Former OFAC Official and Sanctions Expert Joins Ferrari & Associates

Former OFAC Official and Sanctions Expert Joins Ferrari & Associates Further Enhancing the Firm's Sanctions Enforcement, Investigations, and Compliance Practices

5/15/2019

Press Release

WASHINGTON, D.C. (May 15, 2019) – Ferrari & Associates, a leading U.S. sanctions law firm, is excited to announce that Jeremy Paner has joined the Firm as Counsel. Mr. Paner served for six years as an official in the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC), where he provided support directly to senior officials on a variety of sanctions related matters. He also adjudicated dozens of petitions from individuals and entities seeking removal from the SDN List. Mr. Paner’s experiences mesh seamlessly with the Firm’s experience in economic sanctions enforcement, compliance, and delisting matters.

Since leaving OFAC, Mr. Paner has worked for a major international consulting company that served as the New York State Department of Financial Services (NYDFS) appointed independent economic sanctions monitor of a major international financial institution. In that role, he assisted in providing remedial enhancements to the bank’s compliance program throughout its worldwide operations. He also worked at a major U.S. law firm where he counseled and represented U.S. and foreign businesses in a wide range of industries on compliance with economic and trade sanctions, anti-money laundering (AML), and export control regimes.

Mr. Paner’s representations include OFAC licensing, compliance, and enforcement matters, as well as OFAC designation and delisting process. Specifically, he has extensive experience in representing clients under investigation by the government and conducting independent internal investigations of potential violations of law and preparing voluntary self-disclosures to OFAC of apparent violations that minimize potential exposure to penalties. He also regularly obtains favorable specific licenses and interpretive guidance from OFAC on complex areas of regulatory compliance. As part of his practice, Mr. Paner also drafts sanctions compliance policies and procedures and provides accompanying employee training.

Mr. Paner is a true expert on OFAC-administered sanctions programs and anti-money laundering topics who has been cited by the Wall Street Journal, Bloomberg, Compliance Week, and ACAMS MoneyLaundering.com for his insights on those topics, and frequently writes on OFAC-related topics. In that regard he greatly adds to the Firm’s thought leadership on U.S. economic sanctions matters.

“Jeremy is an important and valuable addition to our team. He brings with him a wealth of knowledge and experience working on those matters that we handle on a day-to-day basis at the Firm, as he has worked on those types of matters both while at OFAC and for years in private practice,” said Erich Ferrari, the Ferrari & Associates Founder and Principal. “By joining us, Jeremy enhances our unique practice and further bolsters our capabilities to meet the increasingly numerous and complex sanctions regimes that our clients face.”

In private practice, Mr. Paner has represented clients in numerous types of matters including:

  • Successfully advocated OFAC to issue general licenses authorizing continued operations of a major international manufacturing company
  • Conducted sanctions risk exposure assessments for proposed acquisitions of European companies by U.S. entities
  • Advised a European car manufacturer on its operations and subsequent exit from a country under comprehensive U.S. sanctions
  • Ongoing sanctions compliance advice and counsel to major U.S. and foreign entities in a wide variety of industries, including financial, cryptocurrency, asset management, heavy equipment, automotive, mining, media, entertainment, freight forwarding, electronics, food and beverage, communications and internet services, clothing and apparel, and defense

“I am excited to join Erich’s firm and help guide clients through this challenging time. Every aspect of sanctions, from targeting/designations, compliance, and the enforcement of apparent violations is rapidly evolving. This is a team of experts that is uniquely qualified to guide clients through these issues,” explained Mr. Paner.

Mr. Paner becomes the latest former OFAC official to join Ferrari & Associates. The Firm seeks to be a leader in the field of U.S. economic sanctions, and Mr. Paner’s addition to the roster of OFAC lawyers at the Firm deepens its knowledge and experience base and expands the resources available to handle any OFAC compliance, licensing, enforcement, or delisting matter.

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