8th Annual Canadian Forum on Global Economic Sanctions - WEB

8th Annual Canadian Forum on

March 6–7, 2024 • One King West Hotel & Residence, Toronto, ON

Key Government Speakers Include:

Stephen Burridge Executive Director, Sanctions Policy, Outreach, Compliance & Enforcement Division Sanctions Bureau Global Affairs Canada

Aaron Forsberg Director for Economic Sanctions Policy and Implementation

U.S. Department of State

Network and Benchmark with:

• BlackBerry Limited

• Bloomberg

• BMO Financial Group

• Canadian Bankers Association

• Canadian Western Bank

• Manulife

• RBC

• Scotiabank

• Stripe

• TD Bank

• Wells Fargo

Kristina Jankovich Team Leader for Sanctions Implementation, Unit for Sanctions, DG FISMA European Commission

Jessica Rhee Sanctions Compliance Officer, Office of Foreign Assets Control (OFAC)

U.S. Department of the Treasury

Giles Thomson Director, Office for Financial Sanctions Implementation (OFSI) and Economic Crimes HM Treasury

Don’t miss the only comprehensive, practical event on Global Economic Sanctions in Canada. Join critically important discussions on:

Angle-Right Russia Sanctions and Circumvention in Real Life: Strengthening Due Diligence and Screening Amid New, Sophisticated Schemes

Angle-Right Managing the Intersection of Export Controls and Economic Sanctions: Implications for Legal and Compliance Teams

Angle-Right Complying with Canada’s New Deemed Ownership Rule: Procedures for Satisfying Amendments to SEMA and the Magnitsky Law

Angle-Right Practical Implications Related to Canada’s Asset Seizure and Forfeiture Regime

Angle-Right Addressing Possible False Positives: Best Practices and the Latest on Leveraging AI and Machine Learning in Sanctions Screening Programs

Associate Sponsor

2024 Speakers

CONFERENCE CO-CHAIRS

John E. Smith

Partner/Co-Head of National Security Practice

Morrison Foerster (USA) Former Director, OFAC

William Pellerin Partner McMillan LLP

GOVERNMENT SPEAKERS

Stephen Burridge

Executive Director, Sanctions Policy, Outreach, Compliance & Enforcement Division Sanctions Bureau Global Affairs Canada

Aaron Forsberg

Director for Economic Sanctions Policy and Implementation U.S. Department of State

Giles Thomson Director, Office for Financial Sanctions Implementation (OFSI) and Economic Crime HM Treasury

Kristina Jankovich Team Leader for Sanctions Implementation, Unit for Sanctions, DG FISMA European Commission

Jessica Rhee

Sanctions Compliance Officer Office of Foreign Assets Control (OFAC)

U.S. Department of the Treasury

INDUSTRY SPEAKERS AND THOUGHTLEADERS

Owais Arshad

Director, Global Economic Sanctions Advisory RBC

Umair Azam Legal Counsel

Canadian Bankers Association

Nicole Charles

Senior Manager, Financial Crime Aviva Canada

Michael Diaz

Head of Transaction Screening, Financial Crimes Prevention UBS

Andrii Dzhaga FC Trade Controls Policy Lead Stripe

Heidi Kinkartz

Director, Global Sanctions Scotiabank

Jessica Kim

AVP, Third Party Risk Management Canadian Western Bank

Osvaldo Lee

Deputy Global Head of Sanctions Compliance Bloomberg

Laura Molinari

Executive Director, Licensing, Policy, Sanctions, and Compliance Boeing

Brian O’Toole

Global Head of Sanctions Wells Fargo

Alexander Parets

Senior Director, Head of Enterprise Screening and Sanctions Risk Management Capital One

