Keeping Up with Evolving Domestic and Global Sanctions Requirements

  • When: December 4, 2019
  • Time: 12PM – 2PM ET
  • Level: All

Ever-changing sanctions requirements and an aggressive enforcement regime have made life more complicated for sanctions professionals. This webinar will address some of the hard issues for sanctions pros, including how to deal with excessive false positives generated by screening programs and how to comply with the Office of Foreign Asset Control’s (OFAC) 50% rule. The panel will also look at innovative technologies for sanctions programs and provide an overview of current changes in the sanctions landscape.

Learning Objectives

  • Reviewing the latest global sanctions changes such as Russia’s secondary sanctions and restrictions on Venezuela and North Korea
  • Examining OFAC’s 50% rule requirements to mitigate sanctions risks and facilitate current customer onboarding and ongoing due diligence policies
  • Developing a risk-based sanctions program and integrating sanctions oversight into transaction monitoring, SAR filing, CDD and cybersecurity
  • Maximizing opportunities when collaborating with regulators and legislators regarding sanctions enforcement

Who Should Attend

  • Sanctions Risk Managers
  • AML/CTF Specialists
  • Relationship Managers
  • Compliance Training Specialists
  • Legal Advisors
  • Trade Finance Specialists

Region/Industry

  • Global
  • Banking
  • Regulatory/Law Enforcement
  • CTF Risk Managers

Pricing

ACAMS Members Non-Members
$245 $445
Register Now Join ACAMS

Moderator

Chris Bagnall
  • Chris Bagnall, CAMS

  • Financial Crimes Compliance Director – Economic Sanctions
  • Fifth Third Bank

Speakers

Joshua Larocca
  • Joshua Larocca

  • Senior Managing Director
  • Stroz Friedberg


Brian O’Toole
  • Brian O’Toole

  • Senior Vice President | AML Executive for Sanctions
  • BB&T

Timothy White
  • Timothy White, CAMS

  • Vice President, Business Development and Sanctions
  • AML Right Source

Bio

Timothy R. White, CAMS is Vice-President, Business Development and Sanctions for AML RightSource.

Tim has licensed AML and Sanctions Interdiction Software to over 1400 financial institutions since he started working in the banking compliance arena in 1994.

Tim is an expert on OFAC/Sanctions issues and has addressed OFAC and BSA issues at conferences throughout the United States and internationally.  Tim has published articles in the ABA Bank Compliance Magazine, ACAMS Today and Western Banking Magazine. Tim was a member of the ACAMS’ Certification Exam Task Force in 2010 and 2016, as well as ACAMS’ Task Force for its new certification for Certified Global Sanctions Specialist – CGSS.  Tim was a member of a working group formed by the United Nation’s Al-Qaida Taliban Sanctions monitoring team pursuant UNSCR 1735 in 2007.  In June 2006, at the request of the US Department of State, he addressed an EU-US Workshop on Financial Sanctions and Terrorist Financing in Vienna, Austria. Tim provided training for the; Office of the Comptroller Currency and Federal Reserve Bank’s BSA/AML specialists on OFAC and BSA compliance technologies. In 2004 Tim was a member of the ABA’s BSA – OFAC Working Group on OFAC Examination Procedures.  In 2003 he addressed BSA and OFAC as a faculty member of NACHA’s Payments Institute.  In 2002, Tim consulted the FBI on interdict software capabilities within the financial institution marketplace.  In 2001, while working for Thomson Financial Media, and in conjunction with First Data Western Union, Tim wrote the original product requirements for the first international interdiction database called Global Regulatory File, (now Accuity’s Global WatchList™); the first commercially marketed international sanctions database.

Tim served as the Chairperson of the West Coast AML Forum 2012-2018 and is currently on the Advisory Board.  He is an active certified member of ACAMS’s first graduating class.  After earning a Bachelors of Business Administration Degree BBA from the University of Iowa he attended Xerox’s International Management Center in Leesburg, VA