Barnes Richardson Associate Hosts Event With OFAC Speaker
January 6, 2011
On December 15, 2010, Helena Sullivan, Barnes Richardson associate and Chair of the New York City Bar Association International Trade Committee, hosted a Committee event at which the speaker was Sean Thornton, General Counsel for the Department of the Treasury, Office of Foreign Assets Control (OFAC). OFAC administers and enforces sanctions based on U.S. foreign policy and national security goals against targeted foreign states, organizations, and individuals. Mr. Thornton discussed the Comprehensive Iran Sanction, Accountability, and Divestment Act of 2010 (CISADA), which expands many existing restrictions on Iran and includes many new provisions designed to reach foreign firms currently doing business with Iran. Mr. Thornton also discussed other recent developments in OFAC’s regulations and policy and took audience questions on specific issues.