Elements of an Effective Export Compliance Program for Engineering, Manufacturing and Other Corporates (and their Banks)


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On Demand Webinar

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Overview:

What are the main elements of an effective export compliance program for the corporate sector? Though many compliance professionals are well versed in Treasury’s OFAC rules that govern sanctions, less are familiar with those of the Department of Commerce’s Bureau of Industry and Security (BIS), which governs exports.

In this SanctionsAlert.com Webinar, our experts from BIS will discuss the fundamentals of export compliance and provide practical tips and strategies to help you prepare the highest quality export compliance program that will satisfy auditors, business partners and your banks. Topics will include:

  • An overview of the main U.S. laws and regulations relating to exports and their jurisdictional reach;
  • What recent regulation changes have occurred that impact the defense industrial base;
  • When to apply the Export Administration Regulations (EAR) to internal compliance programs;
  • How export and sanction regulations interact and fit into overall organizational compliance; and
  • The dos and don’ts of a successful export compliance program
Iran

Date Aired: 
April 13, 2018

Duration: 

75 minutes

Speakers

Todd Willis
Kenneth Soo

EU and UK Sanctions Update: Compliance Implications for Corporations in Europe and Beyond


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On Demand Webinar

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Overview:

For corporates doing business internationally, it is vital to realize that even if a business complies with the high standards set by U.S. sanctions, it does not automatically mean the same business will comply with E.U. sanctions.

Is your sanctions/export controls program prepared for these nuances and discrepancies?

Many countries, such as: Egypt, Tunisia, Azerbaijan and Armenia, are targeted by E.U. sanctions but not by U.S. sanctions. Similarly, there can be individuals that are targeted by E.U.“designated parties” regimes, but are not simultaneously listed as U.S.Specially Designated Nationals (SDNs). Furthermore the E.U.controls software and technology in connection with certain markets that the U.S.does not.In fact, recently, the E.U. has adopted more custom-built measures, which target specific sanctioned ‘sweet spots’ within a country, e.g. the energy sector in Iran and Syria, or the banking/ energy/defense sectors in Russia.

As a sanctions/export controls officer, you can no longer rely on a common set of global rules and need to know the details of targeted or custom-made measures in order to avoid hefty penalties.

In this SanctionsAlert.com webinar, our expert panel will cover current trends and compliance challenges related to E.U. and U.K. sanctions, and provide practical tips for compliance. Experts will also cover emerging trends and what may be on the horizon, including:

  • How to deal with divergence issues: U.S. v.s. E.U.;
  • Varying enforcement trends among E.U. member states and what to expect from the role of U.K.’s new Office of Financial Sanctions Implementation (OFSI);
  • What may be on the horizon with respect to Brexit and what can a business do now to prepare for post-Brexit licensing and other sanctions issues;
  • Understanding Iran and the JCPOAunder E.U. sanctions;
  • Whether there be a softening of E.U. sanctions against Russia or a continuing of the status quo;
  • Whether there will be a progressive tightening of sanctions against North Korea;
  • Whether the new E.U. sanctions against Venezuela will remain limited or expand in scope to become more like U.S. sanctions;
  • The role of banks and use of EU vs. US or other currency;
  • Use of contractual techniques such as governing law, special export controls/sanctions clauses;
  • In- house sanctions compliance measures, such as policy, training and due diligence and third party risk management;
  • The practical compliance and risk management issues that corporates are facing and best practices that you can adopt to stay in compliance;
Iran

Date Aired: 

March 22, 2018

Duration: 

75 minutes

Speakers

Nadiya Nychay
Oliver Powell
Jan J.H. Verloop

Webinar Recorded Video

Iran

Date Aired: 

January 11, 2017

Duration: 

75  minutes

Speakers

John S. Karansky
Timothy R. White

Sanctions Essentials: Connecting the Dots Between Sanctions and AML


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On Demand Webinar

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Overview:

The overlap between Anti-Money Laundering (AML) and sanctions has always been undeniable. In the last 10 years, however, sanctions have emerged as a unique and separate area of compliance carrying heavy civil as well as criminal penalties for failure to comply.

Today, no compliance program is complete without taking AML and sanctions rules into consideration, and ensuring that you and your team fully understands the important convergence between these two regulatory hurdles.

This webinar will provide a practical approach to the similarities and differences between AML and Sanctions rules, as well as what a company can do to stay fully compliant with both compliance models.

Join this live SanctionsAlert.com course and learn:

  • BSA/AML Examination Manual and its role in OFAC compliance program examinations
  • What goes in a blocking/reject report vs. what goes in a suspicious activity report
  • The overlap of sanctions and AML controls concerning activity by designated terrorist groups, militias, and other organizations
  • How to ensure your sanctions and AML teams communicate appropriately with each other (and avoid common misunderstandings)
  • NYDFS Part 504 and how AML concepts are increasingly being applied to sanctions compliance
  • Tools at the disposal of FinCEN, including Section 311 of the USA Patriot Act, which contains a “Trade Sanctions” provision in section 221 of Title II “Enhanced Surveillance Procedures”
  • The intersection between FinCEN’s CDD rule and OFAC’s 50% rule
  • How Section 206 of the International Emergency Economic Powers Act (Title 50, US Code Sec. 1705) is among the 200 “Specified unlawful activities” (SUAs) that can serve as a predicate to a U.S. AML prosecution by DOJ
Iran

Date Aired: 

February 22. 2018

Duration: 

75 minutes

Speakers

Carlton Greene
Tyler Hand