New York Forum on Economic Sanctions - WEB

Elizabeth Rosenberg

Secretary

Andrew Adams Director for KleptoCapture Task Force

Giles Thomson Director Office of Financial Sanctions Implementation (OFSI), HM Treasury

George Ioannidis Assistant Special Agent in Charge Homeland Security Investigations

Alina Nedea Head of Sanctions, DG, FISMA European Commission

DISTINGUISHED FACULTY

GOVERNMENT SPEAKERS

Elizabeth Rosenberg

Assistant Secretary for Terrorist Financing and Financial Crimes

U.S. Department of the Treasury

Andrew Adams

Director for KleptoCapture Task Force U.S. Department of Justice

George Ioannidis

Assistant Special Agent in Charge Homeland Security Investigations

Giles Thomson Director

Office of Financial Sanctions Implementation (OFSI) HM Treasury

Alina Nedea

Head of Sanctions, DG, FISMA European Commission

Charlotte Baskin-Gerwitz

Sanctions Compliance Officer

Office of Foreign Assets Control U.S. Department of the Treasury

John Sonderman

Director, Office of Export Enforcement Bureau of Industry and Security U.S. Department of Commerce

Opher Shweiki

Chief Counsel for Industry and Security U.S. Department of Commerce

Elizabeth Fitzpatrick

Vice President and General Counsel, Global Trade Sanctions Honeywell

SPEAKERS

James Ackerman

Assistant General Counsel, Corporate Global Trade Raytheon

Jessica Bartlett Global Head of Financial Crime Legal Barclays

Perry S. Bechky Partner

Berliner Corcoran & Rowe LLP

Dana Begin Head of Global Sanctions and Anti-Corruption Fidelity Investments

Chad Breckinridge Vice President and Deputy General Counsel Cisco

Sharon Cohen Levin Partner Sullivan & Cromwell LLP

Hank Corscadden Trade Counsel Microsoft Corporation

Darshak Dholakia Partner Dechert LLP

Edward Fishman Professor Columbia University Former Russia Sanctions Lead, U.S. Department of State

Galina Free Director – Global Trade Compliance Danaher Corporation

Claudia Botero Götz Senior Lawyer Gard North America Inc.

Brian O’Toole

Senior Financial Crimes Director Truist Financial Corporation

Lloyd Grove

Managing Counsel, Sanctions and Trade Compliance Lucid Motors

Elizabeth Hein

Associate General CounselPrivacy, Product and Compliance Foursquare Labs, Inc.

Satish Kini Partner

Debovoise & Plimpton LLP

Silvia Kleer Export Controls and Sanctions Counsel Ford

Ajay Kuntamukkala Partner Hogan Lovells LLP

David Lee

Director of Sanctions Compliance Circle Internet Financial, LLC

Judith Lee Partner Gibson, Dunn & Crutcher LLP

Stephanie Liantonio Deputy Head of Sanctions & Embargoes, Americas Deutsche Bank

Laura Miller Director, Sanctions Implementation Citi

Evan Norris Partner Cravath, Swaine & Moore LLP

Nnedinma Ifudu Nweke Partner

Akin Gump Strauss Hauer & Feld

Eric S. Volkman Partner Latham & Watkins LLP

Chris Pitcher

Vice President, Global Sanctions and Export Controls Mastercard

James Prince

Chief Compliance Officer & VP Legal Sustainability Baker Hughes

Brandon

Reddington

Vice President, Co-Head of Government Sanctions Group Goldman Sachs

Alice Rojas

Director, Deputy OFAC Officer, Head of Sanctions Investigations Societe Generale Corporate and Investment Banking – SGCIB

Neena Shenai

Senior Legal Director & Chief Counsel for Global Trade Medtronic

Ted Starishevshy

Vice-President, Global Head of Sanctions & Anti-Corruption American Express

Sean M. Thornton

Legal – Head of Legal Financial Security (US) BNP Paribas

Tory Tibor Global Head of Trade Compliance Olympus

Matthias Vangenechten Associate White & Case LLP

Rachel Ziemba

Adjunct Senior Fellow Center for a New American Security (CNAS)

