Workshop A – Comprehensive Overview of US Sanctions Regulatory Regimes and the Essential Elements of an Effective Compliance Program

May 1, 2019 9:00am - 12:30pm

Speakers

Scott Horton
Associate General Counsel
AIG (New York, NY)

Arlette Grabczynska
Of Counsel
DLA Piper LLP (Chicago, IL)

Eliot St. John
Sanctions Compliance Officer
Office of Foreign Assets Control

U.S. Department of the Treasury

Workshop B – Deep Dive: Staying Compliant with Primary and Secondary Russia Sanctions Restrictions and Complex Scenarios

May 1, 2019 1:30pm - 5:00pm

Speakers

Mark Jensen
Senior Sanctions Counsel
Wells Fargo Bank (Washington, DC)

Greta Lichtenbaum
Partner
O’Melveny & Myers LLP

Day 1 - Thursday, May 2, 2019

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

OFAC KEYNOTE

OFAC KEYNOTE
9:15

ECONOMIC SANCTIONS YEAR IN REVIEW

Agencies Discuss Regulatory and Enforcement Priorities for 2019 and Beyond
10:15

THE INCREASING ROLE OF CONGRESS ON SANCTIONS

Legislative Outlook for 2019 and Beyond
10:45
Networking Break
11:00

FOCUS ON RUSSIA

Mastering the Challenges of Implementing of Russia Primary and Secondary Sanctions
12:00

KEYNOTE ADDRESS

KEYNOTE ADDRESS
12:30

Networking Luncheon for Speakers & Attendees

Special Interest Group (SIG) Discussion for Dedicated Industries

During lunch participants from specific industries will have the opportunity for structured networking and the chance to meet with their peers. Tables will be reserved, and advanced sign-up will be offered

1:45
How Leading Companies are Prioritizing Sanctions Compliance for Current and Future Business Opportunities
2:30
Networking Break
2:44
AFTERNOON TRACKS
2:45

TRACK 1 | REGULATORY DEEP DIVE

Lessons Learned from Recent Enforcement Actions
2:46

TRACK 2 | INTERACTIVE POLLING SCENARIOS

Implementing Complex Scenarios for the 50% Rule and Other Questions on Russia Sanctions
3:30
Change Break
3:35

TRACK 1 | REGULATORY DEEP DIVE

Deep Dive into Venezuela Sanctions
3:36

TRACK 2 | INTERACTIVE POLLING SCENARIOS

Intersection of Sanctions and Export Controls
4:30
Change Break
4:35

TRACK 1 | REGULATORY DEEP DIVE

Cross-Agency Collaboration: Criminal, Civil, and Administrative Alternatives
4:36

TRACK 2 | INTERACTIVE POLLING SCENARIOS

Shipping, Transport and Insurance Compliance Dilemmas
5:30
Networking Reception Sponsored by
6:30
Conference Adjourns to Day 2

Day 2 - Friday, May 3, 2019

7:30

EARLY RISER SESSION

Women in International Trade and Compliance Networking Session
7:45
Continental Breakfast
8:30
Co-Chairs Opening Remarks
8:35

GLOBAL SANCTIONS CHALLENGES AND BEST PRACTICES

Navigating the Conflicts of Law Between US Sanctions and the European Blocking Statutes
9:35

FINANCIAL INTELLIGENCE

How to Detect Trends in Sanctions Evasion
10:30
Networking Break
10:50

INCREASED FOCUS ON CHINA

How Sanctions and Export Controls are Being Used as a Major Part of the Overall U.S. Policy on China
11:30

KEYNOTE ADDRESS

KEYNOTE ADDRESS
12:00
Lunch
1:15

NEW OFAC COMPLIANCE GUIDELINES

Unraveling the Evolving OFAC Compliance Standards and Expectations
2:10
Networking Break
2:24
AFTERNOON TRACKS
2:25

