Multi-million dollar settlements, including BNP Paribas, Weatherford, JPMorgan, Flowserve, Credit Suisse, Lloyds and HSBC are stark reminders of the heavy price of violating U.S. sanctions and the U.S. Government’s resolve to aggressively prosecute OFAC violations by U.S. and non-U.S. entities. Such enforcement activity will undoubtedly continue and underscores the importance of having an effective risk-based sanctions compliance program. Happening for the very first time in San Diego, ACI’s Economic Sanctions West Coast Forum was designed to provide the most comprehensive, practical insights into the latest economic sanctions developments and what exporters must do to keep their compliance program up to date. This one-day event will feature government officials, seasoned in-house representatives and expert outside counsel. The program deals with current issues and will be updated as new sanctions restrictions are added or reduced. Expand your knowledge with the latest guidance on economic sanctions restrictions. Topics will include:

  • Take-aways from the big settlements – common features and elements of BNP Paribas, Schlumberger, and other recent cases
  • Key elements of effective internal self-assessments, and who should conduct them
  • Evaluating your screening filter – how to measure the functionality, effectiveness and user friendliness of available systems
  • Spotting connections to related compliance issues such as FCPA, BSA/AML, Export Controls, or CFIUS

Also benefit from:

  • Case Studies: Russia’s 50% Rule – Scenarios to Avoid a Violation of the Ownership Rule
  • Facilitation Theory of Liability – New Trends in Enforcement of Sanctions Violations

Pre-Forum Working Group on July 25, 2015 – 1:30 p.m. to 5:00 p.m.
U.S. Economic Sanctions – Nuts and Bolts Guide to Understanding the Basics of Economic Sanctions Compliance and Interacting with the Office of Foreign Assets Control (OFAC)

Expert workshop leaders will take you through the ins and outs of principal sanctions regimes, including those involving Iran, Russia, Libya, Sudan, Myanmar, North Korea and Cuba, and their interplay with other laws, such as export controls and antimoney laundering laws. They will discuss core issues related to economic sanctions laws, focus on the “nuts and bolts” and supply you with a foundation for dealing with your most pressing daily compliance challenges. Benefit from first-hand OFAC insights, and enhanced Q&A. Ample time will be left for questions, so come prepared for a lively discussion.

Over the course of the day, you will have ample opportunity to ask questions, learn from experts in the field, and compare notes with your peers. Seats at this event will go quickly. Ensure your team’s place is secured early by calling 1-888-224-2480; faxing your registration to 1-877-927-1563; or register online.