Chief, Money Laundering and Asset Recovery Section
U.S. Department of Justice
Ian C. Richardson
Chief Counsel for Corporate Enforcement, National Security Division
U.S. Department of Justice
Tara La Morte Chief, Illicit Finance & Money Laundering Unit, Asset Forfeiture Coordinator U.S. Attorney’s Office Southern District of New York
Dan
Joshua Jungman
Policy Chief, Compliance DivisionU.S. Office of Foreign Assets Control (OFAC) U.S. Department of the Treasury
Michael Khoo Director, Task Force KleptoCapture U.S. Department of Justice
Matthew Axelrod
Assistant Secretary for Export Enforcement, Bureau of Industry and Security U.S. Department of Commerce
Alina Nedea Head of Sanctions Unit, DG FISMA European Commission
Giles Thomson Director
Office for Financial Sanctions Implementation (OFSI) and Economic Crime HM Treasury
Heather Jacobson Deputy Director, Office of Economic Sanctions Policy and Implementation Bureau of Economic and Business Affairs, U.S. Department of State
Agent in Charge Homeland Security Investigations
Michael Steltzer Deputy Head of Sanctions Unit, DG FISMA European Commission
AGENDA AT-A-GLANCE
PRE-CONFERENCE WORKSHOPS | Tuesday, December 3, 2024
WORKSHOP A CLOCK 9:00 AM–12:30 PM
OFAC Sanctions Compliance Deep Dive: Blueprint to Maintaining a Highly Effective Sanctions Compliance Program and Satisfying OFAC Requirements
MAIN CONFERENCE DAY 1
Wednesday, December 4, 2024 | 8:00 am–5:00 pm
7:30 am Networking Breakfast and Registration
8:30 am Opening Remarks from the Co-Chairs
8:45 am SPECIAL POST-ELECTION SESSION
Preparing for the Post-Election Aftermath: Repositioning Your Economic Sanctions and Export Compliance Programs to Prepare for a New Administration
9:45 am RUSSIA-RELATED SANCTIONS, PART 1
Managing Third-Party Risk and Detangling Ownership Structures: Mitigating Secondary Sanctions Risks and Clarifying Requirements Under EO 14114
10:30 am Networking Break
10:45 am KEYNOTE INTERVIEW: Bureau of Security and Industry (BIS)
11:30 am Operationalizing AI to Enhance Screening and Reduce the Risk of False Positives
12:15 pm Networking Luncheon
1:15 pm KEYNOTE ADDRESS WITH OFAC Year-in-Review and Enforcement Priorities for 2025
2:00 pm Managing the Convergence of Economic Sanctions, Export Controls and AML Amid Intensifying Enforcement
3:00
3:15 pm IRAN-RELATED SANCTIONS
Transshipment and Supply Chain Security: Compliance and Consequences for Contributing to Iran and Russia’s UAV Programs
3:45
4:00 pm
Roundtable 1: Russia and China
Tackling the Due-Diligence Challenges
Roundtable 2: Venezuela
Analyzing the Latest Updates to Venezuela-Related Sanctions
Roundtable 3: Responding to an OFAC Subpoena Do’s and Don’ts
Roundtable 4: FinTech and the Future of Sanctions How Fintechs and Banks are Strengthening Sanctions Compliance and the Challenges They Face
Roundtable 5: Post-Election Discussion
Preparing for a New Administration
5:00 pm Day 1 Closing Remarks and Networking Cocktail Reception
WORKSHOP B CLOCK 1:30–5:00 PM
Strengthening your Risk-Based Approach to Sanctions Evasion: Upgrading Your Toolbox for Detecting and Addressing Increasingly Sophisticated Schemes
MAIN CONFERENCE DAY 2
Thursday, December 5, 2024 | 8:00 am–4:45 pm
7:30 am Networking Breakfast and Registration
8:30 am Opening Remarks from the Co-Chairs
8:35 am KEYNOTE: THE EU COMMISSION
9:00 am CHINA, PART I: COMPLEX DILEMMAS
Navigating the Newest, Most Complex Dilemmas Related to China: Circumvention, Expanded U.S. Export Controls and Chinese Countermeasures
9:45 am Networking Break
10:00 am FIRESIDE CHAT with Director, Task Force KleptoCapture
10:45 am RUSSIA-RELATED SANCTIONS, PART 2
Navigating the Blocking of the National Settlement Depository (NSD): What it Means for Organizations Operationally
11:30 am FIRESIDE CHAT: OFSI
12:00 pm Networking Luncheon
