Intersection of Sanctions & AML: How to Coordinate Anti-Money Laundering and Sanctions Compliance Controls

Oct 14, 2019 9:00am - 12:30pm

Speakers

Jawad Latif
Associate Director
Financial Crime Risk Assurance

National Australia Bank (Australia)

Nancy A. Fischer
Partner
Pillsbury Winthrop Shaw Pittman LLP (Washington, DC)

Deep Dive into U.S. Economic Sanctions Regulatory Regimes: Understanding the Latest Rules on RUSSIA, IRAN, NORTH KOREA, CUBA and VENEZUELA

Oct 14, 2019 1:30pm - 5:00pm

Speakers

Dharambir Bharti
Trade Compliance Manager, APAC
NetApp (Singapore)

Tom Cusworth
Director, Group Sanctions Compliance Product & Segments
Standard Chartered Bank (Singapore)

Corey Phelps
Compliance Officer, Sanctions Compliance and Evaluation Division
Office of Foreign Assets Control (OFAC) U.S. Department of Treasury (Washington, DC)

Wendy Wysong
Partner (Washington DC)
Foreign Legal Consultant (Hong Kong)

Clifford Chance

Day 1 - Tuesday, October 15, 2019

8:00
Registration and Continental Breakfast
9:00
Co-Chairs’ Opening Remarks
9:15
Regulatory Landscape: Regulatory and Enforcement Priorities for 2019 and Beyond
10:15
Establishing an Effective Sanctions Compliance Strategy: How to Proactively Update Your Programme and Implement into the Operational Level
11:15
Coffee and Tea Break
11:30
Focus on Russia Sanctions: Mastering the Challenges of Complying with Rapidly Changing Primary and Secondary Sanctions
12:30
Country Exchange Networking Luncheon for Attendees and Speakers
1:45
Focus on Shipping: Navigating Transport and Insurance Compliance Dilemmas
2:30
“Non-US Companies Compliance and Training Exchange: Juggling Resources and Multiple Priorities to Stay Compliant
3:30
Coffee and Tea Break
3:45
Export Control Reform Act of 2018: Implications of New Definitions for Emerging and Foundational Technology Related to High Tech Industry and Foreign Direct Investment
4:30
Break Out Sessions A or B or C
5:15
Cocktail Reception Hosted by
6:15
Main Conference Ends

Day 1 - Tuesday, October 15, 2019

8:00
Registration and Continental Breakfast
9:00
Co-Chairs’ Opening Remarks

Jessica Lyn Bartlett
Director , Financial Crime Legal- APAC
Barclays (Hong Kong)

Dharambir Bharti
Trade Compliance Manager, APAC
NetApp (Singapore)

9:15
Regulatory Landscape: Regulatory and Enforcement Priorities for 2019 and Beyond

Corey Phelps
Compliance Officer, Sanctions Compliance and Evaluation Division
Office of Foreign Assets Control (OFAC) U.S. Department of Treasury (Washington, DC)

Scott Anderson
Regional Export Control Officer
Bureau of Industry and Security Department of Commerce U.S. Embassy (Singapore)

  • Overview of recent high-profile cases related to Asia
  • Status on the uptick in sanctions enforcement in Asia Pacific Region
  • Highlights of recent trends and priorities in sanctions enforcement
  • What are OFAC expectations for your sanctions compliance programme?
  • Interpreting trends that the US and EU are taking different approaches to sanctions enforcement
  • How geopolitical facts affect future Sanctions developments

10:15
Establishing an Effective Sanctions Compliance Strategy: How to Proactively Update Your Programme and Implement into the Operational Level

Glenda Abadines
Director Regulatory Compliance, APAC
Tech Data (Singapore) Pte. Ltd

Ken Rivlin
Partner
Allen & Overy LLP (New York, NY)

Edwin Lim
Head of Sanctions
United Overseas Bank (Singapore)

  • How leading Asian companies are maintaining an effective global sanctions programme
  • What is the best method to structure your sanctions programme
  • How to update your programme for the newest lists, and control the dates
  • Best practices for monitoring potential legislation and potential new sanctions targets
  • How to measure and categorize the clients or third parties depending on the level of risks, in response to the new parties added to the Sanctions list
  • How to use internal resources efficiently to implement the compliance programme into your daily operations

11:15
Coffee and Tea Break
11:30
Focus on Russia Sanctions: Mastering the Challenges of Complying with Rapidly Changing Primary and Secondary Sanctions

Bethany Hipp
Head of Compliance Asia
BHP (Singapore)

Benedict Yau
Assistant Vice President, Sanctions Intelligence and Enhanced Due Dilligence, Global Financial Crime
Bank of America N.A. (Singapore)

  • Overview of the latest sanctions restrictions and impact of new Russia counter-sanctions
  • Update on OFAC guidance of licensing and company licensing strategies
  • How to resolve compliance challenges for companies in the financial and energy sectors
  • Recent high-profile cases on secondary sanctions penalties
  • Practical considerations and tools for screening, ownership and control
  • Sharing innovative tools to mitigate secondary sanctions risks
  • How deep should your due diligence go? How to dig for the information for end customers

12:30
Country Exchange Networking Luncheon for Attendees and Speakers

Attendees will have the opportunity to discuss specfic sanctions challenges for different countries. Participate in a discussion on EU Blocking, Venezuela, Russia or North Korea. Attendees will sign up in advance.

