Registration & Breakfast

Co-Chairs’ Opening Remarks

Global Affairs Canada Keynote Address

With the increase of sanctions and regulatory enforcement in the Canadian landscape, Global Affairs Canada will provide some key updates and guidance on the latest and upcoming priorities.

Topics will include:

• Key updates from the Canadian Government Including: new and upcoming legislation
• Guidance on licensing, reporting & other requirements

Russia Sanctions Compliance in Real Life: Managing the Most Enduring Challenges and the Latest Best Practices for the Path Ahead

Industry leading experts discuss the complexity of the newly imposed sanctions on Russia and its implications affecting Canadian companies

• Resolving the expected (and unexpected) dilemmas in the implementation of sanctions against Russia
• How industry is re-evaluating prospective JVs and other third-party relationships
• Special considerations for suspending and winding down current operations in Russia
• Determining the extent of enhanced monitoring for certain transactions
• Clarifying beneficial ownership structures and limits on ownership
• Reviewing the terms of securities, money market instruments, loan and credit agreements
• Identifying and complying with any Canadian permit and OFAC licensing requirements
• Best practices for asset tracing

Networking Break

Special Remarks from The U.S. Department of State

The Director of Sanctions Policy and Implementation will provide insight on:

• The broader scope of current U.S. sanctions policies
• Priorities moving forward
• How U.S. sanctions policies may affect industry operating Canada

The Most Pressing Cuba Sanctions Compliance Dilemmas and How to Resolve Them- The Finer Points of Managing U.S. and Canadian Conflicts of Law

Don’t miss this important discussion on the the divergence between U.S. and Canadian law-and how to address conflicts of law. Topics will include:

• The applications of Canada’s Blocking Order
• Mitigating the risk of dealings with sanctioned Cuban parties/entities
• Examining the implications of current blocking statutes for your organization
• Leveraging insights on other sanctions measures where U.S. and Canada are starting to diverge or conflict
• Best practices for staying in step with U.S. and Canadian sanctions landscapes from secondary sanctions to trade controls

Networking Luncheon

The RCMP and The Canadian Sanctions Enforcement Landscape

Discussing the reach of their enforcement powers to give the audience a clearer understanding of what enforcement will look like in Canada going forward.

Topics will include:

• The latest on seizure and enforcement
• An overview of the investigations process
• Asset freezing and forfeitures specific to Canadian regulations

Navigating the Increase of Thematic Sanctions: A Focus on Human Rights from U.S. and Canadian Perspectives

During this highly anticipated session, speakers will discuss the evolving landscape of thematic sanctions-and the increasing focus on human rights. Topics will include:

• Discussing varying jurisdictions and the implications of human rights sanctions specific to: North Korea, Syria, China
• More about Canada’s Justice for Victims of Corrupt Foreign Officials Act (JVCFO) and how it differs from the Magnitsky Act
• A special focus Humanitarian Aid issues with some specific examples from key Geographical regions

Networking Break

Managing the Interplay of Export Controls and Economic Sanctions Amid Heightened Compliance and Supply Chain Challenges

Experts will dive into a discussion on the intersection of Canadian and U.S. export controls and economic sanctions in current times amid so many recent and anticipated changes.

The session will focus on the most pressing issues affecting international trade professionals, including:

• The newest ways in which export controls and economic sanctions intersect: Emerging areas of convergence-and how to handle them
• Covering your compliance bases: Incorporating all export controls and sanctions relevant to your export and reexport operations
• Special considerations for your supply chain due diligence and monitoring
• Navigating heightened export, re-export and sanctions compliance issues pertaining to Russia and China
• Satisfying U.S. and Canadian export, re-export and sanctions permit/licensing requirements
• How export and economic sanctions agencies are working together and coordinating enforcement efforts

Champagne Roundtables

Industry Specific Benchmarking & Networking

Participants will select a table and benefit from small- group discussions on unique, industry specific compliance challenges.