1:00 pm Strengthening Your Risk-Based Approach to Sanctions Evasion: Strategies for Identifying and Combatting the Newest, Most Complex Schemes
1:45 pm Responding to Concurrent Sanctions and Export Enforcement Actions, and Best Practices for Voluntary Self-Disclosures
2:30 pm CHINA, PART 2: RISK ASSESSMENTS
Conducting Detailed Risk Assessments for Your Operations and Business in China: Revisiting Investments, Supply Chain Dependency, and Identifying Strategic Adjustments
3:15 pm Networking Break
3:30 pm Keeping Up with New U.S. Sanctions Designations and Delistings: How to Know If Your Program is Adapting and Integrating Rapid Changes
4:15 pm Human Rights and Forced Labor: Incorporating UFLPA, Global Magnitsky and Targeted Sanctions into Your Compliance Strategy
5:00 pm Closing Remarks from the Co-Chairs and Conference Concludes
SPEAKER FACULTY
KEYNOTE S PEAKERS
Joshua Jungman
Policy Chief, Compliance Division
Office of Foreign Assets Control (OFAC), U.S. Department of the Treasury
Matthew Axelrod
Assistant Secretary for Export Enforcement, Bureau of Industry and Security
U.S. Department of Commerce
Michael Khoo Director, Task Force KleptoCapture
U.S. Department of Justice
Alina Nedea
Head of Sanctions Unit, DG FISMA European Commission
Giles Thomson Director
Office for Financial Sanctions Implementation (OFSI) and Economic Crime HM Treasury
CONFERENCE CO-CHAIRS
Chanhee Han
Senior Director, Legal Counsel, International Trade and Sanctions The Coca Cola Company
Nicole Jacoby
Senior Vice President & Head of Compliance, Americas Christie’s
Jason Prince Partner
Akin Gump Strauss Hauer & Feld LLP
Immediate-Past OFAC Chief Counsel
SENIOR GOVERNMENT OFFICIALS
Molly Moeser
Chief, Money Laundering and Asset Recovery Section
U.S. Department of Justice
Ian C. Richardson
Chief Counsel for Corporate Enforcement, National Security Division
U.S. Department of Justice
Heather Jacobson
Deputy Director, Office of Economic Sanctions Policy and Implementation Bureau of Economic and Business Affairs, U.S. Department of State
Tara La Morte
Chief, Illicit Finance & Money Laundering Unit, Asset Forfeiture Coordinator, U.S. Attorney’s Office Southern District of New York
Dan Clutch
Deputy Director, Office of Export Enforcement (OEE) Bureau of Industry and Security (BIS)
U.S. Department of Commerce
George Ioannidis
Acting Deputy Special Agent in Charge
Homeland Security Investigations
Michael Steltzer
Deputy Head of Sanctions Unit, DG FISMA
European Commission
INDUSTRY SPEAKERS & THOUGHTLEADERS
Omar AL-Mogahed
Senior Sanctions Investigator Robinhood
Claire Axinn
Director, Sanctions and Risk Advisory Capital One WSN Member
Sahand Boorboor
Global Head of Financial Crimes Compliance Citadel Securities
Phillip Byrnes
Global Deputy Head, Sanctions & Global Head, Sanctions Advisory, Financial Crime Compliance
Standard Chartered Bank
Jenn Cox
Senior Manager, Trade Screening Microsoft
Luis Duarte
Former Senior Officer OFAC
Mac Fadlallah Co-Founder & Head of Growth OverRuled
Bahman Farahdel
Global Head of Sanctions & Trade Compliance Bloomberg
Edward Fishman
Senior Research Scholar and Adjunct Professor of International and Public Affairs Columbia University
Brian Gatta
Co-Founder & Head of Sanctions OverRuled
Justyna Gudzowska
Senior Policy & Development Advisor The Sentry
Nathan Harsch
Vice President and Chief Compliance Officer Westinghouse Electric Company
Madina Israilova Director, Sanctions Compliance UBS
Andrew Jensen
Managing Director, Global Head of Sanctions & ABC TD
Reilly Kimmerling Senior Director, Global Trade Compliance MACOM
Shane Krumeich Director, Trade Compliance Department Mitsubishi Corporation (Americas)
Brandon Lee
Vice President, Government Sanctions Group Goldman Sachs
David Lynch
SVP, Analytical Solutions Sayari
Richard McDermott
Global Sanctions Program Director AmTrust Financial Services, Inc.
