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On Demand Webinar

Advanced Tech: Using the Latest Machine Learning and AI for Greater Efficiency in Sanctions Screening



In recent times, OFAC enforcement actions have significantly increased against non-financial institutions, particularly in IT/telecoms. On March 7, 2017, three U.S. regulators – the Department of Treasury’s Office of Foreign Assets Control (OFAC), the Department of Commerce’s Bureau of Industry and Security (BIS), and the Department of Justice (DOJ) – entered into a coordinated settlement with Zhongxing Telecommunications Equipment Corporation (ZTE), in which the company agreed to a record-breaking combined $1.19 billion in civil and criminal penalties for knowingly shipping illegal telecommunications equipment to Iran and North Korea in violation of U.S. sanctions law.

The fines imposed by the regulators represent the largest penalty ever imposed by BIS, and the largest ever imposed by OFAC against a non-financial entity.

This webinar will provide a practical approach as to what a company should do (or should not do) to avoid a fate like that of ZTE and, if penalized, what can be done to regain reputation in your industry and in the eyes of the regulator.

Join this live SanctionsAlert.com course and learn:

  • Details of what happened between 2012 and 2017 when ZTE reached settlement with OFAC;
  • Process of Entity Listing / Temporary General License Process;
  • How to progress from Entity List to Industry Leading;
  • Key challenges for a foreign company complying with U.S. export controls and sanctions laws; and
  • Best practices during a monitor/auditor process after settlement.

Date Aired: 

September 25 2018


75 minutes


Jen McEntire Joe Murray