4th Annual U.S. Sanctions and Export Controls Conference

Agenda

Wednesday, October 26, 2022

Preconference Workshop

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10:00 AM – 5:30 PM ET

CSS Exam Prep Seminar
Full Day Seminar to prepare candidates for the Certified Sanctions Specialist (CSS) Exam. Separate registration required.

Thursday, October 27, 2022

Main Conference Day 1

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8:00 AM – 9:00 AM ET

Registration and Networking Coffee
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9:00 AM – 9:15 AM ET

Welcome remarks
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9:15 AM – 9:45 AM ET

Keynote address

Note: Chatham House Rules apply

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9:45 AM – 10:00 AM ET

Networking Break
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10:00 AM – 10:50 AM ET

GENERAL SESSION: What the Experts Say about Russia-Related Sanctions and Counter Measures
Critical, timely briefing on the evolving landscape of Russia sanctions and their practical aftermath. Key insights into new, anticipated developments in sanctions against Russia, and counter measures taken by Russia. Learn about the lesser-known considerations affecting global sanctions compliance programs – and the path forward for industry worldwide.
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10:50 AM – 11:05 AM ET

Networking Break
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11:05 AM – 12:00 PM ET

GENERAL SESSION: Export and OFAC Licenses – The Issues and Resources as Explained by Leading Government Officials and Other Experts
Sanctions regulations often provide general licenses authorizing the performance of certain categories of transactions. You can also get a specific license on a case-by-case basis under certain limited situations and conditions. When do you go to OFAC, State Department or BIS for a license? And how do the agencies decide whether to grant a license?
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12:00 PM – 1:00 PM ET

Networking Luncheon
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1:00 PM - 2:30 PM ET

ROUNDTABLES
Back by popular demand – the ACSS Conference break out Round Tables! Ask practical questions and problem solve with your peers. Attendees will have a choice of moderated roundtable topics where they can engage in detailed discussions and benefit from a more topic-specific networking opportunity. There are two back-to-back sessions of 40 minutes each. After session one, attendees can go to the next topic of their choice. These roundtables will take place both on day one on day two—giving attendees the option to choose four different topics.
A. Export Controls and Sanctions Evasion and Diversion in Russia and China

Moderator: Steve Wilcox – FTI

B. Most Effective Methods for Risk-Based Metrics to Evaluate your Sanctions and Export Controls Program

Moderator: Eric Rudolph – FTI

C. Technology and Dealing with False Positives in Screening

Moderator: Ruben Pagan – KPMG

D. Sanctions Compliance Under Pressure: What You Can Do to Mitigate Stress and Stay Focused

Moderator: Clay Stevenson – Deutsche Bank

E. Latin America and Caribbean: Hot Button Issues in Sanctions Compliance

Moderator: Xiomara Castro – Scotiabank

F. How to Devise A Sanctions Compliance Program in Shipping, Marine Insurance and Logistics

Moderator: Bob Walsh – AXA

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2:30 PM - 2:40 PM ET

Time to move to Next Session
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2:40 PM - 3:35 PM ET

GENERAL SESSION: Getting up to Speed on Payment Modernization (PayMod) And Sanctions Screening
This session will cover best practices, information and practical examples to help sanctions compliance officers, payment system operators and other participants map out their preferred strategy to sanctions screening in a new world of payment system modernization. Topics include how to do live screening while using the new ISO20022 data standards and a focus on real time: how to pick up the pace even more?
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3:35 PM - 3:50 PM ET

Networking Break
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3:50 PM - 4:50 PM ET

GENERAL SESSION: The Broad (and Costly) Exposure of Non US Companies to US Sanctions and Conflict of Law
Economic sanctions administered by OFAC often have extraterritorial effect, and therefore can impose significant compliance costs and penalties on US subsidiaries as well as their non-US affiliates or parent entities. What are questions you need to ask to determine whether a transaction or business deal is “subject to US jurisdiction”? What are the issues when navigating the questions of who and what transactions may be subject to the reach of US sanctions? What are the finer points of navigating and complying with increasing conflicts of laws and blocking statutes?
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4:50 PM - 5:20 PM ET

GENERAL SESSION: Sanctions and Export Controls Trivia Game
Participate in this live Trivia Game to test your knowledge of Sanctions and Export Controls. This interactive session format will test your real-world knowledge of regulations and sanctions definitions, as well as key lessons learned from enforcement cases in a fun and interactive format.
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5:20 PM - 5:30 PM ET

Closing Remarks Day 1
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5:30 PM - 6:30 PM ET