Robert Patterson
Director, Americas Head of Sanctions Investigations
Société Generale
Elizabeth Rosenberg
Managing Director, Global Financial Crimes Public Policy Bank of America
Cassie Schock
Director, Head of Sanctions
CIB Americas
BNP Paribas
Ilya Shulman
Executive Director, Global Financial Crimes Counsel, Head of Sanctions Legal JPMorgan Chase & Co.
Brandon Smith
Director, Americas Head of Sanctions and Anti-Bribery Corruption (ABC) Barclays
Philip Smith
Group Head of Financial Crime Risk Management Booking Holdings
Howard Spieler
Business Sanctions Risk Officer, Banking and International Citi
Clay Stevenson
Managing Director, Global Head of Sanctions & Embargoes
Deutsche Bank
Andrew C. Adams Partner
Steptoe LLP
Former Director, Task Force KleptoCapture
Aydin M. Akgün Director of Licensing & Compliance
Ferrari & Associates Former Chief, Licensing Division, OFAC
Andrea Al-Attar Principal
The Law Office of
Andrea T. Al-Attar, PC Former Section Chief, Licensing Division, OFAC
Brad Brooks-Rubin Partner
Arktouros PLLC
Caroline Brown Partner
Crowell & Moring LLP
Stephanie Brown Cripps Partner
Freshfields Bruckhaus Deringer LLP
Kuang Chiang Counsel
A&O Shearman
Anden Chow Partner
MoloLamken LLP
Darshak Dholakia Partner Dechert LLP
Rachel Fiorill Partner
Morrison & Foerster LLP
Nathanael Kurcab Of Counsel
Morrison & Foerster LLP
David H. Lim Partner
White & Case LLP
Former Co-Director, Task Force KleptoCapture
Michael P. Grady
Chief, Bank Integrity Unit, Money Laundering & Asset Recovery Section
U.S. Department of Justice, Criminal Division
Sara Donovan Head of Sanctions Compliance
Morgan Stanley
Maeva Donlin VP, Head of Sanctions Compliance Nordea
David Y. Lee
Global Director for Sanctions & Screening and OFAC Officer Payoneer
Malissa Lewis Director, Head of Sanctions Advisory (America)
Société Generale Corporate and Investment Banking
Tory Tibor VP, Global Head of Trade Compliance; and Economic Sanctions Compliance Officer
Olympus Corporation
Bing Xu
Chief Counsel, Global Trade Controls, Regional Head of Sanctions and Export Control –North America and Asia-Pacific Rolls-Royce
Sara Nordin
Partner (Brussels, Stockholm) White & Case LLP WSN Member
Adam M. Smith Partner
Gibson, Dunn & Crutcher LLP
Nicole Succar Partner
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Pre-Conference Workshops
Tuesday, December 3, 2024
9:00 am–12:30 pm (Registration at 8:30 am)
AOFAC Sanctions Compliance Deep Dive: A Complete Blueprint to Maintaining an Effective, Agile Sanctions Compliance Program and Satisfying OFAC Requirements
With so many rapid changes, it is crucial to ensure that your program can quickly and effectively pivot accordingly. During this deep-dive intensive, practical workshop, the speakers will walk through an updated blueprint that can serve as invaluable resource for how to strengthen your program and position it for more anticipated developments and risk factors.
