OFAC Enforcement Actions: Trends and Analysis

Upcoming Webinar

Date:  Thursday, June 21, 2018

Time:  12:00 PM – 01:15 PM EST (New York),
5:00 PM – 6:15 PM GMT (London), 6:00 PM – 7:15 PM CET (Amsterdam)

In its role as the U.S. sanctions enforcer, the Treasury’s Office of Foreign Assets Control (OFAC) has recently doled out a number of hefty fines for sanctions violations. In 2017 alone, OFAC imposed a fine of $2 million against ExxonMobil for violating Ukraine-Related Sanctions, as well as a $12 million fine against CSE Global Limited and CSE TransTel Pte Ltd, and a whopping $1.2 billion against ZTE Corporation for violation of the Iranian Transactions and Sanctions Regulations.

In this SanctionsAlert.com webinar, our expert speaker will discuss the recent trends in OFAC penalties, analyze specific cases that display these trends, and explain how your company can keep up to date with OFAC’s enforcement strategies.

You will learn:

  • Which companies have been subject to OFAC penalties for sanctions-related violations;
  • Trends in the size of penalties or settlements for sanctions-related violations;
  • Discussions of how specific cases reflect OFAC’s enforcement strategies; and
  • Insights into how OFAC’s enforcement strategies may have changed during the Trump Administration as compared to the Bush and Obama Administrations.

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OFAC

Duration: 

75 minutes

Speaker:

Bryan Early

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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.

Bryan Early, Ph.D.
Associate Professor
Political Science Department, University at Albany

EBryan R. Early is an Associate Professor in the Political Science Department at the Rockefeller College of Public Affairs & Policy, Director of the Center for Policy Research (CPR), and the founding Director of the Project on International Security, Commerce, and Economic Statecraft (PISCES). He conducts research on topics related to foreign policy, international security, and political violence and is an expert on economic sanctions, strategic trade controls, and the proliferation of nuclear and aerospace technology. His book Busted Sanctions: Explaining Why Economic Sanctions Fail (Stanford University Press, 2015) offers the first comprehensive explanation of the causes and consequences of sanctions busting. Early graduated with his PhD in Political Science from The University of Georgia in 2009 and earned his BA in Politics from Washington and Lee University in 2004. From 2008-2009, he was a research fellow at Harvard University’s Belfer Center for Science and International Affairs. As the Director of PISCES and a principal investigator at the Center for Policy Research, Early has been the recipient of 38 grant awards totaling over $4.6 million since 2011.

Continuing Education

SanctionsAlert.com typically requests CAMS (Certified Anti-Money Laundering Specialist – ACAMS) and CAFP (Certified Anti-Money Laundering and Fraud Professional -ICB) credits for its live webinars. Please send us a message if you wish to confirm which credits have been obtained.

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

Logo

Wells Fargo

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

Logo

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

Logo

RBC

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

Logo

Comerico Bank

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

FREE! Hot Trends in Cutting-Edge Sanctions Technology

Upcoming Webinar

Date:  Tuesday, June 12, 2018

Time:  12:00 PM – 01:15 PM EST (New York),
5:00 PM – 6:15 PM GMT (London), 6:00 PM – 7:15 PM CET (Amsterdam)

As has always been the aim of SanctionsAlert.com, we wish to not only provide the best training and development for sanctions professionals, but to arm sanction professionals with the know-how needed to carry out their daily duties with the upmost efficiency and effectiveness. To that end, SanctionsAlert.com has created the Sanctions Technology Taskforce (STTF).

In addition to providing various useful resources to the compliance community, STTF members are tasked with conducting regular Technology Webinars to keep the sanctions community abreast of all the latest developments in sanctions technology.

In this SanctionsAlert.com STTF webinar, our sanctions technology experts will discuss the recent trends in sanctions technology and how such technologies can be applied to your business in order to make day-to-day compliance duties more efficient.

Our experts will discuss:

  • The growth of “reputational risk” as a concern for FIs and non-FIs, and how advanced analytics and ML can be leveraged to mitigate that risk;
  • Moving away from “rules based” analytics in screening of accounts and transactions, and the use of machine learning for better risk management and automation;
  • how recent developments in screening methods and software can improve your day-to-day compliance strategy; and
  • how new tech platforms can help to effectively tune your business’s sanctions processes and operations.
OFAC

Duration: 

75 minutes

Eventbrite - Hot Trends in Cutting-Edge Sanctions Technology

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.

