WSBA International Practice Section
2007 Midday CLE Series
SHOW ME THE MONEY: INTERNATIONAL FUNDS TRANSFERS & OFAC EMBARGOES, ANTI-BOYCOTT RULES, AND INTERNATIONAL PAYMENTS
Thursday, March 22, 2007:
- Thomas Taylor—Senior Vice President and Manager, Overseas Banking Division, U.S. Bank
- Nelson Dong—Partner, Dorsey & Whitney LLP
Dear Members and Colleagues: We are pleased to extend to you an invitation to join the International Practice Section for Part I our upcoming “SHOW ME THE MONEY” Midday Speaker Series event, the first within a series.
Date/Time: Thursday, March 22, 2007, 12:00 noon to 1:30 p.m (Doors open at 11:45 a.m). You are welcome to bring a lunch with you.
Topics/Speakers: International Funds Transfers: Trade Payments and Foreign Direct Investment in the Post 9/11 Environment Mr. Taylor will expand on the various traditional methods of making and receiving payments overseas, focusing on pitfalls to avoid as well as conflict resolutions. He will review the changes that are underway in financial institutions as a result of the newly implemented post 9/11 Anti-Money Laundering (AML) legislation, and how these may impact a firm’s ability to operate in the international arena. Thomas L. Taylor – Senior Vice President and Manager, Overseas Banking Division, U.S. Bank, Seattle
OFAC Embargoes, Anti-Boycott Rules and International Payments: A Short Introduction Mr. Dong will explain the Office of Foreign Assets Control’s (OFAC) various national embargoes (e.g., Cuba, Iran, Sudan), investment bans (e.g. Myanmar/Burma); the list of Specially Designated Nationals (SDNs), including terrorists and terrorist-sponsoring organizations; and a review of banking-related rules in the Commerce Department’s anti-boycott regulations covering letters of credit. Nelson G. Dong – Partner, Dorsey & Whitney LLP, Seattle