Agenda

Conference Program
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Pre-Conference Workshops

Workshop A – A Practical Guide to Updating Your Risk Assessments, Compliance and Screening Programmes – from the EU 11th Sanctions Package, to OFSI, OFAC, Evasion Risks and Beyond

Nov 15, 2023 9:00am – 12:30 PM

Speakers

Coral Garcia Guadix
Senior Legal Counsel International Sanctions
Aramco (Belgium)

Yianna Stylianou
Associate Manger Sanctions and Transactions Monitoring Compliance
Hellenic Bank

Workshop B – China in Real-Life – A Step-by-Step Guide to Resolving Complex Dilemmas: Unpacking the Ins and Outs of New Compliance Requirements with Interactive Hypothetical Scenarios

Nov 15, 2023 1:30pm – 05:00 PM

Speakers

Anna Bradshaw
Partner
Peters & Peters Solicitors LLP (UK)

Day 1 - Thursday, November 16, 2023

8:45
Co-Chairs’ Opening Remarks
9:00
Interview with OFSI and Audience Q&A
9:45
Preventing Russian Sanctions Evasion: Overcoming New Due Diligence, Screening and Compliance Hurdles Amid Intensifying Enforcement
10:45
30-Minute Networking Break
11:15
EU Commission Interview
12:00
China, the Future of Global Export Compliance and the Interplay with Sanctions: Navigating the Semiconductor Rules, Geopolitics and Your Newest Supply Chain Risks
1:00
Networking Lunch Break
2:15
Unpacking the Implications of the EU’s 11th Sanctions Package: The Expected (and Unexpected) Compliance Aftermath
3:15

Interactive Benchmarking

Upgrading Screening Capabilities in Response to The Newest Complexities: Practical Guidance for Addressing Conflicting UK, EU, and US Screening Outcomes
4:15
Networking Break
4:30

KEYNOTE

Keynote Presentation
5:00
Export Controls, Economic Sanctions and Your Supply Chain: Hypothetical Exercises on How to Resolve Real-World Issues at the Forefront
5:45
Champagne Roundtables and Networking
6:15
Co-Chairs’ Closing Remarks
Networking Drinks Reception

Day 2 - Friday, November 17, 2023

8:00
Women in Sanctions Networking Breakfast
9:00
Co-Chairs’ Opening Remarks
9:05
OFAC Interview
9:45
Preparing for the Long Haul of Russia Sanctions Compliance: Positioning Your Resources and Program for the Long Term
10:45
The Evolving Intersection of Economic Sanctions and Export Controls: Navigating the Nuances and Grey Areas of Overlapping Requirements
11:30
30 Minute Networking Break
11:45
Keynote: US Bureau of Industry and Security (BIS)
12:30
Effective Ownership and Control Assessments: Comparing and Contrasting UK, EU, and U.S. Requirements, and Addressing Conflicts of Law
1:15
Networking Luncheon for Attendees and Speakers
2:30
Operating U.S. Subsidiaries and the China Conundrum: To Bifurcate Operations or Not? UK, EU, and U.S. Perspectives
3:30
Impact of the Recent UK Regulations: Important Updates to the Legal Advisory Services Ban with Respect to Russia
4:30
Co-chair Closing Remarks End of Conference

Day 1 - Thursday, November 16, 2023

8:45
Co-Chairs’ Opening Remarks

Maria Chiara Montegano
Head of Economic Sanctions, Trade Control and Compliance Process Support
ENI S.p.A. (Italy)
9:00
Interview with OFSI and Audience Q&A

Beth Davies
Deputy Director
Office of Financial Sanctions Implementation, HM Treasury

Moderator:

Michael Casey
Partner
Wilson Sonsini
9:45
Preventing Russian Sanctions Evasion: Overcoming New Due Diligence, Screening and Compliance Hurdles Amid Intensifying Enforcement

Nabi Abdullaev
Partner
Control Risks (UK)

Svetlana Djurdjevic
Head of Sanctions Controls and Screening
Danske Bank (Sweden)

Michael Zolandz
Partner
Dentons

  • Addressing prevalence of ship-to-ship transfers as a tool of sanctions evasion, and the increased due diligence around the use of EU/UK ports
  • The aftermath of OFSI’s focus on sanctions evasion for 2023 and beyond-and the practical effect on your due diligence and screening
  • Comparing and contrasting the investigative approach ofOFSI, OFAC, and the EU Commission
  • New takeaways stemming from the enforcement coordination between OFSI, OFAC, and the EU Commission
  • The latest on efforts by regulators to drive sanctions enforcement with intelligence sharing, reporting and whistleblowing
  • Broader impact of greater penalties and criminal enforcement in relation to evasion of Russian sanctions
10:45
30-Minute Networking Break
11:15
EU Commission Interview

