OFAC Compliance and Enforcement Forum

Wednesday, April 27 to Thursday, April 28, 2011

Westin Washington DC City Center, Washington, DC

The Treasury Department’s Office of Foreign Assets Control (OFAC) continues to step up enforcement of economic sanctions, increase penalty amounts and impose heightened compliance expectations for banks, insurance carriers, freight forwarders and exporters.

Now with the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 (“CISADA”), recent and pending regulations, and the new EU Regulation, companies operating in the global market face unprecedented compliance risks.

High profile settlements, including Barclays Bank, Credit Suisse, Lloyds TSB, ANZ Bank, Gold & Silver Reserve and DHL, demonstrate the potentially heavy price tag associated with sanctions violations, as well as the government’s resolve to aggressively prosecute OFAC violations. Such enforcement activity will undoubtedly continue into 2011 and underscores the importance of having an effective risk-based sanctions compliance program.

Now in its fourth successful year, American Conference Institute’s National Forum on OFAC Compliance and Enforcement is the premier benchmarking and networking event for sanctions professionals. The 2011 program will be fully updated, featuring a new expert speaker line-up of senior government officials and industry professionals, as well as updated session topics. Take away best practices and valuable speaker-prepared reference materials that you can use for your daily work.

This is the most comprehensive, practical event on how to:

• Manage the practical impact of the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 (“CISADA”) and implementing regulations on US and Non-US entities
• Screen and re-screen your customers and transactions: OFAC and industry guidance on required scope, frequency and resource allocation
• Comply with the Iranian Financial Transaction Regulations, and correspondent banking and due diligence requirements
• Reduce facilitation risks affecting multinational transactions: Case studies on how to identify, assess and minimize the threat of violations
• Conduct due diligence for M & A and underwriting transactions: The complete process from A to Z
• Incorporate tightened EU sanctions into your global compliance strategy: Contrasting EU and OFAC restrictions
• Handle OFAC penalty investigations and subpoena responses: What OFAC expects for “cooperation”
• Tailor contractual clauses to your sanctions risk level: Benchmarking session on effective representations, warranties, exclusion and other key clauses
• Manage effective internal investigations in the US and abroad: Fine tuning your approach to addressing sanctions-specific risks and conflict of laws
• Update your risk profile in response to product and operational changes: Adjusting sanctions compliance policies and procedures to your evolving global business
• Make sense of OFAC penalties and settlements: Mitigating and aggravating factors impacting calculations and credits
• Reconcile Cuba sanctions with Canadian and EU blocking measures: Safeguards to implement for your employees and transactions
• Secure OFAC licenses and advisory opinions: The approvals timeframe and criteria affecting OFAC decision-making

The brochure is currently under development.

Take advantage of our early bird pricing. Based on the past success of this event, seats are expected to sell out. Register now by calling 1-888-224-2480; faxing your registration form to 1-877-927-1563; or emailing CustomerService@AmericanConference.com

For questions regarding the program and speaking opportunities, please contact Adina Schwartz, Industry Manager at a.schwartz@americanconference.com.

For sponsorship opportunities, please contact Wendy Tyler at w.tyler@americanconference.com

For media partnerships, please contact John Stoops at J.Stoops@americanconference.com

Brochure

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Location:
Westin Washington DC City Center
Washington, DC