18th Annual Flagship Conference on Economic Sanctions Enforcement and Compliance - DS

18th Annual Flagship Conference on

ECONOMIC SANCTIONS

ENFORCEMENT AND COMPLIANCE

April 29–30, 2024

• The National Press Club, Washington, DC

Benchmark with Senior Executives from:

• Abbott Labs

• ADNOC Group

• Applied Technology

• AWS

• Barclays

• BNP Paribas

• Citi

• Coca-Cola

• Coinbase

• Eli Lilly

• ESAB

• Interactive Brokers

• JPMorgan Chase

• Kraken

• HSBC

Distinguished Government Faculty:

Brad Smith Director, Office of Foreign Assets Control

U.S. Department of Treasury

Alina Nedea Head of Sanctions Unit, DG FISMA European Commission

Beth Davies Deputy Director, Office of Financial Sanctions

Implementation

HM Treasury

• Mastercard

• MUFG

• Quovo

• Robinhood

• Rolls-Royce

• SAP America

• SMBC

• Standard Chartered Bank

• State Street

• Stripe

• TD Bank

• Truist

• UBS

• Western Union

• World Kinect Corporation

Associate Sponsors Supporting Sponsors Exhibitor

•

With so many rapid changes and intensifying risks, don’t miss critically important discussions, including:

CHEVRON-RIGHT Circumvention and Evasion: The Latest Tips to Prevent Potential Diversion Schemes

CHEVRON-RIGHT Global Implications: Meeting the Increasing Hurdles of Complying with U.S., EU, UK and More International Sanctions

CHEVRON-RIGHT Russia: Unpacking the Ongoing Challenges for Allowable and Abandoned Business

CHEVRON-RIGHT China: Navigating the Regulatory Complexities of Sanctions and Export Controls

CHEVRON-RIGHT Heightened Compliance and Enforcement Expectations from BIS, OFSI and the EU Commission

CHEVRON-RIGHT The Middle East and Iran Sanctions: Anticipated Changes and Preparing for What’s to Come

April 30, 2024

5:30pm – 7:00pm

Women in Sanctions Networking Reception for WSN Members Only

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.

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

WOMEN IN SANC TIONS NETWORK

Join this exclusive cross-industry community for in-house legal and compliance professionals.

SPECIAL OFFER:

All In-House Attendees Receive a One Year Membership to WSN with Their Conference Registration

WomenSanctionsNetwork.com

May 1, 2024

•

Post Conference Workshops

A Putting the 5 Pillars of Sanctions Compliance into Practice: A Deep Dive into Satisfying OFAC Requirements and Expectations

B The Interplay of Economic Sanctions and Export Controls: Unraveling the Complexities of Compliance, Due Diligence and Monitoring

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/

Meet our Expert Speakers

SENIOR GOVERNMENT OFFICIALS

Brad Smith

Director, Office of Foreign Assets Control U.S. Department of Treasury

Alina Nedea

Head of Sanctions Unit, DG FISMA European Commission

Beth Davies

Deputy Director

Office of Financial Sanctions Implementation HM Treasury

Rachel Lyngaas

Chief Sanctions Economist U.S Department of the Treasury

Lawrence Scheinert

Associate Director, Compliance and Enforcement, Office of Foreign Assets Control U.S. Department of Treasury

CONFERENCE CO-CHAIRS

Natalie Furney

Senior Vice President and Deputy General Counsel – International and Regulatory Legal

Eli Lilly and Company

DISTINGUISHED SPEAKER FACULTY

Randi Adelstein

Executive Vice President, General Counsel, Regulatory Affairs

Mastercard

Yvo Amar Partner

BenninkAmar

Pamela Amusa

Associate General Counsel

Navy Federal Credit Union

Jessica Bartlett

Managing Director – Global Head of Financial

Crime Legal

Barclays

Dan Clutch

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

Aaron Forsberg

Director, Bureau of Economic and Business Affairs, Office for Sanctions Policy and Implementation U.S. Department of State

