Sanctions Update for the Commercial Insurance Industry

Upcoming Webinar

Upcoming Webinar

Sanctions Update for the Commercial Insurance Industry

Date: Thursday, July 09, 2019

Time: 10:00 AM – 11:15 AM EST | 03:00 PM – 04:15 PM London
04:00 PM – 05:15 PM Amsterdam

In recent times, insurance companies have felt the burden of increasing regulatory requirements due to their expanded purview. Though once offering only one type of service, many insurance companies now offer a number of services only previously offered by financial institutions. This has exposed the insurance industry to a plethora of complex sanctions regimes.

In this ACSS webinar, join our expert speaker as she examines the recent developments in sanctions that may impact the insurance industry and shows you how to structure a compliance program that keeps your company safe and ahead of the game.

Sign up today! Tell your friends, clients, customers and colleagues about it.

SanctionsAlert webinars conduct audience polls that will give you vital benchmarking data so you can measure your anti-money laundering compliance against others.

Registered attendees will receive a Certificate of Attendance to demonstrate required AML training to auditors, and regulators.

Inna Tsimerman
Chief Privacy & International Trade Counsel,
Marsh & McLennan Companies, Inc.

Inna Tsimerman is the Chief Privacy & International Trade Counsel of Marsh & McLennan Companies, Inc., global professional services firm providing advice and solutions principally in the areas of risk, strategy and human capital through four operating companies: Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resources and related financial advice and services; and Oliver Wyman Group, a management, economic and brand consultancy. She was named to the position in November 2010.
Ms. Tsimerman provides strategic advice on a broad range of trade sanctions and other international trade law issues, and on data protection issues.

Prior to her current role, Ms. Tsimerman served as corporate counsel for Marsh ClearSight, an associate attorney at DLA Piper and at Seyfarth Shaw LLP, and an attorney in the Legal Department of CNA Insurance in Chicago. Ms. Tsimerman interned in the Legal Affairs Division of the World Trade Organization in Geneva after law school.

Ms. Tsimerman was recognized as a highly commended export and sanctions law practitioner in the 2018 WorldECR Awards. She regularly speaks on a variety of sanctions law issues at conferences in the U.S. and abroad.

Ms. Tsimerman received a Bachelor of Arts in International Relations from the University of Toronto and a Juris Doctor from the Illinois Institute of Technology, Chicago-Kent College of Law.

David Brummond
Sanctions Lawyer
Jacobson Burton Kelley PLLC

David J. Brummond is a member of the Washington, DC office of Jacobson Burton Kelley PLLC, international trade law firm. He joined the Jacobson firm in August 2017 following three years of practicing sanctions law in the Washington D.C. office of DLA Piper LLP (US).

Prior to joining DLA Piper, he served eight years as Senior Sanctions Advisor – Insurance in the Office of Foreign Assets Control (OFAC) of the US Treasury Department. In that capacity he assisted in the development of compliance policy for the insurance industry, provided subject matter expertise on insurance to the Office of Undersecretary for Terrorism and Financial Intelligence, assisted in the drafting of licenses for insurance transactions and developed recommendations for an appropriate OFAC response to sanctions violations within the insurance sector.

Before joining OFAC in 2006, he served as Legal Counsel to the Terrorism Risk Insurance Program at the Treasury Department where he helped draft regulations creating the federal terrorism risk reinsurance program. Before joining Treasury in 2003, he served in numerous capacities in the private sector insurance industry, including General Counsel to the National Fraternal Congress of America, the trade association representing fraternal benefit societies; Assistant Vice President and Assistant General Counsel for the National Association of Independent Insurers (NAII), a trade association of property/casualty insurers; and various positions on the staff of the National Association of Insurance Commissioners, including General Counsel and Acting Staff Director.

Duration:

75 minutes

Moderator:

Anna Sayre, Legal Content Writer, SanctionsAlert.com

Are you an ACSS or SanctionsAlert Member? This Webinar is included in your membership. Members do NOT need to register for this webinar to attend, but will receive complimentary log in details via email.

FREE! Balancing Natural & Artificial Intelligences for Enhanced Sanctions Compliance Programs

Upcoming Webinar

FREE! Balancing Natural & Artificial Intelligences for Enhanced Sanctions Compliance Programs

Date: Tuesday, May 28, 2019

Time: 10:00 AM – 11:15 AM New York | 03:00 PM – 04:15 PM London
04:00 PM – 05:15 PM Amsterdam

Subsets of AI, such as machine learning and deep learning, have been proven in assisting compliance officers with handling large amount of data; automatizing decision patterns; and giving humans more time to focus and prioritize the riskiest alerts. Although it brings some relief through the automation of heavy manual processes, AI should be used only to a certain extent and then combined with natural intelligence.

This webinar will focus on the need to use hybrid intelligence in sanctions compliance programs to optimize your screening processes and ensure efficiency, effectiveness and explainability.

 Join the ACSS and Accuity to learn more about:

  • The need for both types of intelligences;
  • The limits of each; and
  • Striking a balance between the two assets

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.

Vincent Gaudel
Compliance Expert
Accuity

Vincent works as a compliance expert for Accuity / Fircosoft in Paris, France. His role includes the monitoring of regulations and emerging threats in the area of financial sanctions. He provides expert insights and contributes to the design of the best tools and datasets, helping Fircosoft’s clients to manage sanctions compliance.

Vincent has more than 7 years’ experience in compliance functions in banking, financial markets, payments & electronic money, and holds Master’s Degrees in international business (Bordeaux, France) and political science (Linköping, Sweden)

Joseph Bognanno
VP of Strategy and Alliances
Accuity

As VP of Strategy and Alliances for Accuity, Joseph has global responsibility for creating, evaluating, and managing strategic relationships with potential partners, joint ventures, acquisition candidates, regulators, and supporting Accuity’s commercial efforts through thought leadership and advocacy.
Joseph joined Accuity following the acquisition of Safe Banking Systems where he was Chief Innovation Officer. Prior to SBS, he served as SVP, Head of Global Risk Analytics at HSBC and was responsible for all transaction monitoring and name screening analytics. Joseph brings a broad perspective to his Accuity role, having worked as practitioner, solutions vendor and regulator.

Duration:

75 minutes

Moderator:

Anna Sayre, Legal Content Writer, SanctionsAlert.com

FREE! OFAC’s 50 Percent Rule: Uncovering the Complexities of Compliance

Upcoming Webinar

FREE! OFAC’s 50 Percent Rule: Uncovering the Complexities of Compliance

Date: Tuesday, June 04, 2019

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

At face value, OFAC’s 50 Percent Rule appears straightforward, but looks can be deceiving. Complying with this complex rule can prove to be quite complicated, in large part because OFAC does not publish a list of majority SDN-owned entities; that legwork is left to compliance teams to determine. Is your institution’s watchlist screening program equipped to stand up to costly fines and the associated risk that comes along with this rule?

Join CSI and ACSS for a discussion on the challenges of screening lists for this rule and the complexities of the associated content that comes along with it. We will discuss an approach for gaining a better grasp on your customers’ identities that will result in a stronger compliance program.

Key Learning Points:

  • Identifying the specifics on both OFAC’s and the EU’s 50% rule(s) and the challenges that come along with them
  • Reviewing recent updates to sanctions programs that have heightened the focus on these rules, and real-life examples of fines/actions that have resulted
  • Deploying practical steps for evaluating programs/policies/procedures to ensure you know your customers and who you are doing business with to optimize compliance efforts

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.

Amber Goodrich, CAMS, CRCM
Compliance Strategist
CSI Regulatory Compliance Division

Ms. Goodrich has been in the financial services industry for more than 15 years and brings a wealth of knowledge in operations, compliance and enterprise risk management. She has functioned in a variety of roles within both large and small institutions, specializing in compliance and anti-money laundering. In her tenure at CSI, Ms. Goodrich has served as an instrumental subject matter expert for a wide variety of compliance issues. Most recently operating on CSI’s Product Management Team, she assists in the development and maintenance of CSI’s WatchDOG®Elite software solutions, including Watch List Screening, Vendor Management and SmartRisk IQ Enterprise Risk Management.

