Sanctions Risk Management Conference

How to stay compliant with OFAC and out of trouble

NYC | October 15 – 16, 2018

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UN Sanctions Implementation: The Importance of Supporting An Open Dialogue Between Policy Makers and the Private Sector

August 20, 2018
By Anna Sayre, Legal Content Writer SanctionsAlert.com

Financial institutions and corporations playa key role in the implementation of sanctions issued by the United Nations (UN) Security Council.In fact, this is where the rubber hits the road, as private companies are the ones that enable the implementation of UN sanctions. Nevertheless, many compliance officers,who deal with the operational aspects of UN-derived sanctions on a daily basis and often spend millions of dollars/euros to ensure compliance, are not aware of how they come into being or the policies from which they derive. read more…

Bank of China Order Confirms U.S. Regulators Are Willing to Take a Tough Line On Sanctions Missteps

August 16, 2018
By: Anna Sayre, Legal Content Writer, SanctionsAlert.com

After conducting a supervisory examination of its compliance program, the Office of the Comptroller of the Currency (OCC) has issued a $12.5 million fine and a Consent Order requiring Bank of China’s New York Branch to fulfill certain requirements within 90 days, some very far-reaching.

The Order, imposed by the OCC in April 2018, not only details shortcomings found in the Bank Secrecy Act/anti-money laundering (BSA/AML) compliance program of one of the world’s biggest lenders, but also enterprise-wide deficiencies in its Office of Foreign Assets Control (OFAC) compliance requirements.

read more…

The Benefits of Incorporating Cutting-Edge FinTech Technologies Into Your Sanctions Screening Program

July 17, 2018
By: Joseph M Bognanno, Chief Innovation Officer, Safe Banking Systems and Ben Knieff, Financial Crimes Expert, Safe Banking Systems*

Financial institutions, and increasingly corporates and non-financial institutions, face the unrelenting challenge of combating those who wish to evade sanctions, money laundering and terrorist financing. A keystone in any effective approach to meeting this challenge is the identification of entities as part of the organization’s Know Your Customer (KYC) program, which always includes screening. read more…

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Attendee Testimonials

“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

“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

“Timely topic, detailed, knowledgeable speakers”

Mary Flanagan, Regions Bank — Birmingham, AL, USA

“Expert, knowledgeable speakers made for a very informative and engaging session.”

Sara Romana — Comerico Bank

“Informative and presenters did well”

Vanessa Rich, Exterran — Houston, Texas

“Very relevant and practical items”

Christian Velasquez, Payoneer — New York, NY, USA

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