David Lim

Co-Director, Task Force KleptoCapture U.S Department of Justice

Brian Nelson

Under Secretary for Terrorism and Financial Intelligence

U.S. Department of the Treasury

Daleep Singh

Deputy National Security Advisory for International Economics The White House

Alexandre Manfull

Managing Director, Citi

Former Assistant Director, Sanctions Compliance

Office of Foreign Assets Control

Beth Beam

Global Head of Sanctions

Interactive Brokers (WSN Member)

Dorothy Bennett

Global Head of Sanctions

JPMorgan Chase & Co. (WSN Member)

Tom Best Partner

Paul Hastings LLP

Denise Bhoop

Senior Manager of Sanctions

Robinhood (WSN Member)

Cristina Brayton-Lewis Partner

White & Case LLP

Sara Thannhauser

Assistant Director, Policy Division

Office of Foreign Assets Control

U.S. Department of the Treasury

Bridget Van Buren

Chief of Sanctions Compliance Guidance and Outreach

U.S. Department of the Treasury

Sarah Haggarty

Sanctions Compliance Officer

Office of Foreign Assets Control

U.S. Department of the Treasury

Elizabeth Scott

Sanctions Compliance Officer

Office of Foreign Assets Control

U.S. Department of the Treasury

Les Carnegie Partner

Latham & Watkins LLP

Stephanie Brown Cripps Partner

Freshfields Bruckhaus Deringer

Anna Cavnar

Corporate Counsel

AWS Legal

Anna Chenoweth Head of Sanctions Advisory Coinbase

Darshak Dholakia Partner

Dechert LLP

Melissa Duffy Partner

Fenwick & West LLP

DISTINGUISHED SPEAKER FACULTY

Heather Epstein

Deputy Global Head Sanctions Compliance

UBS (WSN Member)

Mahmoud (Mac) Fadlallah Partner

Akin

Rachel Fiorill Partner

Morrison Foerster

Nancy Fischer Partner

Pillsbury Winthrop Shaw Pittman LLP

Daniel Flatley

National Security Reporter

Bloomberg News

Daniel Fried Fellow

Atlantic Council

Orisia Gammell

Chief Legal Counsel

Export Control US

SAP America (WSN Member)

Zachary Goldman Partner

Wilmer Hale

Roberto Gonzalez Partner

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Brian Grant Managing Director, Global Head of Financial Crimes Compliance Operations MUFG

Peter Harrell Non-Resident Fellow

Carnegie Endowment for International Peace

Former Senior Directo for International Economics and Competitiveness, The White House

Kathryn Jenne Senior Counsel, Anti-Corruption & Trade Counsel

Abbott Labs

Andrew Jensen Managing Director, Global Head of Sanctions TD Bank Group

Eric J. Kadel Jr. Partner

Sullivan & Cromwell LLP

Tasha Kelley Export Control Manager Rolls-Royce (WSN Member)

Satish Kini Partner

Debevoise & Plimpton LLP

Lexia Krown VP, Global Trade Compliance

ESAB

Nathanael Kurcab Of Counsel

Morrison Foerster LLP

Christine Lee

Global Head of Compliance Qorvo (WSN Member)

Max Lerner Managing Director, Global Head Sanctions Compliance and Anti-Bribery & Corruption State Street

Shari Leventhal Member

Sullivan & Cromwell LLP

David Lynch Global Head of Analytical Solutions

Sayari

Ian Mair

Senior Director of Government Relations

GeoComply

Sheila Malhotra

Senior Director Global Trade and Sanctions

The Coca-Cola Company

Jen Maki

Senior Director, Trade Legal & Compliance

Applied Technology (WSN Member)

Howard Mendelsohn

Chief Client Officer, Kharon

Former Acting Assistant Secretary/

Deputy Assistant Secretary

U.S. Department of the Treasury

Saleha Mohsin

Senior Washington Correspondent

Bloomberg News

Britt Mosman Partner

Willkie Farr & Gallagher LLP

Stevenson Munro Managing Director

Standard Chartered Bank

Cystal Noe

Global Head of Sanctions

Kraken Digital Asset Exchange

Dr. Carla Norrlof Professor of Political Science University of Toronto

Monica Peters

Global Head of Sanctions & Interdiction

Western Union

Jason Prince Partner

Akin Gump Strauss Hauer & Feld LLP

Former OFAC Chief Counsel

Nidhi Rao Managing Director BDO USA

Anthony Rapa Partner

Blank Rome

David J. Ribner Partner

O’Melveny & Meyers

Elizabeth Rosenberg

Managing Director, Global Financial Crimes Public Policy

Executive, Bank of America

Former Assistant Secretary for Terrorist Financing and Financial Crimes

U.S. Department of the Treasury

Eric Rudolph

Managing Director, Export Controls & Sanctions Leader for the Americas

FTI Consulting

Suzanne Ryning

Deputy Head of Financial Crimes Policy

Stripe (WSN Member)

