AML & OFAC for the Insurance Industry

January 22 – 23, 2020

Agenda

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At a Glance
Day 1
Day 2

Day 1 - Wednesday, January 22, 2020

8:00	Registration & Continental Breakfast
8:50	Co-Chairs’ Opening Remarks
9:00	In-House Views from Across the Globe – How Leading Insurance Companies are Meeting Today’s Risks and How they are Strengthening Compliance Efforts
10:00	Focus on Russia: Complex Scenarios for Navigating Iran and Russia Sanctions Compliance
11:00	Networking Break
11:20	Focus on New Regulatory Landscape: Federal Enforcement Priorities and Emerging Trends
12:30	Networking Lunch
1:45	New OFAC Compliance Guidance: How to Update Your Program to Meet Increased Regulatory Oversight
2:45	How to Minimize Global Shipping & Maritime Risks in Light of Recent OFAC Guidance
3:30	Networking Break
3:45	Networking Compliance Exchange – Breakout Sessions
4:45	Strategies and Best Practices for Strengthening your AML Compliance Program
5:30	Champagne Roundtables
6:15	End of Day One

Day 2 - Thursday, January 23, 2020

8:00	Continental Breakfast
8:30	Co-Chairs’ Opening Remarks
9:00	Focus on Fraud: How to Meet the Increasing Sophistication of AML Fraud and Cyber Crime Schemes
10:00	Understanding the New York Regulatory Enforcement Agenda: What to Expect in 2020
11:00	Networking Break
11:15	Special Focus on Venezuela and Cuba Sanctions – How to Move Forward While Continuing to Watch Out for Potential Landmines
12:15	Emerging Trends in Cannabis – What are the Specific AML implications for Underwriting a Marijuana Business
12:45	Conference Concludes

Day 1 - Wednesday, January 22, 2020

8:00	Registration & Continental Breakfast
8:50	Co-Chairs’ Opening Remarks Max Bolstad Vice President New York Life Insurance Company (New York, NY) Brent Kessler Vice President, Associate General Counsel & Senior Legal Counsel SCOR (New York, NY)
9:00	In-House Views from Across the Globe – How Leading Insurance Companies are Meeting Today’s Risks and How they are Strengthening Compliance Efforts Benjamin Omorogbe Group General Counsel Travelers (St. Paul, MN) Scott Horton Global Head of the Financial Crimes Group AIG (New York, NY) Brent Kessler Vice President, Associate General Counsel & Senior Legal Counsel SCOR (New York, NY) Moderator: Andrew Davies VP, Global Market Strategy, Financial Crime Risk Management Fiserv Senior executives will discuss their views on top risks for international insurance companies. Participants will reveal their top concerns and predictions for staying ahead in an unpredictable and fast-moving environment. How to reconcile US, EU and UK sanctions requirements Key components of international sanctions, AML and resolving possible conflict of law How sanctions operate in the EU and guide to the enforcement and compliance landscape in Europe Predictions for the impact of BREXIT and the effect of an independent UK sanctions regime
10:00	Focus on Russia: Complex Scenarios for Navigating Iran and Russia Sanctions Compliance Aleksandar Dukic Partner Hogan Lovells (Washington, DC) Howard Mendelsohn Chief Client Officer Kharon (Washington, DC) How companies are staying ahead of US enforcement priorities? Analysis of key compliance challenges and the impact of secondary sanctions for the insurance industry Conforming to evolving global standards and how to reconcile resulting conflict of laws – Latest on the EU Blocking Statue, INSTEX, JCPOA – Particular implication for US companies with an EU subsidiary
11:00	Networking Break
11:20	Focus on New Regulatory Landscape: Federal Enforcement Priorities and Emerging Trends Leonard Frady Sanctions Compliance Officer Office of Foreign Assets Control U.S. Department of the Treasury (Washington, DC) Benjamin Kraut Foreign Affairs Officer U.S. Department of State (Washington, DC) Panel Moderator: Greta Lichtenbaum Partner O’Melveny & Myers LLP (Washington, DC) Hear directly from the prominent federal regulators on what is currently top of mind for regulators of the insurance and re-insurance industries followed by an interactive Q&A session. Topic coverage will include: Learn what the regulator’s top enforcement priorities are for 2020 Recap and analysis of most recent enforcement actions — invaluable lessons learned New wave of investigations and sanctions Main trends currently in the insurance and the reinsurance markets
12:30	Networking Lunch
1:45	New OFAC Compliance Guidance: How to Update Your Program to Meet Increased Regulatory Oversight Damian Sepanik Chief Compliance Officer Zurich North America (Schaumburg, IL) Brent Kessler Vice President, Associate General Counsel & Senior Legal Counsel SCOR (New York, NY) David Brummond Of Counsel Jacobson Burton Kelley (Washington, DC) Dave Loeser Senior Director of Product Strategy Accuity Inc. (New York, NY) Leonard Frady Sanctions Compliance Officer Office of Foreign Assets Control U.S. Department of the Treasury (Washington, DC) Substantive OFAC updates for the insurance industry What the May 2019 OFAC compliance framework revisions means for your company Unraveling uncertainty of OFAC expectations for reporting requirements for rejected transactions Tips for strengthening your OFAC compliance protocols
2:45	How to Minimize Global Shipping & Maritime Risks in Light of Recent OFAC Guidance Scott Horton Global Head of the Financial Crimes Group AIG (New York, NY) Tahlia Townsend Partner Wiggin and Dana LLP (Washington, DC) John Keough Partner Clyde and Co (New York, NY) Leonard Frady Sanctions Compliance Officer Office of Foreign Assets Control U.S. Department of the Treasury (Washington, DC) Dissecting the November and March OFAC Maritime Guidance What is reasonable in terms of the diligence process? Divergence in industry – Comparing companies, Iran approach and Venezuela approach Latest OFAC Enforcement Actions: DNI Express Shipping Company
3:30	Networking Break
3:45	Networking Compliance Exchange – Breakout Sessions Benjamin Omorogbe Group General Counsel Travelers (St. Paul, MN) Kevin Askew Chief Anti-Fraud and Anti-Money Laundering Officer Manulife (Boston, MA) Inna Tsimerman Chief International Trade Counsel AJ Gallagher (Chicago, IL) Participants will meet by industry to discuss current challenges and practical solutions to common compliance challenges A. Commercial Property & Casualty Insurance Benjamin Omorogbe Group General Counsel Travelers (St. Paul, MN) B. Life Insurance Kevin Askew Chief Anti-Fraud and Anti-Money Laundering Officer Manulife (Boston, MA) C. Maritime Insurance Inna Tsimerman Chief International Trade Counsel AJ Gallagher (Chicago, IL)
4:45	Strategies and Best Practices for Strengthening your AML Compliance Program Max Bolstad Vice President New York Life Insurance Company (New York, NY) Bradley J. Bondi Partner Cahill Gordon & Reindel LLP (New York, NY) Andrew Davies VP, Global Market Strategy, Financial Crime Risk Management Fiserv Gap assessing your policies and procedures and internal controls to protect your organization from prevalent and emerging AML risks Best Practices – AML suspicious activity reports filing with FINCEN Strategies to strengthen your AML compliance program Conducting diligence and investigations when you’ve identified a red flag – Top tips for managing external third parties Lessons learned – Beneficial ownership and CDD rule – Going beyond the corporate veil
5:30	Champagne Roundtables
6:15	End of Day One