Topics will include:
• Conducting thorough risk assessments to identify your organization’s exposure to OFAC sanctions risks, and regularly updating the risk assessment to reflect changes in business operations, geopolitical dynamics, and updates to sanctions lists
• Developing and implementing comprehensive policies and procedures that align with OFAC regulations and ensuring they are tailored to your organization’s specific risk profile
• Updating screening procedures for customers, vendors, and transactions against OFAC’s sanctions lists, including Specially Designated Nationals (SDN) and Blocked Persons List
• Establishing systems for monitoring transactions in real-time to detect potential sanctions violations and leveraging emerging technologies for supply chain transparency
• Regularly testing and auditing your compliance program to ensure effectiveness and adherence to OFAC requirements, including internal audits and third-party audits
1:30–5:00 pm (Registration at 1:00 pm)
BStrengthening your Risk-Based Approach to Sanctions Evasion: Upgrading Your Toolbox for Detecting and Addressing Increasingly Sophisticated Schemes
Circumvention and evasion schemes have become increasingly sophisticated, posing significant enforcement and compliance risks. As detection and prevention are becoming more complex than ever before, staying on top of the most effective strategies is key— from continuous monitoring, the implementation of robust due diligence practices and more.
During this comprehensive, deep-dive workshop, we will review a fully updated, step-by-step approach to identifying and addressing circumvention and evasion schemes and what to do when uncovering an actual or suspected issue.
Topics will include:
• Strengthening your risk-based approach to sanctions evasion, and strategies for identifying and combatting the newest, most complex schemes
• Dissecting the most sophisticated and emerging, new schemes. and how they were uncovered
• Various methods used in circumvention schemes, such as mislabeling, transshipment, and undervaluation of goods
Reilly Kimmerling Senior Director, Global Trade Compliance MACOM
Anden Chow Partner MoloLamken LLP
Robert Patterson
Director, Americas Head of Sanctions Investigations Société Generale
Cassie Schock
Director, Head of Sanctions CIB Americas BNP Paribas
Shane Krumeich
Director, Trade Compliance Department Mitsubish Corporation (Americas)
• Implementing AI and other advanced monitoring tools: Best practices for continuously monitoring transactions and supply chains for red flags and irregularities
• Strengthening due diligence processes by conducting thorough background checks on suppliers and partners, and regularly auditing compliance practices
• How to know if your detection strategies are relevant and effective
• Promoting a strong compliance culture within your organization through regular training and awareness programs, encouraging employees to report suspicious activities
Day One
Wednesday, December 4, 2024
7:30 Networking Breakfast and Registration
8:30 Opening Remarks from the Co-Chairs
Chanhee Han
Senior Director, Legal Counsel, International Trade and Sanctions
The Coca Cola Company
Nicole Jacoby
Senior Vice President & Head of Compliance, Americas Christie’s
Jason Prince Partner
Akin Gump Strauss Hauer & Feld LLP
Immediate-Past OFAC Chief Counsel
8:45 Preparing for the Post-Election Aftermath: Repositioning Your Economic Sanctions and Export Compliance Programs to Prepare for a New Administration
Join us for a special opening panel discussion focused on the outlook of sanctions and export controls on the heels of the 2024 U.S. Presidential election. As a new administration takes office in January, organizations must be ready to proactively reposition their programs to anticipate potential changes in policies and enforcement priorities, ensuring readiness for any scenario.