TRACK 1 | SANCTIONS COMPLIANCE

Non-U.S. Companies: Top Five Common Sanctions Mistakes to Avoid
2:26

TRACK 2 | EMERGING ISSUES

Focus on Technology Infrastructure: How Your Organization Should Manage Data Quality
3:25
Change Break
3:30

TRACK 1 | SANCTIONS COMPLIANCE

North Korea Sanctions Challenges: Scenario’s That Require Additional Due Diligence
3:31

TRACK 2 | EMERGING ISSUES

Debt, Equity, Derivatives and other Securities-Related Sanctions Issues
4:30
Conference Adjourns

Day 1 - Thursday, May 2, 2019

7:45
Registration & Continental Breakfast
8:30
Co-Chairs Opening Remarks
Frederick Reynolds

Frederick Reynolds
Global Head of Financial Crime, Competition and Employment Legal
Barclays (New York, NY)

John Smith

John E. Smith
Partner
Morrison & Foerster LLP (Washington, DC)

8:45

OFAC KEYNOTE

OFAC KEYNOTE

Andrea Gacki
Director, Office of Foreign Assets Control
U.S. Department of the Treasury

9:15

ECONOMIC SANCTIONS YEAR IN REVIEW

Agencies Discuss Regulatory and Enforcement Priorities for 2019 and Beyond

Elizabeth Cannon
Deputy Chief for Export Controls and Sanctions
U.S. Department of Justice

Mario Mancuso
Partner
Kirkland & Ellis LLP (Washington, DC)

Mr. Joshua Mater
Senior Sanctions Coordinator
Office of Sanctions Policy and Implementation (EB/TFS/SPI)

U.S. Department of State

Alexandre Manfull
Assistant Director, Sanctions Compliance & Evaluation
Office of Foreign Assets Control U.S. Department of the Treasury

10:15

THE INCREASING ROLE OF CONGRESS ON SANCTIONS

Legislative Outlook for 2019 and Beyond

Andrew Keller
Chief Democratic Counsel
U.S. Senate Foreign Relations Committee

Daniel Silverberg
U.S. Congressional Staff

  • How Congress and the Executive Branch work together on potentialnew sanctions
  • Current congressional priorities and area of focus
  • Congressional review of sanctions actions
  • Extraterritorial reach- Enhanced use of secondary sanctions and impact on non-US companies

10:45
Networking Break
11:00

FOCUS ON RUSSIA

Mastering the Challenges of Implementing of Russia Primary and Secondary Sanctions

Diego Marquez
Senior Counsel - Economic Sanctions and International Trade Compliance
General Electric Company (Washington, DC)

Maureen Dollinger O’Connor
Director- Americas Head, Financial Crime Legal
Barclays (Washington, DC)

Eric J. Kadel, Jr.
Partner
Sullivan & Cromwell LLP

Matthew Townsend
Partner
Allen & Overy LLP

Corey Phelps
Compliance Officer, Sanctions Compliance & Evaluation
Office of Foreign Assets Control U.S. Department of the Treasury

This panel will discuss various aspects of the Ukraine-/Russia-related Sanctions, including:

  • Compliance challenges highlighted by and experiences under the OFAC designations on April 6, 2018
  • The delisting of En+ Group, Rusal and JSC EuroSibEnergo
  • Determining what is a “significant transaction” for purposes of the Countering America’s Adversaries Through Sanctions Act of 2017 (CAATSA) and the Support for the Sovereignty, Integrity, Democracy, and Economic Stability of Ukraine Act of 2014 (SSIDES)
  • Compliance challenges for participants in the financial and energy sectors
  • What’s ahead – navigating the complexities of potential new designations and potential new sanctions

12:00

KEYNOTE ADDRESS

KEYNOTE ADDRESS

Sigal P. Mandelker
Under Secretary for Terrorism and Financial Intelligence
U.S. Department of the Treasury

12:30

Networking Luncheon for Speakers & Attendees

Special Interest Group (SIG) Discussion for Dedicated Industries

During lunch participants from specific industries will have the opportunity for structured networking and the chance to meet with their peers. Tables will be reserved, and advanced sign-up will be offered

