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

Watch Here

Samantha-Sheen

Bio

Sam is a financial crime prevention professional with over 15 years of practical experience in compliance. Sam holds a number of qualifications and is recognised as a subject matter expert in the field of financial crime. Sam’s previous work experience includes working as MLRO, Data Protection Officer, CCO and Group Head of AML for various financial institutions, both offshore and in Europe. Sam also worked offshore for several years as the first legal counsel to the financial regulator in Guernsey and subsequently set up the financial crime division, overseeing the examination of a variety of financial institutions. She continues to maintain ongoing engagement with other regulators on financial crime matters.

Sam has extensive training experience in the field of financial crime prevention and corporate governance matters. She has most recently been involved in projects related to FinTech businesses and the use of RegTech, to mitigate financial crime and list management relating to the screening of customers and third parties. Sam most recently worked with ACAMS Europe as its AML Director. Sam is recognised by ACAMS as a subject matter expert in sanctions and has co-authored a number of online certificate courses, facilitated working groups on 4/5AMLD in Europe and is a recognised subject matter trainer on financial crime. Originally from Montreal, Quebec Canada, Sam holds a Bachelor of Public Administration and a Law Degree, in which she is qualified as a barrister and solicitor. In addition, Sam holds her Master’s in Business, specialising in risk management.

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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