15th Annual Forum on
& SANCTIONS COMPLIANCE for
Insurance Industry
January 22–23, 2025
New York Bar Association, New York, NY
Hear from Senior Government Officials:
Menno Goedman
Co-Director, Task Force KleptoCapture U.S. Department of Justice
Claire Grunewald
Sanctions Compliance Officer, Office of Foreign Asset Controls U.S. Department of the Treasury
Alina Nedea
Head of Unit, Sanctions
Directorate-General for Financial Stability, Financial Services and Capital Markets Union EU Commission
Associate Sponsor
What’s New for 2025:
CHEVRON-RIGHT Top Sanctions Compliance Challenges: Insurers Share the Most Effective, Industry-Specific Strategies to Upgrade Programs
CHEVRON-RIGHT Financial Institutions: How Banks Are Collaborating with Insurance Companies to Strengthen Due Diligence
CHEVRON-RIGHT AI for Insurance and Reinsurance: Utilizing Data to Identify Sanctions Risks and Increase Efficiency
CHEVRON-RIGHT Maritime Industry: Monitoring Increased Dark Fleet and the Gray Fleet Used for Shipments to Russia, Iran and Venezuela
CHEVRON-RIGHT Conflicts of Law in the Insurance Context: Resolving Dilemmas When Sanctions Restrictions Differ Across Jurisdictions
CHEVRON-RIGHT AML and Sanctions: How Insurance Companies Are Mitigating Increased Risks in Latin America and the Middle East
Connect With Leaders from:
• AIG
• AmTrust Financial Services
• BNP Paribas
• Bunge
• Clear Spring Life and Annuity Company
• Gallagher
• Gard
• General Reinsurance
• Generali
• Loadsure
• Liberty Mutual
• Lloyds List
• Marsh McLennan
• The Hartford
• Standard Chartered Bank
• Travelers Insurance
This 1½ Day Conference is the most comprehensive, practical event that is specifically tailored to insurers and reinsurers. Take advantage of this opportunity to benchmark with the industry.
CHEVRON-RIGHT Hear from Senior Government Officials
CHEVRON-RIGHT Engage in 5 hours of Large and Smaller-Group Networking
CHEVRON-RIGHT Discover How Vessels Are Used to Bypass Sanctions
CHEVRON-RIGHT Protect Your Company from Increased Litigation Risk
CHEVRON-RIGHT Learn Tips to Update Your AML and Sanctions Compliance Program
CHEVRON-RIGHT Identify New, Emerging Risks in Russia, the Middle East and Latin America
Join this exclusive legal and compliance cross-industry community!
The Women in Sanctions Network (WSN) is a global community of like-minded women working in economic sanctions. The WSN is committed to promoting diversity across the profession, creating worthwhile networking and educational programs, and updating members on employment and advancement opportunities . Join our Women in Economic Sanctions Membership: WomenSanctionsNetwork.com
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.
For more information on ACI’s CLE process, visit: www.AmericanConference.com/Accreditation/CLE
WOMEN IN SANCTIONS NETWORK
Meet Our Expert Speaker Faculty
GOVERNMENT SPEAKERS
Menno Goedman
Co-Director, Task Force KleptoCapture U.S. Department of Justice
Claire Grunewald
Sanctions Compliance Officer, Office of Foreign Asset Controls U.S. Department of the Treasury
Alina Nedea Head of Unit, Sanctions Directorate-General for Financial Stability, Financial Services and Capital Markets Union EU Commission
Michael Ohm Chief, Major Economic Crimes Bureau
New York County District Attorney’s Office
SPEAKERS
Jesse Aedo Former Group Head of Compliance Aspen Insurance Group
Michaela Arndt
Regional Head, CFCC, Europe & Americas Economic Sanctions Compliance & Group Head US Sanctions Standard Chartered Bank
Michele Wiese Bockmann Editor/Analyst Lloyds List
Sandra Calmes
Vice President Senior Corporate Counsel & Global Financial Crimes Officer Liberty Mutual Group (WSN Member)
Evanthia Coffee Senior Lawyer Gard
Jennifer Downing Managing Director, Senior Counsel, Group Dispute Resolution BNP Paribas (WSN Member)
Luis Duarte
Senior Sanctions Compliance Manager Generali
Ryan Fayhee Partner
Akin Gump Strauss Hauer & Feld LLP
Marci Feige
Sanctions Compliance Director The Hartford
Jonathan Froome Global Head of Financial Crime Marsh McLennan (UK)
Alexandra Gervase Head of Compliance Loadsure (WSN Member)
Andrew Gifford
Global General Counsel and Secretary General Reinsurance
Kate Harnet Of Counsel
A & L Goodbody LLP (Ireland)
Scott Horton
Associate General Counsel, General Head of Financial Crimes AIG
Richard McDermott Global Sanctions Program Director AmTrust Financial Services, Inc.
