8:00 |
Registration and Continental Breakfast
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8:45 |
Opening Remarks
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9:00 |
- Understanding the roles of the primary agencies: OFAC, BIS, and State
- Key Definitions: OFAC, US Person, US Nexus, SDN, and sanctioned countries
- Differences between statues, regulations, directives, formal guidance, interpretations, and FAQ’s
- Types of sanctions – embargos, prohibited parties/activities, secondary sanctions
- List based sanctions programs
|
10:00 |
- Understanding your risk profile
- Strengthening your internal controls
- Components of sanctions training program
- Use of audit to test your compliance program
- How to gain senior management buy-on
|
10:45 |
Networking Break
|
11:00 |
- Understanding OFAC lists
- How to use BIS Entity List and BIS unverified lists
- How to clear false positives
- Blocked interest vs. impermissible transaction
- Potential of artificial intelligence to strengthen
screening
|
12:00 |
Lunch
|
1:00 |
- Lessons learned from recent enforcement action
- Possible OFAC investigative actions
- How to respond to an OFAC investigation
- New rule on rejected transactions
|
2:00 |
- General vs. Specific licenses
- Interactions with OFAC to expedite licensing process
- Exemption for humanitarian purposes
- Working with OFAC for voluntary disclosures
|
2:45 |
Networking Break
|
3:00 |
- Rapidly changing Russia sanctions, 50% rule and the role of CATSA
- What is the EU Blocking Statute and how is it applied
- Staying compliant with latest sanctions on Venezuela
- How to deal with foreign subsidiaries of US companies
|
4:00 |
|
5:00 |
Boot Camp Ends
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