Networking Reception

Friday October 28, 2022

Main Conference Day 2

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8:00 AM - 9:00 AM ET

Registration and Networking Coffee
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9:00 AM - 9:10 AM ET

OPENING REMARKS
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9:10 AM - 10:00 AM ET

GENERAL SESSION: Seven Deadly (Sanctions) Sins: The Definitive Review of Sanctions Enforcement Actions In 2022 - And Their Lessons
In this session, speakers provide an overview of common compliance issues from 2022 enforcement actions. Using the seven deadly sins as a framework: What can we learn from BIS enforcement actions? Know the 7 pitfalls: it may well be the difference between a “bump in the road or falling into quicksand” when the government comes knocking.
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10:00 AM - 10:15 AM ET

Networking Break
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10:15 AM - 11:00 AM ET

GENERAL SESSION: What a Good Sanctions Compliance Program for a Non Bank Financial Institution Company Should Contain and Look Like
Recent OFAC enforcement actions highlight that non bank financial institutions are responsible for ensuring they do not engage in unauthorized transactions prohibited by US sanctions. This session will cover how payment companies, securities firms and others should develop a tailored, risk-based sanctions compliance program in line with the guidance in the Framework for OFAC Compliance Commitment. Learn about new regulatory expectations, including that companies doing business online should screen the IP address information that they receive in the normal course of their business and to implement IP blocking.
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11:00 AM - 11:15 AM ET

Networking Break
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11:15 AM - 12:00 PM ET

GENERAL SESSION: Coming Clean: Why Internal Investigations and Voluntary Self-disclosure Save Time, Money, and Your Career
So… you found an issue and want to come clean. Enforcement agencies generally give maximum mitigation credit for timely, voluntary, and full self-disclosure. But what can jeopordize that? This sessions looks at how to structure an investigation that involves sanctions violations, and how to reconcile the conflicting requirements of making voluntary self-disclosures to multiple agencies?
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12:00 PM – 1:00 PM ET

Networking Luncheon
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1:00 PM - 2:30 PM ET

ROUNDTABLES
Back by popular demand – the ACSS Conference break out Round Tables! Ask practical questions and problem solve with your peers. Attendees will have a choice of moderated roundtable topics where they can engage in detailed discussions and benefit from a more topic-specific networking opportunity. There are two back-to-back sessions of 40 minutes each. After session one, attendees can go to the next topic of their choice. These roundtables will take place both on day one on day two—giving attendees the option to choose four different topics.

A. Export Controls and Sanctions Evasion and Diversion in Russia and China

Moderator: Steve Wilcox – FTI

B. Most Effective Methods for Risk-Based Metrics to Evaluate your Sanctions and Export Controls Program

Moderator: Eric Rudolph – FTI

C. Technology and Dealing with False Positives in Screening

Moderator: Vita Boomstein – Popular, Inc.

D. Managing and Enhancing Relationships with Regulators and Law Enforcement

Moderator: Todd Willis – Caterpillar

E. Latin America and Caribbean: Hot Button Issues in Sanctions Compliance

Moderator: Xiomara Castro – Scotiabank

F. How to Devise A Sanctions Compliance Program in Shipping, Marine Insurance and Logistics

Moderator: Bob Walsh – AXA

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2:30 PM - 2:40 PM ET

Time to move to Next Session
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2:40 PM - 3:25 PM ET

GENERAL SESSION: Commodities of Concern: Financial Institutions and Their (New) Role in Detecting Evasion of US Export Control Prohibitions
Recently, the Financial Crimes Enforcement Network (FinCEN) and the US Department of Commerce’s Bureau of Industry and Security (BIS) issued a joint alert urging financial institutions to be vigilant against efforts by individuals or entities to evade BIS export controls implemented in connection with Russia’s further invasion of Ukraine. What are the regulatory expectations? And how can financial institutions identify customers and transactions that may pose elevated risks of attempted export control evasion?
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3:25 PM - 3:40 PM ET

Networking Break
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3:40 PM - 4:20 PM ET

GENERAL SESSION: Sanctions Compliance and Detecting Stealth in The Crypto Currency Sector
US policymakers have voiced concerns that the Russian government and sanctioned corporate entities and individuals could use cryptocurrencies to circumvent western sanctions. Federal regulators have announced they will work to prevent attempts to circumvent sanctions using cryptocurrencies. This session will cover a recent cryptocurrency sanctions evasion typology and what compliance obligations and robust procedures crypto exchangers can take to stay ahead of illicit activity. Also, what can traditional financial institutions do to identify and interdict cryptocurrency transactions that may have a sanctions issue?
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4:20 PM - 4:30 PM ET

Closing Remarks Conference