Polina Samuel

SVP, Head of U.S. Sanctions Advisory

HSBC North American Holdings, Inc.

Neena Shenai Partner

Wilmer Hale

Angelique Shingler

Executive Director and Assistant General Counsel

SMBC

Aneeza Siddiqui

Vice President Group Ethics and Compliance ADNOC Group

Robert Slack Partner

Fenwick & West LLP

Shannon Stokes

Assistant General Counsel Legal & Compliance World Fuel Services

Samantha Sultoon

Senior Financial Crimes Director Truist

Daniel Tannebaum Partner

Oliver Wyman

Sean Thornton

Managing Director

Head of Legal Financial Security BNP Paribas

Main Conference Day One

Monday, April 29, 2024

7:45 Registration and Continental Breakfast

8:45 Co-Chairs’ Opening Remarks

Natalie Furney

Senior Vice President and Deputy

General Counsel – International and Regulatory Legal

Eli Lilly and Company

9:00 OFAC Keynote

Brad Smith

Alexandre Manfull

Managing Director, Citi

Former Assistant Director, Sanctions Compliance

Congratulations on an excellent conference. The caliber of the speakers was very high and all the topics for discussion were interesting. I also found the two pre-conference seminars really useful from a practical perspective. Delegate caliber was also high, which made for very valuable networking opportunities.

—Partner, MinterEllisonRuddWatts

Les Carnegie Partner

Latham & Watkins LLP

Office of Foreign Assets Control

Director, Office of Foreign Assets Control

U.S. Department of Treasury

9:30 OPENING STRATEGY EXCHANGE:

New Global Sanctions Takeaways to Ready Your Program for the Unknowns of the Next 6-12 Months

Join an interactive dialogue with seasoned sanctions experts as they share their views on managing current challenges, and their approach to mitigating risk and strengthening compliance amid an uncertain landscape of change.

Topics will include:

• The interplay of Chinese, Russian and Iranian threats-and the evolving regulatory landscape

• Insights on the Davidson windows

• Rethinking your approach to tackling the next wave of sanctions compliance challenges

• The aftermath of "Sanctions are the new FCPA.”

Sean Thornton Managing Director Head of Legal Financial Security BNP Paribas

Heather Epstein Deputy Global Head Sanctions Compliance UBS (WSN Member)

Robert Slack Partner Fenwick & West LLP

Neena Shenai Partner Wilmer Hale

10:15 Networking Break

10:45 EU Commission and OFSI Updates

Alina Nedea Head of Sanctions Unit, DG FISMA European Commission

Beth Davies

Deputy Director, Office of Financial Sanctions Implementation

HM Treasury

11:30 THE MIDDLE EAST:

Navigating the Emerging Compliance Challenges Amid Shifting Geopolitical and Regulatory Changes

• Novel confluence of unprecedented business opportunity with geopolitical conflicts in the Middle East.

• Influx of Russian wealth into the Middle East raising new sanctions concerns for an already complex region.

• Expansion of Iran-related sanctions risks beyond Iran’s borders.

• Preventing sanctions evasion and diversion: use of the Middle East as a transit point for Russia and Iran.

• Russian oil price cap and Red Sea shipping disruptions.

