Sanctions Compliance for the Future – Navigate in Sustainable Crisis Mode

Agenda

Thursday, May 11, 2023

Main Conference Day 1

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8:00 AM – 9:00 AM ET

Registration and Welcome Coffee & Breakfast
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9:00 AM – 9:15 AM ET

Welcome remarks
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9:15 AM – 9:45 AM ET

Keynote Address -

Note: Chatham House Rules apply

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9:45 AM – 10:00 AM ET

Networking Break in Exhibit Area

Sponsored by

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10:00 AM – 11:00 AM ET

GENERAL SESSION: From Russia With Love: What the Experts Say about Russia-Related Sanctions and Counter Measures

The speed and veracity of the Russia sanctions packages implemented in 2022 was something completely unprecedented in the sanctions space. Many of us are still trying to compile and understand all of these new requirements. This session will include:

  • Critical, timely briefing on the evolving landscape of Russia sanctions-and their practical aftermath.
  • Key insights into new, anticipated developments in sanctions against Russia, and counter measures taken by Russia.
  • Lesser-known considerations affecting global sanctions compliance programs – and the path forward for industry worldwide.
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11:00 AM – 11:15 AM ET

Networking Break in Exhibit Area
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11:15 AM – 12:00 PM ET

GENERAL SESSION: Navigating the Future Landscape of the EU Blocking Statute

The EU Blocking Statute prohibits EU persons from complying, directly or indirectly, with certain US sanctions, leaving EU companies caught between two opposing regimes. This session will cover:

  • The latest case law in relation to the EU Blocking statute coming out of the UK and EU.
  • Practical tips for global companies on how to deal with the issues arising from the Blocking Statute in a compliance environment.
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12:00 PM – 1:00 PM ET

Networking Luncheon
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1:00 PM - 2:30 PM ET

ROUNDTABLES
Back by popular demand – the ACSS Conference break out Round Tables! Ask practical questions and problem solve with your peers. Attendees will have a choice of moderated roundtable topics where they can engage in detailed discussions and benefit from a more topic-specific networking opportunity. There are two back-to-back sessions of 40 minutes each. After session one, attendees can go to the next topic of their choice. These roundtables will take place both on day one on day two—giving attendees the option to choose four different topics.

  • A – Evasion of Trade Sanctions/Export Controls on Russia/Belarus
  • B – How to Audit: Risk-Based Metrics to Evaluate Your Sanctions and Export Controls Program
  • C – Technology: Dealing with False Positives, Recognizing Threats in Transactions
  • D – China Challenges: Compliance Benchmarking and Best Practices
  • E – Trade Compliance and Supply Chain Due Diligence for Corporates
  • F – UK Sanctions and Export Controls
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2:30 PM - 2:40 PM ET

Time to move to Next Session
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2:40 PM - 3:30 PM ET

GENERAL SESSION: Getting up to Speed on Sanctions Screening and PayMod

This session will cover best practices, information and practical examples to help sanctions compliance officers, payment system operators and other participants map out their preferred strategy to sanctions screening in a new world of payment system modernization. Topics include how to do live screening while using the new ISO20022 data standards and a focus on real time: how to pick up the pace even more?

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3:30 PM - 3:45 PM ET

Networking Break in Exhibit Area
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3:45 PM - 4:45 PM ET

GENERAL SESSION: Coming Clean: Why Internal Investigations and Voluntary Self-disclosure Save Time, Money, and Your Career

So…you found a sanctions issue in your business and want to come clean? Enforcement agencies generally give maximum mitigation credit for timely, voluntary, and full self-disclosure. But how do you conduct your internal investigation so that you don’t jeopordize your chances of mitigation? This session will cover:

  • How to structure an internal investigation for sanctions violations.
  • How to reconcile the often conflicting requirements of making voluntary self-disclosures (VSDs) to multiple agencies.
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4:45 PM - 5:15 PM ET

GENERAL SESSION: Sanctions and Export Controls Trivia Game

Participate in this Live Game to test your working knowledge of sanctions and export controls. This session will test your real-world knowledge in relation to sanctions regulations, common terminology, as well as key lessons learned from enforcement cases in a fun and interactive format.