Riyam Ratnajothi

Director, Sanctions Compliance and Watchlist Management

BMO Financial Group

Paul Jonathan Saguil

Deputy Head, Global Sanctions

Compliance and Anti-Bribery/ Anti-Corruption Program TD Bank

Orlando Silva

Senior Director, Trade Compliance Officer BlackBerry Limited

Jeffrey Simser

Former Legal Director Ministry of the Attorney General

Kuno Tucker

Chief Compliance Officer Manulife Wealth

LAW FIRMS SPEAKERS

Farhad Alavi Partner

Akrivis Law Group PLLC (USA)

Dr. Anna Bradshaw Partner

Peters & Peters LLP (London)

Erich Ferrari

Principal Attorney

Ferrari & Associates (USA)

Graeme A. Hamilton Partner

Bordner Ladner Gervais

Martha Harrison Partner

McCarthy Tétrault

Jessica B. Horwitz Partner

Bennett Jones

Matthew Kronby Partner, International Trade and Investment

Osler, Hoskin & Harcourt

Barbara Linney Partner

BakerHostetler

Stephen Nattrass Partner

Norton Rose Fulbright

Clifford Sosnow Partner

Fasken Martineau DuMoulin

David Stetson Partner

Steptoe & Johnson LLP (USA)

Former Senior Lawyer, OFAC

Brenda C. Swick Partner

Cassels, Brock & Blackwell

Wendy J. Wagner Partner

Gowling WLG

Michael Zolandz Partner

Dentons (USA)

Main Conference Day One

Wednesday, March 6, 2024

8:00 am Networking Breakfast and Registration

8:50 am

Opening Remarks from the Co-Chairs

microphone-alt William Pellerin, Partner, McMillan LLP

John E. Smith, Partner/Co-Head of National Security Practice, Morrison Foerster (USA) Former Director, OFAC

9:00 am

OFSI Keynote

microphone-alt Giles Thomson, Director, Office for Financial Sanctions Implementation (OFSI) and Economic Crimes, HM Treasury (UK)

9:30 am

Russia Sanctions and Circumvention in Real Life: Strengthening Global Due Diligence and Screening to Detect Increasingly Sophisticated Schemes

microphone-alt Owais Arshad, Director, Global Economic Sanctions Advisory, RBC

Osvaldo Lee, Deputy Global Head of Sanctions Compliance, Bloomberg

Wendy J. Wagner, Partner, Gowling WLG

Michael Zolandz, Partner, Practice Leader, Dentons (USA)

Since the invasion of the Ukraine by Russia in early 2022, the world is witnessing the largest sanctions and export control regime in history. With Russia more motivated than ever to evade these complex controls, evasion and circumvention techniques are becoming increasingly complex and sophisticated.

During this panel, we will explore Russia sanctions and circumvention in real life, including best practices for strengthening due diligence to prevent increasingly sophisticated evasion and circumvention techniques that are on the rise. Discussion points include:

• Exploring Canada’s approach to the forfeiture of Russian-owned assets to fund the reconstruction of Ukraine

• Breaking down counter-evasion priorities for the US, UK, EU, and Canada

» New US efforts to clamp down on Russia sanctions evasion

» UK’s new sanctions measures against Russia

• Concrete examples of the newest, most sophisticated schemes-and lessons for flagging them before it’s too late

• Strengthening due diligence, screening and compliance processes to prevent Russia sanctions evasion

• Recent prosecutions and enforcement actions—and their broader lessons

• Ensuring compliance programs are robustly designed, tested and resourced to address new, uncertain risk factors

10:30 am Networking Break

10:45 am

EU Commission Keynote

microphone-alt Kristina Jankovich, Team Leader for Sanctions Implementation, Unit for Sanctions, DG FISMA, European Commission

11:15 am

Managing the Intersection of Export Controls and Economic Sanctions: Implications for Legal and Compliance Teams, and Best Practices for Strengthening Cross-Departmental Coordination

microphone-alt MODERATOR: Graeme A. Hamilton, Partner, Bordner Ladner Gervais

Paul Jonathan Saguil, Deputy Head, Global Sanctions Compliance and Anti-Bribery/ Anti-Corruption Program, TD Bank