Key topics will include:
• Anticipated policy and enforcement shifts, and the impact on your organization’s risk profile
• Unpacking various scenarios that could arise from potential shifts in sanctions focus
• Creating contingency plans to address anticipated changes effectively
• Leveraging sophisticated compliance tools and technologies for real-time monitoring, automated screening, and enhanced response capabilities to swiftly adapt to new sanctions designations and real-time regulatory changes
• Strengthening risk mitigation tactics and resilience in the face of geopolitical uncertainty—impacts of a new administration
• Managing sanctions hot spots in 2025 and beyond
Sahand Boorboor
Global Head of Financial Crimes Compliance Citadel Securities
Edward Fishman
Senior Research Scholar and Adjunct Professor of International and Public Affairs
Columbia University Former Russia Sanctions Lead, U.S. Department of State
Elizabeth Rosenberg Managing Director, Global Financial Crimes Public Policy Bank of America
George Ioannidis Acting Deputy Special Agent in Charge Homeland Security Investigations
Moderator: David H. Lim Partner
White & Case LLP
Former Co-Director, Task Force KleptoCapture
Third-Party Risk and Detangling Ownership Structures: Mitigating Secondary Sanctions Risks and Clarifying Requirements Under EO 14114
Executive Order (EO) 14114 highlights the critical need for companies to manage third-party risks and detangle complex ownership structures to avoid secondary sanctions. In today’s interconnected global economy, hidden ties to sanctioned individuals or entities can expose businesses to significant risks. EO 14114 mandates that organizations enhance their compliance programs, conduct thorough due diligence, and ensure transparency in ownership to navigate these challenges and avoid inadvertent violations.
During this panel, we will explore:
• Implementing comprehensive due diligence procedures to assess third-party relationships, including in-depth checks on ownership structures and connections to sanctioned entities
• Establishing a system for ongoing monitoring of third-party ownership and control changes to quickly identify and address any emerging sanctions risks
• Revising sanctions compliance policies to reflect EO 14114 requirements, ensuring they are communicated across your organization and to relevant third parties
• Including specific clauses in contracts with third parties that mandate compliance with EO 14114 and allowing for termination in case of violations
Phillip Byrnes
Richard McDermott Global Sanctions
Program Director
AmTrust Financial Services, Inc.
“Quality content, came away feeling like it was a good use of my time, good venue, good food and drinks. ACI staff were very helpful and friendly.”
SVP & ASSOCIATE GENERAL COUNSEL, THE CLEARING HOUSE
Rachel Fiorill Partner
Morrison & Foerster LLP
David Lynch
SVP, Analytical Solutions Sayari
11:30 Operationalizing AI to Enhance Screening and Reduce the Risk of False Positives
AI may offer a transformative approach to sanctions compliance by strengthening customer due diligence and reducing false positives. By leveraging advanced machine learning algorithms and natural language processing, organizations can analyze vast amounts of data with greater accuracy and speed than traditional methods. This could result in, enhanced identification of sanctioned entities and activities, and more efficiency and effectiveness of compliance programs.
During this panel, we will explore the lengths and limits of AI, including key issues:
• To what extent AI can enhance accuracy, efficiency, and adaptability in a complex landscape of multijurisdictional regulatory requirements
• Leveraging AI to reduce false positives
• Strengthening Customer Due Diligence through your AI toolkit
• How organizations are using advanced AI technologies to analyze and process large datasets
• Leveraging automation capabilities of GenAI to streamline the compliance process
Jenn
Nathan
Sara
Morgan
• Dissecting the lengths and limits of AI capabilities—and when other technologies and/or manual reviews still remain key
2:00 Managing the Convergence of Economic Sanctions, Export Controls and AML Amid Intensifying
The evolving interplay between U.S. economic sanctions, export controls, and AML underscores the pressing need to implement comprehensive risk management practices and upgraded compliance strategies.