Pre-Conference Workshops

Monday, December 5, 2022

9:00 am–12:30 pm (8:30 am Registration)

A Russia: A Complete Roadmap to U.S., U.K., and EU Sanctions

Restrictions

Ajay Kuntamukkala, Partner, Hogan Lovells LLP

Charlotte Baskin-Gerwitz, Sanctions Compliance Officer, Office of Foreign Assets Control, U.S. Department of the Treasury

Matthias Vangenechten, Associate, White & Case LLP

This in-depth workshop is for those new to sanctions, as well as experienced practitioners looking for a refresher on the intricacies and practical impact of new, evolving Russia sanctions from February 24th to the present. In addition to a comprehensive survey of key developments, participants will benefit from an opportunity to ask questions in a smaller-group, “closed door” setting and gain speaker-prepared reference materials.

Key issues to be covered:

• How companies are staying compliant with new Russia sanctions

• What are the key differences between the U.S., UK and EU?

• What are the important takeaways from the EU?

• What licenses are available?

• Special considerations for humanitarian support

• Key sanctions targeting financial institutions, insurance and energy

• Managing the interplay between export controls and sanctions

• Minimizing potential multi-jurisdictional enforcement risks

• Potential Russia counter-sanctions

• Impact on shipping, manufactured goods and technology

1:30–5:00 pm (12:30 pm Registration)

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

Microphone 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 hand-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 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 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

6:00 pm Women in Sanctions Network (WSN) Holiday Party

Microphone

WOMEN IN SANCTIONS NETWORK

Main Conference Day One

Tuesday, December 6, 2022

8:00 Registration and Continental Breakfast

9:00

Conference Co-Chairs’ Opening Remarks

Microphone Brian O’Toole, Senior Financial Crimes Director, Truist Financial Corporation

Eric S. Volkman, Partner, Latham & Watkins LLP

9:15

The Next Phase of Russia Sanctions: What It Takes to Manage the Newest, Emerging Challenges Affecting Organizations Staying In and Out of Russia

Microphone Brandon Reddington, Vice President, Co-Head of Government Sanctions Group, Goldman Sachs

Brian O’Toole, Senior Financial Crimes Director, Truist Financial Corporation

Ted Starishevsky, Vice-President, Global Head of Sanctions & Anti-Corruption, American Express

Satish Kini, Partner, Debovoise & Plimpton LLP

• Key takeaways from the latest sanctions issued

• View from Russia- current business landscape

• New investment rules, corporate consulting and other non-list-based sanctions

• Best practices for returning money and making final payments

• Challenges to getting Russian goverment approval

• Impact on lumber, steel, and energy industries

• Managing conflicts of law that have come to the forefront

• Keeping track of potential Russia counter-sanctions

10:30 Networking Break

10:45

Updating Your Sanctions Compliance Playbook: The Biggest Lessons Learned Over the Past Year and Key Takeaways for the Year Ahead

Microphone Hank Corscadden, Trade Counsel, Microsoft Corporation

Laura Miller, Director, Sanctions Implementation, Citi

Lloyd Grove, Managing Counsel, Sanctions and Trade Compliance, Lucid Motors

Join a highly anticipated, cross-industry discussion on the key compliance revelations in the wake of Russia sanctions. With much uncertainty still to come, don’t miss this chance to hear practical takeaways to ensure that your compliance team is ready for the next wave of sanctions. Topics will include:

• Managing teams in different regions and the associated risk factors

• Lessons learned to ensure readiness and capability of your program to adapt to a changing landscape

• Procedures - one size does not fit all

• Working with your business units collaboratively

• Keeping a watchful eye on China

11:30

The Verdict on Economic, Political, and National Security Tools Used to Advance Foreign Policy Goals: Are They Working?

