Day 1 - Monday, January 27, 2020

Registration and Continental Breakfast
Opening Remarks
Deep Dive into U.S. Primary and Secondary Sanctions

  • Understanding the roles of the primary agencies: OFAC, BIS, and State
  • Key Definitions: OFAC, US Person, US Nexus, SDN, and sanctioned countries
  • Differences between statues, regulations, directives, formal guidance, interpretations, and FAQ’s
  • Types of sanctions – embargos, prohibited parties/activities, secondary sanctions
  • List based sanctions programs

OFAC Expectations for Your Sanctions Compliance Program and Key Elements of an Effective Plan

  • Understanding your risk profile
  • Strengthening your internal controls
  • Components of sanctions training program
  • Use of audit to test your compliance program
  • How to gain senior management buy-on

Networking Break
How to Perform Sanctions Screening and Tools Available to Assist You

  • Understanding OFAC lists
  • How to use BIS Entity List and BIS unverified lists
  • How to clear false positives
  • Blocked interest vs. impermissible transaction
  • Potential of artificial intelligence to strengthen screening

Drill Down into Country Specific Sanctions Considerations

  • Rapidly changing Russia sanctions, 50% rule and the role of CATSA
  • What is the EU Blocking Statute and how is it applied
  • Staying compliant with latest sanctions on Venezuela
  • How to deal with foreign subsidiaries of US companies

Licensing: How Statutory Exemption, General Licenses and Specific Licenses Allow for Other Prohibited Activity

  • General vs. Specific licenses
  • Interactions with OFAC to expedite licensing process
  • Exemption for humanitarian purposes
  • Working with OFAC for voluntary disclosures

Networking Break
Recent Enforcement Trends and Current Regulatory Landscape

  • Lessons learned from recent enforcement action
  • Possible OFAC investigative actions
  • How to respond to an OFAC investigation
  • New rule on rejected transactions

Resolving Latin American Sanctions Challenges
Boot Camp Ends

Fundamentals of Russia Sanctions: Staying Compliant with Primary and Secondary Sanctions Restrictions

Jan 28, 2020 9:00am – 12:30pm

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 and will cover the following topics:  
  • Overview of the latest sanctions’ restrictions and impact of new Russian 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

Deep Dive on Venezuela Sanctions

Jan 28, 2020 1:30pm – 5:00pm

What is it about?

This timely workshop will discuss the rapidly changing sanctions landscape and how to manage specific business challenges when dealing with Venezuela. Some topics to be covered include:  
  • Update on current sanctions restrictions
  • Challenges collecting old debt when the customer is PdVSA
  • How to resolve when the customer is a JV with PdVSA as majority including when partner is foreign