Day 1 - Tuesday, October 24, 2017

7:45
Registration Begins & Continental Breakfast
8:30
Conference Co-Chairs’ Opening Remarks
8:45

KEYNOTE ROUNDTABLE

State of the Union on the Sanctions Landscape in Canada: How the Evolving Nature of the Canadian Programs and Change in the US is Affecting Industry
9:45

RUSSIA/UKRAINE SANCTIONS

Navigating the Pitfalls when Doing Business in Russia and with Russian Entities
10:45
Networking Break
11:00

NEW! OFAC FOCUS

How to Identify a US Person: Scenarios to Illustrate the Reach and Applicability of OFAC Restrictions to Canadian Industry and Individuals and How to Stay Compliant
12:00

CORPORATE FOCUS

Ensuring Effective Due Diligence: What Agencies Expect You to Do When Seeking Partners Overseas
1:00
Networking Lunch
2:00

INSURANCE FOCUS

Unique Aspects of Sanctions Compliance for the Insurance Industry: Illustrative Screening and Onboarding Scenarios for Canadian Insurers and Reinsurers in Remaining Compliant
2:15
Keynote Address & Q&A
2:45

FOCUS ON IRAN

Focus on Iran: What Can and Cannot Be Done Under Canadian and US Regimes, and How Not to Miss Out on Business Opportunities
3:45
Networking Break
4:00

NEW! ENFORCEMENT FOCUS

Inside Recent US Enforcement Actions: What ZTE and Others Reveal About US Sanctions Enforcement
5:00

FOCUS ON EUROPE

EU Sanctions Update: Latest on European Programs and Enforcement, the Effect of Brexit on Future UK Sanctions, and Why Canadian Companies Need to Pay Attention
6:00
Conference adjourns

Day 2 - Wednesday, October 25, 2017

8:00
Continental Breakfast
8:30
Co-Chairs’ Opening Remarks
8:45

NEW! INTERACTIVE SCENARIOS

“What Would You Do If…” How to Resolve the Most Complex Sanctions Compliance Scenarios
9:45
Other Sanctioned Geographies: Deciphering Key Programs and Developments from Both an OFAC and Canadian Perspective
10:45
Networking Break
11:00

NEW! REGULATION IN CANADA

The Operational Side to Canadian Sanctions Compliance: How to Improve Reporting, Audits and Screening
12:00
Networking Lunch
1:00

REGIONAL ANALYSIS

Focus on the Americas: Dealing with Cuba as a Canadian Company and Key Updates on Venezuela, Counternarcotic/Kingpin Sanctions and Other LatAm Developments of 2017
2:00

NEW! COMPLIANCE FOCUS

How to Integrate Sanctions Compliance with Export Controls and AML Systems: Strategies to Ensure Operational Excellence
3:00
Q & A Panel with Speakers
3:45
Conference Adjourns

Day 1 - Tuesday, October 24, 2017

7:45
Registration Begins & Continental Breakfast
8:30
Conference Co-Chairs’ Opening Remarks

Stephen Alsace
Senior Director, Sanctions
CIBC

Clifford Sosnow
Partner
Fasken, Martineau DuMoulin LLP

8:45

KEYNOTE ROUNDTABLE

State of the Union on the Sanctions Landscape in Canada: How the Evolving Nature of the Canadian Programs and Change in the US is Affecting Industry

Andrew Keller
Partner
Hogan Lovells LLP
Former Deputy Assistant Secretary Bureau of Economic and Business Affairs US Department of State

James Burman
Senior Trade Compliance Specialist, Sanctions and Screening
Pratt & Whitney Canada (Longueil. QC)

Panel Moderator

Maura Rezendes
Senior Counsel
Allen & Overy LLP (Washington, DC)

