When most people get a letter from OFAC – the Office of Foreign Asset
Control – they are initially paralyzed with fear and utter an expletive
that sounds a lot like the agency’s acronym. Once this initial reaction
passes, the next thing you need to do is contact a seasoned
criminal defense attorney who has successfully represented clients in OFAC matters. If
you are in Phoenix, Arizona, you need to call Jason Lamm.
WHAT IS OFAC?
The Office of Foreign Asset Control is a unit with the Treasury Department
that oversees economic sanctions and restrictions on various countries
and individuals who are involved in illegal activities. Most often, the
criminal conduct surrounds:
- Drug Trafficking, or
Most commonly, OFAC’s sanctions involve trade restrictions or the
blocking of assets.
INNOCENT PEOPLE ARE SOMETIMES TARGETED
While there is no dispute that OFAC plays a vital role in national security,
there are times that it overreaches and affects innocent people who are
not involved in drug trafficking or terrorism.
For example, there have been many situations where US citizens either have
legitimate business or even family abroad in countries with which the
United States has trade restrictions. Legitimate assets transfers can
be blocked and sometimes seized until it can be proven by the innocent
intended recipient that nothing is a foul.
Another common example occurs when an innocent person has a legitimate
connection with a person or persons who, unbeknownst to them may have
ties to a drug trafficking organization. Because of legitimate transactions
with this person(s) OFAC may take action against the innocent person,
including seizing their assets.
DON’T TALK TO OFAC WITHOUT A PHOENIX CRIMINAL DEFENSE ATTORNEY
OFAC is not your neighborhood police officer conduct a typical investigation
of a white collar crime. Their resources are vast and their investigations
are comprehensive and probing. Even the slightest misstep can have devastating
financial consequences, and in some cases, can result in the filing of
federal criminal charges.
Jason Lamm has successfully defended numerous clients who are the targets
of complex white collar investigations – including OFAC inquiries.
The overwhelming majority of criminal defense attorneys in Phoenix, Arizona
have not even heard of OFAC, let alone have they represented clients who
have been investigated by it.
If you are the target of an OFAC inquiry, let the initial anxiety pass
and contact Jason Lamm to schedule a personal and confidential consultation.
Be sure to bring all materials received from OFAC to make your meeting
as informative and productive as possible. Consultations with Mr. Lamm
can be scheduled by calling (602) 663-9100.