1:45
How Leading Companies are Prioritizing Sanctions Compliance for Current and Future Business Opportunities

Chad Thompson
Lead Counsel, International Trade and Export Compliance
General Motors (Detroit, MI)

Neena Shenai
Principal Global Trade Counsel
Corporate Legal Regulatory

Medtronic (Washington, DC)

Margaret Mousoudakis
Counsel & Assistant Compliance Officer
LyondellBasell

Delia Pawelke
Global Sanctions Officer
Stripe, Inc.

Kwame J. Manley
Partner
Paul Hastings LLP (Washington, DC)

Participate in a discussion with in-house executives who share their experiences on managing the increased risks for a potential sanction violation. They will share perspectives on how they educate senior executives on the rapidly changing economic sanctions along with the key factors in evaluating new business opportunities in the global economy.

2:30
Networking Break
2:44
AFTERNOON TRACKS
2:45

TRACK 1 | REGULATORY DEEP DIVE

Lessons Learned from Recent Enforcement Actions

Pinar Gungoren Chedru
Global Head of Economic Sanctions Compliance
Societe Generale SA (France)

Rachel Fiorill
Counsel
Paul, Weiss, Rifkind, Wharton & Garrison LLP (Washington, DC)

Allie Cheatham
Executive Director - Compliance Director
JP Morgan Chase & Co. (New York, NY)

  • Enforcement priorities revealed from recent penalties
  • What changes are required after an enforcement action
  • Experiences of having a sanction monitor
  • Navigating the public relations aspect of an enforcement actions

2:46

TRACK 2 | INTERACTIVE POLLING SCENARIOS

Implementing Complex Scenarios for the 50% Rule and Other Questions on Russia Sanctions

Michael Zytnick
Director, Head of Sanctions Strategy and Development
Deutsche Bank (New York, NY)

Les P. Carnegie
Partner
Latham & Watkins LLP (Washington, DC)

James A. Earl
Special Counsel
Sullivan & Cromwell LLP

Oliver Bodmer
Senior Product Manager
SIX Financial Information

  • Overview of OFAC’s 50% rule
  • OFAC’s 50% rule enforcement cases
  • How to apply the 50% rule based on common and complex examples Practical diligence tips relating to 50% rule compliance
  • Payment considerations with respect to Russia sectoral sanctions parties

3:30
Change Break
3:35

TRACK 1 | REGULATORY DEEP DIVE

Deep Dive into Venezuela Sanctions

Brian O’Toole
Senior Vice President, AML Executive for Sanctions
BB & T Bank (Raleigh, NC)

Melissa Bohannon
Director of Trade Compliance
Weatherford (Houston, TX)

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

Bridget Van Buren
Sanctions Compliance Officer, Office of Foreign Assets Control
U.S. Department of the Treasury

  • Update on current sanctions restrictions
  • Challenges collecting old debt when the customer is PdVSA
  • How to resolve when the customer is a JV with PdVSA as majority including when partner is foreign

3:36

TRACK 2 | INTERACTIVE POLLING SCENARIOS

Intersection of Sanctions and Export Controls

Nancy Fischer
Partner
Pillsbury Winthrop Shaw Pittman LLP (Washington, DC)

Thai Trower
Senior Director, Global Sanctions and Regulatory Compliance
Wal-Mart Stores, Inc.