Douglas Maag Senior Counsel Clyde & Co.
Kelvin Miller Senior Counsel Travelers Insurance
Irina Nossova
Senior Legal Counsel Global Ethics & Sanctions Compliance Bunge (WSN Member)
Sonia A. Patel
Assistant General Counsel Clear Spring Life and Annuity Company
Kim Ramelow AVP, Assistant General Counsel – Multinational The Hartford
Jim Slear Founder Slear Law
Inna Tsimerman Chief International Trade Counsel Gallagher (WSN Member)
Wednesday, January 22, 2025
8:00 Registration and Continental Breakfast
9:00 Conference Co-Chair’s Opening Remarks
Gifford Global General Counsel and Secretary General Reinsurance
9:15 OFAC Keynote Interview: Compliance Requirements and Enforcement Expectations for the Insurance Industry
Claire Grunewald
Sanctions Compliance Officer, Office of Foreign Asset Controls U.S. Department of the Treasury
10:00 Inside the Top Top Sanctions Compliance Challenges and Successes: Insurers Share the Most Effective, Proven Strategies to Strengthen Programs in 2025
• Managing the differences between US vs EU vs UK sanctions –and how to reconcile and embed them into your program
• Use of sanctions clauses to protect your company: The newest best practices
• New threats in the Middle East for insurance companies
• Concrete examples of new, emerging issues and how they were addressed
• Testing the effectiveness of your program, and how to detect and remedy weaknesses
11:00 Networking Break
11:15 Keynote Interview: EU Commission
Sandra Calmes Vice President Senior Corporate Counsel & Global Financial Crimes Officer Liberty Mutual Group (WSN Member)
Scott Horton Associate General Counsel, General Head of Financial Crimes AIG
Kelvin Miller Senior Counsel Travelers Insurance
Kim Ramelow
AVP, Assistant General Counsel –Multinational The Hartford
Alina Nedea Head of Unit, Sanctions, DirectorateGeneral for Financial Stability, Financial Services and Capital Markets Union EU Commission
Financial Institutions:
• Understanding the banks’ evolving due diligence processes for insurance transactions
• How to ensure your transactions are processed-and what can cause delays and denials
• Due diligence requirements for third parties
• Tips to increase communication between banks and insurance companies
• Insights into the banks' risk tolerance and due diligence requirements
Michaela Arndt
Regional Head, CFCC, Europe & Americas Economic Sanctions Compliance & Group Head US Sanctions Standard Chartered Bank
Jennifer Downing
Managing Director, Senior Counsel, Group Dispute Resolution BNP Paribas (WSN Member)
12:45
Networking Lunch – Industry Roundtables
Select a table of your choice to discuss key topics and connect with your peers!
SANCTIONS SCREENING
Marci Feige
Sanctions Compliance Director
The Hartford
KYC DUE DILIGENCE
Kelvin Miller
Senior Counsel
Travelers Insurance
SANCTIONS CLAUSES
Richard McDermott
Global Sanctions Program Director
AmTrust Financial Services, Inc.
