Effective Ownership and Control Assessments: Comparing and Contrasting UK, EU, and U.S. Requirements, and Addressing Conflicts of Law

November 17, 2023 12:00pm

Nancy Fisher
Partner
Pillsbury Winthrop Shaw Pittman LLP

Neil Whiley
Director, Sanctions
UK Finance

Hugo Veazey
Director - Financial Crime Compliance Practice Lead Financial Services – Europe & Africa
Moody's Analytics UK Ltd.

  • 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