Risk Assessments: Customising a Comprehensive and Effective Sanctions Risk Profile

September 15, 2020 3:45pm

Shiye Luo-Forst
Associate Director, Head of Sanctions
HSBC (Germany)

Sean Seelinger
Counsel
Ropes & Gray (UK)

  • Scoping your key sanctions risk exposure: geographic; industry; government interaction; imports and exports; and products
  • Developing essential components of effective assessments based on regulators and enforcement agencies expectations
  • Difference between US and EU with regards to regulatory framework and enforcement actions
  • Facilitating identification, collection, scoring and reporting of risks through the risk assessment process; benchmarking your processes and tools
  • Probing your weak spots and uncovering new red flags for activities, transactions and schemes
  • Initiatives to improve and establish cooperation between private and public sector: sanctions authorities, regulators, financial institutions and their customers for information sharing and exchange of typologies e.g. evasions