Debra Geister
Principal
Navigator Consulting Group, LLC

photogeisterMs. Geister has spent 15 years in a leadership role in banking compliance and in a vendor capacity. She launched Navigator Consulting Group, LLC. to help companies focus on identifying improved processes surrounding analysis and detection of risk and opportunities. Her team identifies and implements effective detection process and systems and other opportunities for effective, improved business process through convergence, improved investigation practices, typology management and similar areas. In addition, the teams Ms. Geister employs leverage her success in consumer-focused product building and management by helping companies build effective products for the Financial Services sector. Ms. Geister spent three years as Senior Vice President, leading the combined Fraud and Bank Secrecy Act Unit at a Financial Institution. She also spent 15 years in Consulting, Operations and Product Management for Wolters-Kluwer Financial Services and LexisNexis Risk Solutions.

Joseph M Bognanno III
Chief Innovation Officer
Safe Banking Systems

Joseph joined Safe Banking Systems in April 2018 and is spearheading the process for developing, managing and implementing new ideas and innovation throughout SBS. He will also be responsible for change management and participating in the development of strategic partnerships.

He brings a broad perspective to his CIO role, having worked as practitioner, solutions vendor and regulator.  Prior to joining SBS, Joseph served as SVP, Head of Global Risk Analytics at HSBC and was responsible for all transaction monitoring and name screening analytics. He managed teams engaged in all aspects of model governance in relation to AML analytics, design, development, optimization, model validation and remediation.

Previously, he held various positions at anti-money laundering solutions provider NICE Actimize and spent seven years in the U.S. Treasury, Office of Technical Assistance (OTA).  At OTA, he worked as Senior Advisor on Economic Crimes, and U.S. Treasury Attaché liaison to the South American FATF to engage with the U.S. Treasury, the U.S. Department of State, USAID, the International Monetary Fund, the World Bank, Organization of American States, the Financial Action Task Force and other organizations to provide information technology solutions to combat financial crime through technical assistance programs.

Joseph has over 25 years of experience in the financial industry. More than 15 years have been spent within the Compliance industry, working to mitigate money laundering and other financial crime risks through the use of technology specific to AML/FCC initiatives. He has provided training, technical assistance, and guidance to both public and private sectors in over 40 countries.

As an AML subject matter expert, he has spoken at various industry events, notably ACAMS and FATF Plenaries, and has provided expert AML/CFT commentary to a number of international publications.

Joseph is also the co-chair of the New York City Alumni Club for The Johns Hopkins Carey Business School.

Continuing Education

SanctionsAlert.com typically requests CAMS (Certified Anti-Money Laundering Specialist – ACAMS) and CAFP (Certified Anti-Money Laundering and Fraud Professional -ICB) credits for its live webinars. Please send us a message if you wish to confirm which credits have been obtained.

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

Logo

Bank of America

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

Logo

Wells Fargo

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

Logo

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

Logo

RBC

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

Logo

Comerico Bank

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

Preparing for a Regulatory Examination of Your Financial Institution’s OFAC Program

Upcoming Webinar

Date:  Thursday, July 12, 2018

Time:  12:00 PM – 01:15 PM EST, 05:00 PM – 06:00 PM London,
06:00 PM – 07:00 PM Amsterdam

This webinar will address the steps an institution can take in advance in order to prepare for a bank examination of your OFAC program. Our speaker will discuss and provide guidelines for positively and accurately representing OFAC programs to regulators in order to ensure your business achieves the best outcome.

In this SanctionsAlert.com Webinar, we will cover: what happens when the bank examiner arrives, how the examiner prepares him/herself for the examination, how to handle questions from the examiner, and how to best document the examination.

What you will learn:

  • The ins and outs of the “rule book” used by the Regulator;
  • How to prepare your team (i.e. compliance staff, business lines with sanctions responsibilities, senior executives) for the examination;
  • How to use and get the most our of communication protocols; and
  • How to organize relevant information relating to your OFAC program.
OFAC

Duration: 

75 minutes

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.

