Agenda
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Day 1
November 6, 2024
Audience Polling: Resolving High Stakes Dilemmas Involving Russia: New, Emerging Compliance Risks When Deciding to Remain Or Exit Russia Examining The Evolving Sanctions Against Russia, Enforcement Actions, And Future Regulatory Measures
Konstantin (Kosta) BureikoInternational CounselDebevoise & Plimpton LLP
Rakesh PatelHead of Sanctions Policy Oversight & Export ControlsHSBC Group Management Services
Claire Rivington-KuhnsRegional Export Compliance Counsel, EMEAGoogle
Over the last two years, there have been many rounds of sanctions against Russia, including the introduction of new, novel types not seen before by the UK and EU. Against this backdrop, our speakers will explore the host of challenges that comes with continuing to operate in Russia.
Extended Networking Break
China and Beyond – Managing Increasing Geopolitical Tensions and growing Sanctions, Trade Controls, Circumvention Risk, the BIOSECURE Act, BIOCOMPETE Act, and New Data Transfer Restrictions
Roger MatthewsPartnerDentons (UK)
Nicholas BentleyHead Legal Trade/SanctionsNovartis (Switzerland)
Natalie QuestHead of Sanctions & AMLMarsh McLennan
2024 has seen developing geopolitical tensions and multiple elections. More and more territories are introducing their own autonomous sanctions regimes and some such as China are introducing counter sanctions. Companies that operate internationally are faced with increasing legal and regulatory pressures and sometimes diverging requirements between the laws of their Headquarters or parent company and regional and local requirements.
This practical session explores the practical and strategic implications of geopolitical tensions and increasing sanctions, countersanctions and trade controls in a shifting global environment. Discussions will cover strategies for managing future geopolitical risks in a conflicting environment, the impact of countries’ such as China’s increased use of sanctions and counter sanctions on international business and building resilience.
Networking Luncheon for Attendees and Speakers
Maya Lester (KC)BarristerBrick Court Chambers (UK)
Barbara D. LinneyPartnerBakerHostetler (USA)
The EU’s 14th Sanctions Package: Practical Strategies for Embedding New Anti-Circumvention Provisions, Due Diligence Requirements, and High-Risk Country Designations into Your Programme and Contracts
John BedfordPartnerDechert LLP (UK)
Eric ClarkLead Counsel, Trade ComplianceNokia (EU)
- Examining how new provisions affect the future of your compliance programme
- Additional, required due diligence on secondary sales and end-use in Russia
- How companies are enhancing their third party screening and monitoring to address circumvention risks
- Discussing where companies and financial institutions should draw the line on due diligence efforts-and what falls short
- Identifying the steps being taken to detect and prevent sanctions evasion
- What to do once an actual or suspected evasion scheme is discovered
Afternoon Networking Break
The Middle East and the Sanctions Compliance Intricacies: Hypothetical Scenarios on Navigating New, Complex Sanctions Compliance Issues at the Forefront
Pedro Jorge VazHead of Financial Sanctions & Correspondent Banking ComplianceBanco BPI (Portugal)
Eric ClarkLead Counsel, Trade ComplianceNokia (EU)
David LimPartnerWhite & Case
- The Israel-Hamas war-and the evolving landscape of sanctions
- The evolving sanctions against Iran-and the compliance implications
- Analysing EU blocking statute revisions
- New compliance challenges for EU companies in Iran
- Reassessing transactional risks, including creative and complex transactions
Samira DuijnmayerCompliance Manager - Regulatory & Financial CrimeBooking.com (Netherlands)
Thaddeus McBridePartnerBass, Berry & Sims PLC (USA)
Nancy A. FischerPartnerPillsbury Winthrop Shaw Pittman LLP
In this session, our panelists will discuss the the factors affecting your disclosure calculus. Experts from across jurisdictions will provide a real-life analysis of the disclosure process, detail the considerations of if and when to make a disclosure, and explore how best to handle the subsequent interaction with government regulators and within your organisation. Using hypothetical scenarios, the panelists will walk through their approach to the disclosure decision.
Conference Adjourns to Day Two
Networking Drinks Reception
Day 2
November 7, 2024
The Growing Sophistication of Evasion and Circumvention Schemes-and How to Detect Them: Concrete Examples of Strengthened Due Diligence, Screening and Lesser-Known Warning Signs
Romain BronerVP, General Counsel Export Control & International SanctionsOrano (Paris)
Harry HayllarSenior AnalystSayari
Sara NordinPartnerWhite & Case LLP
During this highly anticipated session, speakers will take you through the common-and not so common-warning signs and how to detect them. Through a series of real-world case studies, this session will impart the newest best practices for due diligence, screening and monitoring.
