Workshop B — A Practical Guide to Sanctions Screening: How to Leverage Technology to Meet OFAC Expectations and Resolve High Stakes Challenges

Dec 5, 2022 1:30pm – 5:00pm

Galina Free
Director- Global Trade Compliance
Danaher Corporation

Silvia Kleer
Export Controls and Sanctions Counsel
Ford

Sanctions professionals are working diligently to strengthen their screening programs amid new guidance from OFAC on IP blocking, geofencing, and new designations. With so many recent developments, this workshop will provide an updated screening roadmap and the latest best practices for optimizing your program. This hands-on workshop will be interactive as the participants share their screening challenges and benchmark with each other.

Topics to be covered include:

  • Beneficial ownership/50% rule best practices
  • Managing language differences
  • Implications of MidFirst Bank enforcement actions on a misunderstanding of the frequency of its vendor’s screening of new names added to the SDN List against its existing customer base
  • Techniques to ensure adequate screening for Russia new investment and no-list based sanctions
  • Using software to eliminate duplicates, store your records and stay compliant with the latest privacy restrictions
  • Concrete examples of upgraded screening in response to rapidly changing developments, SDN and more list additions/removals
  • Dealing with false positives in your screening activities