1:45
Focus on Shipping: Navigating Transport and Insurance Compliance Dilemmas

Brendon Hawley
Brendon Hawley Head of Safety and Compliance East Hemisphere
Wilhelmsen Ships Service (Singapore)

Jonathan Epstein
Partner
Holland & Knight LLP (Washington, DC)

  • New OFAC ruling’s on shipping concerns regarding North Korea and insurance coverage
  • Coverage concerns for marine cargo charters liability insurance, and transfer of ownership
  • Lessons learned from new transportation modes
  • Impact of sanctions exclusion on coverage
  • Supply Chain security and C-TPAT issues

2:30
“Non-US Companies Compliance and Training Exchange: Juggling Resources and Multiple Priorities to Stay Compliant

Lynn Parker
Regional Manager APAC SCMP/Trade & Customs
ASML Hong Kong Limited (Hong Kong)

Johnny Xie
Managing Director
FTI Consulting (China)

Stanley Park
Managing Director & Head of Legal
Asia Pacific, Global Banking and Markets

Scotiabank (Singapore)

Participate in an interactive discussion with in-house executives from Non- U.S. companies to share compliance strategies including:

 

  • Top priorities for the coming year
  • What exceptions are available for non-US Companies and how to appropriately proceed
  • How to prioritize the sanctions compliance and solicit management support
  • How to balance between business opportunities and sanctions concerns
  • What are the top common mistakes Non-US companies should avoid?
  • Best practices to train your employees

3:30
Coffee and Tea Break
3:45
Export Control Reform Act of 2018: Implications of New Definitions for Emerging and Foundational Technology Related to High Tech Industry and Foreign Direct Investment

Jessica Lyn Bartlett
Director , Financial Crime Legal- APAC
Barclays (Hong Kong)

Ronald A. Oleynik
Partner
Holland & Knight LLP (Washington, DC)

  • How the new regulations affect U.S. and EU Companies in Asia
  • Defining “emerging and foundational technologies”
  • Analyzing the NDAA rules on export controls, the Export Control Reform Act of 2018 (ECRA)
  • How to update your license strategy
  • Countering attempts to secure technologies via espionage by problematic countries
  • Reviewing the new requirements impacting export controls
  • Considering whether these critical updates will produce further export restrictions on emerging technology that are deemed critical to national security, such as cybersecurity, artificial intelligence, and machine learning
  • Impact of increased CFIUS reviews for Asia

4:30
Break Out Sessions A or B or C

5:15
Cocktail Reception Hosted by
6:15
Main Conference Ends

Intersection of Sanctions & AML: How to Coordinate Anti-Money Laundering and Sanctions Compliance Controls

Oct 14, 2019 9:00am - 12:30pm

$600

Speakers

Jawad Latif
Associate Director
Financial Crime Risk Assurance

National Australia Bank (Australia)

Nancy A. Fischer
Partner
Pillsbury Winthrop Shaw Pittman LLP (Washington, DC)

What is it about?

  • When AML, sanctions laws converge — How to develop a robust and effective compliance programme
  • How harmonizing policies and processes across disciplines can streamline your company’s programme
  • How your company can use automation to establish screening and internal approval procedure: Introducing innovation strategy and operational tools to help integration
  • Discuss compliance metrics and structure to integrate sanctions and AML screening
  • Using the database of sanctioned countries and entities to screen potential transactions: How to consolidate information and utilize existing or silo resources
  • Customizing your AML protocols based on the unique risks presented by your business

Deep Dive into U.S. Economic Sanctions Regulatory Regimes: Understanding the Latest Rules on RUSSIA, IRAN, NORTH KOREA, CUBA and VENEZUELA

Oct 14, 2019 1:30pm - 5:00pm

$600

Speakers

Dharambir Bharti
Trade Compliance Manager, APAC
NetApp (Singapore)

Tom Cusworth
Director, Group Sanctions Compliance Product & Segments
Standard Chartered Bank (Singapore)

Corey Phelps
Compliance Officer, Sanctions Compliance and Evaluation Division
Office of Foreign Assets Control (OFAC) U.S. Department of Treasury (Washington, DC)

Wendy Wysong
Partner (Washington DC)
Foreign Legal Consultant (Hong Kong)

Clifford Chance

What is it about?

(OFAC) puts in place, administers and enforces US economic sanctions is fundamental for any compliance professional. Expert speakers will provide a comprehensive update on important new developments of the past few months. Learn the bolts and nuts of how OFAC’s sanctions programmes operate, including recent actions involving Iran, Russia and North Korea. Join this workshop to learn how economic sanctions fit into compliance risks for global companies.

 

Topics covered will include:

  • Overview of various sanctions regimes: Russia, Iran, North Korea, Cuba and Venezuela
  • Spotlight on screening: conflicting or complementary? What you need to know on US versus EU versus UN Sanctions, and Asia regional Sanctions
  • What are the risks: How Asia transactions may turn into an economic sanctions investigation
  • Potential liability for the company, its employees and executives; potential civil liability, regulatory actions and shareholder suits; reputational damage; risk of investigation
  • How to minimize “facilitation” pitfalls
  • What are OFAC expectations for your company’s sanctions compliance programme?
  • How to work effectively with OFAC to expedite the licensing process
  • How to respond to an OFAC investigation
  • Taking a risk-based approach to assess your programme’s effectiveness continuously: monitoring, testing and auditing