Networking Break
Anna Deibel-JungDeputy Director
Office of Trade Sanctions Implementation (OTSI)Department for Business and Trade
The UK government announced the creation of a new government unit to enforce UK trade sanctions. Dive into the intricacies of OTSI’s role in civil enforcement, investigating potential breaches, imposing penalties, and more.
The Lengths and Limits of Leveraging AI for Sanctions and Trade Compliance and Screening: The Pitfalls to Avoid When Selecting AI Tools and Implementing AI-Driven Systems and Putting them into Practice
Olga BaranovskaSenior Trade Manager, Business Engagement LeadMicrosoft (Ireland)
Sydney RickelmanDirector, Financial Crimes ComplianceEtsy
AI tools have a dual role in sanctions and trade compliance, offering both opportunities and risks. This session explores how AI can enhance compliance, along with a closer look at the associated limits of these new, emerging tools. Session topics will include:
- Utilising AI for effective screening of trade transactions
- Key considerations for selecting and implementing AI tools
- Ensuring human review of AI outputs for accuracy and compliance with regulatory requirements
- Understanding the regulatory framework for AI in sanctions and trade compliance, including cross-border implications
- To what extent AI enhances accuracy, efficiency and adaptability toward mitigating compliance risks
Esther BlytheDeputy DirectorFCDO Sanctions Directorate
Gaelle MaquignonInternational Trade Controls (ITC) and Economic Sanctions Framework LeadSwiss Re
This session will delve into the challenges faced by G7 nations attempting to align on sanctions packages. Topics will include:
- Analysing recent G7 sanctions and their effectiveness
- Understanding the differences in national policies and their impact on global sanctions enforcement
- Identifying the potential for harmonising sanctions approaches among G7 members
- Developing strategies for improving alignment and coordination
Afternoon Networking Luncheon
Joshua WhiteHead of Financial Crimes Policy and Global Sanctions OfficerStripeFormer Chief, Human Rights and Corruption, OFAC
Jason HungerfordPartnerMayer Brown International LLP
Chloe CinaSenior Associate FellowRUSI
This timely panel discussion will explore likely effects of the U.S. election outcome on national security, foreign policy, as well as the future of U.S. enforcement and compliance priorities. Attendees can expect insightful commentary on the anticipated sanctions posture with respect to Iran, China, Russia, Cuba and North Korea. With many open questions that could reshape transatlantic coordination on sanctions, this panel will offer crucial insights for the year ahead.
Michael E. ZolandzOffice Managing PartnerDentons (USA)
Natalie QuestHead of Sanctions & AMLMarsh McLennan
This session will impart best practices for developing and implementing robust human rights due diligence programmes. Hear real-world examples from companies across different sectors and discuss strategies for tailoring programmes to fit company size, industry, and risk profile. Legal and ethical considerations in human rights due diligence will also be addressed.
- Lessons for developing and implementing a robust human rights due diligence programme
- Real-world examples from companies across different sectors
- How to tailor your program to fit company size, industry, and risk profile
- Legal and ethical considerations in human rights due diligence
- Measuring the effectiveness of your program
- What to do when an issue is flagged during the due diligence process
Networking Break
Integrating New, Rapid Sanctions and Export Controls into Your Programme, Screening and Business Operations: First-Hand Examples of How to Ensure (Almost) Immediate Implementation
Armin StremitzerDeputy Group Head Financial Sanctions ComplianceRaiffeisen Bank International AG (Austria)
Keith HuffmanChief Legal Counsel, Export Control SESAP SE (UK)
Gaelle MaquignonInternational Trade Controls (ITC) and Economic Sanctions Framework LeadSwiss Re
Yvo AmarPartnerAgorax
This session will delve into the expectations and practical steps required for immediate implementation of new exports controls and economic sanctions. Through a practical example involving corporates, participants will engage in discussions, benchmark their approaches, and compare notes and lessons learned.
Hypotheticals
Exploring New, Growing Sanctions Frameworks and Their Interplay with EU, US, and UK Regimes: Focus on US, EU and UK, and Switzerland
Robert PricePartnerLatham & Watkins
Chloe CinaSenior Associate FellowRUSI
- Comparative analysis of their approaches to sanctions enforcement, and how they differ from the U.S., UK and EU
- Understanding the role of these nations in global supply chains and their impact on sanctions efficacy
- Future directions and potential areas for international cooperation