Many compliance officers are "totally in the dark" about rules set by the Treasury Department's Office of Foreign Asset Control, a situation that puts their banks' bottom lines at risk, according to Gene Elerding.

Mr. Elerding, a partner with the law firm of Manatt, Phelps, and Phillips in Los Angeles, hopes to shed some light on these guidelines during the American Bankers Association's National Compliance Conference, which runs June 2-5 in New Orleans.

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