  • First six months of the Trump Administration: perspectives from Washington on changes in the overall approach on sanctions
  • Cuba: impact of Trump partial rollback of Obama-era sanctions relief, role of OFAC, DOC and State Dept in drafting new regulations
  • Russia: overarching difference in approach between Trump and Obama administrations and the effect on sanctions programs, legislative update on US Senate’s 2017 sanctions bill and next steps companies may face
  • Iran: Trump administration’s approach to sanctions relief under JCPOA, and how Canadian companies can navigate continued discrepancy between regimes
  • Other updates on recent developments re North Korea/China, Venezuela, Sudan and Belarus and why interest in these jurisdictions is back and industry needs to pay attention

9:45

RUSSIA/UKRAINE SANCTIONS

Navigating the Pitfalls when Doing Business in Russia and with Russian Entities

Elliot Burger
Director, Global Compliance, Legal Counsel
ATS Automation Tooling Systems Inc. (Cambridge, ON)

Milos Barutciski
Partner and Co-Head, International Trade and Investment Law
Bennett Jones LLP

Les P. Carnegie
Partner
Latham & Watkins LLP (Washington, DC)

The speakers will illustrate the potential application of Canadian and US sanctions using hypothetical fact situations covering multiple sectors and scenarios. Issues to be considered include:  

  • Due diligence and KYC when doing business with Russia: how much is enough?
  • Designated and prohibited entities: what is the trigger? Control, 50% or something else?
  • Energy sector restrictions: Arctic, offshore and shale
  • Financial sector restrictions: new debt and equity and applying the 30- and 90-day rules
  • The broad scope of asset freezes and transaction prohibitions
  • Russia and the post-Trump sanctions world: what to expect from the US and other countries and too what extent are the US, Canada and EU in sync and challenges and pitfalls of navigating both programs?

10:45
Networking Break
11:00

NEW! OFAC FOCUS

How to Identify a US Person: Scenarios to Illustrate the Reach and Applicability of OFAC Restrictions to Canadian Industry and Individuals and How to Stay Compliant

Khalil N. Maalouf
Counsel
Skadden, Arps, Slate Meagher & Flom LLP (Washington, DC)

Jessica McBroom
Vice President and Compliance Manager
JPMorgan Chase & Co (New York, NY)

Interactive scenarios that illustrate the challenges will be presented nearer to the conference date, but will likely examine and illustrate issues such as:  

  • What is necessary for a US nexus under OFAC rules? Do Commerce Department or other rules differ?
  • Defining the overseas domicile of potential sources sanctions violations (eg. how to determine if an entity is “Crimean” for the purposes of the Russia-related sanctions programs?)
  • Entities that are operating in multiple jurisdictions and foreign subsidiaries of US companies
  • Conflict of law scenarios (Canadian vs. US regime, or foreign sub operating in Russia..is it Russian or US law)
  • Over-reach: is industry being too cautious, and how to be confident that there is no US nexus and go ahead to maximize opportunities?

12:00

CORPORATE FOCUS

Ensuring Effective Due Diligence: What Agencies Expect You to Do When Seeking Partners Overseas

Heather Innes
Counsel
LexSage Professional Corporation (Toronto, ON)
Former Counsel, General Motors

Barbara Linney
Member
Miller & Chevalier Chartered

  • Target individuals and companies: best practices for checking against lists to ensure you minimize sanctions violations risks
  • Focus on product: is it subject to listed controls?
  • Consideration of interplay between export controls and sanctions when conducting due diligence
  • Know your client (KYC) best practices for industry
  • Ensuring you have contracts in place that ensure compliance (eg. End Use Certificates)
  • Practical tips for managing your compliance obligations: robust checklists that can be used across industries that are tailored to Canadian industry and financial services (i.e. including additional OSFI requirements)

1:00
Networking Lunch
2:00

INSURANCE FOCUS

Unique Aspects of Sanctions Compliance for the Insurance Industry: Illustrative Screening and Onboarding Scenarios for Canadian Insurers and Reinsurers in Remaining Compliant

Ilona Niemi
Compliance Director, Canada Compliance
Zurich Canada

Robert Walsh
Deputy Chief Compliance Officer, Chief Financial Crime Officer, Chair of the US Compliance Committee
AXA Group (New York, NY)

  • Increasingly conflicting requirements for multinational companies (allying company group structure with varying sanctions regimes)
  • Increasing extra-territorial reach of the US authorities: impact on Canadian insurance industry
  • Screening and onboarding: how to build in the processes to assure compliance, and how far to go back into the distribution chain
  • Sanctions exclusionary clauses further to AIG fine in the US: how far do insurers need to go? How to ensure acceptance with stakeholders?

