Bass, Berry & Sims attorneys Thad McBride and Cheryl Palmeri authored an article outlining steps a company should take to respond to a U.S. sanctions violation. Thad and Cheryl recommend the following actions:

  • Implement immediate remedial actions
  • Decide whether to self-disclose
  • Scope the internal investigation
  • Take corrective action
  • Negotiate with OFAC

The full article, “Responding to an OFAC Violation,” was published by Lexis Practice Advisor® and is available in the PDF below. This article appeared as part of a series of practice notes for Lexis Practice Advisor®; other articles included: