13th Annual Forum on AML & OFAC Compliance for the Insurance Industry - DS

SPEAKING FACULTY

Co-Chairs:

Scott Horton

Associate General Counsel, Global Head of Financial Crimes AIG

Ben Omorogbe Vice President and Group General Counsel Travelers

Keynote Speaker:

Deborah Connor

Partner, Litigation Department

Morrison Foerster

Former Chief, Money Laundering and Asset Recovery Section; Former Principal Deputy Chief, Money Laundering Asset Recovery Section U.S. Department of Justice

Speakers:

Jesse Aedo

Group Head of Compliance Aspen Insurance Group

David J. Brummond

Of Counsel

Jacobson Burton Kelley

Former Senior Sanctions Advisor, Office of Foreign Assets Control (OFAC)

Terrific conference – learned useful updated information, heard very knowledgeable speakers, enjoyed good networking opportunities.

Prudential Financial

Sandra Calmes

AVP & Senior Corporate Counsel, Global Compliance and Global Financial Crimes Liberty Mutual Insurance

Evanthia Coffee Senior Lawyer Gard (North America) Inc.

Luis Duarte de Jesus

U.S. Anti-Financial Crimes (OFAC/Sanctions) Generali Aleksandar Dukic Partner Hogan Lovells

Deborah Hirschorn

Managing Director, US Cyber & Technology Claims Leader Lockton Companies

Andrew Jensen

Managing Director and Global Head, Sanctions and Screening Scotiabank

Former Assistant Director of Global Affairs, Middle East/ North Africa U.S. Department of Treasury

John Keough Partner Clyde & Co

Satish M. Kini Partner Debevoise & Plimpton

Matthew Klein, JD, CAMS

BSA/AML Compliance Officer Oxford Life Insurance Company

Susan Leddy (WSN Founding Member) Senior Legal Counsel Swiss Re

Sharon Cohen Levin Partner

Sullivan & Cromwell LLP

Former Chief, Money Laundering & Asset Forfeiture Unit

U.S. Attorney’s Office for the Southern District of New York

Alexander MacLean

Global Head of Compliance and Chief Compliance Officer Aegon

Jeanine McGuinness Partner

Orrick, Herrington & Sutcliffe LLP

Kelvin Miller

Senior Counsel, Legal Shared Services, Economic & Trade Sanctions Travelers

Sharon Nobbel

Senior Legal Counsel and APAC Compliance Officer SCOR

Kelly Pirrotta, CAMS

Head of Anti-Money Laundering, Economic Sanctions, and Senior Financial

Exploitation Compliance MassMutual

Livio Russo

Group Ethics Officer Generali

Damian Sepanik Chief Compliance Officer Zurich Insurance Company

Stephen Shine

Principal - Co-Chair Securities Regulatory Practice Group Bressler, Amery & Ross

Former Trial Attorney, Criminal Division - Fraud Section U.S. Department of Justice

James D. Slear Partner

Thompson Coburn LLP

Isabella Stengele, CAMS

Global AML/Sanctions Project Leader – Legal, Compliance Gallagher

Tahlia Townsend Partner Wiggin & Dana LLP

Inna Tsimerman (WSN Founding Member) Chief International Trade Counsel Gallagher

Part of C5 Group’s

ECONOMIC

10:40

11:00

DAY 1 Tuesday, January 24, 2023

8:00 Networking Breakfast and Registration

9:00

Opening Remarks from the Co-Chairs

microphone-alt Scott Horton, Associate General Counsel, Global Head of Financial Crimes, AIG

Ben Omorogbe, Vice President and Group General Counsel, Travelers

9:05

Opening Keynote Address

microphone-alt Deborah Connor, Partner, Litigation Department, Morrison Foerster Former Chief, Money Laundering and Asset Recovery Section; Former Principal Deputy Chief, Money Laundering Asset Recovery Section U.S. Department of Justice

9:30

COMPLYING WITH RUSSIA SANCTIONS

Unraveling the Unprecedented Russia Sanctions and Adapting to the Rules in a Rapidly Changing Environment

microphone-alt Sandra Calmes, AVP & Senior Corporate Counsel, Global Compliance and Global Financial Crimes, Liberty Mutual Insurance

James D. Slear, Partner, Thompson Coburn LLP

Inna Tsimerman, Chief International Trade Counsel, Gallagher

Moderator: Tahlia Townsend, Partner, Wiggin and Dana LLP

On the heels of Russia’s invasion into the Ukraine, Western sanctions against Russia are some of the most complex economic punishments doled out by the U.S., the EU, and the UK. During our opening panel discussion, we will unravel the complexity of sanctions against Russia and the related implications for the insurance industry. Discussion points include:

• An overview of updates on new UK, EU, and U.S. Sanctions on Russia

• Complying with the G7 Price Cap on Russian crude oil and petroleum products

• Assessing the unprecedented challenges in applying measures against Russia

• Examining the U.S. Economic Sanctions program and insurance coverage implications

Networking Break

MARITIME SANCTIONS COMPLIANCE

Identifying the Top Loss Trends with AML/OFAC Risk Challenges for the Maritime Sector in 2023, and Implications for the Insurance Market

microphone-alt Evanthia Coffee, Senior Lawyer, Gard (North America) Inc.

Aleksander Dukic, Partner, Hogan Lovells

Moderator: John Keough, Partner, Clyde & Co

As maritime insurance businesses labor to navigate a maze of varying international enforcements, compliance experts find themselves under an increasingly intense demand to adjust to the rapidly evolving compliance restrictions related to new and evolving maritime sanctions. During this panel, we will explore:

• How multinational companies are addressing top maritime sanctions compliance

• Preliminary guidance from OFAC on implementation of maritime services policy ban

• Clarity on the international regulatory standards governing maritime insurance

• Chartering, sub-chartering and cargo fixtures/reporting and STS tanker operations

12:00 Networking Luncheon

1:15 RANSOMWARE THREATS TO THE INSURANCE INDUSTRY

Navigating the Sanctions & AML Implications of Ransomware & Cyber Attacks in 2023

microphone-alt Deborah Hirschorn, Managing Director, US Cyber & Technology Claims Leader, Lockton Companies

Jeanine McGuinness, Partner, Orrick, Herrington & Sutcliffe LLP

• FinCEN’s and OFAC’s ransomware advisories

• The role of cryptocurrency exchanges being used to facilitate ransomware payments

• The reimbursement of the ransom payment, and negotiating with threat actors

• The anatomy of a ransomware claim

2:00 SECTOR-SPECIFIC ROUNDTABLES

A Property & Casualty Insurance Focus

microphone-alt Ben Omorogbe, Vice President and Group General Counsel, Travelers

B Maritime Insurance Focus

microphone-alt Evanthia Coffee, Senior Lawyer, Gard (North America) Inc.

C Life Insurance Focus

microphone-alt Kelly Pirrotta, CAMS, Head of Anti-Money Laundering, Economic Sanctions, and Senior Financial Exploitation Compliance, MassMutual

During these sector-specific roundtables, convene to address key topics that are currently top of mind for your industry peers. Walk away with insights and solutions to some of your pressing challenges and learn about industry pain points and the path forward.

3:00 Networking Break

3:15 STRENGTHENING YOUR CULTURE OF COMPLIANCE

Practical Tips for Bolstering a Culture of Compliance Across the Organization

microphone-alt Jesse Aedo, Group Head of Compliance, Aspen Insurance Group

Kelvin Miller, Senior Counsel, Legal Shared Services, Economic & Trade Sanctions, Travelers

Sharon Nobbel, Senior Legal Counsel and APAC Compliance Officer, SCOR

Isabella Stengele, CAMS, Global AML/Sanctions Project Leader – Legal, Compliance, Gallagher

Moderator: Damian Sepanik, Chief Compliance Officer, Zurich North America

The message in 2023 is clear: create, maintain, and improve your sanctions compliance program or risk steep enforcement actions. During this panel, we will explore the opportunities and barriers to strengthening a culture of compliance, including implementing the core elements of compliance and top mistakes to avoid for sanctions compliance programs. Discussion points include:

• Practical operational takeaways for incorporating sanctions screening into the business as usual

• Implementing the core elements of compliance into your sanctions program

• Creating a culture of compliance, starting at the top of the organization

• Integrating your compliance program into your organization’s existing workflow

• How to get buy in from compliance measures

4:15

GOVERNMENT ALUMNI INSIGHTS PANEL

Former Government Officials Discuss Insights into the

Regulatory Landscape for the Insurance Industry

Evolving

microphone-alt David J. Brummond, Of Counsel, Jacobson Burton Kelley PLLC, Former Senior Sanctions Advisor, OFAC

Sharon Cohen Levin, Partner, Sullivan & Cromwell

LLP

Former Chief, Money Laundering & Asset Forfeiture Unit

U.S. Attorney’s Office for the Southern District of New York

Moderator: Stephen Shine, Principal - Co-Chair Securities Regulatory Practice Group, Bressler, Amery & Ross, Former Trial Attorney, Criminal Division - Fraud Section, U.S. Department of Justice

During this panel session, former government officials provide unique insight on the evolution of enforcement and penalty risks for the insurance industry. Join this panel discussion for insight into anticipated trends moving forward and critical takeaways for meeting regulators’ expectations.