2:15
Keynote Address & Q&A

Senior Representative Government of Canada Details to be confirmed, please check back for a special announcement.

2:45

FOCUS ON IRAN

Focus on Iran: What Can and Cannot Be Done Under Canadian and US Regimes, and How Not to Miss Out on Business Opportunities

Brian Cacic
Partner
Baker McKenzie LLP

Carlton Morris
Compliance Officer OFAC
U.S. Department of the Treasury (Washington, DC)

  • Persuading your cautious Canadian bank that what you are doing is permissible
  • Deep dive into opportunities in oil and gas sector for Canadian companies and how to navigate sanctions risks safely
  • Analyzing and minimizing general business risk when engaging in Iran
  • Navigating future commercial risks: will Iran stay open? Do you have the right clauses in your contracts to remain flexible?
  • US General License H: clearing up confusion, and why it’s important not to forget about Canadian sanctions even if you have an OFAC license
  • Even if fully sanctions compliant: managing reputational risk when operating in Iran

3:45
Networking Break
4:00

NEW! ENFORCEMENT FOCUS

Inside Recent US Enforcement Actions: What ZTE and Others Reveal About US Sanctions Enforcement

Brian Egan
Partner
Steptoe & Johnson LLP

Paul Lurie
Vice President; Sanctions Compliance Officer Independent Compliance Risk Management
Citibank, NA
Former Senior Supervisory Sanctions Investigator / Section Chief CT and Africa Programs Designations Units, Office of Foreign Assets Control Department of the Treasury

  • Looking at the recent ZTE enforcement action (March 2017) and its lessons for Canadian industry
  • Analysis of Honda settlement (June 2017) for violations against Cuba sanctions while using ‘unaffiliated’ dealerships in Canada
  • What recent OFAC enforcement actions reveal about enforcement with respect to screening and picking up entities that are less than 50% owned and controlled
  • Changes in sanctions enforcement by the Trump administration: business as usual or a new approach?
  • Discussion of Voluntary Self Disclosures to US Authorities: whether, when, and how to disclose, and how to manage affirmative outreach to OFAC

5:00

FOCUS ON EUROPE

EU Sanctions Update: Latest on European Programs and Enforcement, the Effect of Brexit on Future UK Sanctions, and Why Canadian Companies Need to Pay Attention

Chloe Cina
UK Head of Sanctions
HSBC

Karen A. Walter
Head of Economic Sanctions Unit
Allianz SE (Munich)

  • How sanctions are put in place and administered within the EU and its member states, recent changes and developments, and comparison with the Canada and the US
  • Focus on the enforcement landscape across the EU and what Canadian exporters and financial institutions need to be aware of
  • Focus on European banks and how they implement sanctions compliance programs and lessons to be learned from Canadian industry
  • Brexit: current update on its effect on sanctions, consultations underway on what UK’s sanctions policy will look like, consequences of new UK civil monetary penalties and impact that will have if the Brexit proposals include extending the UK nexus point

6:00
Conference adjourns

Day 2 - Wednesday, October 25, 2017

8:00
Continental Breakfast
8:30
Co-Chairs’ Opening Remarks

Stephen Alsace
Senior Director, Sanctions
CIBC

Selena Hui-Garreaud
Director, Export Controls
Bombardier Aerospace

8:45

NEW! INTERACTIVE SCENARIOS

“What Would You Do If…” How to Resolve the Most Complex Sanctions Compliance Scenarios

Clifford Sosnow
Partner
Fasken, Martineau DuMoulin LLP

Rodney Menas
Global Trade Director
Keysight Technologies (Columbia, MD)

Jeffrey Francis
Assistant General Counsel
Royal Bank of Canada (Toronto, ON)

