4th Asia Summit on Economic Sanctions

Oct 30, 2018 8:00am – 5:00pm

Regulations of US and EU economic sanctions are changing dramatically. High profile economic sanctions enforcement will affect more companies in Asia than ever before. Recent investigations targeting companies in various industry sectors ranging from technology to finance, and shipping to insurance, illustrate that economic sanctions can become serious concerns for companies in Asia, especially if they are conducting business in Iran, North Korea, Russia, Myanmar, Cuba, or Syria. Economic Sanctions restrictions continue to evolved staying informed has never been more critical. Companies in Asia must continuously reassess their risk-based sanctions compliance and screening programs to ensure that they fully incorporate new and evolving global economic sanctions restrictions. Unlike other conference, we invite more senior in-house trade compliance officers and counsel to share with you the practical insights, which you can use directly in the operational level. No other conference provides such unparalleled and practical benchmarking opportunities.

2018 Keynote Speaker

Julie M. Malec
Chief, Enforcement Division
Office of Foreign Assets Control
U.S. Department of the Treasury (Washington, DC)

Scott Anderson
Regional Export Control Officer
Bureau of Industry and Security
Department of Commerce

U.S. Embassy (Singapore)

   

Request Brochure

 

Associate Sponsor:

Confirmed Speakers


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

Eric Carlson
Partner
Covington & Burling LLP (Shanghai)

Aleksandar Dukic
Partner
Hogan Lovells US LLP (Washington, DC)

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

Kelvin Kairong Toh
Head, Group Sanctions, Group AML/CFT Compliance
OCBC Bank (Singapore

Greta Lichtenbaum
Partner
O’Melveny & Myers LLP

Hannes Lubitzsch
Associated Partner
Noerr LLP (Moscow, Russia)

Julie M. Malec
Chief, Enforcement Division Office of Foreign Assets Control
U.S. Department of the Treasury (Washington, DC)

T. James Min II
VP & Chair, Global Trade Law Practice Group
Deutsche Post DHL (Erlanger, KY)

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

Stanley Park
Managing Director & Head of Legal, Asia Pacific
Scotiabank (Singapore)

Melanie Ramkissoon
Legal Counsel (Singapore)
BW Group

Tatman R. Savio
Partner
Akin Gump Strauss Hauer & Feld LLP (Hong Kong)

Jay Seymour
Senior Counsel – International Trade Compliance
BP America Inc. (Houston, TX)

Dane Shelly
Director, Sanctions Investigation
Standard Chartered Bank ASEAN and South Asia (Singapore)

John E. Smith
Partner
Morrison & Foerster LLP (Washington, DC) Former Director, Office of Foreign Assets Control, U.S. Treasury Department

Umesh Thapliyal
Asia Regional Manager, Global Trade Compliance
Texas Instruments (China)

Kenny Yap
Partner
Allen & Gledhill LLP (Singapore)

Richard Yung
Head of Sanctions Compliance Global Financial Crimes Compliance
J.P. Morgan (Hong Kong)


Agenda at a Glance


Pre-Conference Workshops | Monday, October 29th, 2018

13:30 – 17:00
Comprehensive Overview of U.S. Sanctions Regulatory Regimes and the Essential Elements of an Effective Compliance Programme Compliance in Asia

Julie M. Malec
Chief, Enforcement Division Office of Foreign Assets Control
U.S. Department of the Treasury (Washington, DC)

Jay Seymour
Senior Counsel – International Trade Compliance
BP America Inc. (Houston, TX)

  Get updated on the latest U.S. Sanctions restrictions in effect today. Participants of this interactive workshop will receive a practical and up-to-the-minute overview of key sanctions affecting the principal targeted countries with a dedicated focus on recent developments. Topics covered will include:
  • Learn the nuts and bolts of OFAC comprehensive and limited sanctions on Russia, Iran, Cuba, Venezuela, North Korea, and Sudan
  • Gain an understanding of how OFAC’s list-based programs include a range of subtle nuances that can expose U.S. persons to civil and criminal liability
  • Review OFAC required reporting requirements and the Economic Sanctions Enforcement Guidelines
  • Tailoring internal compliance procedures to the site and country
  • Implementing a global licensing strategy
  • Streamlining your approach to meeting local requirements and securing approval
  • Assessing risks based on your specific business activities
  • Benchmarking on due diligence, how much due diligence is enough, what is the best process.

