UPDATE: Congress Passes Sweeping Iran, Russia, and North Korea Sanctions Legislation

By Alexis Early*
July 27, 2017

On July 27, the Senate passed 98-2 the Countering America’s Adversaries Through Sanctions Act (HR 3364), which previously passed the House 419-3 on July 25, setting up a showdown with President Trump. This bill is an omnibus of three separate sanctions measures: the Countering Iran’s Destabilizing Activities Act (“CIDAA”), the Countering Russian Influence in Europe and Eurasia Act (“CRIEEA”), and the North Korean Interdiction and Modernization of Sanctions Act (“NKIMSA”).

(more…)

Indictment of Lebanese Businessman, Tajideen, Points to Bold Methods of Sanctions Enforcement by DoJ and May Trigger Compliance Headaches for Banks

July 14, 2017
By Anna Sayre, Legal Content Writer, SanctionsAlert.com

On March 24, 2017, Kassim Tajideen, an international financier and businessman operating a network of businesses in Lebanon and Africa, was charged by the U.S. Department of Justice (DoJ) with evading sanctions by purposefully concealing his association with certain companies, the profits of which were used in part to support the Shiite militant movement Hezbollah. This terrorist group was also designated by the U.S. Department of State as a Foreign Terrorist Organization in 1997. Tajideen, who was extradited from Morocco to the U.S., pleaded not guilty to all 11 counts. (more…)

Essentials: Seven Vital Things Every Exporter (and its Bank) Needs To Know About Sanctions and Export Controls

Upcoming Webinar

Date:  Thursday, September 07, 2017

Time:  12:00 PM – 01:15 PM EST

Register Online ($195)

Export controls and trade sanctions seem to keep changing.  Yet some of the fundamentals remain the same.  This live webinar from the popular SanctionsAlert.com Essentials Series will cover the seven vital things every exporter needs to know about sanctions and export controls.

It will also address what your banks are (or should be) considering when they decide whether to accept (or block) payment for an export transaction or agree to finance an export transaction.

Questions this webinar will address:

  • What do you need to know when you are engaging in an export?
  • What does a bank look for when deciding whether to accept (or block) the payment?
  • What does a bank consider before agreeing to finance an export transaction?
  • Have there been changes regarding export documentation requirements that may affect my transactions?
  • Does my company need to screen against US lists when exporting from another location?
  • Which trade controls apply to my transaction?
OFAC

Duration: 

75 minutes

Speaker:

Susan Kovarovics

Sign up today!

 Great knowledge, great instructors, great value

Tell your friends, clients, customers and colleagues to sign up.

Certificate of Attendance

If you participate in the live webinar, you will receive a Certificate of Attendance, which you can use to show you meet your government-required training duties.

Susan Kovarovics
Partner: Bryan Cave

Susan Kovarovics is co-leader of the International Trade Client Service Group. She has more than 20 years of experience providing practical solutions to legal and compliance issues. Susan counsels U.S. and non-U.S. private and publicly held companies in a variety of industries, including aerospace, agribusiness, consumer electronics, defense, healthcare, higher education, manufacturing and national security.

Her practice has a specific focus on matters involving the International Traffic in Arms Regulations (ITAR), the Export Administration Regulations (EAR), sanctions administered by the Office of Foreign Assets Control (OFAC), U.S. anti-boycott laws, and the Foreign Corrupt Practices Act (FCPA). Susan leverages this specialized experience to play a vital role in M&A transactions, helping her clients conduct due diligence and evaluate risk related to export and sanctions compliance, anti-boycott, and anti-corruption matters.

In accordance with the International Compliance Association (ICA) protocols, ICA awards CPD points to SanctionsAlert.com webinars on the basis of the learning hour. For a webinar of 75 minutes, this means 1.25 CPD points.

Moderator:

Anna Sayre, Legal Content Writer, SanctionsAlert.com

This Live Webinar is Included in the SanctionsAlert.com Membership. SanctionsAlert.com Members will receive an email with log in details one day before the Webinar. These are also posted on the SanctionsAlert.com Platform. After the Live Webinar, SanctionsAlert.com Members can also view this webinar on-demand on our Platform.

Attendee Testimonials

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Bank of America

“Great knowledge from the presenters and the content was relevant”
— José R. Fernandez, Bank of America – Charlotte, NC, USA

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Wells Fargo

“Great coverage of information”
— Cathy Swindell-Smith, Wells Fargo – Charlotte, NC, USA

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Axa Equitable Life Insurance Company

“It was very informative. The speakers were clear and the information was disseminated in a clear, concise manner.”
— Nicolette Douglas, Axa Equitable Life Insurance Company – New York, NY, USA

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RBC

“The content was excellent and easy to understand. The presenters did a great job!”
— Susan Wilson, RBC – Toronto, Canada

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Comerico Bank

“Both speakers were exceptionally knowledgeable and provided practical information regarding the sanctions changes”
— Adam Hermes, Comerico Bank – Livonia, USA

Susan Kovarovics

Susan Kovarovics
Partner: Bryan Cave

Susan Kovarovicsis co-leader of the International Trade Client Service Group. She has more than 20 years of experience providing practical solutions to legal and compliance issues. Susan counsels U.S. and non-U.S. private and publicly held companies in a variety of industries, including aerospace, agribusiness, consumer electronics, defense, healthcare, higher education, manufacturing and national security.

Her practice has a specific focus on matters involving the International Traffic in Arms Regulations (ITAR), the Export Administration Regulations (EAR), sanctions administered by the Office of Foreign Assets Control (OFAC), U.S. anti-boycott laws, and the Foreign Corrupt Practices Act (FCPA). Susan leverages this specialized experience to play a vital role in M&A transactions, helping her clients conduct due diligence and evaluate risk related to export and sanctions compliance, anti-boycott, and anti-corruption matters.

Michael Bowes

Michael Bowes
Expert in civil and criminal “cross-over” work
Deputy High Court Judge
Head of Outer Temple Chambers

Michael Bowes QC is highly regarded as an expert in civil and criminal “cross-over” work. He is praised as “one of the few specialist criminal practitioners in this area” (Legal 500 2015). Michael is a Deputy High Court Judge (Queen’s Bench Division) and is a joint head of Outer Temple Chambers.

Michael specialises in business crime, civil fraud, financial services and economic sanctions. He regularly advises companies and individuals on complex commercial transactions in respect of US and EU sanctions. He acts for corporate clients and senior managers in global investigations and for the SFO, FCA, CMA and Lloyd’s of London. He is instructed in several current major financial cases, both civil and criminal and in several substantial cross-border corruption investigations.

Michael acts for overseas regulators and is instructed in overseas cases as an expert in English law. He successfully prosecuted the FCA’s first insider dealing case and has prosecuted numerous insider-dealing cases subsequently. He is instructed as an expert witness in FCA procedure. He is listed as a leading silk in the fields of Financial Services, Financial Crime (Corporates) and Financial Crime (London) in Chambers & Partners and in Banking & Finance, Business and Regulatory Crime and Fraud in the Legal 500.

He is registered in the Dubai International Finance Centre (DIFC) Courts. He is a trustee of Transparency International UK and a member of the New York State Bar Association.