Practical Considerations When Doing Due Diligence on Iranian Business Partners and Counterparts
Date: Thursday, December 14, 2017
Time: 12:00 PM – 01:15 PM EST
European and U.S. sanctions regimes against Iran have become increasingly misaligned since the implementation of the Joint Comprehensive Plan of Action, or JCPOA, in early 2016. As such, compliance officers and other professionals have had to navigate extremely treacherous waters.
This increasing confusion resulting from differing international rules regarding Iran has made it paramount to understand what a compliance officer must do to stay fully compliant across the globe.
This webinar will provide a practical approach on what a company must do to stay fully compliant with these complex, and sometimes conflicting, regimes. Additionally, attendees of this webinar will be equipped with the tools needed to best conduct due diligence and stay compliant when doing business with Iran.
Join this live SanctionsAlert.com course and learn:
- How the US and EU regimes differ and the potential issues that can arise
- Whether US & EU lists are enough to go by in order to stay compliant
- How to properly weigh any potential adverse outcomes
- How to present Customer Due Diligence (CDD) to your bank-
- Alternative approaches for corporations doing business with Iran
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Great knowledge, great instructors, great value
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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.
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;
International payments specialist and co-founder
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.
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.
Anna Sayre, Legal Content Writer, SanctionsAlert.com
Bank of America
“Great knowledge from the presenters and the content was relevant”
— José R. Fernandez, Bank of America – Charlotte, NC, USA
“Great coverage of information”
— Cathy Swindell-Smith, Wells Fargo – Charlotte, NC, USA
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
“The content was excellent and easy to understand. The presenters did a great job!”
— Susan Wilson, RBC – Toronto, Canada
“Both speakers were exceptionally knowledgeable and provided practical information regarding the sanctions changes”
— Adam Hermes, Comerico Bank – Livonia, USA