Tue, 11/21/2023 - 1:25pm-2:25pm
Compliance and ‘Commodities of Concern’: Identifying Export Control Evasion
Though it’s often conflated with sanctions enforcement, fighting export control evasion is a topic worthy of consideration on its own.
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Apply Customer Due Diligence measures instead of transaction monitoring to combat export control evasion
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Find red flags for suspicious activity, including comparing transaction volumes before and after sanctions
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Cooperate across borders with branches of your own financial institutions to help identify export control evasion
Moderator:
Lynn Li, CAMS-Audit, AML Director – Greater China, ACAMS
Presenters:
Ajay Budhrani, CAMS, Head of Compliance Advisory, for Consumer, Private and Business Banking, Asia, Standard Chartered Bank
Mike Kung, Executive Director and Senior Counsel, Goldman Sachs