A Comprehensive Overview of US Sanctions and Their Extra-Territorial Application – What Every Compliance Professional Needs to Know When Transacting and Trading in US Dollars

Sep 24, 2018 9:00am - 12:30pm

Speakers

Bridget Van Buren
Sanctions Compliance Officer Sanctions Compliance & Evaluation - OFAC
U.S. Department of the Treasury

Integrating Export Controls and Sanctions Compliance – How to Effectively Collaborate Across Different Compliance Areas

Sep 24, 2018 1:30pm - 5:00pm

Speakers

Selena Garreaud
Director, Export Controls and Compliance
C Series Aircraft Limited Partnership - Airbus Bombardier

Barbara D. Linney
Member
Miller & Chevalier (Washington, DC)

Day 1 - Tuesday, September 25, 2018

7:45
Registration and Continental Breakfast
8:45
Opening Remarks From Co-Chairs
9:00
Latest Developments on Russian Sectoral Sanctions from the US, EU and Canada Perspective and Key Areas to Watch in the Near Future
10:15
Real World Scenarios: Capitalizing on Russian Commercial Opportunities in a Post-April 6th World
11:15
Networking Break
11:30
Spotlight on Canada’s Magnitsky Act – Considerations When Doing Business with Russian, Venezuelan, and South Sudanese Parties
12:00

FOCUS ON COMPLIANCE

Best Practices for Staying Compliant With Rapidly-Changing Economic Sanctions
12:45
Networking Luncheon for Speakers and Attendees
1:45

FOCUS ON IRAN

Cross-Atlantic Analysis on the Fallout From Diverging US and European Sanctions Regulations
2:45
Going Beyond the Buzzwords: New Regulatory Practices to Adopt in the Era of Cryptocurrency
3:30
Networking Break
3:45
Are You Confident About Who Are You Doing Business With? Practical Strategies to Ensure Robust Due Diligence and Screening Programs
4:30
Navigating the Intersection of Sanctions, Financial Crime, & AML Rules
5:15
End of Day One

Day 2 - Wednesday, September 26, 2018

8:15
Continental Breakfast
8:45
Opening Remarks From Co-Chairs
9:00

INTERACTIVE PANEL

Caught Between Conflicting Global Rules – Successfully Navigating Opposing Sanctions Regimes
10:00
Insight into Potential EU Blocking Legislation – What You Need to Know About Compliance Risks for Both EU and Non-EU Organizations
10:45
Networking Break
11:00

INTERACTIVE Q & A

Lessons Learned From Former Government Officials
12:00

Keynote Address

Strengthening the Government of Canada’s Sanctions Capacity
12:45
Networking Luncheon
1:30
Greenlighting Opportunities in Sanctioned Countries – Mitigating Your Risk From Project Conception to Gaining Approval
2:30
A Step-By-Step Guide to OFAC Licensing – Best Practices When Seeking Approval to Conduct Business With Embargoed Entities
3:15
Looking Forward – Predicting Future Sanctions Policies
4:00
Conference Concludes

Day 1 - Tuesday, September 25, 2018

7:45
Registration and Continental Breakfast
8:45
Opening Remarks From Co-Chairs

Milos Barutciski
Partner
Borden Ladner Gervais LLP (Toronto, ON)

9:00
Latest Developments on Russian Sectoral Sanctions from the US, EU and Canada Perspective and Key Areas to Watch in the Near Future

Senior Representative
Office of Foreign Assets Control
U.S. Department of the Treasury

Jeanine P. McGuinness
Counsel
Davis Polk & Wardwell LLP

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

  • In-depth examination of the changes to US, Canadian, and EU sanctions policies from the past year
  • Consequences of the April 6th, 2018 expansion of OFAC sanctions designations
  • CAATSA secondary sanctions – on-the-ground consequences of sanctions against Russian Federation and parastatal actors
  • Gap analysis – where are we still lacking guidance from regulatory authorities?

10:15
Real World Scenarios: Capitalizing on Russian Commercial Opportunities in a Post-April 6th World

Milos Barutciski
Partner
Borden Ladner Gervais LLP (Toronto, ON)

Barbara D. Linney
Member
Miller & Chevalier (Washington, DC)

  • Delineating “ownership” and “control” when applying the 50% rule
  • Gaining clarity on potential infractions
    • What does it mean to do “substantial work?”
    • What does it mean to “facilitate?”
  • Identifying a “US Person” – consequences for companies employing American nationals
  • Anticipated areas of conflicting laws between jurisdictions – what should industry keep an eye out for?
  • Looking forward – hypothetical scenarios for those looking to maintain or increase their involvement with Russian projects or co-parties

11:15
Networking Break
11:30
Spotlight on Canada’s Magnitsky Act – Considerations When Doing Business with Russian, Venezuelan, and South Sudanese Parties

  • Will the scope of the act remain unchanged?
  • Potential targets from existing and newly-identified jurisdictions
  • Does the implementation of the Magnitsky Act signal that the Canadian Government is trending towards more sanctions enforcement?
  • Global legislative trends – can we anticipate the adoption of Magnitsky Acts by other countries?

