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 received Royal Assent earlier this year, provides the U.K. powers to impose, update, and lift sanctions and AML regimes after the U.K. leaves the E.U. in March 2019. 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

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 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.

Susan Lake
Regional Compliance Head: Swiss Re’s Reinsurance Business Unit

Susan Lake is Regional Compliance Head for Europe, Middle East and Africa for Swiss Re’s Reinsurance Business Unit. She has been with Swiss Re in various Compliance roles since 2005.

Before that, she worked for over 18 years in the Lloyd’s market, in a range of roles including marine underwriting, business planning, business transfers, liaison with capital providers and rating agencies, syndicate monitoring and compliance.

She has worked in the London insurance market since 1986, and is a Fellow of the Chartered Insurance Institute.

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

Beyond List Matching: Compliance with Sectoral Sanctions

Upcoming Webinar

Date:  Thursday, August 30, 2018

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

In recent times, non-list based sanctions have taken center stage in the compliance world. Since July 2014, the U.S. government has begun to utilize an entirely new breed of sanctions regime known as “sectoral sanctions”. These non-list based sanctions, such as those broadly imposed on Venezuelan ‘new debt’ or Russian trade, aim to limit certain sectors of a country’s economy from gaining access to U.S. capital markets. The U.S. Treasury has also created a Sectoral Sanctions Identifications (SSI) List, which is now arguably just as important as OFAC’s Specially Designated Nationals (SDN) List.

In order to fully comply with international sanctions regulations, compliance suites must now go far beyond simple alert checks and day-to-day list matching.

In this SanctionsAlert.com webinar, our expert speakers will discuss the importance of incorporating non-list based activities into your sanctions program as well as the key items your company needs to know in order to comply with recent sectoral sanctions.

You will learn:

  • How to create a comprehensive non-list based approach to sanctions compliance;
  • Today’s key sectoral sanctions regimes as well as what financial institutions need to know in order to stay compliant;
  • Examples and case studies of other activities-based sanctions not related to any list (e.g. Venezuelan ‘new debt’).
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.

Peter Jeydel
Associate
Steptoe & Johnson, LLP

Peter’s practice focuses on US economic sanctions and export controls, including the sanctions regulations of the Treasury Department’s Office of Foreign Assets Control (OFAC), and the export control regulations of the Departments of Commerce and State. He counsels clients on compliance, transactions, licensing, jurisdiction and classification assessments, disclosures, and regulatory and enforcement actions. He has represented persons facing US criminal charges or under criminal investigation for export controls and sanctions violations. The Vice Chair of the American Bar Association’s Export Controls and Economic Sanctions Committee of the International Law Section, he frequently writes about this broad field.

Clay Stevenson
Former Managing Director and the Global Economic Sanctions Executive
Bank of America Corporation

Clay is an independent consultant specializing in economic sanctions matters, assisting clients in a variety of industries navigate the challenges of fast-changing requirements. Prior to starting his consultancy, from 2009 to 2017 Clay was Managing Director and the Global Economic Sanctions Executive for Bank of America Corporation, responsible for the company’s economic sanctions and anti-boycott compliance efforts, as well as a stint leading its anti-bribery / anti-corruption and Code of Ethics programs. From 2007-2009 Clay had responsibility for economic sanctions compliance at Merrill Lynch. And from 1999-2007, Clay served with the Department of the Treasury’s Office of Foreign Assets Control (OFAC), working first in the Compliance Division and later what is now the Office of Global Targeting, the group responsible for OFAC’s sanctions designation activities. Among his roles while at OFAC, Clay served as the first Chief of the Counter-proliferation Section within the then-Designation Investigations Division where he led a team of sanctions investigators charged with targeting the assets of weapons of mass destruction proliferators and their support networks, with particular focus on North Korea and Iran. Clay received his BA from the George Washington University and his MA from the Johns Hopkins University’s School of Advanced International Studies.

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