During this panel, we will explore:
• How, and why, we are seeing an increased convergence of sanctions, export controls and AML, and what this means for risk and compliance moving forward
• How sanctions, export and AML enforcement agencies are coordinating efforts-and when one enforcement action can lead to more
• Developing and implementing robust compliance strategies that integrate economic sanctions, export controls, and AML
• Leveraging existing resources to maximize compliance in each area
• Conducting regular risk assessments to identify and mitigate overlapping risk factors
Enforcement
Michael P. Grady
Chief, Bank Integrity Unit
Money Laundering & Asset Recovery Section
U.S. Department of Justice, Criminal Division
Ian C. Richardson Chief Counsel for Corporate Enforcement, National Security Division
U.S. Department of Justice
Justyna Gudzowska
Senior Policy & Development Advisor
The Sentry
and Supply Chain Security:
Compliance Risks Related to Iran and Russia’s UAV Programs – and More
Transshipment and supply chain security have become critical concerns, especially regarding the enforcement of sanctions and export controls related to Iran and Russia’s unmanned aerial vehicle (UAV) programs. The proliferation of UAVs has heightened global security risks, and the U.S. has taken steps to curb the involvement of any entities that contribute to these programs.
During this panel, we will explore:
• Exploring U.S. secondary sanctions with respect to Iran
• Monitoring high-risk transshipment hubs and applying extra scrutiny to prevent diversion and sanctioned destinations
• Integrating geo-fencing capabilities in logistics systems to flag or block shipments destined for high-risk regions associated with sanctions violations
• Ensuring your ERP/trade management systems are integrated with updated global sanctions databases, enabling immediate alerts for any potential violations
• Identifying and controlling the export of dual-use items
Ilya Shulman
Executive Director, Global Financial Crimes Counsel, Head of Sanctions Legal JPMorgan Chase & Co.
Moderator: Andrew C. Adams Partner
Steptoe LLP
Former Director, Task Force KleptoCapture
Brooks-Rubin
Mac Fadlallah
Co-Founder & Head of Growth OverRuled
ROUNDTABLE 1: Russia and China
Brian Gatta
Co-Founder & Head of Sanctions OverRuled
Tackling Due-Diligence Challenges Related to Russia and China
Maeva Donlin VP, Head of Sanctions Compliance Nordea
WSN Member
ROUNDTABLE 2: Venezuela
Tory Tibor Vice President, Global Head of Trade Compliance; and Economic Sanctions Compliance Officer Olympus Corporation
Exploring the Latest Updates to Venezuela-Related Sanctions— What’s Ahead
Malissa Lewis
Director, Head of Sanctions Advisory (America) Société Generale
Brandon Lee
Executive Director, Government Sanctions Group Goldman Sachs
ROUNDTABLE 3: Responding to an OFAC Subpoena Do’s and Don’ts for Responding to an OFAC Subpoena
Andrea Al-Attar Principal
The Law Office of Andrea T. Al-Attar, PC
Former Section Chief, Licensing Division, OFAC David H. Lim
ROUNDTABLE 4: FinTech and the Future of Sanctions
How Fintechs and Banks are Strengthening Sanctions Compliance and the Challenges They Face
David Y. Lee
Global Director for Sanctions & Screening and OFAC Officer Payoneer
Former Deputy Political Counselor, Head of Strategic Affairs and Sanctions Director, U.S. Mission to the United Nations (USUN)
Andrew Jensen
Managing Director, Global Head of Sanctions & ABC TD
ROUNDTABLE 5: Post-Election Discussion Preparing for a New Administration
Howard Spieler
Business Sanctions Risk Officer, Banking and International Citi
Thursday, December 5, 2024
8:30 Opening Remarks from the Co-Chairs
Chanhee Han
Senior Director, Legal Counsel, International Trade and Sanctions
The Coca Cola Company
Nicole Jacoby
Senior Vice President & Head of Compliance, Americas Christie’s
Jason Prince Partner Akin Gump Strauss Hauer & Feld LLP
Immediate-Past OFAC Chief Counsel
8:35
Alina Nedea Head of Sanctions Unit, DG FISMA European Commission
9:00 Navigating the Newest, Most Complex Dilemmas Related to China: Circumvention, Expanded U.S. Export Controls and Chinese Countermeasures
