Peter Kucik, Counsel with Ferrari & Associates, P.C., is a regulatory and sanctions expert, with nearly seven years of experience at the Treasury Department’s Office of Foreign Assets Control (OFAC) and over three years in the private sector. He has appeared on CNBC’s Squawk Box and CNN’s World Business Today and is often solicited for his views and input by The Wall Street Journal, Foreign Policy, Reuters, and Associated Press.
His practice broadly focuses on economic and trade sanctions compliance, litigation, and regulatory matters.
Mr. Kucik has assisted multinational companies doing business in Asia, providing risk assessments, conducting due diligence to ensure compliance with U.S. laws and regulations, and evaluating potential exposure to OFAC’s list of sanctioned Specially Designated Nationals and Blocked Persons (SDN List). He worked closely with three major Asian conglomerates to revise their corporate policies to meet international standards for transparency, anti-corruption and anti-money laundering, and labor rights, as well as formulate effective corporate social responsibility programs. He has also worked to support the administrative process for individuals and entities meeting the standards for removal from the SDN List. Mr. Kucik has written extensively about sanctions and Myanmar (Burma), authoring Difficulties in Easing Sanctions on Myanmar for Columbia University’s School of International and Public Affairs, and co-authoring the U.S. Chamber of Commerce’s report, US–Myanmar Commercial Relations: The Next Phase.
As Senior Sanctions Policy Advisor at OFAC, Mr. Kucik worked with the OFAC Director, Treasury Under Secretary for Terrorism and Financial Intelligence, and senior officials throughout the U.S. Government to develop and implement sanctions policies and establish new regulatory schemes across OFAC programs. He supported all aspects of OFAC’s work to craft new Executive Orders, sanctions regulations, license authorizations, and policy guidance in coordination with the National Security Council, Department of State, and Department of Commerce. Mr. Kucik worked both to strengthen U.S. sanctions measures and to ease them when warranted. He wrote both individual provisions and entire parts of the Code of Federal Regulations implementing sanctions policies, including for Libya and Myanmar, as well as President Obama’s changes to ease restrictions on travel and remittances to Cuba.
Mr. Kucik has also advised and briefed the U.S. Congress on legislation and other sanctions matters, engaged with foreign governments, international organizations, and the United Nations to provide information and technical advice regarding sanctions.
He earned his law degree from William and Mary’s Marshall-Wythe School of Law, and his bachelor’s degree in American Government from the University of Virginia.