12:30 Networking Luncheon for Speakers and Attendees

Mahmoud (Mac) Fadlallah Partner

Akin

Sara Thannhauser Assistant Director, Policy Division, Office of Foreign Assets Control U.S. Department of the Treasury

Elizabeth Rosenberg Managing Director, Global Financial Crimes Public Policy Executive Bank of America Former Assistant Secretary for Terrorist Financing and Financial Crimes

U.S. Department of the Treasury

Aneeza Siddiqui Vice President Group Ethics and Compliance ADNOC Group

ACI’s Annual Flagship Conference on Economic Sanctions Enforcement and Compliance is the premier annual event in Washington, D.C. for sanctions practitioners (in-house and outside counsel) and government officials. The expert panel discussions, government speakers, audience engagement, and networking opportunities make for an unparalleled, cutting-edge event for anyone who operates in the rapidly evolving sanctions compliance and enforcement arena.

—Partner, Crowell & Moring

With conferences in the United States, Canada, Latin America and Europe, the C5 Group of Companies: American Conference Institute, the Canadian Institute, and C5 Communications, 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

Compliance Think Tanks

1:45 RUSSIA: Unpacking the Ongoing Challenges for Allowable and Abandoned Business

Brian Grant

Managing Director, Global Head of Financial Crimes Compliance Operations

MUFG

Max Lerner

Managing Director, Global Head Sanctions Compliance and Anti-Bribery & Corruption State Street

Andrew Jenson

Managing Director, Global Head of Sanctions TD Bank Group

Roberto Gonzalez Partner

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Interactive Benchmarking Groups

• How can companies with affiliates in Russia operate?

• Integrating global sanctions restrictions when executing Russian-related business

• New hurdles to obtaining a BIS license

• Factors to consider when exiting Russia

• Managing risk and supporting legal business with clients

• Conducting trades / receiving dividends / participating in corporate actions relating to Russian securities

2:30 Change Break

2:35 CHINA: Navigating the Complex Regulatory Web of Sanctions and Export Controls

Jen Maki Senior Director, Trade Legal & Compliance Applied Technology (WSN Member)

Darshak Dholakia Partner Dechert LLP

Nancy Fischer Partner

Pillsbury Winthrop Shaw Pittman LLP

OR OR

1:45 INTERACTIVE DIALOGUES: Navigating the Intersection of AML and Sanctions

Britt Mosman Partner

Willkie Farr & Gallagher LLP

Pamela Amusa

Associate General Counsel

Navy Federal Credit Union

• Joint AML/Sanctions guidance and enforcement actions

• How in-house compliance programs can leverage tools to accomplish both AML and sanctions objectives

• Corporate Transparency Act, data privacy, and other important considerations

2:35 SCREENING FOR OWNERSHIP AND CONTROLS AGAINST U.S., UK AND EU LISTS: Separating Fact from False Positives

Polina Samuel SVP, Head of U.S. Sanctions Advisory

HSBC North American Holdings, Inc.

David Lynch Global Head of Analytical Solutions Sayari

Stephanie Brown Cripps Partner

Freshfields Bruckhaus Deringer

Kathryn Jenne

Senior Counsel, Anti-Corruption & Trade Counsel

Abbott Labs

• Increased focus of BIS on export controls-and the impact on sanctions compliance efforts

• AI rules and monitoring for diversion

• Status of companies researching or moving to other countries in the region

• Implications of the Supplier Rule

• Test your knowledge with real world screening dilemmas.

• Reconciling different screening outcomes based on US, UK and EU lists.

• Implications of the definition of ownership and control for each jurisdiction

• Suggestions on how to resolve potential hits and false positives

•

Compliance Think Tanks

3:30 THE BIGGEST HURDLES TO HARMONIZING COMPLIANCE WITH U.S., EU, UK AND MORE INTERNATIONAL SANCTIONS: Case Studies on Resolving Expected and Unexpected Pain Points

Dorothy Bennett

Global Head of Sanctions

JPMorgan Chase & Co. (WSN Member)

Anna Cavnar Corporate Counsel

AWS Legal

Zachary Goldman Partner

Wilmer Hale

• Critical steps to evaluate a transaction in light of a web of different sanctions restrictions.

• Addressing conflicts of law

• Navigating the geopolitical dynamics affecting your operations, business and compliance program

• Tools to monitor and update your compliance program amid constant change.

