OFAC’s Stated Concern About Foreign Companies and Domestic Sanctions Compliance and Post-Acquisition Compliance (Party IV of IV)
Foreign companies with U.S. operations are struggling to navigate the landscape of sanctions compliance. OFAC has expressed its concern that foreign companies need to deploy U.S. based expertise and resources to ensure compliance with sanctions. OFAC’s concern was expressed in the context of its settlement with Murad LLC, a U.S. cosmetics company. Over an eight-year period ending in 2018, Murad illegally exported goods and services...