The U.S. Prohibited Party Lists and How to Comply With Them (TRD718A)

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1 CCS/CES

Learn How to Identify Parties on the U.S. Prohibited Party Lists

As an American exporter or importer, you can be prohibited from transactions of any type with various individuals, businesses and groups who constitute the so-called U.S. Prohibited Party Lists. Persons and entities can appear on those lists even though they have no connection with an embargoed country or sanctioned activity. Access and continuous monitoring of these Prohibited Party lists are mandatory for those involved in U.S. foreign trade, and such otherwise banned transactions can incur substantial civil, even criminal penalties.

How to comply with the so-called “personal” embargoes that the U.S. maintains against more than 20,000 persons, organizations and business entities around the world? You will learn that many of these targeted parties are in “friendly” countries such as Canada, Singapore and Israel.

In this webinar, trade attorney Robin Grover will analyze and document the major and minor multiple Prohibited Party lists published and updated by the federal government. Grover will discuss how to identify parties on those lists, when to conduct such searches, and how to document your search results. This session will also offer you a suggested program and sets of best practices to protect your employer and yourself.

This presentation will describe, in plain English, the otherwise fairly complex content of the multiple U.S. Prohibited Party lists, how to plan for alternative and similar names for your overseas trade partners, and how to find the right database that incorporates the most lists of U.S. Prohibited Parties.

You will learn about the major threats to your company associated with transactional and trade embargoes that target single individuals, companies, or organizations. You will also learn how to avoid the pitfalls associated with dealing with a designated party even though the latter is located in a country on good political and economic relations with the U.S. Aside from this, Grover will tell you how to avoid penalties – even if an error occurs by implementing and updating a trade compliance program that effectively addresses Prohibited Parties.

After attending this session, you will be able to adopt and put into effect an advance corporate strategy that can spot the potential threats and possible benefits, and place your company in a far better strategic and financial position.

Session Highlights

This session will cover:

• The concept of country embargoes, lesser sanctions and targeted parties
• The specially designated nationals list – surprises and akas
• The entity list and how parties in countries like Canada, Israel and Singapore got on it
• The Denied Party lists of those who lost the privilege to send or receive U.S. exports
• The Debarred Party lists and what it means for exporters or buyers of U.S. defense articles and defense services
• The Unverified List of specified individuals and entities in even many friendly countries – and how to ensure your shipments to or purchases from those parties satisfy U.S. law
• Penalties and penalty cases involving transactions with those on the U.S. Prohibited Party lists
• Your conduct abroad and how to comport it with the U.S. restrictions on dealings with listed Prohibited Parties

Who Should Attend

• Export Managers
• Import Managers
• Trade compliance professionals on both import and export sides
• Foreign sales or order personnel
• Shipping personnel
• Customs brokers
• Freight forwarders
• Procurement staff in the U.S responsible for acquiring imported products