Think of the investigation as an audit in that they are combing through your records and drawing conclusions to ensure you have been complying with their regulations. Where wrongdoing is found, you could be subject to either civil or criminal penalties, including jail time.
Whether it's your first time ever hearing about the Office of Foreign Assets Control (OFAC) or you had some familiarity with the federal agency, what is important to understand is that you'd better be careful if you want to get through this alone without an experienced advisor.
The information on this page is provided by Deanna Clark, Esq. Deanna is the founder of the Clark-Esposito Law Firm, P.C. with 18 years of legal experience in the areas of US Customs law and imports, OFAC and BIS in relation to exports and logistics matters, and FDA, TTB and DEA law in relation to vapor, tobacco, and hemp products compliance. She is also President Emeritus of the Organization of Women in International Trade – NY and a former Advisory Board Member to the Urban Academy School for Global Commerce in Harlem (NYC).
Prior to starting her own law firm, Deanna headed up the global trade compliance regulatory division of a New York City based 3PL, and worked at a well respected international trade law firm. Deanna and her team help clients streamline their global business operations. They represent clients, both foreign and domestic, on matters from implementing operational solutions to the resolution of imminent problems. In her free time, Deanna enjoys bird watching, taking walks and spending time at the beach.
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