Understanding the Impact of OFAC Sanctions Issues Related to China and Hong Kong
As the U.S. -China relationship continues to deteriorate, the United States has stepped up the use of sanctions against Beijing. China’s imposition of a new national security law in Hong Kong has prompted new sanctions against high ranking officials in that territory. To bring clarity on the use of sanctions, Robert Bailey, working in OFAC compliance issues for Wells Fargo Bank, will provide an overview of U.S. Sanctions as well as recent developments pertaining to sanctions and their application.
The presentation will include the following elements:
• Effects and Types of Sanctions
• Primary Sanctions vs. Secondary Sanctions
• Sanctions targeted for China, Hong Kong, Iran and North Korea
• Enforcement – Subsidiary Risk and Supplier Risk
• The Huawei Situation
This event is presented by the Washington State China Relations Fund, which produces educational programs for the Washington State China Relations Council, and open to all.
This webinar will qualify for 1 CLE credit for legal professionals. Legal professionals wishing to obtain credit for attending this event may register and pay the required fee ($50) per instructions below. there is no charge for the event for those not seeking credit, but registration is still required.
Registration for CLE Credit:
Legal Professionals seeking credit for this course are required to pay the course fee of $50. After registering through the link above, please make payment through the following ways:
PayPal
Send the payment via link paypal.me/wscrc
Check Payment
Make Check Payable to: Washington State China Relations Fund
1301 5th Ave, Suite 1500, Seattle, WA 98101
Speaker
Robert Bailey works in OFAC sanctions compliance at Wells Fargo. Before joining the bank, Robert spent seven years at the U.S. State Department in several roles related to economic sanctions, human rights, and Asia policy. Robert holds an M.A. in international affairs from Yale University and a B.A. in International Studies from American University. He speaks advanced Chinese.