Day 2 - Thursday, January 23, 2020

8:00	Continental Breakfast
8:30	Co-Chairs’ Opening Remarks
9:00	Focus on Fraud: How to Meet the Increasing Sophistication of AML Fraud and Cyber Crime Schemes Kevin Askew Chief Anti-Fraud and Anti-Money Laundering Officer Manulife (Boston, MA) Becki LaPorte Compliance Officer CSI (Charlotte, NC) Countering an uptick in financial cybercrime – What are companies doing? Latest cybersecurity and identity theft protection / impersonation fraud for insurers and their clients How to integrate cyber incidents into your AML programs
10:00	Understanding the New York Regulatory Enforcement Agenda: What to Expect in 2020 Catherine Christian Chief, Elder Abuse Unit New York County District Attorney’s Office (New York, NY) Kevin R. Puvalowski Senior Deputy Superintendent - Consumer Protection and Financial Enforcement New York State Department of Financial Services In this session, senior NY State Regulators will discuss the regulatory and enforcement developments of the past year and offer their insights into the current year. You will hear from senior officials on: Recent policy changes and announcements Lessons learned from recent enforcement actions
11:00	Networking Break
11:15	Special Focus on Venezuela and Cuba Sanctions – How to Move Forward While Continuing to Watch Out for Potential Landmines Andrew Gifford SVP General Counsel General Reinsurance Corporation (Stamford, CT) Jeanine P. McGuinness Partner Orrick, Herrington & Sutcliffe LLP (Washington, DC) Inna Tsimerman Chief International Trade Counsel AJ Gallagher (Chicago, IL) How is OFAC handling companies reapplying for licenses in Cuba? Helms-Burton law evolution in Cuba, latest developments and how it impacts your company Practical realities of the total economic embargo against the government of Venezuela and all state-owned entities General license considerations for non-US insurers in Venezuela Understanding the impact for insurers of the Venezuela sanctions affecting the energy sector
12:15	Emerging Trends in Cannabis – What are the Specific AML implications for Underwriting a Marijuana Business Charles Smith VP Anti Money Laundering Prudential Financial (Newark, NJ) Stephen Shine Chief Regulatory Counsel Prudential Financial (Newark, NJ) Opportunities and risks How to manage risks inherent with the prevalence of cash as a payment method Top concerns around privacy How to conduct a risk assessment
12:45	Conference Concludes

Event Contacts

Partnership Opportunities

Maria Romanova

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Speaking Opportunities

Rachel Lewyn

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Sponsorship Opportunities

American Conference Institute

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