Alina Nedea
Head of Sanctions, DG FISMA
European Commission
12:00
China, the Future of Global Export Compliance and the Interplay with Sanctions: Navigating the Semiconductor Rules, Geopolitics and Your Newest Supply Chain Risks

  • How the current geopolitical climate affects your export compliance and supply chain strategies
  • Analysing the UK and EU response to US policy on China trade and export controls-and how to calibrate your compliance approach accordingly
  • How multinational companies with business interests in the UK, EU and the US are revisiting business and supply chain operations in China
  • How semi-conductor rules are affecting the UK and EU markets and supply chains
  • U.S. compliance considerations: Navigating practical challenges arising from ITAR and EAR compliance
1:00
Networking Lunch Break
2:15
Unpacking the Implications of the EU’s 11th Sanctions Package: The Expected (and Unexpected) Compliance Aftermath

Nicholas Richards-Bentley
Head Legal Trade/Sanctions
Novartis (Switzerland)

Aline Doussin
Partner
Hogan Lovells LLP (France)

  • Leveraging new tools to combat circumvention, including designation of “high risk third countries”
  • Understanding how the new anti-circumvention provisions will affect compliance programs through added due diligence of secondary sales and end-use in Russia
  • Practical impact of restrictions on vessels entering EU ports in an effort to avoid ship-to-ship transfers of Russian oil
  • Exploring the prohibition of intellectual property rights sales in connection with already restricted products
3:15

Interactive Benchmarking

Upgrading Screening Capabilities in Response to The Newest Complexities: Practical Guidance for Addressing Conflicting UK, EU, and US Screening Outcomes

Natalie Quest
Head of Sanctions & AML
Marsh UK (UK)

Niki Charilaou
Manager Financial Crime & Sanctions Compliance Dept
Bank of Cypress (Cyprus)

  • What to do when UK, EU and U.S. screening outcomes are in conflict: Concrete examples and lessons learned
  • Discussing which new policies, processes and procedures have been successful in mitigating risk
  • To what extent geo-fencing and ransomware can prevent access from individuals in sanctioned territories
  • The its and misses of third-party screening in flagging sanctioned transactions-and concrete examples of the latest solutions to optimize compliance
4:15
Networking Break
4:30

KEYNOTE

Keynote Presentation
5:00
Export Controls, Economic Sanctions and Your Supply Chain: Hypothetical Exercises on How to Resolve Real-World Issues at the Forefront

Amanda Archibald
Manager Legal
Equinor ASA (Norway)

Raphael Kiess
Managing Director
Alvarez & Marsal (Germany)

John Bedford
Partner
Dechert LLP (UK)

This panel will tackle key issues impacting your supply chains through interactive hypothetical scenarios.

  • Carbon Border Adjustment Mechanism (2024)
  • EU Supply-chain diligence initiative
  • Import Control System (ICS2)
  • BIS semi-conductor rule
5:45
Champagne Roundtables and Networking

Connect in a smaller group setting with like-minded individuals from your industry. Expand your network and gain best practices tailored to the specific realities of your business. Industry breakouts will include:

  • Banking
  • Energy
  • Life Sciences
  • Tech & Telecom
  • Aerospace & Defense
  • Cross-Industry
  • Insurance
6:15
Co-Chairs’ Closing Remarks
Networking Drinks Reception

Day 2 - Friday, November 17, 2023

8:00
Women in Sanctions Networking Breakfast
9:00
Co-Chairs’ Opening Remarks

Maria Chiara Montegano
Head of Economic Sanctions, Trade Control and Compliance Process Support
ENI S.p.A. (Italy)
9:05
OFAC Interview

Erik Grossman
Senior Compliance Officer Office of Foreign Assets Control
U.S. Department of the Treasury
9:45
Preparing for the Long Haul of Russia Sanctions Compliance: Positioning Your Resources and Program for the Long Term

Brian Wilson
Managing Director, Global Head of Sanctions Compliance
UBS (Switzerland)

  • Impact of the UK’s recent law extending Russian Sanctions through a reconciliation period with Ukraine
  • Upgrading best practices for preparing compliance programs for long-term, multi-layered sanctions compliance
  • Examining the renewed importance of risk assessments (and re-assessments, and resource allocation
  • Special considerations for conveying risk assessment outcomes to senior management and the board
10:45
The Evolving Intersection of Economic Sanctions and Export Controls: Navigating the Nuances and Grey Areas of Overlapping Requirements

Roger Matthews
Partner
Dentons (UK)

