Comprehensive Overview of U.S. Sanctions Regulatory Regimes and the Key Components of an Effective Compliance Program

Dec 5, 2018 9:00am - 12:30pm

Speakers

Alba Rovira-Paoli
Managing Director & Head of Alerts- Global Sanctions Compliance
BNP Paribas (New York, NY)

Robert Slack
Senior Associate
Kelley Drye & Warren LLP

Deep Dive: Staying Compliant with Primary and Secondary Russia Sanctions Restrictions

Dec 5, 2018 1:30pm - 5:00pm

Speakers

Michaela Arndt
Regional Head, FCC, Sanctions Compliance, Europe & Americas and Group Head, US Sanctions
Standard Chartered Bank (Newark, NJ)

Brian J. Egan
Partner
Steptoe & Johnson LLP (Washington, DC)

Day 1 - Thursday, December 6, 2018

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

IRAN SANCTIONS COMPLEXITIES

Lessons Learned from the Wind-down of Iran Sanctions and Guidance for Foreign Subsidiaries of U.S. Companies
9:45

COMPLYING WITH BLOCKING STATUTES

Threading the Needle to Comply with U.S. Sanctions and Limit Exposure under EU Blocking Statutes
10:45
Networking Break
11:00

IN-HOUSE COMPLIANCE VIEWS

How Multi-National Companies are Managing Sanctions Risk for New Business Opportunities
12:00
Networking Lunch: Meet with Your Industry Peers
1:15

RUSSIA SECONDARY SANCTIONS

Compliance Challenges Arising from the Latest Secondary Sanctions and the Role of Congress
2:15

SCREENING CHALLENGES ARISING FROM LACK OF DATA

Researching Ownership and Control for Non-Listed Entities that May Fall Under the 50% Rule
3:00
Networking Break
3:15

CRYPTOCURRENCY AWARENESS

How to Update Your Sanctions Compliance Program
4:15

GLOBAL MAGNISKY ACT

Heightened Due Diligence Obligation for Expanding Screening Requirements
5:00
Champagne Roundtables- End the day informally as your share your views with your peers on recent Economic Sanctions developments
5:45
End of Day One

Day 2 - Friday, December 7, 2018

8:15
Continental Breakfast
8:45
Co-Chairs’ Opening Remarks
8:50

REGULATORY AND ENFORCEMENT PRIORITIES

US and UK Sanctions Enforcement Landscape for the Coming Year
9:50

INTERACTIVE FACILITATION HYPOTHETICAL SCENARIOS

Intersection of Facilitation and Secondary Sanctions
10:45
Networking Break
11:00

NAVIGATING PARALLEL SANCTIONS INVESTIGATIONS

Challenges and Best Practices
12:00

VENEZUELA SANCTIONS

New Rules, What’s Changed and What is Allowed Today?
1:00
Networking Lunch
2:15

FOCUS ON NY SANCTIONS

Increased Attention on AML/Sanctions and Due Diligence
3:15

OFAC GUIDANCE on NORTH KOREA

Clarification to Minimizing Risks in Your Supply Chain
4:15
Questions and Answer Panel with Expert Speakers
4:45
Conference Concludes

Day 1 - Thursday, December 6, 2018

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

David Stetson
Vice President & Associate General Counsel
Goldman Sachs (New York, NY)

Les Carnegie
Partner
Latham & Watkins (Washington, DC)

8:45

IRAN SANCTIONS COMPLEXITIES

Lessons Learned from the Wind-down of Iran Sanctions and Guidance for Foreign Subsidiaries of U.S. Companies

David Stetson
Vice President & Associate General Counsel
Goldman Sachs (New York, NY)

Kathleen Palma
Senior Executive International Trade Compliance
GE (Washington, DC)

Beth Peters
Partner
Hogan Lovells US LLP (Washington, DC)

  • Current status of Iran sanctions after November 5th
  • Resolutions of transactions not completed before wind-down and OFAC guidance for activity afterwards
  • Compliance tips for foreign subs and best practices for preventing diversion
  • Future of trading relationships with non-US partners and exposure for potential litigation
  • Any necessary reporting to OFAC or BIS

9:45

COMPLYING WITH BLOCKING STATUTES

Threading the Needle to Comply with U.S. Sanctions and Limit Exposure under EU Blocking Statutes

William Dodsworth
Head of Financial Crime Policy
Barclays (London)

Susannah Cogman
Partner
Herbert Smith Freehills LLP (London)

  • What is the new normal for companies falling into the trap of EU blocking statutes
  • How to respond to EU Member States when extraterritorial sanctions directly or indirectly affect the economic or financial interest of the company
  • How will EU Member States penalize noncompliance and who will be most active?
  • How will damages be calculated?