Orlando Silva, Senior Director, Trade Compliance Officer, BlackBerry Limited

During this panel discussion, trade and compliance practitioners explore the intersection of export controls and economic sanctions during a time of increased geopolitical tension. We will explore critical issues emerging as a result of the increased interplay and how companies can be best prepared, including insights into:

• Addressing new and evolving ways that export controls and economic sanctions are intersecting–and how industry can prepare and respond

• Collaboration between export controls and economic sanctions agencies, and how they are coordinating enforcement efforts

• Best practices for partnering with business units to strengthen compliance across the organization

• Considerations for robust supply chain and third-party due diligence

• Implementing the key components of an effective, risk-based sanctions and export compliance program

• New red flags that have both sanctions and export compliance implications

12:00 pm Networking Luncheon

1:00 pm

Overcoming Hurdles to Complying with Canada’s New Deemed Ownership Rule: Procedures for Satisfying Amendments to SEMA and the Magnitsky Law

microphone-alt Martha Harrison, Partner, McCarthy Tétrault

Umair Azam, Legal Counsel, Canadian Bankers Association

In June 2023, as part of the Budget Implementation Act 2023, there were significant amendments made to Canada’s sanctions statutes–the Special Economic Measures Act ( SEMA), and the Justice for Victims of Corrupt Foreign Officials (JVCFOA). As a result of the amendments, ownership and control rules were clarified, expanding the scope of due diligence investigation that companies are responsible for related to counterparties that might by owned or controlled by sanctioned parties. During this panel discussion, we will explore:

• Due-diligence challenges related to the new amendments

• Evaluating current procedures and determining the applicability of the new amendments to different types of businesses

• Navigating the complexities of compliance with the new amendments—a look at the real-world challenges and how to manage them

1:45 pm

Positioning Your Compliance Program to Prepare for Expanding Sanctions and Export Controls on China – and Lessons Learned from Russia Sanctions

microphone-alt Brian O’Toole, Global Head of Sanctions, Wells Fargo

Barbara Linney, Partner, BakerHostetler

Dr. Anna Bradshaw, Partner, Peters & Peters LLP (London)

Businesses should prepare now for more anticipated, tightened sanctions and export controls on China. During this panel, we will explore best practices for strengthening and positioning your compliance program, including insights and direction on:

• Global implications of China’s economic challenges

• EU’s sanctions targeting Chinese companies aiding Russia, and resulting threats of retaliation

• Navigating the complexities of the strained relationships between China, the US, and the EU

• Promoting international human rights through China sanctions

• Targeting of major industries for sanctions, including the chemical, metals, electronics, shipbuilding, and aviation sectors

2:45 pm Networking Break

3:00 pm

FINTRAC and the Canadian Sanctions Enforcement Landscape: Guidance on Brand New FINTRAC Reporting Obligations Related to Sanctions

microphone-alt Clifford Sosnow, Partner, Fasken Martineau DuMoulin

Stephen Nattrass, Partner, Norton Rose Fulbright

During this panel, we will discuss FINTRAC’s new reporting requirements and their interplay with Canadian sanctions, including:

• Changes to FINTRAC reporting forms LCTR, STR, EFTR, and CDR

• Assessing sanctions due diligence procedures

• Identifying sanctions compliance red flags identified by FINTRAC for indicating high-risk for sanctions evasions

3:45 pm

Update on Canada’s Asset Seizure and Forfeiture Regime: Opportunities and Practical Challenges

microphone-alt MODERATOR: Brenda C. Swick, Partner, Cassels, Brock & Blackwell

Jessica B. Horwitz, Partner, Bennett Jones

Jeff Simser, Barrister, Former Legal Director, Ministry of the Attorney General

Don’t miss this important discussion on Canada’s significant new powers related to asset seizure and forfeiture, where theory meets practice. During this panel discussion, we will explore the amendments to the law—SEMA (Special Economic Measures Act)—which gives rise to these new powers and their implications for the legal community and businesses in Canada. Join this panel discussion to explore:

• Exploring the latest key developments related to the seizure and forfeiture of assets under Canada’s sanctions regime

• Legal concerns and practical challenges related to implementation of the new powers

• Compare and contrast Canada’s approach to sanctions forfeiture to that of other countries, including lessons Learned from U.S. forfeiture cases

• Realistic prospects and anticipated procedure for use of the proceeds for the reconstruction of the Ukraine

4:30 pm

Smaller-Group Industry Roundtable Discussions

Select a table of your choice to engage in smaller-group discussion and benchmarking:

A/ Banking & Insurance

microphone-alt Heidi Kinkartz, Director, Global Sanctions, Scotiabank

Nicole Charles, Senior Manager, Financial Crime, Aviva Canada

B/ Operationalizing AI for Sanctions Compliance

microphone-alt Kuno Tucker, Chief Compliance Officer, Manulife Wealth

C/ Exploring the Interplay of Export Controls and Sanctions

microphone-alt Orlando Silva, Senior Director, Trade Compliance Officer, BlackBerry Limited

D/ Enforcement

microphone-alt Farhad Alavi, Partner, Akrivis Law Group, PLLC

5:15 pm

Closing Remarks by the Co-Chairs and Conference Adjourns to Networking Cocktail Reception

Main Conference Day Two

Thursday, March 7, 2023

8:00 am Networking Breakfast and Registration

9:00 am

Opening Remarks from the Co-Chairs

microphone-alt William Pellerin, Partner, McMillan LLP

John E. Smith, Partner/Co-Head of National Security Practice, Morrison Foerster (USA)

Former Director, OFAC

9:10 am

Global Affairs Keynote

microphone-alt Stephen Burridge, Executive Director, Sanctions Policy, Outreach, Compliance & Enforcement Division, Sanctions Bureau, Global Affairs Canada

9:45 am

Global Enforcement Think Tank: The Practical Impact of Recent Cases on Financial Institutions and Multinationals Operating in Canada

microphone-alt David Stetson, Partner, Steptoe & Johnson LLP (USA)

Former Senior Lawyer, OFAC

William Pellerin, Partner, McMillan LLP

Former Global Affairs Canada and OFAC officials provide key insights on U.S. and Canadian sanctions enforcement priorities and what is on the horizon. The speakers will also take a closer look at the latest, most impactful enforcement cases, guidance and how Canadian industry can mitigate liability risks.

Ample time will left for Q&A, so bring your questions and join this interactive session!

10:45 am Networking Break

11:00 am

U.S. Department of State Keynote

microphone-alt Aaron Forsberg, Director for Economic Sanctions Policy and Implementation, U.S. Department of State

11:30 am

Revisiting Protocols for Vetting and Monitoring Third Parties: New, Special Considerations for Your Supply Chain and Business Partners in Russia, China and Other Key Hot Spots

microphone-alt Jessica Kim, AVP, Third Party Risk Management, Canadian Western Bank

Laura Molinari, Executive Director, Licensing, Policy, Sanctions, and Compliance, Boeing

• Engaging with regulators early on to manage varying expectations

• What you need to know about OFAC and Vendor Management expectations

• Aligning the relevant business teams, including legal and compliance

• How to manage competing demands from varying regulators and law enforcement agencies

• Preventing costly sanctions breaches by implementing ongoing third-party risk monitoring

12:15 pm Networking Luncheon

1:30 pm

OFAC Keynote

microphone-alt Jessica Rhee, Sanctions Compliance Officer, Office of Foreign Assets Control (OFAC), U.S. Department of the Treasury

2:00 pm

Guide to False Positives: Managing and Reducing False Positives in Sanctions Screening with AI and Machine Learning

microphone-alt MODERATOR: Kuno Tucker, Chief Anti-Money Laundering Officer, Manulife Securities