Thomas E. Nollner
Consultant
Office of Technical Assistance (OTA)
U.S. Treasury Department

Tom has more than 38 years of experience in financial institution supervision and consulting.  He spent 30 years as a National Bank Examiner (NBE) for the Comptroller of the Currency where he was a safety and soundness examiner and a compliance examiner, retiring in 2008.   During Tom’s last 15 years as an NBE and past 10 years as a consultant, he has specialized as an AML/CFT examiner/consultant.  In these roles he has analyzed the AML/CFT programs and processes for all types of financial institutions’ to ensure that they complied with applicable AML/CFT laws, rules, and regulations.  In addition, he has reviewed suspicious activity identification, monitoring, and reporting processes; he has traced proceeds and transactions through several layers of activity; and he has provided AML/CFT training for many different financial institutions.

In his current role at the OTA, Tom assists developing countries with banking issues. Tom is assigned to the Economic Crimes Team that focuses on training, assisting, and mentoring the staffs of the financial regulatory departments and financial intelligence units of various countries, such as: Afghanistan, Iraq, Myanmar, and Surinam, regarding AML/CFT compliance.

Continuing Education

SanctionsAlert.com typically requests CAMS (Certified Anti-Money Laundering Specialist – ACAMS) and CAFP (Certified Anti-Money Laundering and Fraud Professional -ICB) credits for its live webinars. Please send us a message if you wish to confirm which credits have been obtained.

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

Logo

Bank of America

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

Logo

Wells Fargo

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

Logo

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

Logo

RBC

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

Logo

Comerico Bank

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

EU and U.K. Sanctions Update: The Potential Effects of Brexit on U.K. Sanctions Law and How Compliance Officers Can Prepare For the Switch

Upcoming Webinar

Date:  Thursday, Sept 13, 2018

Time:  10:00 AM – 11:15 AM NYC,
03:00 PM – 04:15 Amsterdam

The U.K. currently derives its sanctions from European law to implement sanctions, regardless of whether they originated at the U.N., E.U., or OSCE. Since June 2016’s ‘Brexit’ decision, when the U.K. voted to leave the E.U., it has been unclear how the U.K. will implement sanctions policy after the divorce.

The new Sanctions and Anti-Money Laundering Bill, which is set to be passed by Parliament in 2018, will provide the U.K. powers to impose, update, and lift sanctions and AML regimes after the U.K. leaves the E.U. But will the U.K. sanctions landscape stay the same, or is it likely to change drastically?

In this SanctionsAlert.com webinar, you will learn:

  • What powers will be derived from the new U.K. Sanctions and Anti-Money Laundering Bill and how this will change (or not change) the sanctions landscape; and
  • What the potential effect of Brexit on U.K. Sanctions Law will be as well as how Compliance Officers can prepare for the switch.
OFAC

Duration: 

75 minutes

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.

Michelle J. Linderman
Partner: Crowell & Moring LLP

Michelle J. Linderman is a member of Crowell & Moring’s International Trade Group in the firm’s London office. An English and Hong Kong qualified solicitor with nearly 20 years of experience, Michelle advises clients – such as international businesses, traders, ship owners, charterers, insurers, financial institutions, and energy companies – on U.K.-specific and cross-border sanctions, including matters that concern national and international trade and financial sanctions.

This work includes counseling on due diligence and compliance procedures; advising on the impact of sanctions on operations and transactions; drafting and advising on sanctions clauses in contracts and insurance policies; advising on the effect of sanctions on loans, investments, and payment issues; making applications to relevant authorities for licenses and authorizations; and, advising clients in relation to sanctions-related enquiries made by United Nations Panels of Experts.

Michelle is experienced in handling disputes for a wide cross-section of clients including ship owners, charterers, P&I insurers, traders, insurers, and others in relation to shipping and commercial disputes, including fraud. Her litigation capabilities extend to issues arising from maritime casualties, including collisions, groundings, fires, engine failures, salvage incidents, pollution, and unsafe ports, as well as charter party and bill of lading disputes. She has considerable experience in High Court litigation and London arbitration and has also handled litigation in a number of international jurisdictions including Hong Kong, the People’s Republic of China, South Africa, New York, Miami, Nevis, Jersey, and Guernsey.