• When and how to involve senior leadership

4:10 Change Break OR

4:15 GENERAL SESSION: Washington Update – Current Sanctions Priorities of The Biden Administration

Peter Harrell Non-Resident Fellow

Carnegie Endowment for International Peace

Former Senior Directo for International Economics and Competitiveness, The White House

Aaron Forsberg Director, Bureau of Economic and Business Affairs, Office for Sanctions Policy and Implementation

U.S. Department of State

Melissa Duffy Partner Fenwick & West LLP

During this session, benefit from key updates on the priorities and direction of the Biden Administration amid a convergence of geopolitical and national security risks.

5:00 Change Break

5:05 Keynote

5:15 Networking Reception

6:15 End of Day One Main

Interactive Benchmarking Groups

• Will sanctions litigation become the new normal? OR

3:30 MANAGING OFAC AND DOJ SUBPOENAS, RFIS, PRIVILEGE AND VOLUNTARY DISCLOSURES: Strategic and Practical Considerations

Stevenson Munro Managing Director Standard Chartered Bank

Satish Kini Partner Debevoise & Plimpton LLP

Nathanael Kurcab Of Counsel

Morrison & Foerster LLP

• What to do first upon receiving a subpoena-and missteps to avoid

• Privilege considerations when charting your next steps.

• Highlighting mitigating factors in disclosures

• Increasing the probability of a “no action” letter: Concrete examples of hits and misses

4:15 LEGAL DELIBERATION: Dissecting Increasing Sanctions Litigation Risks, Theories and Their Aftermath

Anthony Rapa Partner

Blank Rome

Eric Rudolph Managing Director, Export Controls & Sanctions Leader for the Americas

FTI Consulting

• Potential erosion of Chevron deference

• Implications of the UK’s first Russian sanctions delisting case

• Increased interest in actively pursuing SDN delisting.

Brian Nelson

Under Secretary for Terrorism and Financial Intelligence

U.S Department of the Treasury

Main Conference Day Two

Tuesday, April 30, 2024

8:55 Co-Chairs’ Opening Remarks

9:00 Keynote

Overall I had a great experience, getting to speak with other professionals in the same industry. It was good to hear certain challenges echoed by colleagues from other institutions. In general, the conference provided good insight into current as well as future sanctions challenges.

—Sanctions Compliance, Danske Bank

Rachel Lyngaas

Chief Sanctions Economist

U.S Department of the Treasury

9:30 ENFORCEMENT, ASSET SEIZURES AND PENALTIES: Cross-Agency Priorities, Coordination and Trends

Participate in a lively discussion about the 2024 enforcement landscape and the current focus on cross-agency investigations, priority on voluntary disclosures and learn about recent high profile asset seizures.

Lawrence Scheinert

Associate Director, Compliance and Enforcement, Office of Foreign Assets Control

U.S. Department of Treasury

10:30 Networking Break

Dan Clutch

Deputy Director for the Office of Export Enforcement, Bureau of Industry and Security

U.S. Department of Commerce

Eric J. Kadel Jr. Partner

Sullivan & Cromwell LLP

David Lim Co-Director, Task Force KleptoCapture

U.S Department of Justice

10:45 MITIGATING THE RISK OF DIVERSION AND EVASION: Upgrading Your Risk Detection and Assessment Methodology for Customer and Supply Chain Due Diligence

• How regulators are approaching diversion and evasion risks

• Use of designations to target procurement networks.

• New advisory on maritime and transportation quint seal

• Impact of increased export control regulations

Shannon Stokes Assistant General Counsel

Legal & Compliance

World Fuel Services

Cristina Brayton-Lewis Partner

White & Case LLP

Howard Mendelsohn

Chief Client Officer, Kharon

Former Acting Assistant Secretary/Deputy Assistant Secretary, U.S. Department of the Treasury

MODERATOR: Sheila Malhotra

Senior Director Global Trade and Sanctions

The Coca-Cola Company

•

11:45 CHINA: Legislative Updates Amid Growing Geopolitical, National Security and Third-Party Risk

• Current state of US/China relationship

• Ongoing national security considerations

• Impact of CMMC rules on US companies

• Key updates on House initiatives, bills and priorities

12:30 Networking Luncheon for Speakers and Attendees

Daniel Flatley National Security Reporter

Bloomberg News

Daniel Tannebaum Partner

Oliver Wyman

MODERATOR:

Samantha Sultoon Senior Financial Crimes Director Truist

1:45 THE FUTURE OF THE US DOLLAR: How a Weaponized Currency and External Threats Are Shifting the World Order and Global Business

• Are we nearing a tipping point in a broad bid to de-dollarize?

