Hello Everyone! The Government Relations Task Force has put together this survey to gauge what you would like the group to focus on and see what is most important to you. Please take a few minutes to fill it out. Thanks! https://www.surveymonkey.com/r/8YWTPS5
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Bright, Natasha
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EU SanctionsWe are hard at work planning the virtual European Conference on Global Economic
Sanctions and Export Controls. Our Panels will cover topics such as: The EU, OFSI and OFAC Shared Regulatory Landscape, Navigating EU Sanctions on Russia & more! For more info or how to register: http://2021eu.sanctionsconference.com
Sanctions and Export Controls. Our Panels will cover topics such as: The EU, OFSI and OFAC Shared Regulatory Landscape, Navigating EU Sanctions on Russia & more! For more info or how to register: http://2021eu.sanctionsconference.com
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Saskia Rietbroek, Executive Director at the Association of Certified Sanctions Specialists recently spoke to RegTech about the sanctions landscape for 2021, and predictions for the new year. Take a listen! https://www.buzzsprout.com/976483/6840403-sanctions-with-saskia-rietbroek
OFAC fined Berkshire Hathaway more than $4,000,000.
The notice says the action highlights the importance of:
(1) performing appropriate due diligence, particularly with regard to affiliates, subsidiaries, or counter-parties that are known to transact with OFAC-sanctioned countries or persons, or that are otherwise determined to be higher risk based on a variety of factors, including their geographic location, customers and counterparties, or products and services;
(2) ensuring subsidiaries understand their obligation to comply with all applicable OFAC sanctions, to include when they supply goods to other companies within their corporate chain, and to report potentially violative conduct;
(3) verifying the accuracy of end-users and associated underlying paperwork for goods shipped through third-country distributors, particularly where there are red flags indicating potential OFAC-sanctioned countries or persons.
Does this action have any practical implications or takeaways for your business?
The notice says the action highlights the importance of:
(1) performing appropriate due diligence, particularly with regard to affiliates, subsidiaries, or counter-parties that are known to transact with OFAC-sanctioned countries or persons, or that are otherwise determined to be higher risk based on a variety of factors, including their geographic location, customers and counterparties, or products and services;
(2) ensuring subsidiaries understand their obligation to comply with all applicable OFAC sanctions, to include when they supply goods to other companies within their corporate chain, and to report potentially violative conduct;
(3) verifying the accuracy of end-users and associated underlying paperwork for goods shipped through third-country distributors, particularly where there are red flags indicating potential OFAC-sanctioned countries or persons.
Does this action have any practical implications or takeaways for your business?
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EU SanctionsThe Association of Certified Sanctions Specialists recently spoke with Sebastiaan Bennink, a partner at BenninkAmar Advocaten. Sebastiaan is a specialist in the field of economic sanctions and export controls, and his legal practice focuses on all aspects of international trade law and related issues, including money laundering, terrorist financing, fraud, bribery and corruption, and other compliance-related topics. Sebastiaan also regularly represents clients subject to investigation and enforcement proceedings.
This interview was a chance to hear Sebastiaan’s incisive perspective on the latest European sanctions trends and the geopolitical developments behind them.
This interview was a chance to hear Sebastiaan’s incisive perspective on the latest European sanctions trends and the geopolitical developments behind them.
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