Home Forums Coloring Got hit with OFAC sanctions

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    • #645146
      NAZKA
      Participant

      I am in the US and I just found out my business got placed on the OFAC sanctions list. I have no clue why or what this means for my accounts and contracts. My regular lawyer said he does not handle this kind of thing. What type of attorney do I even look for?

    • #645161
      Valdex
      Participant

      Sanctions cases are extremely specialized and most general business lawyers have zero experience dealing with OFAC, the wrong move can freeze your assets for months or worse. A sanctions attorney in the USA who knows how to communicate with the Treasury Department and build a case for removal from the list can be found here https://arkadybukhlawfirm.com/practice-areas/sanctions-law/ofac-sanctions/ . Do not try to move money around or hide accounts right now, that turns a legal headache into a criminal one overnight.

    • #645167
      Antagonist
      Participant

      Check whether your bank has already frozen any accounts, and request a written explanation from them if they have. That letter becomes part of the record your lawyer can use to challenge the action, so do not delete it.

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