Microphone Edward Fishman, Professor, Columbia Former Russia Sanctions Lead, U.S. Department of State

Rachel Ziemba, Adjunct Senior Fellow, Center for a New American Security (CNAS)

Jessica Bartlett, Global Head of Financial Crime Legal, Barclays

• Latest on economic state craft and sanctions

• Effect of Inflation and changing gas prices

• Predictions on upcoming elections

• Measuring the impact of sanctions, trade and export controls

• Impact of China and Russia working closer together

12:30 Networking Lunch

1:45

China: Staying Abreast of the Rapidly Changing Sanctions and Export Control Landscapes

Microphone Tory Tibor, Global Head of Trade Compliance, Olympus Judith Lee, Partner, Gibson, Dunn & Crutcher LLP

• China sanctions lessons have been learned from Russia?

• Understanding China’s response to the war in Ukraine

• Staying compliant with increasing export control regulations

• Managing new forced labor risks amid the UFLPA

#Sanctions twitter: @ACI_Conferences linkedin: ACI: International Trade: Legal, Regulatory and Compliance Professionals

• Discussing the need to have a contingency plan in place for your Chinese operations

• Risk of China counter-sanctions

2:45

The Anticipated Spike in Mergers & Acquisitions Amid Inflation: The Lesser-Known Sanctions Considerations Pre- and Post-Acquisition

Microphone James Ackerman, Assistant General Counsel, Corporate Global Trade, Raytheon

Chris Pitcher, Vice President, Global Sanctions and Export Controls, Mastercard

• Due diligence: Finding unknown/undisclosed sanctions risk exposure

• Avoiding a potential sanctions violation as soon as the deal is done

• Tips for making a voluntary disclosure if necessary

• Considerations for alliances and JVs

• Tips to merge compliance teams

• Strategies to integrate separate compliance programs together in a short time frame

3:30 Networking Break

3:45

Keynote Address

Elizabeth Rosenberg Assistant Secretary for Terrorist Financing and Financial Crimes

U.S. Department of the Treasury

4:15

Cross-Industry Benchmarking: Comparing and Contrasting Compliance Best Practices-and Their Cross-Industry Application

Microphone Claudia Botero Gotz, Senior Lawyer, Gard North America Inc.

Neena Shenai, Senior Legal Director & Chief Counsel for Global Trade, Medtronic

Chad Breckinridge, Vice President and Deputy General Counsel, Cisco

Sanctions considerations vary greatly from industry to industry. During this interactive session, we will hear from senior representatives from the insurance, life sciences and technology industries. They will share the specific pain points for their industry and how they are working to resolve these challenges.

5:00

Networking Reception

6:00 End of Day One

Main Conference Day Two

Wednesday, December 7, 2022

8:00

Women in Sanctions Networking Breakfast - Open to All

8:15 Continental Breakfast

8:55

Conference Co-Chairs’ Opening Remarks

Microphone Elizabeth Fitzpatrick, Vice President and General Counsel, Global Trade Sanctions, Honeywell

Eric S. Volkman, Partner, Latham & Watkins LLP

9:00

Regulator Panel: How the Agencies Work Together On Enforcement Activities

Microphone John Sonderman, Director, Office of Export Enforcement Bureau of Industry and Security, U.S. Department of Commerce

Opher Shweiki, Chief Counsel for Industry and Security, U.S. Department of Commerce

9:45

Focus on Exits & Divestitures: Resolving Surprising Business Challenges You Might Encounter When Winding Down Your Business in Russia

Microphone James Prince, Chief Compliance Officer & VP Legal Sustainability, Baker Hughes

Elizabeth Fitzpatrick, Vice President and General Counsel, Global Trade Sanctions, Honeywell

Eric S. Volkman, Partner, Latham & Watkins LLP

• How to exit or cancel existing contracts

• Best practices for winding down assets

• Legal complications arising from asset disposition

• Managing legal and reputational risks

• Concrete examples of unexpected issues that have arisen-and how they were handled