10:45
Networking Break
11:00

IN-HOUSE COMPLIANCE VIEWS

How Multi-National Companies are Managing Sanctions Risk for New Business Opportunities

Jessica Martini
Americas Sanctions Head
UBS (New York, NY)

Julia J. Yoo
Deputy Head of Sanctions Legal
Citigroup Inc. (Washington, DC)

Nisha Sawhney
Legal Director of Trade Compliance, Legal & Compliance
TechnipFMC (London)

Moderator

Wynn H. Segall
Partner
Akin Gump Strauss Hauer & Feld LLP (Washington, DC)

  • Best practices for monitoring potential legislation and potential new sanctions targets
  • Montoring indirect exposure from clients
  • Staying abreast of competing laws and uncertainy about future regulations

12:00
Networking Lunch: Meet with Your Industry Peers
1:15

RUSSIA SECONDARY SANCTIONS

Compliance Challenges Arising from the Latest Secondary Sanctions and the Role of Congress

Saam Youssefi-Rad
Director | Head of OFAC and Sanctions Compliance, Americas
Deutsche Bank (New York, NY)

Allie Cheatham
Executive Director, Global Sanctions Compliance
JPMorgan Chase & Co. (New York, NY)

Sahand Boorboor
Managing Director, Global Economic Sanctions Executive
Global Financial Crimes, Bank of America (New York, NY)

Moderator

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

  • Role of CAATSA for future Russia sanctions
  • Navigating the complexities of additional sanctions on Russia
  • How to continue doing business in Russia during uncertain times
  • What is the impact of Russia counter-sanctions?

2:15

SCREENING CHALLENGES ARISING FROM LACK OF DATA

Researching Ownership and Control for Non-Listed Entities that May Fall Under the 50% Rule

Daniel Alexander
Managing Director, Deputy Global Sanctions Officer
Charles Schwab (San Francisco, CA)

Neha Jain
Head of Global Sanctions Advisory-Director
MUFG (New York, NY)

Stephanie Norris
ITC Manager, Contracts & Screening
GE (Washington, DC)

Alicia M. Novak
Director, Global Sanctions
Fidelity Investments (Boston, MA)

  • Why 50% Rule research is more important and complex than ever
  • Methods for determining entities subject to the 50% Rule in a time of rapidly changing sanctions regulations
  • Obtaining senior management buy-in and business support
  • Strategies for evaluating company ownership structures and monitoring the future state
  • How much research is enough? Is it necessary to hire a vendor? When do I need to file a report with OFAC?

3:00
Networking Break
3:15

CRYPTOCURRENCY AWARENESS

How to Update Your Sanctions Compliance Program

Ann Broeker
Senior Compliance Counsel
Visa (Washington, DC)

Jonathan Thomas
Co-Head Government Sanctions Group
Goldman Sachs (New York, NY)

Gary Stein
Partner
Schulte Roth & Zabel LLP (New York, NY)

  • Clarification of what could be a sanctions evasion from cryptocurrency
  • How to meet regulators requirements for “reasonable and proportionate”
  • Protocol to identify possible high risk customers or third parties
  • Specific internal procedures to add to your sanctions compliance program

4:15

GLOBAL MAGNISKY ACT

Heightened Due Diligence Obligation for Expanding Screening Requirements

Susan Rodihan Dupuy
Managing Director & Head OFAC Sanctions
Société Générale (New York, NY)

Edward Starishevsky
Global Head of Sanctions and Anti-Corruption
American Express (New York, NY)

Jennifer E. Ambuehl
Deputy Chief, Bank Integrity Unit Money Laundering and Asset Recovery Section
U.S. Department of Justice, Criminal Division (Washington, DC)

  • How to incorporate screening for human rights abuses or violations by customers or vendors
  • Specific procedures to conduct due diligence and how to update your sanctions compliance program to reflect this rule
  • Predictions on how OFAC will implement this law

5:00
Champagne Roundtables- End the day informally as your share your views with your peers on recent Economic Sanctions developments
5:45
End of Day One

Day 2 - Friday, December 7, 2018

8:15
Continental Breakfast
8:45
Co-Chairs’ Opening Remarks

Les Carnegie
Partner
Latham & Watkins (Washington, DC)

Nisha Sawhney
Legal Director of Trade Compliance, Legal & Compliance
TechnipFMC (London)

8:50

REGULATORY AND ENFORCEMENT PRIORITIES

US and UK Sanctions Enforcement Landscape for the Coming Year

Michael Dondarski
Assistant Director for Enforcement Office of Foreign Assets Control
U.S. Department of the Treasury (Washington, DC)

David McLean
Joint Deputy Head and Head of Enforcement and Engagement, Office of Financial Sanctions Implementation
HM Treasury (London)

Moderator

Nicole Erb
Partner
White & Case LLP (Washington, DC)

  • Recent policy changes and announcements
  • Lessons learned from the US and abroad oversight against financial institutions, global exporters and individuals
  • What to expect in additional guidance in the short-term
  • Current priorities for these agencies

9:50

INTERACTIVE FACILITATION HYPOTHETICAL SCENARIOS

Intersection of Facilitation and Secondary Sanctions

Nora Lovell Marchant
Global Compliance Counsel
American Express Global Businesss Travel (Boston, MA)

Jeremy Zucker
Partner
Dechert LLP (Washington, DC)

Anthony D’Elia
Vice President & Director of Compliance
AllianceBernstein (New York. NY)

Test your sanctions knowledge on topics such as facilitation, evasion, secondary sanctions, and other hot button sanctions issues with thought provoking “hypothetical” scenarios borrowed from real life and anonymous polling questions. Discover how your approach to identifying and addressing sanctions compliance risks compares to your peers, and benefit from a practical discussion of concrete examples and lessons learned.

