Economic sanctions are multilateral and ever-changing, making compliance challenging. In the US, the Department of Treasury, Office of Foreign Assets Control (OFAC) administers and enforces a wide range of sanctions programs that affect international trade and transactions. It is vital for anyone doing business outside the US to know how the US Export Controls and re-export Controls affect your transactions. To keep your executives out of harm’s way you need to be up to date on and know the types of power exercised by the US Government. Fines are getting steeper and you need to know the pitfalls where others failed in compliance. If you have subsidiaries overseas, these rules pertain to them and they are subject to ITAR Controls and may not do business with prohibited countries. Major changes are happening in this area as a result of the problems in the Crimea. How will these changes affect you?
This webinar will provide an overview of U.S. sanctions programs, discuss permissible transactions under sanctions regimes, and review some recent settlements of cases involving sanctions violations.
Jon P. Yormick, Managing Attorney, Yormick & Associates
Mr. Yormick is the founder and managing attorney for Yormick & Associates. He represents and advises clients on international trade and transactions, export controls, including Export Administration Regulations, International Traffic in Arms Regulations, Office of Foreign Assets Control sanctions, anti-boycott regulations, deemed exports, voluntary self-disclosures and the Foreign Corrupt Practices Act. He also represents and advises clients on NAFTA and U.S. Customs law matters including fines, penalties and forfeitures, and prior disclosures. In addition, he personally handles and manages all litigation and dispute resolution cases for the firm's clients. Mr. Yormick is a frequent speaker on topics regarding international law, giving presentations on NAFTA, export controls, U.S. Customs regulations and enforcement of judgments in NAFTA jurisdictions.
Besides being admitted to practice and actively represent clients in the District of Columbia, Maryland, Michigan, New York and Ohio, he is admitted in several federal courts and practices before the U.S. Court of International Trade and the U.S. Court of Appeals for the Sixth Circuit, and has represented clients pro hac vice in federal courts in California, Indiana, North Carolina and Texas.
Mr. Yormick is a member of the international law section for several bar associations including DC, Michigan, Cleveland and the American Bar Association, and is also a member of the Customs and International Trade Bar Association and the Greater Cleveland International Lawyers Group. He served as chairman of the Ohio Partnership for Excellence, on the Board of Trustees of the International Trade and Customs Broker Association and the Board of Directors for the German-American Chamber of Commerce of the Midwest (Ohio Chapter). In addition, Yormick & Associates is a sustaining member of the World Trade Center Buffalo Niagara and a past patron sponsor of the World Trade Center Cleveland.
Mr. Yormick received his juris doctor from Case Western Reserve University School of Law in Cleveland, Ohio. He graduated cum laude, Honors in History, from Canisius College in Buffalo, New York. He was inducted into the DiGamma Society of Canisius College for his service and contributions to the college and served as president of the Canisius College Alumni Association, Cleveland Chapter.