London Forum on Global Economic Sanctions - WEB by C5Group

EARN CLE/CPD CREDITS

London Forum on

GLOBAL ECONOMIC SANCTIONS

Government Speakers: Alina Nedea Head of Sanctions, DG FISMA European Commission

16–17 November 2023 Millennium Gloucester Hotel, London

Beth Davies Assistant Director Office for Financial Sanctions Implementation (OFSI) and Economic Crime, HM Treasury

With so many new compliance and enforcement developments, join practical sessions on how to:

Erik Grossman Senior Compliance Officer Office of Foreign Assets Control U.S. Department of the Treasury

CHEVRON-RIGHT Prevent Russia Sanctions Evasion: Overcoming New Due Diligence, Screening and Compliance Hurdles Amid Intensifying Enforcement CHEVRON-RIGHT China and the Interplay of Export Controls, Supply Chain and Sanctions: Semiconductor Rules, Geopolitics and New Risk Factors CHEVRON-RIGHT Conduct Effective Ownership and Control Assessments: Comparing and Contrasting UK, EU, and U.S. Requirements, and Addressing Conflicts of Law CHEVRON-RIGHT Prepare for the Long Haul of Russia Sanctions Compliance: Positioning Your Resources and Program for the Long Term CHEVRON-RIGHT Develop Successful Screening Capabilities in Response to The Newest Complexities: Practical Guidance for Addressing Conflicting UK, EU, and U.S. Screening Outcomes

Supporting Sponsors:

Associate Sponsors:

C5-online.com/Global-Economic-Sanctions-London • 888 224 2480

Compare Notes with: • Bank of Cyprus • Citibank • Danske Bank • ENI • Equinor

• Marsh UK

• Royal IHC

• Novartis

• SAP

• Rabobank

• Shell

• Repsol

• UBS

• Rolls Royce

Exhibitor:

Part of C5 Group’s ECONOMIC SANCTIONS GLOBAL SERIES

Distinguished Faculty Conference Co-Chairs: Maria Chiara Montegano Head of Economic Sanctions, Trade Control and Compliance Process Support ENI S.p.A. (Italy) Charles Claypoole Partner Latham & Watkins (UK)

Government Faculty: Alina Nedea Head of Sanctions, DG FISMA European Commission Beth Davies Assistant Director Office for Financial Sanctions Implementation (OFSI) and Economic Crime, HM Treasury Erik Grossman Senior Compliance Officer Office of Foreign Assets Control, U.S. Department of the Treasury

In-House Insights: Nabi Abdullaev Partner Control Risks (UK)

Raminta Dereskeviciute Counsel McDermott Will & Emery

Sara Nordin Partner White & Case LLP (Brussels)

Yvo Amar Partner BenninkAmar Advocaten

Svetlana Djurdjevic Head of Sanctions Controls and Screening Danske Bank (Sweden)

Natalie Quest Head of Sanctions & AML Marsh (UK)

Amanda Archibald Manager Legal Equinor ASA (Norway) Sven Bates Of Counsel Baker & McKenzie LLP John Bedford Partner Dechert LLP (UK) Anna Bradshaw Partner Peters & Peters Solicitors LLP (UK) Colin Butler Head of Sanctions and Anti Bribery and Corruption Credit Suisse Michael Casey Partner Wilson Sonsini Goodrich & Rosati LLP (UK) Niki Charilaou Manager Financial Crime & Sanctions Compliance Department Bank of Cyprus (Cyprus) Susannah Cogman Partner Herbert Smith Freehills LLP (UK)

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Aline Doussin Partner Hogan Lovells LLP (France) Brian Egan Partner Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates Eytan J. Fisch Partner Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates Nancy Fisher Partner Pillsbury Winthrop Shaw Pittman LLP (USA) Maya Lester KC Barrister Brick Court Chambers Raphael Kiess Managing Director Alvarez & Marsal (Germany)

Gareth Rees Partner Morrison & Foerster LLP Nicholas Richards-Bentley Head Legal Trade/Sanctions Novartis (Switzerland) Yianna Stylianou Associate Manager, Sanctions Transaction Monitoring Compliance Hellenic Bank Zoe Taylor-Jones Head of Business Ethics and Regulatory Compliance & SBS Lead Serco Group Plc (UK) Hugo Veazey Director - Financial Crime Compliance Practice Lead Financial Services – Europe & Africa Moody’s Analytics UK Ltd.

