Agenda
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Day 1
April 29, 2024
Registration and Continental Breakfast
Les CarnegiePartnerLatham & Watkins LLP
Natalie FurneySenior Vice President and Deputy General Counsel- International and Regulatory LegalEli Lilly and Company
Alexandre ManfullManaging DirectorCitiFormer Assistant Director, Sanctions Compliance, Office of Foreign Assets Control
Opening Strategy Exchange: New Global Sanctions Takeaways to Ready Your Program for the Unknowns of the Next 6-12 Months
Sean M. ThorntonManaging Director and Head of Legal Financial Security (U.S.)BNP Paribas
Heather EpsteinDeputy Global Head Sanctions ComplianceUBS
WSN Member
Robert SlackPartnerFenwick & West LLP
Neena ShenaiPartnerWilmer Hale
Join an interactive dialogue with seasoned sanctions experts as they share their views on managing current challenges, and their approach to mitigating risk and strengthening compliance amid an uncertain landscape of change.
Topics will include:
- The interplay of Chinese, Russian and Iranian threats-and the evolving regulatory landscape
- Insights on the Davidson windows
- Rethinking your approach to tackling the next wave of sanctions compliance challenges
- The aftermath of “Sanctions are the new FCPA.”
Networking Break
THE MIDDLE EAST
Navigating the Emerging Compliance Challenges Amid Shifting Geopolitical and Regulatory Changes
Mahmoud (Mac) FadlallahPartnerAkin
Sara ThannhauserAssistant Director, Policy Division, Office of Foreign Assets ControlU.S. Department of the Treasury
Elizabeth RosenbergManaging Director, Global Financial Crimes Public Policy Executive Bank of America Former Assistant Secretary for Terrorist Financing and Financial Crimes U.S. Department of the Treasury
Aneeza SiddiquiVice President Group Ethics and ComplianceADNOC Group
- Novel confluence of unprecedented business opportunity with geopolitical conflicts in the Middle East.
- Influx of Russian wealth into the Middle East raising new sanctions concerns for an already complex region.
- Expansion of Iran-related sanctions risks beyond Iran’s borders.
- Preventing sanctions evasion and diversion: use of the Middle East as a transit point for Russia and Iran.
- Russian oil price cap and Red Sea shipping disruptions.
Lunch
BREAKOUT SESSIONS A (Select one session)
Brian GrantManaging Director - Head of Sanctions ComplianceMUFG
Andrew JensenManaging Director, Global Head of SanctionsTD Bank Group
Max LernerManaging Director, Global Head Sanctions Compliance and Anti-Bribery & CorruptionState Street
Roberto GonzalezPartnerPaul, Weiss, Rifkind, Wharton & Garrison LLP
- How can companies with affiliates in Russia operate?
- Integrating global sanctions restrictions when executing Russian-related business
- New hurdles to obtaining a BIS license
- Factors to consider when exiting Russia
- Managing risk and supporting legal business with clients
- Conducting trades / receiving dividends / participating in corporate actions relating to Russian securities
Britt MosmanPartnerWillkie Farr & Gallagher LLP
Pamela AmusaAssociate General CounselNavy Federal Credit Union
- Joint AML/Sanctions guidance and enforcement actions
- How in-house compliance programs can leverage tools to accomplish both AML and sanctions objectives
- Corporate Transparency Act, data privacy, and other important considerations
Change Break
BREAKOUT SESSIONS B (Select one session)
Jen MakiSenior Director, Trade Legal & ComplianceApplied Technology
WSN Member
Darshak DholakiaPartnerDechert LLP
Nancy FischerPartnerPillsbury Winthrop Shaw Pittman LLP
- Increased focus of BIS on export controls – and the impact on sanctions compliance efforts
- AI rules and monitoring for diversion
- Status of companies researching or moving to other countries in the region
- Implications of the Supplier Rule
Interactive Dialogues
Screening for Ownership and Controls Against U.S., UK and EU Lists – Separating Fact from False Positives
Polina SamuelSVP, Head of U.S. Sanctions AdvisoryHSBC North American Holdings, Inc.
Stephanie Brown CrippsPartnerFreshfields Bruckhaus Deringer
WSN Member
Kathryn JenneSenior Counsel, Anti-Corruption & Trade CounselAbbott Labs
WSN Member
David LynchGlobal Head of Analytical SolutionsSayari
- Test your knowledge with real world screening dilemmas
- Reconciling different screening outcomes based on US, UK and EU lists
- Implications of the definition of ownership and control for each jurisdiction
- Suggestions on how to resolve potential hits and false positives
Networking Break
BREAKOUT SESSIONS C (Select one session)
General Session
The Biggest Hurdles to Harmonizing Compliance with U.S., EU, UK and More International Sanctions: Case Studies on Resolving Expected and Unexpected Pain Points
Dorothy BennettDeputy Global Head Sanctions ComplianceJPMorgan Chase & Co.
