Pre-Conference Workshops

Workshop A — Comprehensive Overview of U.S. Sanctions Regulatory Regimes and the Key Components of an Effective Sanctions Compliance Program

Jul 28, 2020 9:00am – 12:30pm

Speakers

Brenda Perrotti
Enterprise BSA/AML and Sanctions
PNC

Rachel Alpert
Counsel
Latham & Watkins LLP

Robert Slack
Partner
Kelley Drye & Warren LLP

Workshop B — Russia Deep Dive: Staying Compliant with Primary and Secondary Sanctions Restrictions

Jul 28, 2020 1:30pm – 5:00pm

Speakers

Phillip Byrnes
Deputy Head, Sanctions, Financial Crime Compliance
Standard Chartered Bank

Inna Tsimerman
Chief International Trade Counsel
Gallagher

Cari N. Stinebower
Partner
Winston & Strawn LLP

Day 1 - Wednesday, July 29, 2020

8:30
Co-Chairs Opening Remarks
8:45
LIVE ONLY — OFAC KEYNOTE ADDRESS
9:30

ECONOMIC SANCTIONS YEAR IN REVIEW

LIVE ONLY — Agencies Discuss Regulatory and Enforcement Priorities for 2020 and Beyond
10:45
Break
11:15

RUSSIA SANCTIONS

LIVE ONLY — Unraveling the Complexities of Primary, Sectoral, CAATSA and Secondary Sanctions
12:15

NEW SANCTIONS ANNOUNCED

Creating a Roadmap to Address Compliance Considerations Quickly When Necessary
1:00
Break
1:45
Afternoon Tracks
2:30
Change Break
2:35
Afternoon Tracks
3:15
Break
3:45
Afternoon Tracks
4:30
Change Break
4:35
Afternoon Tracks
5:15
End of Day One

Day 2 - Thursday, July 30, 2020

8:45
Co-Chair’s Opening Remarks
9:00
LIVE ONLY — Keynote Address
9:30

IRAN SANCTIONS

LIVE ONLY — What is the Future of the JCPOA?
10:30
Break
11:00

Focus on Sanctions and Export Controls

The U.S. is Expanding Implementation and Enforcement as a Foreign Policy Tool
11:45

Venezuela Sanctions

LIVE ONLY — Staying Ahead of Increasing Venezuela Sanctions
12:30

FINANCIAL INSTITUTION DUE DILIGENCE PANEL

Increased Focus on Due Diligence and Understanding the Current Business Climate
1:30
Break
2:15
Minimizing Global Shipping and Maritime Risks
3:00
Avoiding Sanctions Complications During Mergers and Acquisitions
4:00
Conference Adjourns

Day 1 - Wednesday, July 29, 2020

8:30
Co-Chairs Opening Remarks
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Greta Lichtenbaum
Partner
O’Melveny & Myers LLP (Washington, DC)

8:45
LIVE ONLY — OFAC KEYNOTE ADDRESS

Andrea Gacki
Director
Office of Foreign Assets Control

9:30

ECONOMIC SANCTIONS YEAR IN REVIEW

LIVE ONLY — Agencies Discuss Regulatory and Enforcement Priorities for 2020 and Beyond
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Taylor V. Ruggles
Director, Office of Sanctions Policy and Implementation
U.S. Department of State

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Lawrence Scheinert
Associate Director, Office of Foreign Assets Control
U.S. Department of the Treasury

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Matthew Boreman
Deputy Assistant Secretary of Commerce for Export Administration
U.S. Department of Commerce

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Ruchi Gill
U.S. Senate Staff

Moderator:

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Peter Lichtenbaum
Partner
Covington & Burling LLP

  • Renewed focus on non-financial industries
  • What is the impact of increased use of the entity list
  • New VSD policy for export control and sanctions violations
  • How the agencies work collaboratively
  • Trends to expect for the coming year

10:45
Break
11:15

RUSSIA SANCTIONS

LIVE ONLY — Unraveling the Complexities of Primary, Sectoral, CAATSA and Secondary Sanctions
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Daniel Silverberg
U.S. Congressional Staff

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Greta Lichtenbaum
Partner
O’Melveny & Myers LLP (Washington, DC)

  • New sectorial sanctions related to debt, equity and energy
  • Lessons learned from recent enforcement action
  • Coordinated sanctions with other countries but areas where they diverge
  • Status of Defending American Security from Kremlin Aggression Act bill against Russian oligarchs, banking sector and sovereign debt

12:15

NEW SANCTIONS ANNOUNCED

Creating a Roadmap to Address Compliance Considerations Quickly When Necessary
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Lynn Van Buren
Associate General Counsel, Global Trade Compliance
Verizon

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Laura Yovanoff Miller
Deputy Global Head of Sanctions
Goldman Sachs

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Jen Maki
Director, Global Trade Compliance
Micron Technology

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Matthew Tuchband
Counsel
Arent Fox

  • Screening – How quickly does your software update lists?
  • Looking beyond your customer lists – Where are you vulnerable?
  • Authorizing on-going activities
  • Identifying affected assets prior to screening processes taking effect, implementing non-screening controls and immobilizing or controlling affected assets
  • Terminating relationships – Will there be a wind-down period?
  • Tips learned when Turkey sanctions were announced and repealed very quickly