Barbara Linney Partner Baker & Hostetler (USA)

Neil Whiley Director of Sanctions UK Finance

Roger Matthews Partner Dentons (UK)

Michael Zolandz Partner Dentons

Pre-Conference Workshops Wednesday 15 November 2023 9:00–12:30 (Registration to begin at 8:30)

Practical Guide to Updating Your Risk Assessments, A ACompliance and Screening Programmes - from the EU 11th

Sanctions Package, to OFSI, OFAC, Evasion Risks and Beyond

microphone-alt Raminta Dereskeviciute, Counsel, McDermott Will & Emery Barbara Linney, Partner, Baker & Hostetler (USA) Yianna Stylianou, Associate Manger Sanctions and Transactions Monitoring Compliance, Hellenic Bank The EU’s new 11th Sanctions Package, in conjunction with increased enforcement activity from OFSI, OFAC and the EU Commission, have made effective compliance more critical than ever. Join our expert faculty as we discuss these high stakes challenges impacting your compliance programme, and provide practical takeaways for upgrading your compliance strategy. Along with speaker-prepared reference materials, benefit from the opportunity for enhanced discussion, benchmarking and Q&A. Topics will include: • Step-by-step guide to revisiting and updating risk assessments in response to a shifting economic sanctions and geopolitical landscape • Contrasting EU Regulations, and Member State implementation and enforcement • Key updates on UK sanctions and export controls – OFSI and DIT implementation • Update on U.S. sanctions, screening and the evolving landscape of risk • Examine the interplay of EU, UK, and U.S. in practice

13:30–17:00 (Registration to begin at 13:00)

in Real-Life - A Step-by-Step Guide to Resolving Complex B China Dilemmas: Unpacking the Ins and Outs of New Compliance Requirements with Interactive Hypothetical Scenarios

microphone-alt Anna Bradshaw, Partner, Peters & Peters Solicitors LLP Barbara Linney, Partner, Baker & Hostetler (USA) As the U.S. ramps up trade controls on China, there is considerable pressure on the UK and the EU to follow suit. UK and EU companies are caught in the middle and must navigate a complex reality, especially those that are multinational companies. This in-depth workshop will explore how to resolve the most complex scenarios that companies are facing as it relates to China, and provide practical takeaways to navigate in these uncertain times. Speakers will work through a series of hypothetical exercises that touch upon real-world issues coming across your desk. • Discuss the UK and U.S. joint decision to decline licences to export cutting edge chip technology to China • Impact of China’s new limits on the export of metals heavily relied on by UK and EU companies in the production of semiconductors • Unpacking the EU proposal to limit private sector investment in China-based technology companies • The finer points of the Net-Zero Industry Act, and the EU’s posture on limiting the import of Chinese renewable energy • Exploring the potential impacts of the Critical Raw Materials Act, and how it could pose short-term supply chain shortages for EU and UK companies

• Analyse the sanctions trajectory since the war in Ukraine began • Key takeaways on the EU’s 11 Sanctions Package

C5-online.com/Global-Economic-Sanctions-London • 888 224 2480

Part of C5 Group’s ECONOMIC SANCTIONS GLOBAL SERIES

Conference Day One

Thursday 16 November 2023 8:45

10:45

Co-Chairs’ Opening Remarks microphone-alt Maria Chiara Montegano, Head of Economic Sanctions, Trade Control and Compliance Process Support, ENI S.p.A. (Italy)

Charles Claypoole, Partner, Latham & Watkins (UK) 9:00

Interview with OFSI and Audience Q&A microphone-alt Beth Davies, Assistant Director, Office for Financial Sanctions Implementation (OFSI) and Economic Crime, HM Treasury

MODERATOR: Michael Casey, Partner, Wilson Sonsini Goodrich & Rosati LLP (UK)

11:15

EU Commission Interview microphone-alt Alina Nedea, Head of Sanctions, DG FISMA, European Commission MODERATOR: Sven Bates, Of Counsel, Baker & McKenzie LLP 12:00

China, the Future of Global Export Compliance and the Interplay with Sanctions: Navigating Semiconductor Rules, Geopolitics and New Supply Chain Risks microphone-alt Brian Egan, Partner, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates

9:45

Preventing Russian Sanctions Evasion: Overcoming New Due Diligence, Screening and Compliance Hurdles Amid Intensifying Enforcement microphone-alt Svetlana Djurdjevic, Head of Sanctions Controls and Screening, Danske Bank (Sweden)

Nabi Abdullaev, Partner, Control Risks (UK) Michael Zolandz, Partner, Dentons • Addressing the prevalence of ship-to-ship transfers as a tool of sanctions evasion, and the increased due diligence around the use of EU/UK ports • The aftermath of OFSI’s focus on sanctions evasion for 2023 and beyond-and the practical effect on your due diligence and screening • Comparing and contrasting the investigative approach of OFSI, OFAC, and the EU Commission • New takeaways stemming from the enforcement coordination between OFSI, OFAC, and the EU Commission • The latest on efforts by regulators to drive sanctions enforcement with intelligence sharing, reporting and whistleblowing • Broader impact of greater penalties and criminal enforcement in relation to evasion of Russian sanctions

Networking Break

David Lorello, Of Counsel, Covington & Burling LLP (London) • How the current geopolitical climate affects your export compliance and supply chain strategies • Analysing the UK and EU response to U.S. policy on China trade and export controls-and how to calibrate your compliance approach accordingly • How multinational companies with business interests in the UK, EU and the U.S. are revisiting business and supply chain operations in China • How semiconductor rules are affecting the UK and EU markets and supply chains • U.S. compliance considerations: Navigating practical challenges arising from ITAR and EAR compliance 13:00

Tasks

Networking Luncheon for Attendees and Speakers

14:15

Unpacking the Implications of the EU’s 11th Sanctions Package: The Expected (and Unexpected) Compliance Aftermath microphone-alt Nicholas Richards-Bentley, Head Legal Trade/Sanctions, Novartis (Switzerland) Aline Doussin, Partner, Hogan Lovells LLP (France) • Leveraging new tools to combat circumvention, including designation of “high risk third countries” • Understanding how the new anti-circumvention provisions will affect compliance programmes through added due diligence of secondary sales and end-use in Russia

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This conference is an event not to be missed by any professional of this sector. It offers an update of the industry by skillful international speakers and a unique opportunity for networking. Director Group Compliance, Group Compliance Division, Bank of Cyprus (Cyprus)

• Practical impact of restrictions on vessels entering EU ports in an effort to avoid ship-to-ship transfers of Russian oil • Exploring the prohibition of intellectual property rights sales in connection with already restricted products

16:30

OFAC Interview microphone-alt Erik Grossman, Senior Compliance Officer Office of Foreign Assets Control, U.S. Department of the Treasury

15:15

INTERACTIVE BENCHMARKING

Tasks Complexities of Screening in your Compliance Process: Practical Advice for Compliance When UK, EU, and US Screening Outcomes Are In microphone-alt Eytan J. Fisch, Partner, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates Niki Charilaou, Manager Financial Crime & Sanctions Compliance Department, Bank of Cyprus (Cyprus) Zoe Taylor-Jones, Head of Business Ethics and Regulatory Compliance & SBS Lead, Serco Group Plc (UK) • What to do when UK, EU and U.S. screening outcomes are in conflict: Concrete examples and lessons learned • Discussing which new policies, processes and procedures have been successful in mitigating risk • To what extent geo-fencing and ransomware can prevent access from individuals in sanctioned territories • The hits and misses of third-party screening in flagging sanctioned transactions-and concrete examples of the latest solutions to optimize compliance

Gareth Rees, Partner, Morrison & Foerster LLP 17:00

Tasks Export Controls, Economic Sanctions and Your Supply Chain: Hypothetical Exercises on How to Resolve Real-World Issues at the Forefront microphone-alt Amanda Archibald, Managing Legal, Equinor ASA (Norway) Raphael Kiess, Managing Director, Alvarez & Marsal (Germany) This panel will tackle key issues impacting your supply chains through interactive hypothetical scenarios. • Carbon Border Adjustment Mechanism (2024) • EU Supply-chain diligence initiative • Import Control System (ICS2) • BIS semi-conductor rule 17:45