WSN Member
Anna CavnarCorporate CounselAWS Legal
Zachary GoldmanPartnerWilmerHale
- Critical steps to evaluate a transaction in light of a web of different sanctions restrictions
- Addressing conflicts of law
- Navigating the geopolitical dynamics affecting your operations, business and compliance program
- Tools to monitor and update your compliance program amid constant change
- When and how to involve senior leadership
Managing OFAC and DOJ Subpoenas, RFIs, Privilege and Voluntary Disclosures: Strategic and Practical Considerations
Stevenson MunroeManaging DirectorStandard Chartered Bank
Satish KiniPartnerDebevoise & Plimpton LLP
Nathanael KurcabOf CounselMorrison Foerster
- What to do first upon receiving a subpoena-and missteps to avoid
- Privilege considerations when charting your next steps
- Highlighting mitigating factors in disclosures
- Increasing the probability of a “no action” letter: Concrete examples of hits and misses
Change Break
BREAKOUT SESSIONS D (Select one session)
Peter HarrellNon-Resident FellowCarnegie Endowment for International PeaceFormer Senior Director for International Economics and Competitiveness The White House
Melissa DuffyPartnerFenwick & West LLP
Aaron ForsbergDirectorBureau of Economic and Business Affairs, Office for Sanctions Policy and Implementation, U.S. Department of State
Eric RudolphManaging Director, Export Controls & Sanctions Leader for the AmericasFTI Consulting
Anthony RapaPartnerBlank Rome
- Potential erosion of Chevron deference
- Implications of the UK’s first Russian sanctions delisting case
- Increased interest in actively pursuing SDN delisting
- Will sanctions litigation become the new normal?
Change Break
Networking Reception
End of Day One
Day 2
April 30, 2024
Co-Chairs Opening Remarks
Lawrence ScheinertAssociate Director, Compliance and Enforcement
Office of Foreign Assets ControlU.S. Department of Treasury
Dan ClutchDeputy Director for the Office of Export Enforcement, Bureau of Industry and SecurityU.S. Department of Commerce
Eric J. Kadel Jr.PartnerSullivan & Cromwell LLP
David LimCo-Director, Task Force KleptoCaptureU.S Department of Justice
Participate in a lively discussion about the 2024 enforcement landscape and the current focus on cross-agency investigations, priority on voluntary disclosures and learn about recent high profile asset seizures.
Networking Break
Mitigating the Risk of Diversion and Evasion: Upgrading Your Risk Detection and Assessment Methodology for Customer and Supply Chain Due Diligence
Shannon StokesAssistant General Counsel Legal & ComplianceWorld Kinect Corporation
Howard MendelsohnChief Client Officer KharonFormer Acting Assistant Secretary/Deputy Assistant Secretary, U.S. Department of the Treasury
Cristina Brayton-LewisPartnerWhite & Case LLP
Sheila MalhotraDirector of Global Trade and Sanctions ComplianceThe Coca-Cola Company
- How regulators are approaching diversion and evasion risks
- Use of designations to target procurement networks
- New advisory on maritime and transportation quint seal
- Impact of increased export control regulations
General Session
China: Legislative Updates Amid Growing Geopolitical, National Security and Third-Party Risk
Daniel TannebaumPartnerOliver Wyman
Daniel FlatleyNational Security ReporterBloomberg News
Samantha SultoonSenior Financial Crimes DirectorTruist
- Current state of US/China relationship
- Ongoing national security considerations
- Impact of CMMC rules on US companies
- Key updates on House initiatives, bills and priorities
Lunch
General Session
The Future of the US Dollar: How a Weaponized Currency and External Threats Are Shifting the World Order and Global Business
Daniel FriedWeiser Family Distinguished FellowAtlantic Council
Saleha MohsinSenior Washington CorrespondentBloomberg News
Dr. Carla NorrlofSenior Washington CorrespondentUniversity of Toronto
Daleep SinghDeputy National Security Advisory for International EconomicsThe White House
- Are we nearing a tipping point in a broad bid to de-dollarize?
- Possible overuse of sanctions risks making the dollar less influential as China’s economy grows
- What does the prospect of a less influential dollar mean for the current world order and geopolitics?
- How will the US need to adjust its foreign policy objectives in the coming years?
- Will US sanctions lose their potency?