• Identifying common methods used to circumvent G7 sanctions, including third-party transactions and shell companies
• Coordinated efforts among G7 countries and other allies to ensure consistent application and to close loopholes exploited by evasion strategies
• Addressing the U.S.-China technological “decoupling”
Michael Steltzer
Deputy Head of Sanctions Unit, DG FISMA European Commission
Senior Director, Legal Counsel, International Trade and Sanctions The Coca Cola Company
Bing Xu
Chief Counsel, Global Trade Controls, Regional Head of Sanctions and Export Control - North America and Asia-Pacific Rolls-Royce
Managing Director, Global Head of Sanctions & ABC
CHINA, PART I: COMPLEX DILEMMAS
Chanhee Han
Moderator:
Andrew Jensen
10:00 KEYNOTE FIRESIDE CHAT: Task Force KleptoCapture
Michael Khoo Director, Task Force KleptoCapture U.S. Department of Justice
RUSSIA-RELATED SANCTIONS, PART 2
Two
Moderator: Caroline Brown Partner Crowell & Moring LLP
10:45 Navigating the Blocking of the National Settlement Depository (NSD): What it Means for Organizations Operationally
Navigating the blocking of Russia’s National Settlement Depository (NSD) under Russia-related sanctions poses significant operational challenges for organizations, particularly those involved in financial markets, investment, and trade with Russian entities. The NSD is a key component of Russia’s financial infrastructure, acting as the central securities depository for Russian bonds, equities, and other financial instruments. When sanctioned, the operational impact on organizations can be profound, requiring careful navigation and strategic adjustments.
During this panel, we will explore:
• Conducting a comprehensive review of your organization’s exposure to Russian securities held via the NSD and reallocating assets to non-Russian custodians to mitigate the risk of asset freezes
• Identifying and establishing alternative clearing and settlement arrangements outside of the NSD to ensure continuity in trade execution and settlement processes
• Updating your sanctions compliance program to include rigorous screening of all transactions and counterparties for ties to the NSD
• Continuously tracking and adapting to evolving sanctions regulations related to Russia
11:30 KEYNOTE: OFSI
Giles Thomson Director Office for Financial Sanctions Implementation (OFSI) and Economic Crime HM Treasury
Brandon Smith Director, Americas Head of Sanctions and Anti-Bribery Corruption (ABC) Barclays
Madina Israilova Director, Sanctions Compliance UBS
Your Risk-Based Approach to Sanctions Evasion: Strategies for Identifying and Combatting the Newest, Most Complex Schemes
Tara La Morte
Chief, Illicit Finance & Money Laundering Unit
Asset Forfeiture Coordinator, U.S. Attorney’s Office Southern District of New York
Molly Moeser Chief, Money Laundering and Asset Recovery Section
U.S. Department of Justice
Bahman Farahdel Director, Sanctions and Risk Advisory Capital One
1:45 Responding to Concurrent Sanctions and Export Enforcement Actions, Including Best Practices for Voluntary Self-Disclosures
In an increasingly complex regulatory environment, organizations face the dual challenge of navigating concurrent sanctions and export enforcement actions while ensuring compliance with evolving laws and regulations. The interplay between these enforcement areas requires a nuanced approach, particularly when it comes to voluntary self-disclosures. During this panel, we will explore:
• Implementing robust internal monitoring systems to detect potential violations
• Determining when to disclose an actual or suspected violation
• Creating a clear protocol for voluntary self-disclosures, including guidelines on when and how to report violations, key personnel responsible for disclosures, and required documentation
• Conducting thorough internal investigations
• Investing in continuous training programs to ensure employees are aware of the latest regulatory requirements and equipped to handle compliance challenges effectively
• Engaging with enforcement authorities: Concrete examples of effective cooperation
CHINA, PART 2
Dan Clutch Deputy Director, Office of Export Enforcement (OEE) Bureau of Industry and Security (BIS) U.S. Department of Commerce