Jeremy Zucker
Partner
Dechert LLP

Interactive scenarios that illustrate the challenges will be presented nearer to the conference date, but will likely examine and illustrate issues such as:  

  • Ownership issues: how much does an intermediary buy into another party, what constitutes “for the benefit of”?
  • Financing provisions for banks in Russia: regulations that are opaque or hard to understand (eg. equity provisions)
  • How far back do you go before the risk is attenuated
  • The 50% rule in the US and the intersection with differing Canadian rules on ownership and control

9:45
Other Sanctioned Geographies: Deciphering Key Programs and Developments from Both an OFAC and Canadian Perspective

John Boscariol
Partner
McCarthy Tétrault LLP

Orlando Silva
Legal Counsel & Director of Export Controls, Customs, International Trade and CSR
Blackberry (Mississauga, ON)

  • Myanmar: why it is still an issue for Canadian companies, and why industries need to be live to Sanctions still in place
  • North Korea: staying live to risks when doing business with Chinese entities and US secondary sanctions
  • Belarus: what is now possible further to lifting of Canadian controls, and navigating the contrast between the two?
  • Finding out what is a prohibited activity by way of applying for prospective permits
  • Application of Canadian SDN lists to entities who are owned or controlled by designated persons

10:45
Networking Break
11:00

NEW! REGULATION IN CANADA

The Operational Side to Canadian Sanctions Compliance: How to Improve Reporting, Audits and Screening

Jacqueline Shinfield
Partner
Blakes Cassels & Graydon LLP

Stephen Alsace
Senior Director, Sanctions
CIBC

Charlene Cieslik
Director, Chief Compliance Officer, Chief AML Officer & Chief Privacy Officer
Rogers Bank

  • How to go through an examination from OSFI and Fintrac
  • What do regulators expect from those being examined
  • What’s behind the focus on quality control and testing (Canadian regulators copying DFS rule 504 requirements?)
  • What Canadian Bankers Association is doing further to Parliamentary Sub-Committee on Sanctions Report? Will Government take up recommendations?
  • How are OSFI interpreting sanctions violations?
  • How are other jurisdictions rules impacting Canadian compliance?

12:00
Networking Lunch
1:00

REGIONAL ANALYSIS

Focus on the Americas: Dealing with Cuba as a Canadian Company and Key Updates on Venezuela, Counternarcotic/Kingpin Sanctions and Other LatAm Developments of 2017

Peter Harrell
Adjunct Senior Fellow
Center for a New American Security (Washington, DC)
Former Deputy Assistant Secretary of State for Counter Threat Finance and Sanctions, Bureau of Economic and Business Affairs, US Department of State

  • Latest on Cuba further to new US action tightening sanctions and what Canadian companies can do to remain compliant, but still maximize opportunities with the island and stay compliant with Canadian law
  • Venezuela: what industry is doing now to prepare for possible OFAC sectoral sanctions, effect of recent OFAC designations, likely scenarios in the coming months, and what the Canadian government is likely to do in response
  • Counternarcotic/Kingpin sanctions: the latest on these programs in the US and how they affect the compliance positions of firms right across North America
  • Other LatAm developments for 2017

2:00

NEW! COMPLIANCE FOCUS

How to Integrate Sanctions Compliance with Export Controls and AML Systems: Strategies to Ensure Operational Excellence

Selena Hui-Garreaud
Director, Export Controls
Bombardier Aerospace

Thad McBride
Partner
Bass Berry & Sims PLC (Washington, DC)

  • Best practices for staying up to date with regards to sanctions
  • Impact of sanctions compliance on current and different business needs: how to ensure the right balance between caution and seizing the right opportunities overseas
  • Navigating the intersection between different sanctions regimes when managing a global supply chain and existing and future customers in various jurisdictions
  • Screening tools and strategies for managing sanctions compliance within the wider context of KYC and export controls systems
  • How do financial services providers fit into sanctions compliance for industry
  • Canadian sanctions reforms initiatives and how to prepare your compliance systems

3:00
Q & A Panel with Speakers
3:45
Conference Adjourns