The objective of this course is to provide the participants with the essential US economic sanctions knowledge and skills that are relevant for business success. By the end of this course, the participants will be able to:

Identify and explain the key concepts and principles of US economic sanctions, such as primary sanctions, secondary sanctions, blocking sanctions, sectoral sanctions, etc.
Apply the US economic sanctions way of thinking to analyze the behavior and decisions of the US government and the Office of Foreign Assets Control (OFAC)
Understand the different types of US economic sanctions programs, such as country-based sanctions, list-based sanctions, issue-based sanctions, etc., and their scope and impact
Recognize the role and impact of US economic sanctions on business functions, such as strategy, marketing, finance, human resources, etc.
Evaluate the benefits and costs of various US economic sanctions compliance strategies, such as due diligence, screening, licensing, reporting, auditing, etc., for business

This course is designed for professionals who want to learn or refresh their knowledge of US economic sanctions and their relevance to business. It is suitable for anyone who works in or interacts with the international business sector, such as managers, entrepreneurs, consultants, analysts, bankers, investors, etc.

Taking this course will help the participants to:

Develop a solid foundation and understanding of US economic sanctions and their importance for business
Enhance their critical thinking and problem-solving skills
Improve their decision-making and strategic planning abilities
Increase their awareness and appreciation of the US economic sanctions environment and its challenges and opportunities for business
Develop their confidence and competence in applying US economic sanctions concepts and tools to real-world business situations

Day One:

Introduction to US Economic Sanctions and Legal Framework

What are US economic sanctions and why are they important for business?
The US economic sanctions problem: foreign policy vs national security vs human rights vs trade
The US economic sanctions way of thinking: deterrence vs coercion vs signaling vs isolation
The legal framework of US economic sanctions: statutes, executive orders, regulations, and guidance
The enforcement of US economic sanctions: penalties, settlements, and prosecutions
Day Two:

US Economic Sanctions Programs: How They Target Different Parties and Issues

What are US economic sanctions programs and how do they target different parties and issues?
The types of US economic sanctions programs: country-based sanctions vs list-based sanctions vs issue-based sanctions
The examples of country-based sanctions: Iran, North Korea, Cuba, Venezuela, etc.
The examples of list-based sanctions: Specially Designated Nationals (SDN) List, Sectoral Sanctions Identifications (SSI) List, Foreign Sanctions Evaders (FSE) List, etc.
The examples of issue-based sanctions: terrorism, narcotics, cyber, human rights, etc.
Day Three:

US Economic Sanctions Compliance: How They Affect Business Operations and Transactions

How do US economic sanctions compliance affect business operations and transactions?
The concept of US economic sanctions compliance: definition, objectives, and features
The types of US economic sanctions compliance: primary compliance vs secondary compliance vs voluntary compliance
The scope and impact of US economic sanctions compliance: jurisdiction, extraterritoriality, facilitation, reexportation, etc.
The challenges and risks of US economic sanctions compliance: complexity, uncertainty, divergence, retaliation, etc.
Day Four:

US Economic Sanctions Compliance Strategies: How They Reduce Business Exposure and Liability

What are US economic sanctions compliance strategies and how do they reduce business exposure and liability?
The concept of US economic sanctions compliance strategies: definition, objectives, and features
The types of US economic sanctions compliance strategies: due diligence vs screening vs licensing vs reporting vs auditing vs etc.
The benefits and costs of different types of compliance strategies: effectiveness vs efficiency vs feasibility vs ethics
The best practices and lessons learned from successful compliance strategies: case studies, guidelines, recommendations, etc.
Day Five:

US Economic Sanctions in Practice: How to Apply US Economic Sanctions Concepts and Tools to Business Situations

What are some practical applications of US economic sanctions for business?
How to use US economic sanctions concepts and tools to analyze business problems and scenarios related to US economic sanctions and their implications
How to use US economic sanctions concepts and tools to evaluate business opportunities and threats related to US economic sanctions and their changes
How to use US economic sanctions concepts and tools to design business strategies and plans related to US economic sanctions and their compliance

To enhance learning and practical application of concepts, the training course will use a combination of interactive lectures, case studies, group discussions, practical exercises, and real-world examples. Participants will also get the chance to collaborate on group projects and create action plans adapted to the needs of their respective organizations.