Claire Axinn Director, Sanctions and Risk Advisory Capital One WSN Member
2:30 Conducting Detailed Risk Assessments Related to Your Operations and Business in China: Revisiting Investments, Supply Chain Dependency, and Identifying Areas for Strategic Adjustments
Conducting detailed risk assessments to evaluate potential exposure to China-related investments is essential for organizations to identify vulnerabilities and make strategic adjustments that safeguard their interests in an increasingly complex global environment. During this panel, we will explore:
• Creating a comprehensive map of all business, investments, supply chains, and partnerships tied to China to identify potential vulnerabilities
• Re-assessing business and investment-related risks and potential exposure
• Revisiting supply chain risks and structure
• Overcoming challenges to reducing dependency on China: Diversifying suppliers and production facilities across multiple regions to mitigate disruption risks
• Enhancing compliance protocols to ensure alignment with both Chinese regulations and international sanctions
Laurence Hull Senior Counsel, Global Trade - Legal and Compliance Applied Materials
• Adjusting your investment portfolio by reallocating assets away from high-risk sectors in China to more stable markets
Clay Stevenson Managing Director, Global Head of Sanctions & Embargoes Deutsche Bank
Sara Nordin Partner (Brussels, Stockholm) White & Case LLP
Moderator: Darshak Dholakia Partner Dechert LLP
Moderator: Stephanie Brown Cripps Partner Freshfields Bruckhaus Deringer LLP
3:30
Keeping Up with New U.S. Sanctions Designations and Delistings: How to Know If Your Program is Adapting and Integrating Rapid Changes
As OFAC regularly updates its list of sanctioned entities and individuals, the implications for businesses can be significant, affecting everything from supply chains to financial transactions. Navigating these changes requires a nuanced understanding of the regulations and a proactive approach to compliance, ensuring that your organization can adapt swiftly.
During this panel, we will explore:
• Implementing automated systems to receive instant notifications about new OFAC sanctions designations and delistings to stay informed of regulatory changes in real-time
• Creating and maintaining a contingency plan for rapid response to unexpected changes in OFAC sanctions, including protocols for handling immediate compliance issues
• Navigating OFAC’s new “unblocking reporting”
• Utilizing advanced data analytics and machine learning tools to enhance the detection and monitoring of transactions and relationships that may involve newly sanctioned entities
4:15
Deputy Director, Office of Economic Sanctions Policy and Implementation Bureau of Economic and Business Affairs U.S. Department of State
Human Rights and Forced Labor: Incorporating UFLPA, Global Magnitsky and Targeted Sanctions into Your Compliance Strategy
The Global Magnitsky Act imposes sanctions on individuals and entities involved in serious human rights abuses and corruption worldwide, while the Uyghur Forced Labor Prevention Act (UFLPA) targets entities implicated in forced labor practices within China’s Xinjiang region.
During this panel, we will explore key issues, including:
• Performing thorough audits to identify and address any links to forced labor in Xinjiang and ensuring transparency in your supply chains
• Adjusting your compliance programs to incorporate the Global Magnitsky Act and the UFLPA
• Implementing systems for real-time monitoring of new Global Magnitsky designations and UFLPA-related updates to ensure ongoing compliance
• Leveraging advanced technologies to improve supply chain traceability and verify that products are not associated with forced labor practices 5:00
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Book with confidence!
Register and pay to lock in your early rate and be eligible for a full refund until November 20. If you are unable to attend for any reason, you will have the following options: y A full credit note for you, or a colleague to attend another event. y A full refund.
cancellations and changes must be submitted to CustomerService@AmericanConference.com by November 20.