Change Break
BREAKOUT SESSIONS E (Select one session)
Beth BeamGlobal Head of SanctionsInteractive Brokers
WSN Member
Suzanne RyningDeputy Head of Financial Crimes PolicyStripe
WSN Member
Jason PrincePartnerAkin Gump Strauss Hauer & Feld LLP
Ian MairSenior Director of Government RelationsGeoComply
- Lessons learned from recent enforcement actions
- Understanding the vendor landscape
- How to select the right tech solutions for your organization
- Integrating solutions into your existing compliance and monitoring framework
Interactive Dialogues
Crypto and Digital Assets: Cross-Industry Lessons Learned from Recent, Big-Ticket Penalties
Anna ChenowethHead of Sanctions AdvisoryCoinbase
Rachel FiorillPartnerMorrison Foerster
Shari LeventhalMemberSullivan & Cromwell LLP
- Unpacking the diversion schemes and penalty trends amid regulatory uncertainty
- Compliance weaknesses identified from Binance, Coinlist, Kraken and Bittrex
- Warning signs to identify if crypto is being used to launder money and evade sanctions
- Lessons learned from recent enforcement actions
- Predictions for the future of crypto regulation
Networking Break
BREAKOUT SESSIONS F (Select one session)
General Session
Assessing Your Whistleblower Complaint and Crisis Readiness: Your Updated Blueprint to Handling Investigations, Interviews and Disclosures
Orisia GammellChief Legal Counsel Export Control USSAP America
WSN Member
Nidhi RaoManaging DirectorBDO USA
Tom BestPartnerPaul Hastings LLP
- Obtaining and documenting the facts
- Key strategies for the investigation
- How and when to engage with outside counsel
- Voluntary disclosure considerations
- How to remediate
Randi AdelsteinExecutive Vice President, General Counsel, Regulatory AffairsMastercard
Yvo AmarPartnerBenninkAmar
Topics will include:
- Differences from the 13th EU Sanctions Packages
- How to address in your contract clauses
- The use of total or partial embargos
- Russian government officials, Russian persons and state-owned enterprises
Change Break
BREAKOUT SESSIONS G (Select one session)
General Session
Compliance Recruiting and Retention: How to Find and Keep High Performing Sanctions Compliance Professionals
Crystal NoeGlobal Head of SanctionsKraken Digital Asset Exchange
Monica PetersGlobal Head of Sanctions & InterdictionWestern Union
Natalie FurneySenior Vice President and Deputy General Counsel- International and Regulatory LegalEli Lilly and Company
- Working with recruiters
- Recruiting from government vs. private sectors
- Outsourcing vs. increasing head count
- Expanding your network
Interactive Dialogues
Blocked Property Reporting and More Next Steps: Short- and Long-Term Considerations
Jessica BartlettManaging Director- Global Head of Financial Crime LegalBarclays
WSN Member
Angelique ShinglerExecutive Director and Assistant General CounselSMBC
- Specific requirements for your blocked property reports
- What happens to the title of the property?
- Understanding the implications of blocked property for an extended period of time
End of Conference
Women in Sanctions Network (WSN) Reception – Open to WSN Members Only
Post-Conference Workshops
May 1, 2024
Workshop A – Putting the 5 Pillars of Sanctions Compliance Into Practice: A Deep Dive Into Satisfying OFAC Requirements and Expectations
Tasha KelleyExport Control ManagerRolls-Royce
WSN Member
Denise BhoopSenior Manager of SanctionsRobinhood (WSN Member)
Bridget Van BurenChief of Sanctions Compliance Guidance and OutreachOffice of Foreign Assets Control, U.S. Department of the Treasury
Elizabeth ScottCompliance OfficerOffice of Foreign Assets Control, U.S. Department of the Treasury
Sarah HaggartyCompliance OfficerOffice of Foreign Assets Control, U.S. Department of the Treasury
Join a high-level interactive conversation on the intricacies of maintaining a highly effective sanctions compliance program. During this session, we will discuss the 5 pillars of compliance and compliance best practices for each:
Risk Assessment
- Key components of risk assessments
- Different rankings used
- How to mitigate high risk transactions
Testing and Auditing
- How do you audit your sanctions compliance program?
- What is the involvement of your internal audit team?
- Key components of a strong audit program
Training
- Traditional and innovative approaches to training
- Effective tools including in-person training, and computer-based training
- Determining the frequency of training (and re-training)
- Documenting \ training efforts
Internal Controls
- Documentation of your sanctions program
- How do you incorporate new restrictions into your program?
- How do you rectify a weakness in controls?
Senior Management Commitment
- Elements of a strong culture of compliance
- Techniques to demonstrate strong sanctions knowledge
- Challenges of engaging the entire organization
Workshop B – The Interplay of Economic Sanctions and Export Controls: Unraveling the Complexities of Compliance, Due Diligence and Monitoring
Christine LeeGlobal Head of ComplianceQorvo
WSN Member
Lexia KrownVP, Global Trade ComplianceESAB
David J. RibnerPartnerO’Melveny & Meyers
Participate in this timely in-depth session on the increasing complex export control landscape and how to dovetail evolving controls with your sanctions compliance program. Our expert faculty will walk you through the new risks and challenges-and how to tackle them:
- Biden approach to Export Controls as a national security tool
- Expanded China Semiconductor export control rules.
- Status of Russia export controls and considerations related to divestments.
- Proposed rules on cloud infrastructure provided and concerns about artificial intelligence.
- Lessons learned from joint sanctions/export controls enforcement related activities.
- De Minimis Rules and Foreign Direct Product Rule
- Export Controls issues on Russian divestments
- Due diligence best practices and mitigation diversion risks
- Differences in the UK and EU regulations