Continuing Education

SanctionsAlert.com typically requests CAMS (Certified Anti-Money Laundering Specialist – ACAMS) and CAFP (Certified Anti-Money Laundering and Fraud Professional -ICB) credits for its live webinars. Please send us a message if you wish to confirm which credits have been obtained.

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

Logo

Bank of America

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

Logo

Wells Fargo

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

Logo

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

Logo

RBC

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

Logo

Comerico Bank

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

Compliance Considerations on Countering America’s Adversaries Through Sanctions Act (CAATSA)

Upcoming Webinar

Date:  Thursday, May 31, 2018

Time:  12:00 PM – 01:15 PM EST, 05:00 PM – 06:15 PM London,
06:00 PM – 07:15 PM Amsterdam

This Live Webinar is Included in the SanctionsAlert.com Membership, therefore you do not need to register You will receive an e-mail with the login instructions the week of 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.

Last August, President Trump signed the Countering America’s Adversaries Through Sanctions Act (CAATSA) into law. Its broad provisions imposed sweeping new sanctions on Russia, Iran and North Korea. Though many of these sanctions are yet to be implemented, CAATSA presents significant new compliance risks for both U.S. and non-U.S. companies conducting business with the above countries, namely – Russia.

In this SanctionsAlert.com webinar, our experts will talk you through the potential pitfalls and main compliance issues that could arise when confronted with CAATSA and how to protect your business from any associated risks.

In this SanctionsAlert.com Webinar, you will learn:

  • New compliance responsibilities related to CAATSA
  • Vital information about a little-known provision related to cryptocurrencies used by terrorists;
  • Potential new lists you need to keep under consideration for list matching;
  • New compliance risks for US and non US companies doing business in Russia; and
  • How to protect your business from any associated risks.
OFAC

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.

Michelle Turner Roberts 
Counsel
Berliner, Corcoran & Rowe, LLP

copy_of_head_shotMs. Roberts is an associate in the export controls and sanctions practice at Berliner, Corcoran & Rowe. She counsels clients on export controls, economic sanctions, and related regulatory matters before the Departments of Commerce, Treasury, and State. She has experience assisting with licensing issues, Technical Assistance and Manufacturing License Agreements, voluntary disclosures, development of compliance procedures and internal controls, and has helped clients obtain favorable determinations on commodity jurisdiction and classification requests. Ms. Roberts also has extensive experience in conducting internal investigations and compliance audits, including serving as part of a team of auditors for an external monitorship required under a Commerce Department settlement agreement. Ms. Roberts has worked with clients in a range of industries, including defense, telecommunications, actuation and instrumentation, life sciences, and finance. She is a member of the District of Columbia and Maryland (inactive) bars, and is on the Board of Directors of the Women’s Bar Association of the District of Columbia.

Jeff Schwartz
Senior Global Trade Counsel, Ethics and Compliance Office, Office of the General Counsel

Hewlett Packard Enterprise

Jeff is the Senior Global Trade Counsel at HPE, a multinational enterprise information technology company. Based in the Washington, DC area, Jeff has broad experience in import, export, and sanctions laws and is the attorney in Hewlett Packard Enterprise’s Office of the General Counsel providing legal counseling and support for the company’s international trade compliance responsibilities around the world.

Prior to joining HP, Jeff was a member of the International Trade & Regulatory practice at Alston & Bird LLP. Before practicing law, Jeff worked as a strategy consultant in the Washington, D.C., office, of Kaiser Associates, Inc., where he advised industry-leading clients on a variety of corporate strategy issues, including global supply chain strategy. Jeff earned his J.D., with honors, from The George Washington University Law School, as well as a M.A. in International Affairs from George Washington University’s Elliott School of International Affairs. He completed undergraduate studies in International Studies at Emory University.

Duration: 

75 minutes

Continuing Education

SanctionsAlert.com typically requests CAMS (Certified Anti-Money Laundering Specialist – ACAMS) and CAFP (Certified Anti-Money Laundering and Fraud Professional -ICB) credits for its live webinars. Please send us a message if you wish to confirm which credits have been obtained.

Moderator:

Anna Sayre, Legal Content Writer, SanctionsAlert.com

Attendee Testimonials

Logo

Bank of America

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

Logo

Wells Fargo

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

Logo

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

Logo

RBC

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

Logo

Comerico Bank

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