• Possible overuse of sanctions risks making the dollar less influential as China’s economy grows.

• What does the prospect of a less influential dollar mean for the current world order and geopolitics?

• How will the US need to adjust its foreign policy objectives in the coming years?

• Will US sanctions lose their potency?

2:30 Change Break

Compliance Think Tanks

2:35 OFAC’S EXPECTATIONS for IP Blocking and Geofencing

Suzanne Ryning

Deputy Head of Financial Crimes Policy

Stripe (WSN Member)

Jason Prince Partner, Crowell & Morning LLP

Former OFAC Chief Counsel

Beth Beam

Global Head of Sanctions Interactive Brokers (WSN Member)

Ian Mair

Senior Director of Government Relations

GeoComply

• Lessons learned from recent enforcement actions

• Understanding the vendor landscape

• How to select the right tech solutions for your organization

• Integrating solutions into your existing compliance and monitoring framework

3:15 Change Break

OR

Daniel Fried Fellow

Atlantic Council

Daleep Singh Deputy National Security Advisory for International Economics

The White House

Dr. Carla Norrlof Professor of Political Science University of Toronto

Saleha Mohsin

Senior Washington Correspondent

Bloomberg News

Interactive Dialogues

2:35 CRYPTO AND DIGITAL ASSETS: Cross-Industry Lessons Learned from Recent, Big-Ticket Penalties

Anna Chenoweth Head of Sanctions Advisory Coinbase

Shari Leventhal Member

Sullivan & Cromwell LLP

Rachel Fiorill Partner

Morrison Foerster LLP

• Unpacking the diversion schemes and penalty trends amid regulatory uncertainty

• Compliance weaknesses identified from Binance, Coinlist, Kraken and Bittrex

• Warning signs to identify if crypto is being used to launder money and evade sanctions

• Lessons learned from recent enforcement actions

• Predictions for the future of crypto regulation

Compliance Think Tanks

3:20 ASSESSING YOUR WHISTLEBLOWER COMPLAINT AND CRISIS READINESS: Your Updated Blueprint to Handling Investigations, Interviews and Disclosures

Orisia Gammell

Chief Legal Counsel Export Control US SAP America (WSN Member)

• Obtaining and documenting the facts

• Key strategies for the investigation

• How and when to engage with outside counsel

Nidhi Rao Managing Director BDO USA

Tom Best Partner

Paul Hastings LLP

• Voluntary disclosure considerations

• How to remediate

OR

Interactive Dialogues

3:20 Key Differences Between EU and US Sanctions

Randi Adelstein

Executive Vice President, General Counsel, Regulatory Affairs Mastercard

Yvo Amar Partner BenninkAmar

• Differences from the 13th EU Sanctions Packages

• How to address in your contract clauses

• The use of total or partial embargos

• Russian government officials, Russian persons and state-owned enterprises

4:15 Change Break OR

4:20 COMPLIANCE RECRUITING AND RETENTION: How to Find and Keep High Performing Sanctions Compliance Professionals

Monica Peters

Global Head of Sanctions & Interdiction

Western Union

Natalie Furney

Cystal Noe

Global Head of Sanctions

Kraken Digital Asset Exchange

Senior Vice President and Deputy General Counsel – International and Regulatory Legal

Eli Lilly and Company

• Working with recruiters

• Recruiting from government vs. private sectors

• Outsourcing vs. increasing head count

• Expanding your network

5:00 End of Conference

5:30 – 7:00

4:20 BLOCKED PROPERTY REPORTING AND MORE NEXT STEPS: Short- and Long-Term Considerations

Angelique Shingler

Executive Director and Assistant General Counsel SMBC

Jessica Bartlett

Managing Director – Global Head of Financial Crime Legal Barclays

• Specific requirements for your blocked property reports

• What happens to the title of the property?