Andrii Dzhaga, FC Trade Controls Policy Lead, Stripe

Riyam Ratnajothi, Director, Sanctions Compliance and Watchlist Management, BMO Financial Group

Michael Diaz, Global Sanctions Compliance, UBS

• Strengthening your overall sanctions screening process while reducing your false positive rate

• Looking at false positives through the lens of relevancy versus reduction

• Leveraging AI to significantly reduce false positives while making sure no real matches slip through the cracks

• Navigating challenges to reducing your false positive rates

• Best practices for enhancing data quality in the organization to reduce false positives

3:00 pm Networking Break

3:15 pm

Iran and Haiti: Incorporating New Developments Into Your Global Program and Monitoring Emerging Trends

microphone-alt Erich Ferrari, Principal Attorney, Ferrari & Associates (USA)

Alexander Parets, Senior Director, Head of Enterprise Screening and Sanctions Risk Management, Capital One

• Navigating the most pressing Iran and Haiti sanctions compliance dilemmas

• Forging best practices for the best path ahead

• Managing the expanding scope and complexity of sanctions on Iran and Haiti—what does the future regulatory landscape look like for the rest of 2024?

• Predicting the future of Iran sanctions amid the Israel-Hamas war and broader geopolitical risks across the region

4:00 pm CHINA SANCTIONS, PART II

Forced Labour, Canada’s Modern Slavery Act and the Interplay with Economic Sanctions

microphone-alt Sabrina Bandali, Partner, Bennett Jones

Matthew Kronby, Partner, International Trade and Investment, Osler, Hoskin & Harcourt

Businesses should prepare now for potential impactful changes to legislation created to combat forced and child labour. To prepare for the new rules which will come into force Jan. 1, 2024, companies should strengthen their processes or face stiff penalties, heavy fines, and even criminal prosecution. During this panel, we will discuss:

• The landscape of current global modern slavery transparency legislation

• Key provisions in Canada’s Modern Slavery Act Bill S-211

• Preventing violations across the supply chain and trade operations, including the production, distribution, and import of goods within and into Canada

• Strengthening and monitoring human rights due diligence policies

• Enhancing remedy and mitigation measures

• Reducing the risk of forced labour in the supply chain

• Using sanctions tools to promote views on the trampling of human rights by certain administrations around the world

• Promoting international human rights on the international stage

4:45 pm Closing Remarks from the Co-Chairs and Conference Concludes

Venue Information

One King West Hotel

1 King Street West, Toronto, ON M5H 1A1

1(866)470-5464

ACCOMMODATIONS

Canadian Institute is pleased to offer our delegates a limited number of hotel rooms at a negotiated rate. To take advantage of these rates, please contact the hotel directly and quote “CI Canadian Sanctions”.

Please note that the guest room block cut-off date is February 5th, 2024

After that date OR when the room block fills, guestroom availability and rate can no longer be guaranteed.

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EARN CPD CREDITS

Continuing Professional Development

This program can be applied towards 9.25 hours of annual Continuing Professional Development (CPD) required by the Law Society of Upper Canada. Members will also receive 6 additional CPD credit hours for the attendance at the workshops.

Members of the Law Society of Saskatchewan seeking accreditation for an out of province activity are requested to submit the CPD Activity Application Form and agenda directly to the LSS for approval. The form is available on the LSS Website.

The same number of hours may be applied toward your continuing legal education requirements in British Columbia.

The Barreau du Quebec automatically recognizes the same number of hours for this training activity, the latter having been accredited by another Law Society subject to MCLE.

Attendance at this program by members of the Law Society of Alberta may be submitted to the Law Society for Continuing Professional Development credits.

EARN CLE CREDITS

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Continuing Legal Education

Accreditation will be sought in those jurisdictions requested by the registrants which have continuing education requirements. This course is identified as nontransitional for the purposes of CLE accreditation.

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ACI certifies this activity has been approved for CLE credit by the State Bar of California.

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