whistleblower cases. Robert has led, supervised, or managed more than 1,000 prominent corruption scandal, complex cross-border fraud, and compliance cases spanning 150 countries successfully retrieving more than one billion dollars in stolen assets for clients. Recently, Robert has focused on helping clients navigate the current complex web of Russian and China sanctions environment. Robert has also assisted Latin America-based financial institutions and asset management organizations in recovering funds in the U.S. and abroad, including in the Lava Jato (“Car Wash”) scandal.
 
With unparalleled and extensive cross-border work, steep experience in OFAC sanctions, FCPA, and AML investigations and defense, and having held senior positions in the U.S. government and the United Nations, Robert maintains strong and effective working relationships with senior government officials at the DOJ, Treasury, and the SEC, Robert solves problems that other lawyers cannot. This experience and his focus on consistently placing clients' goals and needs above all else are invaluable in moving cases forward that might otherwise languish without such an extensive resume. Despite his work's intense nature and complexity, clients praise the ease of working with Robert and his ability to achieve the many successes on their behalf where others may have stumbled.
 
Robert has held many prominent positions in government and international organizations, including serving more than 13 years as a senior U.S. federal prosecutor in the Department of Justice. He twice received the DOJ's prestigious Director's Award during his tenure. He served in leading enforcement, chief compliance, and legal roles in several international organizations and NGOs, including at the United Nations as chief of the first Anti-Corruption Task Force.
 
Robert was also lead prosecutor in the DOJ’s case against Pablo Escobar’s principal money launderer, Jose Stroh, and was appointed special counsel and then lead investigations counsel to former Chairman of the Federal Reserve Paul Volcker's Independent Inquiry Committee Investigation into the Iraqi Oil for Food investigation, where he worked closely with Mr. Volcker and supervised the investigations of Saddam Hussein's corruption of the program. At the Global Fund to Fight AIDS, Tuberculosis and Malaria, Robert served as Director of Financial Investigations and Forensic Audit Deputy Inspector General. In private practice, Robert continues to represent clients in noteworthy national and international cases, investigations, and cross-border matters.