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On November 5th, all remaining U.S. sanctions on Iran that were lifted as part of the Iran nuclear deal will “snap back,” having an immediate impact on global companies that engage in business with or involving Iran. And this is just the beginning: the sweeping sanctions on Russia, for example, are expected to evolve and perhaps intensify in the coming months, affecting companies in the U.S. and around the globe.

Snap It Back, OFAC: What Companies Need to Know About the Reimposition of Iran Sanctions

<a href="https://www.veracast.com/webcasts/mofo/mcle_programs/50141292309.cfm" target="_blank">View the webinar recording</a>.On November 5th, all remaining U.S. sanctions on Iran that were lifted as part of the Iran nuclear deal will “snap back,” having an immediate impact on global companies that engage in business with or involving Iran. And this is just the beginning: the sweeping sanctions on Russia, for example, are expected to evolve and perhaps intensify in the coming months, affecting companies in the U.S. and around the globe.In this rapidly changing climate, global corporations face greater risks than ever before, given their worldwide supply and distribution networks, the scrutiny of their international financial transactions, and the sanctions evasion schemes frequently targeted at them. Join Global Co-Chair of Morrison & Foerster's National Security Group and former Director of the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), John E. Smith, for an interactive webinar addressing the current regulatory landscape. As a recent top official at OFAC, and the individual responsible for the creation, implementation, and enforcement of all types of U.S. government sanctions, John will offer unparalleled insights to inform how companies should address global risk going forward.News and commentary from John E. Smith related to the Iran sanctions “snap back” include:<ul class="li-margin"><li>MoFo client alert: <a href="/resources/publications/181108-iran-sanctions.html">Iran Sanctions: Snap-Back, Part 2</a></li><li>MoFo client alert: <a href="/resources/publications/180822-re-imposition-iran-sanctions.html">Snapback Begins: Re-Imposition of Iran Sanctions</a></li><li>John explains how the U.S. sanctions on Iran could impact businesses in Asia as well as financial institutions around the world in this interview with BBC World News: <a href="/resources/video-audio/181029-us-sanctions-iran.html">U.S. Sanctions on Iran</a></li><li>John discusses the ramifications of the Iran sanctions “snap back,” including how U.S.-owned or U.S.-controlled subsidiaries will now need to act in order to avoid penalties, in this article in Corporate Counsel: “<a href="http:https://media2.mofo.com/v3/assets/blt5775cc69c999c255/blt9de3ee79d471db12/62731b90deee7329767e7820/181106-iran-sanctions-general-counsel.pdf" target="_blank">New Iran Sanctions Have General Counsel Looking for Safe Path Forward.</a>”</li><li>John outlines the ripple effect the Iran sanctions “snap back” could have as companies around the world will be keenly aware of avoiding enforcement action from the U.S. government in this article in The Wall Street Journal: “<a href="https://www.wsj.com/articles/companies-can-expect-tough-iran-sanctions-enforcement-former-u-s-officials-say-1541185285" target="_blank">Companies Can Expect Tough Iran Sanctions Enforcement, Former U.S. Officials Say</a>.”</li></ul><hr>

The sanctions environment is rapidly changing. What does this mean for you?

Snap It Back, OFAC: What Companies Need to Know About the Reimposition of Iran Sanctions

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John E. Smith

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Snap It Back, OFAC: What Companies Need to Know About the Reimposition of Iran Sanctions - 498957781

Snap It Back, OFAC: What Companies Need to Know About the Reimposition of Iran Sanctions

08 Nov 2018 9:00 PM - 10:00 PM