Wednesday, January 22, 2025
OIL/GAS COMPLEXITIES
Richard McDermott
Global Sanctions Program Director
AmTrust Financial Services, Inc.
RANSOMWARE PAYMENTS
Jesse Aedo
Former Group Head of Compliance
Aspen Insurance Group
2:00 Litigation: The Increased Sanctions Litigation Arising from Russia – and Specific Lessons for Insurers and Reinsurers
• How to handle civil litigation and claims arising out of sanctioned countries
• Aviation lease settlements with Russia over trapped planes
» Fraudulent letters of credit
» Lawsuits in Russia for nonpayment of claims.
» Increased activity in the UK and Ireland
2:45 The Latest in Artificial Intelligence for Insurance and Reinsurance: Utilizing Data to Identify Potential Sanctions Issues and Increase Efficiency
• How insurance companies are leveraging AI for sanctions risk detection
• Practical takeaways for data driven decision-making
• Using alternative detection models to identify red flags
• AI regulations and the impact on sanctions compliance and screening
3:30 Networking Break
Ryan Fayhee Partner Akin Gump Strauss Hauer & Feld LLP
Kate Harnet Of Counsel A & L Goodbody LLP (Ireland) Alexandra Gervase Head of Compliance Loadsure (WSN Member)
Sonia A. Patel Assistant General Counsel Clear Spring Life and Annuity Company
3:45 Maritime Industry: Monitoring Increased Dark Fleet and the Gray Fleet Used for Shipments to Russia, Iran and Venezuela
• How to identify potential sancitons evasion
• Unravelling a a complex ownership chain
• Using AIS monitoring to identity issues
• Increased use of China affiliated ships in the Red Sea –and the sanctions risks affecting insurers
Evanthia Coffee Senior Lawyer Gard
Michele Wiese Bockmann Editor/Analyst Lloyds List
Irina Nossova Senior Legal Counsel Global Ethics & Sanctions Compliance Bunge (WSN Member)
Wednesday, January 22, 2025
4:45 Networking Industry Roundtables
Select a table of your choice for smaller-group, industry-specific benchmarking and networking. Ensure that you are fully up-to-speed on the unique risks and best practice for different sectors of the insurance and reinsurance industries.
PROPERTY/CASUALTY
Marci Feige
Sanctions Compliance Director
The Hartford
REINSURANCE
Jim Slear Founder Slear Law
5:15 – 6:15 Networking Reception
MARITIME
Douglas Maag Senior Counsel
Clyde & Co.
LIFE INSURANCE
Sonia A. Patel
Assistant General Counsel
Clear Spring Life and Annuity Company
Global Sponsorship Opportunities
With conferences in the United States, Canada, Latin America and Europe, the C5 Group of Companies: American Conference Institute, Canadian Institute, and C5 Group, provides a diverse portfolio of conferences, events and roundtables devoted to providing business intelligence to senior decision makers responding to challenges around the world.
Don’t miss the opportunity to maximize participation or showcase your organization’s services and talent. For more information please contact us at: SponsorInfo@AmericanConference.com
The C5 Group, comprising American Conference Institute, the Canadian Institute and C5 in Europe, is a leading global events and business intelligence company.
For over 40 years, C5 Group has provided the opportunities that bring together business leaders, professionals and international experts from around the world to learn, meet, network and make the contacts that create the opportunities. Our conferences and related products connect the power of people with the power of information, a powerful combination for business growth and success.
Thursday, January 23, 2025
8:00 Women in Sanctions Networking Breakfast
8:55 Co-Chair’s Opening Remarks
9:00 Government Roundtable: How Agencies Work Together on Asset Seizures and Forfeitures
This panel will provide insight into the methods used to identify, investigate and succeed in asset recovery. The speakers will share details of recent successes and lessons learned for insurers and reinsurers.