Ms. Goodrich is a Certified Anti-Money Laundering Specialist (CAMS) and a Certified Regulatory Compliance Manager (CRCM), and she speaks regularly on compliance hot topics.

Duration:

75 minutes

Moderator:

Anna Sayre, Legal Content Writer, SanctionsAlert.com

ofac 2019 01 rm3

OFAC Essentials Certificate Course

January 2019

Before You Start

We use Gototraining for the Virtual. Training Part of the Course. It will install software in your computer
We use Litmos as our Learning Management System (LMS). Please test by accessing sample course.
Click on the button on the right to get instructions on how to use the Learning Management System.
Click on the button on the right to download the Participant Guide.

Important Course Dates

Jan. 15, 2019 – Course Landing Page becomes available
Jan. 21, 2019 – eLearning and Course Material become available
By Jan. 29, 2019 – Complete Part 1 and 2
Jan. 30, 2019 – 1st Virtual Classroom (12:00 – 1:30 ET)
Feb. 6, 2019 – 2nd Virtual Classroom (12:00 – 1:30 ET)

Course Structure

Part 1: Self-Paced eLearning Course has been uploaded

Part 2: Required Reading Material has been uploaded

Part 3: Live Virtual Classroom has been uploaded

All course material is loaded onto the Learning Management System. Click on the Enter Course to access the different OFAC Parts.

Creating an OFAC Risk Assessment Any Regulator or Auditor Will Love

Upcoming Webinar

Upcoming Webinar

Creating an OFAC Risk Assessment Any Regulator or Auditor Will Love

Date: Thursday, May 09, 2019

Time: 12:00 PM – 01:15 PM EST | 05:00 PM – 06:15 PM London
06:00 PM – 07:15 PM 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 2018alone, OFAC imposed a fine of $5 million against JP Morgan Chase Bank for violating Iran-related Sanctions, as well as a $7 million fine against carbon fiber manufacturer, Zoltek, and a whopping $53 million against French bank, Société Générale, for violations of the Sudanese Sanctions Regulations.

With the regulator looming, it is important to ensure that your OFAC risk assessment program is completely up-to-date and up-to-scratch.

In this ACSS/SanctionsAlert.com webinar, join our expert speaker as she delves into the essential elements of a healthy OFAC risk assessment program and how your company can be sure to comply with sanctions regulations and avoid a knock from the regulator.

You will learn:

  • Why organization is key to any OFAC risk assessment;
  • Why it is important to consider all departments, customer types, as well as products and services when assessing OFAC risk;
  • Why it is important to document high risk volumes, and to record current OFAC processes especially in those areas where there are no OFAC or weak OFAC processes;
  • The duties, experience and essential competencies of the OFAC Officer;
  • What types of OFAC training is essential to your team – internal vs. external training and additional training for key personnel;
  • How updates to the OFAC lists are conducted, documented, and tested;
  • How is Sensitivity Testing is conducted, by whom, and how frequently; and
  • How Independent Reviews are conducted, and how to document any concerns and perform remediation.

Sign up today! Tell your friends, clients, customers and colleagues about it.

SanctionsAlert webinars conduct audience polls that will give you vital benchmarking data so you can measure your anti-money laundering compliance against others.

Registered attendees will receive a Certificate of Attendance to demonstrate required AML training to auditors, and regulators.

Maleka Ali, CAMS-Audit
President
Arc-Serv, LLC

Maleka Ali, President of Arc-Serv, has 35 years’ experience in financial industry including key positionsin operations, compliance and creation of two denovobanks. Maleka has assisted inmany mergers, acquisitions and system conversions.She’s CAMS certified and part of the inaugural class forthe Advanced CAMS-Audit certification demonstrating advanced skills in auditing. Maleka has assisted over 750 institutions inBSA and OFAC model validations, risk assessment, exam remediation, training and how to effectively utilize automated monitoring.

Duration:

75 minutes

Speaker:

Maleka Ali

Moderator:

Anna Sayre, Legal Content Writer, SanctionsAlert.com

Are you an ACSS or SanctionsAlert Member? This Webinar is included in your membership. Members do NOT need to register for this webinar to attend, but will receive complimentary log in details via email.