The Office of Foreign Assets Control at the U.S. Department of the Treasury implements and enforces economic sanctions and trade embargoes against certain foreign countries, as well as individuals and entities tied to international terrorism, narcotics traffickers and proliferators of weapons of mass destruction. This session is designed to give you basic information about these programs and how to identify red flags which may point to possible sanctions implications of contemplated transactions and activities.

Lorraine Lawlor is the Chief of Compliance Outreach at the Office of Foreign Assets Control at the U.S. Department of the Treasury. A CPA by trade, her primary responsibilities are to ensure that U.S. companies and individuals comply with U.S. economic sanctions imposed against foreign governments and groups of individuals, including terrorists and narcotics traffickers. She has been with OFAC since 1990, before which she was a Revenue Agent with the Internal Revenue Service, auditing primarily corporate tax returns. During her tenure at IRS, she was active in the Revenue Agent training program and ran workshops on small business taxation for the Small Business Administration.