BRG Assists with OFAC Regarding Designation of Specially Designated National

BRG experts, in conjunction with external counsel, assisted an individual and his related entities negotiate with the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury regarding his designation as a Specially Designated National (SDN). In support of the client’s negotiations with OFAC, BRG’s forensic accounting and investigative teams compiled and reviewed bank account transactions and tested vendor and customer transaction data for five years to validate that no transactions had been conducted with any individual or entity identified by OFAC. Further, BRG identified and vetted related parties; conducted a detail financial statement analysis in support of reported annual revenue and cash balances for selected entities; and, in conjunction with BRG construction professionals, validated the construction costs and sources for funds for a significant commercial real estate property investment.