Navigating Russia Sanctions Complexities

Sep 24, 2018 9:00am - 5:00pm

$1,395

Speakers

Shannon Barna
Senior Counsel – Sanctions
GE Global Operations (Washington, DC)

Brian Egan
Partner
Steptoe & Johnson LLP (Washington, DC)

Andrew Keller
Chief Democratic Counsel
US Senate Foreign Relations Committee (Washington, DC)

Glen Kelley
Partner
Jacobson Burton Kelley PLLC (New York, NY)

Alice Rojas
Head, Sanctions Governance and OFAC Reporting Financial Crime Compliance – America
Standard Chartered Bank (Newark, NJ)

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

Benjamin Davis
Chief Research Officer
Kharon

What is it about?

2018 has proven to be quite busy regarding the Russia sanctions landscape. On April 6, the Administration issued additional sanctions against seven Russian oligarchs with ties to President Vladimir Putin along with 12 companies they own or control. These sanctions issued under the Countering America’s Adversaries Through Sanctions Act(CAATSA), differ from previous restrictive U.S. measures in both aim and execution.

Based on popular demand, ACI has developed a new interactive one-day program to provide timely guidance on the complex sanctions against Russia. The program will be taught by experienced senior in-house counsel and private practitioners who will stay all day to answer questions during the program. This program is designed for both financial institutions and global exporters.

Topics to be covered include:

  • Current Status of Russia Economic Sanctions
  • Lessons Learned and the Impact of OFAC’s April 6, 2018 Designations
  • Practical Considerations for Screening, Ownership and Control
  • The Role of CAATSA on Future Sanctions
  • Differences Between US and EU Sanctions
  • Navigating the Intersection of Sanctions and Export Controls

 

 

Full Day Pre-Conference Seminar, Monday, September 24, 2018

8:15
Registration and Continental Breakfast
9:00
Current State of Russia Economic Sanctions

Andrew Keller
Chief Democratic Counsel
US Senate Foreign Relations Committee (Washington, DC)

Brian Egan
Partner
Steptoe & Johnson LLP (Washington, DC)

  • Overview of changes to U.S. Russia sanctions and impact of new Russia counter-sanctions
  • Asssesing the impact of OFAC’s April 6, 2018 designations
  • Handling issues associated with potential impact of CAATSA secondary sanctions (sections 226 and 228)
  • The key lists: OFAC’s Sectoral Sanctions Identification (SSI) and Specially Designated Nationals (SDN) lists
10:00
Lessons Learned and the Practical Impact of OFAC’s April 6, 2018 Designations

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


Glen Kelley

Partner
Jacobson Burton Kelley PLLC​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ (New York, NY)

  • Key points regarding OFAC’s guidance and interpretation of General Licenses
  • Lessons learned in drafting sanctions clauses in contracts and agreements
  • Working with OFAC on a growing number of “wind-down” licenses
  • U.S. primary and secondary sanctions from a Non-U.S. perspective
11:00
Networking Break
11:15
Real World Considerations for Screening, Ownership and Control

Alice Rojas
Head, Sanctions Governance and OFAC Reporting Financial Crime Compliance – America
Standard Chartered Bank (Newark, NJ)

Benjamin Davis
Chief Research Officer
Kharon

  • Applying OFAC’s 50% rule in the real world
  • Best practices in restricted party screening for financial institutions and companies
  • Practical issues when dealing with parties on OFAC’s Sectoral Sanctions Identification (SSI) and Specially Designated Nationals (SDN) lists
  • How to handle companies with a CEO or Director on the SDN list
12:15
Networking Lunch
1:15
Economic Sanctions Policy — The Role of CAATSA on Future Sanctions

Shannon Barna
Senior Counsel – Sanctions
GE Global Operations (Washington, DC)

  • How Congress, the Department of the Treasury and the State Department will work together going forward.
2:15
Navigating the Intersection of Sanctions and Export Controls

Glen Kelley
Partner
Jacobson Burton Kelley PLLC (New York, NY)

  • Particular challenges when exporting products that could be used in the Russian oil and gas industry
  • Compliance implications of so many sanctioned entities also being in the Entity List
  • Staying out of trouble under the broad sanctions and export controls for Crimea
3:15
Networking Break
3:30
Interactive Session: Test Your Knowledge of Multiple Sanctions Restrictions Under CAATSA

Brian Egan
Partner
Steptoe & Johnson LLP (Washington, DC)

  • Flow down ownership percentage assessments
  • SDN red flags
  • Financing/new debt restrictions
  • Secondary sanctions risks
4:30
Q & A Panel
5:00
Program Concludes