• Understanding the implications of blocked property for an extended period of time

Post-Conference Workshops – Wednesday, May 1, 2024

A9:00 a.m. – 12:30 p.m. (Registration opens at 8:30 a.m.)

PUTTING THE 5 PILLARS OF SANCTIONS COMPLIANCE INTO PRACTICE:

A Deep Dive into Satisfying OFAC Requirements and Expectations

Join a high-level interactive conversation on the intricacies of maintaining a highly effective sanctions compliance program. During this session, we will discuss the 5 pillars of compliance and compliance best practices for each:

RISK ASSESSMENT

• Key components of risk assessments

• Different rankings used

• How to mitigate high risk transactions

TESTING AND AUDITING

• How do you audit your sanctions compliance program?

• What is the involvement of your internal audit team?

• Key components of a strong audit program

TRAINING

• Traditional and innovative approaches to training

• Effective tools, including in-person training, and computer-based training

• Determining the frequency of training (and re-training)

• Documenting training efforts

B

INTERNAL CONTROLS

• Recordkeeping best practices

• How do you align new restrictions with internal controls?

• How do you rectify a weakness in controls?

SENIOR MANAGEMENT COMMITMENT

• Elements of a strong culture of compliance

• Techniques to demonstrate strong sanctions compliance awareness

• Challenges of engaging the entire organization

1:30 p.m. – 5:00 p.m. (Registration opens at 1:00 p.m.)

THE INTERPLAY OF ECONOMIC SANCTIONS AND EXPORT CONTROLS:

Unraveling the Complexities of Compliance, Due Diligence and Monitoring

Participate in this timely in-depth session on the increasingly complex export control landscape and how to dovetail evolving controls with your sanctions compliance program. Our expert faculty will walk you through the new risks and challenges-and how to tackle them:

• Biden’s approach to Export Controls as a national security tool

• Expanded China Semiconductor export control rules

• Status of Russia export controls and considerations related to divestments

• Proposed rules on cloud infrastructure provided and concerns about artificial intelligence.

• Lessons learned from joint sanctions/export controls enforcement related activities.

• De Minimis Rules and Foreign Direct Product Rule

• Export Controls issues on Russian divestments

• Due diligence best practices and mitigation diversion risks

• Differences with the UK and EU regulations

Bridget Van Buren

Sanctions Compliance Officer

Office of Foreign Assets Control

U.S. Department of the Treasury

Tasha Kelley

Export Control Manager

Rolls-Royce (WSN Member)

Denise Bhoop

Senior Manager of Sanctions

Robinhood (WSN Member)

Sarah Haggarty

Sanctions Compliance Officer

Office of Foreign Assets Control

U.S. Department of the Treasury

Elizabeth Scott

Sanctions Compliance Officer

Office of Foreign Assets Control

U.S. Department of the Treasury

Christine Lee

Global Head of Compliance

Qorvo (WSN Member)

Lexia Krown

VP, Global Trade Compliance

ESAB

David J. Ribner Partner

O’Melveny & Meyers

Economic Sanctions Conference Calendar

C5 celebrates 40 years of excellence! We are thrilled to have provided exceptional conference experiences globally with our outstanding team, speakers, sponsors, partners, and attendees. To mark this milestone, we're launching a new logo which represents our commitment to innovation, growth, and excellence, represented by the five Cs of C5: Current, Connected, Customer-Centric, Conscientious, and Committed.

Looking back on 40 years, we are grateful for our achievements—hosting global conferences, uniting industry leaders, and supporting business growth. However, we are not done yet! We are committed to pushing boundaries and creating impactful experiences and we're excited for the next 40 years of success.

Accommodations

JW Marriott

1331 Pennsylvania Avenue NW, Washington, DC 20004

Reservations: 800-393-2503

American Conference Institute is pleased to offer our delegates a limited number of hotel rooms at a negotiated rate.

To take advantage of these rates, please contact the hotel directly and quote “ACI DC Sanction.”

Please note that the guest room block cut-off date is April 5, 2024. After that date OR when the room block fills, guestroom availability and rate can no longer be guaranteed.

Book Now

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Register and pay to lock in your early rate and be eligible for a full refund until April 15th.

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@CanadianInstitute.com by April 15th.

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