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

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.

Sanctions continue to have a greater impact on international trade each day. Often, the focus is on financial sanctions and how banks must comply. In this session, we will discuss the impact of trade sanctions on businesses involved in the trade process and how best to tackle any operational challenges.

Topics will include:

• The impact of new sanctions on trade
• The operational consequences of a bank questioning a payment
• Insurance issues
• Best practices for cargo checks

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.

• Evasion of Trade Sanctions/Export Controls on Russia/Belarus
• How to Audit: Risk-Based Metrics to Evaluate Your Sanctions and Export Controls Program
• Technology: Dealing with False Positives, Recognizing Threats in Transactions for the Financial Sector
• China Challenges: Compliance Benchmarking and Best Practices
• Trade Compliance and Supply Chain Due Diligence
• UK Sanctions and Export Controls
• EU Sancties en Exportcontrole in Nederland (Nederlands)

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.

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.