  • Key issues in the Export Control Reform Act of 2018
  • Updates to the regulations and how they affect US and EU companies
  • Overview of how cross agencies work together on investigations
  • New rules on emerging and foundational technologies

4:30
Change Break
4:35

TRACK 1 | REGULATORY DEEP DIVE

Cross-Agency Collaboration: Criminal, Civil, and Administrative Alternatives

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

Deborah A. Curtis
Deputy Chief Assistant U.S. Attorney National Security Section
U.S. Attorney's Office for the District of Columbia

Christopher Conroy
Chair Major Economic Crimes Bureau
NY County District Attorney’s Office for the Southern District of New York

Phil Kuhn
Special Agent Office of Export Enforcement
U.S. Department of Commerce

  • Strategies for coordinating investigations and resolutions
  • Cooperation and managing foreign privacy rules
  • Global settlements and crediting

4:36

TRACK 2 | INTERACTIVE POLLING SCENARIOS

Shipping, Transport and Insurance Compliance Dilemmas

Karen H. Robertson
Senior Manager, Global Trade Compliance
Uber (San Francisco, CA)

Inna Tsimerman
Chief Privacy and International Trade Counsel
Marsh & McLennan Companies, Inc. (Chicago, IL)

  • New OFAC Rulings on shipping concerns re North Korea and insurance coverage
  • Coverage concerns for marine cargo charters, liability insurance, and transfer of ownership
  • Lessons learned from new transportation modes
  • Impact of sanctions exclusions on coverage
  • Supply chain security and C-TPAT issues

5:30
Networking Reception Sponsored by
6:30
Conference Adjourns to Day 2

Day 2 - Friday, May 3, 2019

7:30

EARLY RISER SESSION

Women in International Trade and Compliance Networking Session

Nausheen Hassan
Export/Sanctions Counsel
Varian Medical Systems (Washington, DC)

Judith A. Lee
Partner
Gibson Dunn & Crutcher LLP (Washington, DC)

7:45
Continental Breakfast
8:30
Co-Chairs Opening Remarks
Frederick Reynolds

Frederick Reynolds
Global Head of Financial Crime, Competition and Employment Legal
Barclays (New York, NY)

John Smith

John E. Smith
Partner
Morrison & Foerster LLP (Washington, DC)

8:35

GLOBAL SANCTIONS CHALLENGES AND BEST PRACTICES

Navigating the Conflicts of Law Between US Sanctions and the European Blocking Statutes

Heather Epstein
Vice President, Americas Financial Crime Legal
Barclays (Washington, DC)

Guy Martin
Partner
Carter-Ruck Solicitors

John Smith

John E. Smith
Partner
Morrison & Foerster LLP (Washington, DC)

Gerry Regan
First Secretary, Sanctions
Foreign and Security Policy Group

  • Update on the conflict of laws between the US and EU over Iran and Cuba sanctions
  • Discuss the growing conflict on Russia sanctions
  • Provide best practices and other advice for the private sector in navigating the conflict
  • Update on the latest information emerging from the US, the EU, and Member State Governments on possible next steps

9:35

FINANCIAL INTELLIGENCE

How to Detect Trends in Sanctions Evasion

Robert Hurst
Global Head of Sanctions Compliance
PayPal (New York, NY)

Jamie Boucher
Partner
Skadden, Arps, Slate, Meagher & Flom LLP (Washington, DC)

Dorothy Bennett
Global Head of Sanctions
JPMorgan Chase (Washington, DC)

  • Overview of new schemes including bartering to avoid sanctions
  • Collaboration between Financial Institutions and Law Enforcement
  • Impact of countries buying cryptocurrency to evade sanctions
  • OFAC guidance for this rapidly development area

10:30
Networking Break
10:50

INCREASED FOCUS ON CHINA

How Sanctions and Export Controls are Being Used as a Major Part of the Overall U.S. Policy on China

Scott M. Flicker
Partner
Paul Hastings LLP (Washington, DC)

Christian Davis
Partner
Akin Gump Strauss Hauer & Feld LLP (Washington, DC)

  • U.S. responses to Chinese technology investment and development
  • Use of sanctions, export controls and CFIUS to meet this challenge
  • Ongoing impact from legal actions against Huawei and ZTE
  • Future of the U.S. and China trade and investment relationship

11:30

KEYNOTE ADDRESS

KEYNOTE ADDRESS

David Peyman
Deputy Assistant Secretary of State for Counter Threat Finance and Sanctions
U.S. Department of State (Washington, DC)