12:00

FOCUS ON COMPLIANCE

Best Practices for Staying Compliant With Rapidly-Changing Economic Sanctions

It has become more difficult to conduct global business in targeted jurisdictions. The reduction in blanket bans has made staying compliant an increasingly difficult task. Join our speakers for a discussion on such topics as:
 

  • The “tools of the trade” you can apply in your day-to-day – from low-tech solutions to advanced software
  • Leveraging internal audits to increase efficiency & accountability
  • Ensuring teams working in other departments have sanctions compliance on their radar and are acting to keep your organization compliant

12:45
Networking Luncheon for Speakers and Attendees
1:45

FOCUS ON IRAN

Cross-Atlantic Analysis on the Fallout From Diverging US and European Sanctions Regulations

Michael Woods
Partner
Woods LaFortune LLP (Ottawa, ON)

Paola Mariani
Partner
Pesce e Associati

Teresa Taylor
Partner Akrivis
Law Group

  • Global ramifications of the USA withdrawing from the Joint Comprehensive Plan of Action
  • The European Union’s proposed blocking statutes – how might these bring American and EU laws into conflict?
  • Overview of post-Brexit Britain’s sanctions regime against Iran
  • Canadian approach – is Canada’s government prepared to enforce an increasingly-strict sanctions policy against Iran?

 
* Denotes invited.

2:45
Going Beyond the Buzzwords: New Regulatory Practices to Adopt in the Era of Cryptocurrency

Charlene Cieslik
Chief Anti-Money Laundering Officer
Coinsquare (Toronto, ON)

  • Blockchain – effects of the new Iran and Russia sanctions on due diligence
  • Cryptocurrency – how cryptocurrencies are being used to evade sanctions
  • Expectations of regulators when it comes to demonstrating that cryptocurrency payments have been made within the bounds of existing regulations

3:30
Networking Break
3:45
Are You Confident About Who Are You Doing Business With? Practical Strategies to Ensure Robust Due Diligence and Screening Programs

Selena Garreaud
Director, Export Controls and Compliance
C Series Aircraft Limited Partnership - Airbus Bombardier

Susan M.C. Kovarovics
Partner
Bryan Cave Leighton Paisner LLP (Washington, DC)

  • Ownership screening – getting to clarity on the 50% Rule
  • Screening benefits and tradeoffs
  • Going beyond the SDN list – keeping abreast of newly-designated persons/companies
  • Reasonable timeframes for reviewing potential commercial partners – how far back in time is sufficient?
  • Discovering a “hit” – delineating false-positives from potential problems

4:30
Navigating the Intersection of Sanctions, Financial Crime, & AML Rules

Joel Amy
SVP Financial Crime Compliance and Chief AML Officer, Canada
Macquarie Group

  • Managing sanctions compliance when dealing with countries subject to the Financial Action Task Force (FATF) – taking advantage of existing due diligence procedures
  • Addressing AML and sanctions compliance co-operatively across departments
  • Data-sharing across units – how to best leverage your data collection between financial crime and compliance teams
  • The arms race of evasion and enforcement – combatting money laundering as a sanctions evasion strategy

5:15
End of Day One

Day 2 - Wednesday, September 26, 2018

8:15
Continental Breakfast
8:45
Opening Remarks From Co-Chairs
9:00

INTERACTIVE PANEL

Caught Between Conflicting Global Rules – Successfully Navigating Opposing Sanctions Regimes

Orlando Silva
Legal Counsel & Director of Export Controls, Customs, and International Trade
BlackBerry

Valentin A. Povarchuk
Trade Compliance Counsel
3M Legal Affairs

John P. Barker
Partner
Arnold & Porter

Helena Sullivan
Assistant General Counsel
Bunge Limited (New York, NY)

Canadian, American, and European sanctions regimes can often come into conflict, or even require mutually-exclusive regulatory practices. How can organizations whose offices span borders avoid crossing regulatory boundaries?

