A JCPOA Progress Report: Europe, Iran and ongoing AML challenges

  • When: December 2, 2016
  • Time: 12:00 PM – 1:00 PM GMT
  • Level: All

On 18 October 2015, Iran and the P5+1 nations adopted the Joint Comprehensive Plan of Action (JCPOA), promising an easing of Iran sanctions and greater trade for Europe. More than 12 months on, some European AML professionals continue to be uncertain about the measures needed to engage in business with Iranian banks and other businesses while also complying with national AML regulatory requirements. This webinar will look at both the measures being taken by Iranian banks in relation to their existing AML compliance frameworks and the controls that some European AML compliance functions have implemented in order to conduct business with Iran in an AML-compliant manner.

Learning Objectives

  • Gain greater insight into Iran’s financial services current AML regulations and how their KYC/ CDD requirements are implemented by Iranian Banks
  • Understand how the AML risk-based approach is being applied when assessing and the establishing new business relationships in Iran
  • Learn about the control measures taken in relation to transaction monitoring and sanction screening to mitigate possible AML risks related to undertaking business with Iranian businesses.

Who Should Attend

  • Sanctions Risk Manager
  • Compliance Officers
  • Legal Counsel
  • Industry Consultants

Region/Sector

  • Global
  • Europe
  • Bank
  • MSB
  • Securities

Moderator

Samantha-Sheen
  • Samantha Sheen, CAMS

  • Europe AML Director
  • ACAMS

Bio

Samantha Sheen is a financial crime risk professional who recently completed work with a global insurer based in Milan, Italy, where she focused on enhancing its financial crime measures across offices in three continents. Sheen previously worked as the inaugural director of the Financial Crime Division for the Guernsey Financial Services Commission. She joined the Commission in 2010 as its first legal counsel. Prior to joining the Commission, Sheen worked as legal counsel for various financial companies both in Canada and Australia. While in Sydney, Australia, Sheen worked with a large accountancy firm in its compliance advisory team before moving to Guernsey. Originally from Montreal, Canada, Sheen started her legal career in Toronto in the late 1990s.

Moreover, Sheen holds a bachelor’s degree in public administration, an LLB and a master’s degree in risk management. She is a member of ACAMS and is a graduate of the Harvard University Kennedy School of Government Strategic Management of Regulatory and Enforcement Agencies program. Sheen’s particular area of interest is in relation to the effectiveness of risk management and mitigation measures in influencing changes in staff behavior and culture within financial institutions.

Speakers

Sue Millar
  • Sue Millar

  • Partner
  • Stephenson Harwood LLP

Tashfin Shafique
  • Tashfin Shafique

  • Managing Director
  • Emerge Consultants

Shokouh Hossein Abadi
  • Shokouh Hossein Abadi

  • Legal Advisor to MD-Compliance, AML& International Affairs
  • Middle East Bank

Omid Mojabi
  • Omid Mojabi

  • Senior Associate
  • Aperio

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