Risk Assessments: Customising a Comprehensive and Effective Sanctions Risk Profile
Shiye Luo-Forst
Associate Director, Head of Sanctions
HSBC (Germany)
Paige Berges
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