10:30 Networking Break

Part of C5 Group’s

ECONOMIC SANCTIONS

10:45

View from the UK and EU: How OFSI and the EU Commission are Working Collaboratively on Russia Sanctions

Microphone Giles Thomson, Director, Office of Financial Sanctions Implementation (OFSI) HM Treasury

Alina Nedea, Head of Sanctions, DG, FISMA, European Commission

11:45

Case Study: Behind the Scenes View of Seizing Russian Oligarch Assets

Microphone Andrew Adams, Director for KleptoCapture Task Force, U.S. Department of Justice

George Ioannidis, Assistant Special Agent in Charge, Homeland Security Investigations

Sharon Cohen Levin, Partner, Sullivan & Cromwell LLP

• Issuing warrants to all financial institutions to surrender blocked assets

• Seizing yachts and planes

• Working with other countries for enforcement (and asset freezing) purposes

• How the agencies work together

• What happens to the seized property?

12:30 Networking Lunch

1:45

Sanctions Audits, Regulatory Exams and Investigations: Tools to Strengthen Internal Controls, Evaluate Risk and Test Your Sanctions Compliance Program

Microphone Alice Rojas, Director, Americas Head of Sanctions Compliance, Société Générale Corporate and Investment Banking – SGCIB

Stephanie Liantonio, Deputy Head of Sanctions & Embargoes, Americas, Deutsche Bank

• Framework of OFAC Compliance Commitments – Examining OFAC’s guidance on testing and auditing

• Targeted vs enterprise wide level or holistic review of sanctions compliance program

• Regulatory Exams – How to prepare for a regulatory exam of your sanctions compliance program

• Proactive and ongoing self-identification of issues which pose potential financial crime and sanctions risk

• Sanctions Investigations - developing a defined sanctions incident review process and VSD protocol to ensure complete and timely report of incidents to OFAC (e.g., workflow tools, tracking, lookbacks, etc.

2:30

Sanctions Enforcement in the Digital Age: Adapting Your Program to Manage New Compliance and Enforcement Risks

Microphone David Lee, Director of Sanctions Compliance, Circle Internet Financial, LLC

Ryan Fayhee, Partner, Hughes Hubbard & Reed

Elizabeth Hein, Associate General Counsel - Privacy, Product and Compliance, Foursquare Labs, Inc.

Evan Norris, Partner, Cravath, Swaine & Moore LLP

• Leveraging data efficiently to address sanctions compliance risks

• Balancing privacy interests against user abuses

• Rule making and other policy initiatives

• Recent sanctions evasion techniques

3:15 Networking Break

3:30

Country-Specific Developments to Keep on Your Radar: Iran, Venezuela, Cuba, and Burma

Microphone Nnedinma Ifudu Nweke, Partner, Akin Gump Strauss Hauer & Feld LLP

Perry S. Bechky, Partner, Berliner Corcoran & Rowe LLP

• Current status of the Iran negotiations

• Specific licenses required

• Cuba - Status of educational travel and remittances

• Drug enforcement actions and designations

• What is the impact of the American Express penalty?

4:15

What’s Next: Key Issues to Watch in 2023

Microphone Sean Thornton, Legal - Head of Legal Financial Security (US), BNP Paribas

Dana Begin, Head of Global Sanctions and Anti-Corruption, Fidelity Investments

Darshak Dholakia, Partner, Dechert LLP

• Keeping a watchful eye on UAE, Turkey, India and Pakistan

• Implications of Japan’s response to the war in Ukraine

• New activity with terrorist financing in Afghanistan

• Increased attention placed on ESG issues

• Navigating the increased global AML regulatory environment

5:00 End of Conference

6 | #Sanctions twitter: @ACI_Conferences linkedin: ACI: International Trade: Legal, Regulatory and Compliance Professionals

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Continuing Legal Education Credits

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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