5:00

Closing Remarks and Day 1 Concludes

Part of C5 Group’s

ECONOMIC SANCTIONS GLOBAL SERIES

Very good experience learning how other companies structure their companies AML plans.

Ohio National Financial Services

8:00 Networking Breakfast and Registration

Women in Sanctions (WSN) Networking Breakfast — (Open to All)

9:00

Opening Remarks from the Co-Chairs

microphone-alt Scott Horton, Associate General Counsel, Global Head of Financial Crimes, AIG

Ben Omorogbe, Vice President and Group General Counsel, Travelers

9:05 GLOBAL PERSPECTIVES PANEL

Exploring Top AML and Sanctions Risks and Trends through a Global Lens

microphone-alt Susan Leddy, Senior Legal Counsel, Swiss Re Alexander MacLean, Global Head of Compliance and Chief Compliance Officer, Aegon Livio Russo, Group Ethics Officer, Generali

Moderator: Scott Horton, Associate General Counsel, Global Head of Financial Crimes, AIG

During this highly anticipated international panel, join compliance thought leaders from leading insurance companies for insights into the top global challenges facing insurance companies in 2023.

9:55 Networking Break

10:15

TOP 5 AML ISSUES

Tackling the Top 5 AML Issues Impacting the Insurance Industry in 2023

microphone-alt Luis Duarte de Jesus, U.S. Anti-Financial Crimes (OFAC/Sanctions), Generali Andrew Jensen, Managing Director and Global Head, Sanctions and Screening, Scotiabank, Former Assistant Director of Global Affairs, Middle East/North Africa, U.S. Department of Treasury

Moderator: Satish M. Kini, Partner, Debevoise & Plimpton

In 2023, insurers face the growing challenge of balancing the ever-growing list of high-priority areas for governing agencies, including a focus on AML. During this panel, we will address the top 5 AML issues impacting this insurance industry in 2023, including:

• Preparing for the Beneficial Ownership Registry Rule – what it covers and what it doesn’t; how FinCEN is going to interpret new legislation

• KYC and CDD as highlighted by all of the sanctions work

• Launching Enhanced Due Diligence

• Aligning departments across the organization

• Having a solid and AML sanctions program – from people to processes to data

11:15 PREPARING FOR YOUR AML COMPLIANCE AUDIT

Costly Mistakes to Avoid When Preparing for Your AML Compliance Audit

microphone-alt Matthew Klein, JD, CAMS, BSA/AML Compliance Officer, Oxford Life Insurance Company

During this audit-focused panel, explore best practices for preparing for an upcoming AML audit. We will explore the key areas you need to address when preparing for an AML audit, and what you should do right after one is completed to avoid costly mistakes and to remain transparent and compliant. Discussion points include:

• Identifying challenges and remediation plans with your auditor

• Adding value to your audit report and the full audit process

• Maintaining transparency through key documentation

• Avoiding costly mistakes most organizations make while preparing for an audit

11:45

Closing Remarks & Conference Concludes

UPCOMING EVENTS

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Continuing Legal Education Credits

EARN CLE 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.

ACI certifies this activity has been approved for CLE credit by the New York State Continuing Legal Education Board.

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

ACI has a dedicated team which processes requests for state approval. Please note that event accreditation varies by state and ACI will make every effort to process your request.

Questions about CLE credits for your state? Visit our online CLE Help Center at www.americanconference.com/accreditation/cle/

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HANDSHAKE

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CHEVRON-DOUBLE-RIGHT Attend live sessions, ask questions, comment in the chat function , and take part in live polling.

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Horton Associate General Counsel, Global Head of Financial Crimes AIG

CO-CHAIRS:

Vice President and Group General Counsel Travelers

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Join scheduled “1:1 Networking” sessions. They are an interactive way to expand your network of peers.

Engage with solution providers of all kinds by visiting the “Expo” to watch videos and live demonstrations, and for face-to-face conversations.

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Use the Chat feature to engage with fellow attendees, speakers and sponsors. Turn your camera on for roundtable sessions, networking events and video chats for a more engaging virtual connection.

Use the “People” tab to create new relationships and strengthen existing ones within your industry.

Scott

Ben Omorogbe