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5:15 PM - 5:30 PM ET

Closing Remarks Day 1
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5:30 PM - 6:30 PM ET

Networking Reception

Friday May 12, 2023

Main Conference Day 2

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8:00 AM - 9:00 AM ET

Registration and Welcome Coffee - light breakfast
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9:00 AM - 9:15 AM ET

OPENING REMARKS
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9:15 AM - 10:15 AM ET

GENERAL SESSION: Regulation Station: New Developments in Policy and Enforcement and Steps Taken Towards Global Cooperation

Join us as expert speakers from US/EU/UK government agencies share their perspectives of evolving sanctions poiicy, new enforcement developments, and assist us in preparing to navigate the sanctions compliance landscape in 2023 and beyond.

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10:15 AM - 10:30 AM ET

Networking Break in Exhibit Area
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10:30 AM - 11:00 AM ET

GENERAL SESSION: Risky Business: China and Dual-Use Technology

Doing business with China today calls for companies to pay keen attention to both Chinese and US trade policy, import and export controls and constantly changing regulations. There are also increased expections from regulators for financial institutions to evaluate their customers’ trade in dual-use goods and other controlled items. What are the practical compliance implication of these developments? In this session, the panel discusses what businesses and FIs that do business with China can do to implement dual-use goods related due diligence procedures to remain in compliance.

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11:00 AM - 11:15 AM ET

Networking Break in Exhibit Area
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11:15 AM - 12:00 PM ET

GENERAL SESSION: How the Bad Guys Do It: Update from Taskforces Tackling Oligarch's Money

In the light of Russia’s ongoing military aggression against Ukraine, several “Freeze and Seize” Task Forces have been launched, including the KleptoCapture Taskforce, the REPO (Russian Elites, Proxies and Oligarchs) Taskforce. The goal is to ensure the efficient implementation of the US and EU sanctions against listed Russian and Belarusian oligarchs. This session will discuss:

  • What evasion typologies have been detected by the Taskforces to date.
  • How the Taskforces cooperate with each other
  • In what way the private sector can assist this important work.
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12:00 PM – 1:00 PM ET

Networking Luncheon
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1:00 PM - 2:30 PM ET

ROUNDTABLES
Back by popular demand – the ACSS Conference break out Round Tables! Ask practical questions and problem solve with your peers. Attendees will have a choice of moderated roundtable topics where they can engage in detailed discussions and benefit from a more topic-specific networking opportunity. There are two back-to-back sessions of 40 minutes each. After session one, attendees can go to the next topic of their choice. These roundtables will take place both on day one on day two—giving attendees the option to choose four different topics.

  • A – Evasion of Trade Sanctions/Export Controls on Russia/Belarus
  • B – How to Audit: Risk-Based Metrics to Evaluate Your Sanctions and Export Controls Program
  • C – Technology: Dealing with False Positives, Recognizing Threats in Transactions
  • D – China Challenges: Compliance Benchmarking and Best Practices
  • E – Trade Compliance and Supply Chain Due Diligence for Corporates
  • F – UK Sanctions and Export Controls
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2:30 PM - 2:40 PM ET

Time to move to Next Session
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2:40 PM - 3:30 PM ET

GENERAL SESSION: Seven Deadly (Sanctions) Sins: The Definitive Review of Recent Enforcement Actions - and Key Lessons Learned

In this session, speakers provide an overview of common compliance issues from recent enforcement actions. Using the so-called seven deadly (sanctions) sins as a framework, what can we learn from these enforcement actions? Know the 7 pitfalls: it may well be the difference between a simple bump in the road or falling headfirst into regulatory quicksand when the government comes knocking.

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3:30 PM - 3:45 PM ET

Networking Break in Exhibit Area
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3:45 PM - 4:30 PM ET

GENERAL SESSION: The New Age of Digital Currency: A Practical Guide to Detecting Stealth in the Crypto Currency Sector

In October 2022, the European Commission boosted restrictions on providing financial services to Russians. The boosted package does away with the previous 10,000 euro threshold, and now covers all accounts where Russian citizen keep crypto assets, regardless of size. This session will address:

  • In what ways the Russian government, as well as sanctioned corporate entities and individuals, could still use cryptocurrencies to circumvent sanctions.
  • What compliance steps crypto exchangers can take to stay ahead of illicit activity.
  • What traditional financial institutions can do to identify and intercept cryptocurrency transactions that may be attempting to avoid sanctions.
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4:30 PM - 4:45 PM ET

Closing Remarks Conference