In addition to critical updates, ask your questions and gain invaluable takeaways on the enforcement landscape.
George Ioannidis * Assistant Special Agent in Charge Homeland Security Investigations
Menno Goedman Co-Director, Task Force KleptoCapture U.S. Department of Justice
Michael Ohm Chief, Major Economic Crimes Bureau New York County District Attorney’s Office
10:00 Conflicts of Law in the Insurance Context: Unraveling Complex Sanctions Dilemmas When Sanctions Restrictions Differ Across Jurisdictions
• Addressing blocking (or anti-boycott) statutes in Canada and Europe as a reinsurer and/or U.S. parent company
• Implied limitations and inconsistencies involving OFAC’s apparently broad general license authorizing global travel and health coverage
• Limitations applicable to U.S. Persons or goods in the global effort to supply relief aid to Syria (and potentially Lebanon)
• Claims payment problems created by branches or subsidiaries of U.S. (re)insurance companies operating abroad: Exterritorial legal application and/or facilitation concerns
10:45 Networking Break
11:00 Special Considerations for Risk Assessments: How
• How insurance companies are upgrading risk assessments
• Using metrics to identify low, medium and high-risk categories/regions
• Working with the business units on potential new opportunities and risk factors
• When to include senior management in high-risk decisions
Jonathan Froome Global Head of Financial Crime Marsh McLennan (UK)
Jim Slear Founder Slear Law
Andrew Gifford Global General Counsel and Secretary General Reinsurance
Inna Tsimerman Chief International Trade Counsel Gallagher (WSN Member)
Jesse Aedo Former Group Head of Compliance Aspen Insurance Group
11:45 The Interplay of AML and Sanctions: How Insurance Companies Are Mitigating Increased Risks in Latin America and the Middle East
• Mitigating increased AML Risk in Latin America
• Iran, DPRK and Burma – and the growing convergence of ML and sanctions risk factors
• New designations in Venezuela
• Warning signs for sanctions evasion and money laundering in the Middle East
12:30 End of Conference
* Invited – Check the website for updated speaker faculty
Luis Duarte
Senior Sanctions Compliance Manager Generali
Richard McDermott
Global Sanctions Program Director AmTrust Financial Services, Inc.
ECONOMIC SANCTIONS GLOBAL SERIES
November 6 – 7, 2024 • London
March 5 – 6, 2025 • Toronto, ON
April 30 – May 1, 2025 • Washington, DC
December 4 – 5, 2024 • New York, NY
March 4 – 27, 2025 • Virtual Event
June 2025 • Berlin
Who You Will Meet:
In-house counsel and compliance professionals at insurance and reinsurance companies who are responsible for:
• AML Compliance
• Global Sanctions
Private practice attorneys specializing in:
• Insurance & Reinsurance
• AML
• Fraud Prevention
• Internal Audits
• Global Sanctions
• Compliance & Regulation
• Regulatory Matters
• Regulatory and enforcement officials
• Forensic accountants
Venue
New York Bar Association 42 West 44th Street, New York, NY 10036
ACCOMMODATIONS
American Conference Institute is pleased to offer our delegates a limited number of hotel rooms at a negotiated rate at the Sofitel Hotel. To take advantage of these rates, please contact the hotel directly and quote "ACI’s AML & OFAC Insurance".
Hotel: Sofitel New York
Address: 45 West 44th Street
Reservations: Anna Li, anna.li@sofitel.com or 212-782-3015
Online: To reserve online, CLICK HERE
Please note that the guest room block cut-off date is December 22, 2024. After that date OR when the room block fills, guestroom availability and rate can no longer be guaranteed.
Book with Confidence!
Register and pay to lock in your early rate and be eligible for a full refund until January 15th, 2025.
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.
All cancellations and changes must be submitted to CustomerService@AmericanConference.com by January 15th, 2025.
