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
Robert SlackPartnerFenwick & West LLP
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: Meeting New Iran Sanctions Compliance Challenges Amid Shifting Geopolitical and Regulatory Changes
Mahmoud (Mac) FadlallahPartnerAkin Gump Strauss Hauer & Feld LLP
Brian O’TooleGlobal Head of SanctionsWells Fargo
Sara ThannhauserAssistant Director, Policy Division, Office of Foreign Assets ControlU.S. Department of the Treasury
- Increased geopolitical conflict in the Middle East-and the impact on the sanctions landscape
- Iran’s support of terrorist organizations, and the ongoing shipping tensions in the Mediterranean and Red Sea
- Preventing sanctions evasion and diversion: Use of Middle East as a transit point for China and Saudi Arabia
- Qatar, Iran and the security and geopolitical pressures affecting the present and future of sanctions risks
Lunch
BREAKOUT SESSIONS A (Select one session)
Brian GrantManaging Director - Head of Sanctions ComplianceMUFG
Andrew JensonManaging 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
- Impact of easing sanctions restrictions on Venezuela
- What should (and shouldn’t) you do about certain licensing expirations?
- Cuba- Managing conflicts of law with your Canadian transactions
- Nicaragua: Updates on designating senior government leaders
- Human rights considerations
- Interplay of narcotics trafficking risks
BREAKOUT SESSIONS B (Select one session)
Jen MakiSenior Director, Trade Legal & ComplianceApplied Technology
WSN Member
Darshak DholakiaPartnerDechert LLP
Eric J. Kadel Jr.PartnerSullivan & Cromwell LLP
Nancy FischerPartnerPillsbury Winthrop Shaw Pittman LLP
Kathryn JenneSenior Counsel, Anti-Corruption & Trade CounselAbbott Labs
WSN Member
- 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.
Beth BeamGlobal Head of SanctionsInteractive Brokers
WSN Member
Stephanie Brown CrippsPartnerFreshfields Bruckhaus Deringer
- 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 LLP
- 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
BREAKOUT SESSIONS D (Select one session)
Melissa DuffyPartnerFenwick & West LLP
Peter HarrellNon-Resident FellowCarnegie Endowment for International PeaceFormer Senior Directo for International Economics and Competitiveness The White House
Heather JacobsonDeputy DirectorBureau 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 LLP
- 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?
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
- 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
Kit ConklinSenior AdvisorU.S. House China Select Committee on China
Demetri SevastopuloFinancial Times US-China Correspondent
Daniel TannebaumPartnerOliver Wyman
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 SinghFormer Deputy National Security Advisor of the United States
- 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?
BREAKOUT SESSIONS E (Select one session)
Suzanne RyningDeputy Head of Financial Crimes PolicyStripe
WSN Member
Jason PrincePartnerCrowell & Morning LLPFormer OFAC Chief Counsel
- 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 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
- 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
Topics will include:
- Travel bans and asset freezes
- Sanctions targeting certain sectors: energy, securities, transport, media
- The use of total or partial embargos
- Russian government officials, Russian persons and state-owned enterprises
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
Denise BhoopSenior Manager of SanctionsRobinhood (WSN Member)
Bridget Van BurenSenior Sanctions Compliance Officer, Office of Foreign Assets ControlU.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