Industries consisting of:

• Banking and Insurance
• Aerospace & Defense
• Technology
• Cross-Industry Benchmarking

End of Conference Day 1

Women In Sanctions Network Breakfast

Co-Chair’s Opening Remarks

OFAC Keynote Address

The Expanding Scope and Complexity of Sanctions on China – and China’s Counter-Sanctions: The Newest Compliance Best Practices and Lessons Learned

• A closer look at the Sanctioned Designated Persons List (Military End User List)
• The interplay of the Special Economic Measures Act
• Practical impact of the Unreliable Entity List and the Anti-Foreign Sanctions Law
• China’s export control law, guidance and the interplay of blocking statutes: Compliance expectations for industry and mitigating the risk of violations
• Evaluating the future of your operations in China
• Re-assessing your organization’s risk profile
• Re-evaluating potential joint venture, M&A and start-up risks
• How to strengthen third party due diligence and monitoring
• Navigating requirements pertaining to forced labour

Networking Break

Ask Former U.S. Government Officials: Unique Insights on the Evolving Enforcement Landscape and OFAC’s Ransomware Guidance

Former OFAC and U.S. Department of Justice Officials provide special insight into the U.S. Government’s sanctions enforcement posture, priorities and what is on the horizon. The speakers will also provide key takeaways on some of the latest, most impactful enforcement cases and how Canadian industry can mitigate liability risks.

The discussion will also focus on OFAC’s Ransomware Guidance-and its real-world impact.

Ample time will left for Q&A, so bring your questions-and join this interactive session!

Managing Digital Assets, Wallets & Payments: Navigating the Economic Sanctions Compliance Grey Areas and Implementing Recent Guidance

• Critical takeaways on Cryptocurrency, NFTs and other Digital Assets
• Special compliance considerations affecting digital wallets, payments and assets
• OFAC Guidance and Canadian Guidelines on crypto payments
• Potential AML implications of digital payments
• The latest hurdles to tracing and recovering digital assets
• Red flags to look out for with crypto transactions that could potentially be linked to Russia

Networking Luncheon

FINTRAC Guidance: Special Update on Transaction Reporting

SCREENING AND AI
Upgrading Your Multi-Jurisdictional Approach to Screening: The Interplay between Canadian, UK, EU and U.S. Lists

• Updating screening systems and protocols in response to rapidly changing developments, SDN and more list additions/removals
• Special circumstances to be aware of for Canadian multinationals that are
• How to pivot when screening from one jurisdiction to another
• Dealing with false positives in your screening activities
• Extent of required screening and what has fallen short
• Determining if client and payment screening platforms are adequately detecting risk
• When to screen across products and across legal entities
• Assessing beneficial ownership for shell companies and offshore entities
• Evolution of screening technology and implications for the future of compliance

Networking Break

Managing the Convergence of AML & Sanctions Compliance: Best Practices for Third Party Due Diligence and KYC

During this practical session, hear real-world insights on how to leverage compliance resources and broader risk management for effective due diligence and KYC.

• Strengthening your risk-based approach: Canadian and OFAC sanctions and FinCEN BSA/AML compliance
• Sanctions compliance as part of a broader BSA/AML and risk compliance program.
• Impact of the Russia-Ukraine war on existing AML and economic sanctions compliance resources and systems
• Implementing heightened customer due diligence from the sanctions and AML standpoints
• Positioning your AML and sanctions compliance program to incorporate additional sanctions and potential secondary sanctions
• Upgrading AML and sanctions monitoring, detection, and escalation capabilities

Critical Takeaways on the Sanctions Landscape in Other Key Geographies: The Top Emerging Trends to Monitor

This closing session will discuss a rapid overview of other top notable Geographies today to not lose sight of and a prediction of what’s to come.

Jurisdictions to be discussed include:

• Iran
• Belarus
• Venezuela
• Nicaragua

End of Conference