  • The implications and challenges faced in navigating the increasingly complex landscape of “Sanctions-Like” export controls
  • Lessons learned from key updates and regulatory changes in export control frameworks and discussing the impact of these developments
  • Concrete examples of recent export control measures that exhibit characteristics similar to sanctions, including those with respect to Russian oil
  • Clarifying the distinctions: Export Controls vs. Sanctions
11:30
30 Minute Networking Break
11:45
Keynote: US Bureau of Industry and Security (BIS)
12:30
Effective Ownership and Control Assessments: Comparing and Contrasting UK, EU, and U.S. Requirements, and Addressing Conflicts of Law

Hera Smith
Director, Financial Crime Compliance
Moody’s Analytics (Denmark)

Nancy Fisher
Partner
Pillsbury Winthrop Shaw Pittman LLP

  • Key elements and implications of OFSI’s latest guidance on ownership and control assessments
  • Breaking down the Test for Ownership and Control: Practical Challenges and Solutions
  • Contrast UK and EU ownership and control with OFAC “50% rule”
  • Examining the relationship between ownership and control assessments – and potential enforcement actions
  • How to mitigate risks through comprehensive due diligence
  • Leveraging tools available beyond traditional customer due diligence processes
1:15
Networking Luncheon for Attendees and Speakers
2:30
Operating U.S. Subsidiaries and the China Conundrum: To Bifurcate Operations or Not? UK, EU, and U.S. Perspectives

Parent companies in the UK and EU with subsidiaries in the U.S. face difficult and complicated operational questions. During this practical session, panelists will work through a series of vexing hypothetical situations facing many companies, and how best to approach them.

3:30
Impact of the Recent UK Regulations: Important Updates to the Legal Advisory Services Ban with Respect to Russia

Maya Lester (KC)
Barrister
Brick Court Chambers

  • Analysing further UK restrictions on legal services to Russian entities
  • Understand the impact of the ban on legal services to non-Russian companies seeking to lend to Russian based companies/persons
  • Applying new provisions requiring mandatory disclosure of assets in the UK by sanctioned individuals
  • New ways for sanctioned individuals to donate frozen funds to Ukrainian reconstruction
4:30
Co-chair Closing Remarks End of Conference

Workshop A – A Practical Guide to Updating Your Risk Assessments, Compliance and Screening Programmes – from the EU 11th Sanctions Package, to OFSI, OFAC, Evasion Risks and Beyond

Nov 15, 2023 9:00am – 12:30 PM

Coral Garcia Guadix
Senior Legal Counsel International Sanctions
Aramco (Belgium)

Yianna Stylianou
Associate Manger Sanctions and Transactions Monitoring Compliance
Hellenic Bank

What is it about?

Workshops are offered In-Person only


The EU’s new 11th Sanctions Package, in conjunction with increased enforcement activity from OFSI, OFAC and the EU Commission, have made effective compliance more critical than ever. Join our expert faculty as we discuss these high stakes challenges impacting your compliance programme, and provide practical takeaways for upgrading your compliance strategy.

Along with speaker-prepared reference materials, benefit from the opportunity for enhanced discussion, benchmarking and Q&A.

Topics will include:

  • Step-by-step guide to revisiting and updating risk assessments in response to a shifting economic sanctions and geopolitical landscape
  • Contrasting EU Regulations, and Member State implementation and enforcement
  • Key updates on UK sanctions and export controls – OFSI and DIT implementation
  • Update on U.S. sanctions, screening and the evolving landscape of risk
  • Examine the interplay of EU, UK, and U.S. in practice
  • Analyse the sanctions trajectory since the war in Ukraine began
  • Key takeaways on the EU’s 11 Sanctions Package

Workshop B – China in Real-Life – A Step-by-Step Guide to Resolving Complex Dilemmas: Unpacking the Ins and Outs of New Compliance Requirements with Interactive Hypothetical Scenarios

Nov 15, 2023 1:30pm – 05:00 PM

Anna Bradshaw
Partner
Peters & Peters Solicitors LLP (UK)

What is it about?

Workshops are offered In-Person only


As the U.S. ramps up trade controls on China, there is considerable pressure on the UK and the EU to follow suit. As this prolonged stalemate continues, UK and EU companies are caught in the middle and must navigate a complex reality, especially those that are multinational companies. This in-depth workshop will explore how to resolve the most complex scenarios that companies are facing as it relates to China, and provide practical takeaways to navigate in these uncertain times.

Speakers will work through a series of hypothetical exercises that touch upon real-world issues coming across your desk.

  • Discuss the UK and U.S. joint decision to decline licences to export cutting edge chip technology to China
  • Impact of China’s new limits on the export of metals heavily relied on by UK and EU companies in the production of semiconductors
  • Unpacking the EU proposal to limit private sector investment in China-based technology companies
  • The finer points of the Net-Zero Industry Act, and the EU’s posture on limiting the import of Chinese renewable energy
  • Exploring the potential impacts of the Critical Raw Materials Act, and how it could pose short-term supply chain shortages for EU and UK companies