The ACAMS Netherlands chapter will host an in-person conference on “Successfully managing dynamic sanctions landscape”.

Overview:
In last few years, geopolitical developments have shaped the world events and relationships between countries. The major economies and world powers develop their foreign policy based on these geopolitical events. The sanctions policies are part of country’s foreign policy and hence, individual country’s response to these geopolitical events is reflected in their sanctions policy.  

The reputational and compliance risk are two big risks posed to financial institutions due to non-compliance of sanctions. Considering the foreign policy aspect, the non-compliance of sanctions can result into serious regulatory and criminal impacts. It also has a negative societal impact by allowing money to be in the hands of the anti-social elements or the enemy of the nation. Hence, sanctions comprise the significant part of the financial crime. 

The financial institutions need to comply with the sanctions from different regulatory regimes depending on their business location and markets and currencies they are trading. The proposed ACAMS session will analyze the various dimensions of Sanctions landscape including the political, regulatory and technology aspect. They session will also explore the critical aspect of fuzzy matching and Sanction screening algorithm features.  

Speakers’ introduction and topic is as below: 
Joost de Vries Joost has been working on sanctions in the Netherlands Ministry of Foreign Affairs since 2018. First in Brussels at the Permanent Representation of the Netherlands to the EU, and for the past years at the Ministry in The Hague. During these years he has been involved in the development of new EU sanctions instruments like the Global Human Rights Sanctions Regime and the Cyber Sanctions Regime, as well as numerous geographical sanctions regimes as coordinator from The Hague. More recently, he was the coordinator for Russia and Belarus sanctions and has worked on the implementation of sanctions in The Netherlands, as part of the team of the National Sanctions Coordinator. Right now, he is part of the MFA’s sanctions unit, which was established last summer as part of an increase in the Dutch capacity on sanctions, focusing on more horizontal and strategic sanctions issues.

Joost will focus on sanctions as a foreign policy tool and why it is important to comply with sanctions. He will explain the policy perspective of sanctions, their purpose, and practical implications. He will highlight the coordination across different regulatory agencies with respect to sanctions. Lastly, he will speak about a need of financial institution’s public policy/economics departments to stay updated and in regular contact with public agencies to understand the exact scope of sanctions and limit overcompliance.

Chadi Sassine is a partner at EY and leads Financial Crime practice for EY France. He specializes in FEC framework and technology.

Chadi will provide an overview of challenges faced by an Institution. These challenges range from simultaneously complying with multiple jurisdictions, timeline of effective list updates, regulatory pressure etc. He will also speak about global best practices in Sanctions framework and technology.

Aoife Doyle is VP of Product Marketing at Fenergo and is based in Dublin, Ireland. Aoife has over 12 years’ experience in the Financial Services industry, having worked in Central Bank of Ireland, Citi, and First Derivatives prior to joining Fenergo. She has a strong background in compliance and consultancy, particularly in the areas of anti-money laundering and digital transformation programmes. 

Aoife will focus on the technology enablement for complying with multiple Sanctions regimes. She will provide an overview of effectively using technology systems for watchlist management, fuzzy matching, and calibration.

Panel discussion:

After the presentations, there will be a panel discussion with the speakers moderated by Kiran Muthal from ACAMS. The panel discussion will also take questions from the audience.

Note to registrants: 

Note to registrants: 

This workshop is jointly organized by Fenergo and the Association of Certified Anti-Money Laundering Specialists, LLC (ACAMS).
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Agenda:

Registration opens:    3:30 – 3:45 PM
Opening event by ACAMS:    3:45 – 4:00 PM
Presentation - Joost de Vries:      4:00 – 4:15 PM
Presentation - Chadi Sassine:    4:20 – 4:35 PM
Presentation - Aoife Doyle:    4:40 – 4:55 PM
Break:    4:55 – 5:05
Panel discussion:    5:10 – 5:55 PM
Closing Event:    5:55 – 6:00 PM
Networking reception:    6:00 – 7:00 PM

Venue:

Fenergo
Sint Jorissteeg 2
1012 XV 
Amsterdam