Though it’s often conflated with sanctions enforcement, fighting export control evasion is a topic worthy of consideration on its own.

• Apply Customer Due Diligence measures instead of transaction monitoring to combat export control evasion

• Find red flags for suspicious activity, including comparing transaction volumes before and after sanctions

• 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