1:00
Break
1:45
Afternoon Tracks

2:30
Change Break
2:35
Afternoon Tracks

3:15
Break
3:45
Afternoon Tracks

4:30
Change Break
4:35
Afternoon Tracks

5:15
End of Day One

Day 2 - Thursday, July 30, 2020

8:45
Co-Chair’s Opening Remarks

Nathan Harsch
Vice President & Chief Compliance Officer, Legal & Compliance
Westinghouse Electric Company LLC

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Eric J. Rudolph
Senior Director, Forensic & Litigation Consulting
FTI Consulting

9:00
LIVE ONLY — Keynote Address
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Andrew Weinshenk
Acting Deputy Assistant Secretary for Counter Threat Finance and Sanctions
Bureau of Economic and Business Affairs

9:30

IRAN SANCTIONS

LIVE ONLY — What is the Future of the JCPOA?
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Patrick Hu
Sanctions Compliance Officer, Office of Foreign Assets Control
U.S. Department of the Treasury

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Richard Dunmall
EMEA Head of Sanctions
Sumitomo Mitsui Banking Corporation

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James A. Earl
Special Counsel
Sullivan & Cromwell LLP

  • What’s next after E3 triggers JCPA snapback process?
  • Current climate in EU companies on doing business with Iran
  • Specifics of the dispute resolution process
  • Potential for Iran compliance or new replacement deal to bring back the U.S.

10:30
Break
11:00

Focus on Sanctions and Export Controls

The U.S. is Expanding Implementation and Enforcement as a Foreign Policy Tool
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Ambassador Daniel Fried
Former Coordinator for Sanctions Policy (2013 – 2017)

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Elizabeth Rosenberg
Senior Fellow & Sec Program Director
Center for a New American Security

John E. Smith
Partner
Morrison & Foerster LLP

  • Increasing use of U.S. sanctions and export controls to force compliance with U.S. policy around the globe
  • Next steps for U.S. trade controls as U.S. national security/foreign policy objectives clash with European and Asian approaches (e.g., Huawei, Nord Stream 2)
  • Possible reactions and countermeasures from China, Europe, and Russia
  • Navigating business decisions in this uncertain political climate, particularly in light of the upcoming election

11:45

Venezuela Sanctions

LIVE ONLY — Staying Ahead of Increasing Venezuela Sanctions
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Bridget Van Buren
Senior Sanctions Compliance Officer, Office of Foreign Assets Control
U.S. Department of the Treasury

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Eric J. Kadel Jr
Partner
Sullivan & Cromwell LLP

12:30

FINANCIAL INSTITUTION DUE DILIGENCE PANEL

Increased Focus on Due Diligence and Understanding the Current Business Climate

Dorothy Bennett
Global Head of Sanctions
JP Morgan Chase & Co.

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Susan Rodihan Dupuy
Managing Director, Head of Sanctions Compliance for the Americas
Societe Generale

Jamie Boucher
Partner
Skadden, Arps, Slate, Meagher & Flom LLP

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Roberto J. Gonzalez
Partner
Paul, Weiss, Rifkind, Wharton & Garrison LLP

  • What are the regulatory obligations for your clients?
  • Explore evolving regulatory and counterparty expectations to manage direct and indirect sanctions risk
  • Discuss risk-based strategies to comply with these expectations
  • Enhanced due diligence in M&A transactions

1:30
Break
2:15
Minimizing Global Shipping and Maritime Risks
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Livio Russo
Global Head of Financial Crime Compliance
Generali

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Nicole Erb
Partner
White & Case LLP

  • OFAC and State Department guidance
  • Lessons learned from recent enforcement actions
  • What to watch with vessel documents
  • Disabled automatic identification systems
  • Working with carriers and insurance companies

3:00
Avoiding Sanctions Complications During Mergers and Acquisitions
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Amanda DeBusk
Partner
Dechert

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Stacey Babson-Smith
Vice President, Chief Ethics & Compliance Officer
Terex Corporation

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Sean Kane
Director for Sanctions and AML
PayPal

  • What is effective pre-merger due diligence?
  • What is the appropriate lever of due diligence post-merger?
  • Red flags to look for and how to effectively respond
  • Whether to file a voluntary disclosure and, if so, when?
  • Merging and harmonizing compliance policies
  • Lessons learned from recent OFAC enforcement actions arising from mergers

4:00
Conference Adjourns

Workshop A — Comprehensive Overview of U.S. Sanctions Regulatory Regimes and the Key Components of an Effective Sanctions Compliance Program

Jul 28, 2020 9:00am – 12:30pm

Brenda Perrotti
Enterprise BSA/AML and Sanctions
PNC

Rachel Alpert
Counsel
Latham & Watkins LLP

Robert Slack
Partner
Kelley Drye & Warren LLP

What is it about?

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, and North Korea
  • 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
  • Learn about OFAC expectations for your compliance program
  • Tailoring internal compliance procedures to the site and country
  • Implementing a global licensing strategy

Workshop B — Russia Deep Dive: Staying Compliant with Primary and Secondary Sanctions Restrictions

Jul 28, 2020 1:30pm – 5:00pm

Phillip Byrnes
Deputy Head, Sanctions, Financial Crime Compliance
Standard Chartered Bank

Inna Tsimerman
Chief International Trade Counsel
Gallagher

Cari N. Stinebower
Partner
Winston & Strawn LLP

What is it about?

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