10:45
Networking Break
11:00

NAVIGATING PARALLEL SANCTIONS INVESTIGATIONS

Challenges and Best Practices

Michael Dondarski
Assistant Director for Enforcement Office of Foreign Assets Control
U.S. Department of the Treasury (Washington, DC)

Douglas Hassebrock
Director of the Office of Export Enforcement
U.S. Department of Commerce (Washington, DC)

Jay Bratt
Chief for Export Controls and Sanctions, Counterintelligence and Export Control Section
National Security Division at U.S. Department of Justice (Washington, DC)

Moderator

David Laufman
Principal
Law Offices of David H. Laufman PLLC (Washington, DC)
Former Chief of the Counterintelligence and Export Control Section, National Security Division, U.S. Department of Justice

Major sanctions enforcement actions like those collectively taken against ZTE Corporation by the DOJ, DOC and DOT illustrate these agencies’ commitment to jointly pursue violations within their respective areas of jurisdiction, while presenting companies subject to such multiple investigations with unique challenges. This session addresses:

  • How the Justice Department, BIS, and OFAC operate to pursue their respective enforcement priorities in matters that straddle their areas of jurisdiction and require interagency coordination
  • The issues that such multi-agency enforcement actions present for companies under investigation, and best practices for dealing with them
  • The issues presented for both the enforcement agencies and target companies in seeking to achieve a global resolution

12:00

VENEZUELA SANCTIONS

New Rules, What’s Changed and What is Allowed Today?

Molly McLane
Managing Director, Global Financial Crimes Group
Morgan Stanley (New York, NY)

Ellen Smith
Executive Counsel, International Trade Compliance Director
Legal Compliance

Baker Hughes - GE (Houston, TX)

Les Carnegie
Partner
Latham & Watkins (Washington, DC)

  • Overview of the US sanctions against Venezuela
  • Understanding exceptions, general licenses, and pitfalls
  • The prospects of securing OFAC licensing
  • Screening challenges

1:00
Networking Lunch
2:15

FOCUS ON NY SANCTIONS

Increased Attention on AML/Sanctions and Due Diligence

Sharon Cohen Levin
Partner
WilmerHale (New York, NY)

Christopher Conroy
Chief, Major Economic Crimes Bureau
New York County District Attorney’s Office (New York, NY)

Seetha Ramachandran
Partner
Schulte Roth & Zabel LLP (New York, NY)

  • NY State sanctions developments
  • Interplay between State and Federal Agencies
  • Lessons learned from Sections 504 reporting
  • Areas examiners are most likely to focus on to assess compliance

3:15

OFAC GUIDANCE on NORTH KOREA

Clarification to Minimizing Risks in Your Supply Chain

Sanjay J. Mullick
Partner
Kirkland & Ellis LLP (Washington, DC)

  • OFAC guidance for business on supply chains in Asia, Middle East and Africa
  • US guidance on primary risks include inadvertent sourcing of goods, services or technology or the presence of North Korean citizens in supply chain
  • Compliance challenges when conducting business with Chinese banks and counterparts

4:15
Questions and Answer Panel with Expert Speakers
4:45
Conference Concludes

Comprehensive Overview of U.S. Sanctions Regulatory Regimes and the Key Components of an Effective Compliance Program

Dec 5, 2018 9:00am - 12:30pm

$600

Speakers

Alba Rovira-Paoli
Managing Director & Head of Alerts- Global Sanctions Compliance
BNP Paribas (New York, NY)

Robert Slack
Senior Associate
Kelley Drye & Warren LLP

What is it about?

Get a refresher on the latest U.S. Sanctions restrictions in effect today. Participants of this interactive and practical workshop will receive an overview of sanctions 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, and North Korea
  • 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.
  • Discover how statutory exemption, general licenses, and specific licenses allow for the processing of otherwise prohibited activity
  • Review OFAC required reporting requirements and the Economic Sanctions Enforcement Guidelines

Deep Dive: Staying Compliant with Primary and Secondary Russia Sanctions Restrictions

Dec 5, 2018 1:30pm - 5:00pm

$600

Speakers

Michaela Arndt
Regional Head, FCC, Sanctions Compliance, Europe & Americas and Group Head, US Sanctions
Standard Chartered Bank (Newark, NJ)

Brian J. Egan
Partner
Steptoe & Johnson LLP (Washington, DC)

What is it about?

This in-depth workshop is much more than a basic review of Russia Sanctions. This interactive workshop will provide timely guidance on these complex sanctions through interactive hypotheticals. The program will be taught by experienced practitioners and will cover the following topics:

  • Overview of the latest sanctions restrictions and impact of new Russia counter-sanctions
  • Update on OFAC guidance for licensing
  • Practical considerations for screening, ownership and control
  • Case studies on how to apply the 50% rule
  • Strategies to mitigate secondary sanctions risks