  • Comparative analysis of different sanctions regimes (US, EU, Canada) and the key areas in which they come into conflict
  • Reconciling conflicting legal requirements while still taking advantage of commercial opportunities
  • Global trends in enforcement
  • The myth of the “Strictest Sanctions Regime” – the mistake of presuming one regulatory framework is all-encompassing

10:00
Insight into Potential EU Blocking Legislation – What You Need to Know About Compliance Risks for Both EU and Non-EU Organizations

Anna Bradshaw
Partner
Peter & Peters Solicitors LLP

  • The ins and outs of potential EU blocking legislation – who might it affect and how?
  • Navigating conflicting EU/US sanctions in absence of blocking legislation
  • Exemptions and licenses – What are the options for organizations looking to maintain commercial relationships with Iran?
  • Lessons learned from Canada’s experience with Cuban blocking measures

10:45
Networking Break
11:00

INTERACTIVE Q & A

Lessons Learned From Former Government Officials

Will Schisa
Counsel
Davis Polk & Wardwell LLP

Maura Rezendes
Senior Counsel
Allen & Overy LLP

Bring your questions for this interactive session with former Canadian and American government officials. Learn more about how international regulators work together for global enforcement and take this opportunity to get an inside look into the regulators’ mindsets.

12:00

Keynote Address

Strengthening the Government of Canada’s Sanctions Capacity

Elissa Golberg
Assistant Deputy Minister Strategic Policy Branch
Global Affairs Canada

12:45
Networking Luncheon
1:30
Greenlighting Opportunities in Sanctioned Countries – Mitigating Your Risk From Project Conception to Gaining Approval

Ilona Niemi
VP, Compliance Officer
Zurich Insurance Company Ltd (Canadian Branch)

Martha Harrison
Partner
McCarthy Tetrault

  • Identifying critical success factors – what are the assurances you need before forging ahead?
  • Evaluating red flags during due diligence
  • Risk management strategies to meaningfully address exposure to potential losses
  • Getting cross-functional input – the necessity of reconciling legal and industrial perceptions of risks and rewards

2:30
A Step-By-Step Guide to OFAC Licensing – Best Practices When Seeking Approval to Conduct Business With Embargoed Entities

Paul Marquardt
Partner
Cleary Gottlieb Steen & Hamilton LLP

  • General vs. specific licensing – determining the correct type of license for your project
  • Assembling your licensing checklist – tracking essential documentation
  • Recourse in the event a license is denied – demonstrating changed circumstances or novel information

3:15
Looking Forward – Predicting Future Sanctions Policies

Jacqueline D. Shinfield
Partner
Blake, Cassels & Graydon LLP

  • What will happen with US sanctions against North Korea?
  • What can we expect in terms of sanctions towards regimes in Venezuela and South Sudan?
  • Focus on Canada – insight into implementation of the Foreign Affairs Committee recommendations?

4:00
Conference Concludes

A Comprehensive Overview of US Sanctions and Their Extra-Territorial Application – What Every Compliance Professional Needs to Know When Transacting and Trading in US Dollars

Sep 24, 2018 9:00am - 12:30pm

$595

Speakers

Bridget Van Buren
Sanctions Compliance Officer Sanctions Compliance & Evaluation - OFAC
U.S. Department of the Treasury

What is it about?

Changes to America’s foreign policy may cause ripple effects in all industries regulated by OFAC. Take part in this interactive workshop to ensure that your and your compliance team’s knowledge of current US sanctions regulations is timely and accurate.

  • Identifying the main players – agencies, laws, and lists to keep on your radar
  • A primer on Russian sectoral sanctions – who is affected and how are these sanctions being enforced?
  • An analysis of the on-the-ground consequences of US withdrawal from the Iran nuclear pact
  • Mitigating your exposure to potential risk in the era of “smart” sanctions – how targeted sanctions increase your risk profile
  • Devising and implementing your sanctions screening program
    • Auditing your organization’s current capabilities and identifying potential gaps in analysis
    • Integrating sanctions compliance across your other departments
  • Case studies – real-world takeaways from examples of recent OFAC enforcement

Integrating Export Controls and Sanctions Compliance – How to Effectively Collaborate Across Different Compliance Areas

Sep 24, 2018 1:30pm - 5:00pm

$595

Speakers

Selena Garreaud
Director, Export Controls and Compliance
C Series Aircraft Limited Partnership - Airbus Bombardier

Barbara D. Linney
Member
Miller & Chevalier (Washington, DC)

What is it about?

  • Analysis of areas of overlap between sanctions regimes and export controls – where do ITAR, EAR and sanctions regimes
  • Determining whether you need to apply US standards to a transaction
  • Combating the “silo mentality” – strategies to ensure meaningful collaboration between sanctions and export controls teams
  • Leveraging technology to facilitate cross-collaboration between teams