Main Conference | Tuesday, October 30th, 2018

8:00
Registration
9:00
Co-Chairs’ Opening Remarks

Dane Shelly
Director, Sanctions Investigation
Standard Chartered Bank ASEAN and South Asia (Singapore)

Tatman R. Savio
Partner
Akin Gump Strauss Hauer & Feld LLP (Hong Kong)

9:15
Latest Enforcement Priorities in the Asia- Pacific Region and What to Expect Going Forward

Julie M. Malec
Chief, Enforcement Division Office of Foreign Assets Control
U.S. Department of the Treasury (Washington, DC)

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

  • Practical review of recent high profile cases in the US
  • What these investigations reveal about economic sanctions compliance risks for companies operating in Asia
  • Interpreting trends that the US and EU have taken a different approach to sanctions enforcement
10:00
Practical Insights into Key Developments on IRAN and NORTH KOREA Sanctions Landscape and How They Affect Transactions in Asia

Julie M. Malec
Chief, Enforcement Division Office of Foreign Assets Control
U.S. Department of the Treasury (Washington, DC)

Dane Shelly
Director, Sanctions Investigation
Standard Chartered Bank ASEAN and South Asia (Singapore)

John E. Smith
Partner
Morrison & Foerster LLP (Washington, DC) Former Director, Office of Foreign Assets Control, U.S. Treasury Department

  • Latest developments on US withdraw from JCPOA
  • Should you avoid doing any business in sanctioned countries?
  • Implications of EU blocking statues and response from member countries
  • Update on North Korea sanctions regimes
  • Potential for the reemergence of secondary sanctions and how to integrate them into your compliance program
  • How statutory exemption, general licenses, and specific licenses allow for the processing of otherwise prohibited activity
11:00
Networking Break
11:15
Where are the Risks for Asia-Pacific Companies? How to Strengthen Compliance in Response to Increased Enforcement

Kelvin Kairong Toh
Head, Group Sanctions, Group AML/CFT Compliance
OCBC Bank (Singapore)

Tatman R. Savio
Partner
Akin Gump Strauss Hauer & Feld LLP (Hong Kong)

Richard Yung
Head of Sanctions Compliance Global Financial Crimes Compliance
J.P. Morgan (Hong Kong

  • What leading companies are doing to implement and maintain and effective and global sanctions compliance program?
  • How to mitigate sanctions high risk transactions
  • Implications for financial institutions, manufacturing, energy and shipping industry
  • Managing financial crime and cryptocurrency challenges
12:45
Networking Luncheon
13:15
Navigating Expanding Russia Secondary Sanctions While Continuing Your Business Operations
Jonathan Epstein Partner Holland & Knight LLP (Washington, DC)
Hannes Lubitzsch Associated Partner Noerr LLP (Moscow, Russia)
Melanie Ramkissoon Legal Counsel (Singapore) BW Group
 

In-depth examination of the changes to US and EU sanctions policies from the past year

  • Focus on third party due diligence on Russian business partners
  • Which restrictions and with which Russian entities targeted by sectoral sanctions are NOT prohibited
  • Delineating “ownership” and “control” when applying the 50% rule
  • Identifying a “US Person” – consequences for companies employing American nationals
  • Traps for avoiding sanctions risks in JVs with a Russian SDN
14:15
Tailoring Your Sanctions Compliance Programme for Companies Doing Business in Asia

T. James Min II
VP & Chair, Global Trade Law Practice Group Deutsche Post DHL (Erlanger, KY)

Eric Carlson
Partner Covington & Burling LLP (Shanghai)

  • What exceptions are available for non-US Companies and how to appropriately proceed
  • Implementing a global licensing strategy and streamlining your approach to meeting local requirements and securing approvals
  • Drafting a formal written compliance program for screening embargoed countries, denied parties and prohibited end-users
  • Setting up a training and awareness program
  • Resolving both U.S. and international regulatory and legal conflicts with foreign requirements
  • How to enhance screening automation with manual Screening to meet OFAC sanction screening expectations
  • How to get buy-in from your Non-US Business Partners
15:15
Networking Break
15:30
Real World Contract Management Scenarios: How to Build-in Contingency Plans When Drafting Contracts
Greta Lichtenbaum
Partner
O’Melveny & Myers LLP
Stanley Park
Managing Director & Head of Legal, Asia Pacific
Scotiabank (Singapore)
Kenny Yap
Partner
Allen & Gledhill LLP (Singapore)
 
  • Addressing when a business is newly added to the sanctions list or is mentioned in a sanctions settlement,
  • Areas to watch when you are in the middle of a loan agreement
  • How to build in contingency plan into the contract to protect your company
  • Discussion on either party liability, exclusion, avoid, warranty and walkaway clauses
16:30
Predictions for Future Economic Sanctions Developments and the Intersection with Export Controls
Umesh Thapliyal Asia Regional Manager, Global Trade Compliance Texas Instruments (China)
Jay Seymour Senior Counsel – International Trade Compliance BP America Inc.(Houston, TX)

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

  • How financial institutions will evaluate their customer for potential transactions
  • Status report on recent developments: Proposed regulation, potential enforcement and the objectives sought by local governments
  • How the requirements dovetail and conflict with U.S. and EU export controls rules
  • How to interact with local government officials and managing the unique challenges of communicating with each local government
  • How to position internal resources to comply with local requirements and manage new risk factors
17:15
Main Conference Ends.

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