Wake Up To Sanctions

SanctionsAlert.com Sanctions Round Up
December 28, 2017

UK Parliament Publishes Report on Potential Compliance Impact of ‘Post-Brexit’ Sanctions

On December 17, the UK Parliament’s European Union External Affairs Sub-Committee published a report on British sanctions policy, including the likely legislative framework for sanctions in a post-Brexit Britain. Deeply buried inside the 50-page report is a section with useful information for sanctions compliance professionals who may wonder to what extent businesses operating in the UK will be affected by any Brexit-inspired changes. (more…)

Kees Lakerveld

Kees Lakerveld
International payments specialist and co-founder
2FX Treasury 

Kees advises corporates in the area of treasury and trade finance. He has been working in the financial services industry for more than 20 years setting up global operating models for banks and corporates.

Kees specializes in payments and currency risk management models for emerging market countries. He has successfully helped corporates insetting up payment routes to and from Iran.

LinkedIn profile of Kees Lakerveld

Gert Demmink

Gert Demmink
Partner
Philip Sydney

Gert Demminkis partner at Philip Sidney, a niche risk and reputation consultancy firm active in global trade compliance. Philip Sidney’s market include: Banking, Factoring & Financial Services, Payments Services, Aerospace & Defense, Aviation, Oil&Gas/Offshore, and (Re-)insurance.

From 1998 to October 2006, Gert headed the Centre of Excellence for Integrity (all financial-economic crime related matters) at the Dutch Central Bank. Before that, Gert set up the Finance Intelligence Unit (FIU) for the Netherlands Antilles.

Gert’s ancillary activities include:

  • Deputy Judge in the Criminal Courts in Amsterdam, Haarlem, Schiphol and Maastricht. Often presiding, as the case may be;
  • Chair of the Expert Group for Export Licenses for the Netherlands Industry for Defense and Security (“NIDV”);
  • Representative of NIDV in the European Association of Defense Industries (“ASD”) ‘s Export Control Committee and Business Ethics Committee;
  • Chair, Compliance Chamber of the Institute for Financial Crime in the Hague Security Delta;
  • Member of the FCI Compliance Committee;

SanctionsAlert.com Member Profile – Debra Geister: Entering the Sanctions Field With An Operational Background

December 22, 2017

The issue of OFAC/sanctions compliance cuts to the root of concerns among compliance officers at corporations and financial institutions doing business internationally.

The increasingly complex nature of sanctions programs has led to the need for qualified persons equipped with the knowledge to tackle the day-to-day compliance and operational duties brought on by the ever-changing rules that govern sanctions policy.

In order to gauge a real-life perspective of those in the business, SanctionsAlert.com has taken the time to ask sanctions professionals what they think is the best way of breaking into the sanctions field and how they see the future of the sanctions industry unfolding.

(more…)

The Relatively Little-Known Role of the U.S. State Department in Sanctioning Terrorists and its Consequences

December 5, 2017

In addition to the U.S. Treasury, the U.S. State Department has great influence over the implementation of U.S. sanctions policy in designating terrorists. Despite this important role, over 90% of compliance professionals recently polled by SanctionsAlert.com are either “not so familiar” with the State Department’s designations or “did not know” at all that it could designate.

The imposition of sanctions by the U.S. against terrorists, terrorist organizations, and their support structures is a powerful tool in the detection and prevention of terrorism. (more…)