12:00
Lunch
1:15

NEW OFAC COMPLIANCE GUIDELINES

Unraveling the Evolving OFAC Compliance Standards and Expectations

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

Nicole Sayegh Succar
FCC Regional Head of Sanctions Advisory
HSBC North America (New York, NY)

Roberto Gonzalez
Partner
Paul, Weiss, Rifkind, Wharton & Garrison LLP (Washington, DC)

Alexandre Manfull
Assistant Director, Sanctions Compliance & Evaluation
Office of Foreign Assets Control U.S. Department of the Treasury

  • Need for risk-based approach to sanctions compliance
  • What OFAC expects for documentation of your program
  • How technology can be leveraged to strengthen compliance
  • Strategies to keep your compliance program up to date

2:10
Networking Break
2:24
AFTERNOON TRACKS
2:25

TRACK 1 | SANCTIONS COMPLIANCE

Non-U.S. Companies: Top Five Common Sanctions Mistakes to Avoid

Karen A. Walter
Head of Compliance Regulatory & Advisory
Allianz SE (Germany)

Maura Rezendes
Senior Counsel
Allen & Overy LLP (New York, NY)

Henry Smith
Partner
Control Risks

Non-US companies face real challenges to navigate the changing sanctions landscape and to work out reasoned and safe courses of action in the face of conflicting legal requirements. This session will present some major sanctions pitfalls for non-US companies, and will help companies start to think about ways to further improve their compliance program. The session will focus on issues related to primary sanctions, secondary sanctions and the facilitation rule.

2:26

TRACK 2 | EMERGING ISSUES

Focus on Technology Infrastructure: How Your Organization Should Manage Data Quality

Caroline Murray Walsh
Senior Counsel, Global Trade
Raytheon Company (Arlington, VA)

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

  • Why are companies consolidating systems?
  • Critical need for data quality
  • Advantages of having a one screening solution
  • How to test your system

3:25
Change Break
3:30

TRACK 1 | SANCTIONS COMPLIANCE

North Korea Sanctions Challenges: Scenario’s That Require Additional Due Diligence

  • Overview of current sanctions in place today
  • US response re shipping practices and supply chain links
  • Risks for Non-North Korean parties
  • Challenges with Chinese counterparties

3:31

TRACK 2 | EMERGING ISSUES

Debt, Equity, Derivatives and other Securities-Related Sanctions Issues

Sean Thornton
Managing Director and Head of Legal Financial Security
BNP Paribas

Carlton M. Greene
Partner
Crowell & Moring LLP

  • Sanctions issues that may arise in the context of securities and derivatives
  • Particular issues to be watch out for Russia and Venezuela sanctions
  • Case studies of real-world situations and practical solutions

4:30
Conference Adjourns

Workshop A – Comprehensive Overview of US Sanctions Regulatory Regimes and the Essential Elements of an Effective Compliance Program

May 1, 2019 9:00am - 12:30pm

$600

Speakers

Scott Horton
Associate General Counsel
AIG (New York, NY)

Arlette Grabczynska
Of Counsel
DLA Piper LLP (Chicago, IL)

Eliot St. John
Sanctions Compliance Officer
Office of Foreign Assets Control

U.S. Department of the Treasury

What is it about?

Registration at 8:30)

Get updated on the latest U.S. Sanctions restrictions in effect today. Participants of this interactive and practical 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
  • 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
  • How to establish a compliance and screening program
  • Tailoring internal compliance procedures to the site and country
  • Implementing a global licensing strategy

Workshop B – Deep Dive: Staying Compliant with Primary and Secondary Russia Sanctions Restrictions and Complex Scenarios

May 1, 2019 1:30pm - 5:00pm

$600

Speakers

Mark Jensen
Senior Sanctions Counsel
Wells Fargo Bank (Washington, DC)

Greta Lichtenbaum
Partner
O’Melveny & Myers LLP

What is it about?

Registration at 1:00)

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