16:15

Networking Break

Co-Chairs’ Closing Remarks Tasks Networking Drinks Reception

C5-online.com/Global-Economic-Sanctions-London • 888 224 2480

Part of C5 Group’s ECONOMIC SANCTIONS GLOBAL SERIES

Conference Day Two Friday 17 November 2023 8:30

10:45

Women in Sanctions Networking Breakfast

The Evolving Intersection of Economic Sanctions and Export Controls: Navigating the Nuances and Grey Areas of Overlapping Requirements

WOMEN IN SANCTIONS NETWORK

9:40

Co-Chairs’ Opening Remarks microphone-alt Maria Chiara Montegano, Head of Economic Sanctions, Trade Control and Compliance Process Support, ENI S.p.A. (Italy)

Charles Claypoole, Partner, Latham & Watkins (UK) 9:45

Preparing for the Long Haul of Russia Sanctions Compliance: Positioning Your Resources and Program for the Long Term microphone-alt Colin Butler, Head of Sanctions and Anti Bribery and Corruption, Credit Suisse Yvo Amar, Partner, BenninkAmar Advocaten Brian Egan, Partner, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates Charles Claypoole, Partner, Latham & Watkins (UK) John Bedford, Partner, Dechert LLP • Impact of the UK’s recent law extending Russian Sanctions through a reconciliation period with Ukraine

microphone-alt Roger Matthews, Partner, Dentons (UK) • The implications and challenges faced in navigating the increasingly complex landscape of “Sanctions-Like” export controls • Lessons learned from key updates and regulatory changes in export control frameworks and discussing the impact of these developments • Concrete examples of recent export control measures that exhibit characteristics similar to sanctions, including those with respect to Russian oil • Clarifying the distinctions: Export Controls vs. Sanctions 11:45

Networking Break

12:00

Effective Ownership and Control Assessments: Contrasting UK, EU, and U.S. Requirements, and Addressing Conflicts of Law microphone-alt Neil Whiley, Director of Sanctions, UK Finance Hugo Veazey, Director - Financial Crime Compliance Practice Lead Financial Services – Europe & Africa, Moody’s Analytics UK Ltd.

• Upgrading best practices for preparing compliance programmes for long-term, multi-layered sanctions compliance

• Key elements and implications of OFSI’s latest guidance on ownership and control assessments

• Examining the renewed importance of risk assessments (and re-assessements), and resource allocation

• Contrasting UK and EU ownership and control with OFAC “50% rule”

• Special considerations for conveying risk assessment outcomes to senior management and the board

• Breaking down the Test for Ownership and Control: Practical Challenges and Solutions • Examining the relationship between ownership and control assessments - and potential enforcement actions • How to mitigate risks through comprehensive due diligence • Leveraging tools available beyond traditional customer due diligence processes

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Right on target, professionally executed and top quality conference! I received truly useful knowledge that helped me improve our sanctions procedures. Senior Advisor, Ethics & Compliance, Aibel AS (Norway)

13:00

Tasks

Networking Luncheon for Attendees and Speakers

14:15

Important Updates to the Legal Advisory Services Ban with Respect to Russia microphone-alt Susannah Cogman, Partner, Herbert Smith Freehills LLP (UK) • Analysing the UK restrictions on providing legal services and consider the impact • Understand the scope of the General Licence – what it does, and does not cover • Explore circumstances in relation to which specific licences are needed

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• Discuss the potential for further restrictions, or further legislative changes 15:00

CLOSING ROUNDTABLE

The Future of Your Economic Sanctions Compliance Program: The Newest Best Practices for Evolving Your Program Amid More Anticipated Sanctions microphone-alt Maria Chiara Montegano, Head of Economic Sanctions, Trade Control and Compliance Process Support, ENI S.p.A. (ITA)

Niki Charilaou, Manager Financial Crime & Sanctions Compliance Department, Bank of Cyprus (Cyprus) 16:00

Co-Chairs’ Closing Remarks End of Conference

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Part of C5 Group’s ECONOMIC SANCTIONS GLOBAL SERIES

The conference was very useful and insightful indeed and I especially appreciated the opportunity to get updates on sanctions and export control questions from the regulators OFAC and OFSI. Legal, Compliance & Quality Director BACIS, Novo Nordisk LLC (Russia)

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