Over the last several months, there have been a number of considerable regulatory and enforcement developments, concerning economic sanctions. These developments include new US legislation concerning Iran sanctions, a new UN Security Council resolution, and agreement to considerably strengthen EU-Iran sanctions. The legislation will expand the scope of the Iran Sanctions Act (“ISA”) to impose sanctions on non-US companies that provide refined petroleum products oil or liquefied natural gas, natural gas resources, oil or liquefied natural gas tankers, and products used to construct or maintain pipelines used to transport oil or liquefied natural gas and related services to Iran.
There have been substantial fines and penalties levied for sanctions breaches. The largest fine ever imposed for violations of US sanctions regulations of £231 million to Lloyds TSB penalty, the latest ANZ Bank’s settlement of $5.75 million, the $536 Million settled by Credit Suisse AG as well as other investigations into the shipping industry, remind the business community of the high cost for not complying with economic sanctions laws.
Under this climate of increased regulatory restrictions and risk, global companies and manufacturers within the petroleum, energy industries and financial institutions operating worldwide must urgently set up preventative measures and enhance existing compliance programmes. Failure to detect and prevent sanctions breaches is otherwise likely to result in staggering penalties and reputational damage.
C5 is pleased to introduce the 4th European Forum on Economic Sanctions. Senior government officials, industry leaders and lawyers will once again provide insights on critical sanctions issues. Attendees will learn how the comprehensive Iran sanctions will impact your operations and how to comply with tightened international sanctions against Iran while avoiding sanctions breaches.
Topics include:
- How to implement an effective sanctions compliance programme that meets U.S., UN and local requirements
- OFAC, UN and EU’s compliance expectations for US and non-US entities
- Dealing with US, UK and EU sanctions against Iran on a daily basis
- Update on enforcement trends in both the US and UK
- Latest developments on the enforcement of the UK trade brokering controls and licensing
- Designing effective systems and controls to prevent sanctions breaches
- Implementing a robust screening programme to detect all restricted parties and prohibitions
- Conducting effective internal investigations into potential sanctions breaches
Register now to what is sure to be a sold-out event. For programme and speaker updates or to register go to www.c5-online.com/Sanctions
The conference programme is currently under development but please check back soon for an agenda and list of key speakers. Share your knowledge and expertise with your industry peers and colleagues. Gain greater industry recognition as you join our group of business leaders who have helped to shape some of most important industry conferences in Europe. This is an outstanding career, business networking and information sharing opportunity.
Book your place today.
4 easy ways to register:
1. Click here to register online
2. PHONE our registration hotline on +44 (0)20 7878 6888
3. FAX your details directly to 020 7878 6896
4. EMAIL your details directly to marketing@C5 Online.com
For more information please contact:
Speaking opportunities:
Yvette Lingom
Tel: + 44 (0) 20 7878 6923
y.lingom@C5-Online.com
Marketing and media support enquiries:
Alison Morgan
Tel: 212-352-3220 x261
a.morgan@americanconference.com
Sponsorship opportunities:
Jonathan Price
Tel: +44 (0) 20 7878 6907
j.price@C5-Online.com
Conference Details
