Economic Sanctions Enforcement and Compliance

• Unpacking the use of tariffs instead of or along with sanctions as a tool to advance economic and foreign policy
• Will tariffs be a coercive measure in international trade?
• How will the evolving landscape affect global trade dynamics
• The potential scope of retaliatory measures from key trading partners

• Status and impact of sanctions targeting Russia’s energy sector
• The closer relationship between Russia and China-and what it means for global sanctions and export risks
• Have the sanctions been effective in limiting Putin’s power?
• What to expect from the next EU sanctions package —and new, potential alignments and conflicts with U.S. sanctions

• Iran- Will the U.S. use a maximum pressure campaign to curb Iran’s use of nuclear and ballistic missiles or is there a potential new deal in the works?
• Syria- New sanctions exemptions to ease the flow of humanitarian aid
• The Trump Administration’s policy on Israel

• Key conflicts between U.S., UK and EU rules
• Juggling multiple jurisdictions in cross border transactions and tools to navigate “which law wins”
• Tools to manage conflicted persons in your transactions
• Tips on how to address conflicts of law without undue risk and exposure

• Increased Designations of Foreign Terrorist Organizations
• Important takeaways from OFAC blocking guidance issued in 2024
• Sanctions whistleblower rewards offering 10-30 % of sanctions collections
• Dissecting trends revealed from recent OFAC settlements

• Determining the applicability of sanctions clauses and territorial exclusions
• What are OFAC’s expectations for sanctions exclusions?
• How and what to exclude in your contracts
• Upgrading contractual language to align with new enforcement and compliance realities
• Minimizing the risk of disputes over the interpretation of key clauses
• Common missteps and misunderstandings to avoid-and how

This interactive session will discuss the current challenges that banks are facing on:

• How to perform enough due diligence to identify red flags without utilizing extensive resources
• Will the BIS guidance serve to support financial institutions in mitigating export controls risks
• Reporting suspicious activities to FinCEN related to potential EAR violations

• Measuring the lengths and limits of AI—and how to best integrate AI into compliance and screening
• Potential uses for SAR drafting
• Data security concerns
• Emerging opportunities to leverage AI: What to watch out for
• Pitfalls to avoid when using AI: Mitigating the risk of sanctions violations, errors and inefficiencies

This interactive session will provide you with the opportunity to meet with experienced international sanctions professionals to discuss your sanctions challenges.

Bring your questions and join the conversation.

Hear case studies from companies who experienced significant legal and business challenges when Russia Sanctions began in 2022.

Topics include:

• How to evolve quickly when forced to reexamine your business model due to new regulations
• Discuss legal obstacles that needed to be solved in a short time period
• Lessons learned that can be applied in the future
• Possible re-entry if and when there is an easing of sanctions?

• How will the new crypto task force change the regulatory framework for digital assets?
• What agency or agencies will be responsible for monitoring crypto going forward?
• What is the future of stablecoins?
• How will the growth of tokenization affect the industry?
• Revisiting the sanctions compliance risks in the crypto space-and the interplay with AML
• How crypto companies and banks are working together and addressing sanctions issues

• Pros and cons of relocating operations from China to other countries
• Working through geopolitical tensions and economic uncertainty to determine the best path for your business
• Responding to ongoing supply chain disruptions
• Impact of stringent export controls on China: To what extent they are affecting decisions on risk appetite
• The aftermath of Chinese countermeasures and the impact on whether or not to re-locate your operations

• The current state of the U.S- China relationship-and the impact on the sanctions and export controls landscapes
• Special considerations for the semiconductor and AI industries
• New sanctions on Chinese entities and continued use of the Entity list
• Increased risk from Japan, South Korea and the EU reevaluating their economic ties with China
• What would potential retaliation from China look like-and what to prepare for

During this session, hear concrete examples and lessons learned for re-positioning your program in anticipation of more rapid changes. Whether sanctions intensify or ease, businesses still need to quickly determine what to change, update or eliminate and how to prepare for what comes next. Topics will include:

• Lessons from the rapid evolution of Russia sanctions: Successes and missteps to avoid when aiming for program agility
• Pressure testing your program to evaluate readiness
• How to navigate the latest potential anticipate geopolitical risks
• Readying your program for anticipated changed to sanctions and export controls on China
• Changes to make in anticipation of more developments with respect to Iran and the region
• Tips to ensuring agility of human and IT resources

• How Russia, China, and Iran support one another’s efforts to circumvent U.S. and international sanctions and export controls
• The interdependencies between the three major sanctions programs—including in energy markets and technology supply chains
• How the BRICS and other states are building alternative financial infrastructure to bypass the dollar-based system
• What the U.S. government and businesses can do to confront the Axis of Evasion

• Evolution of the U.S. posture on Mexico, Cuba and Venezuela
• Impact of the designation of cartels and TCOs as foreign terrorists
• The riskiest sectors under more sanctions scrutiny
• How the Trump Administration is using sanctions against Venezuela and Cuba
• Shifting policy and risks with respect to Mexico
• Other areas in Latin America that could have expanded sanctions risk (Colombia, Nicaragua, Haiti, and Panama)

Don’t miss this candid conversation with former government officials from different agencies as they provide their insights and thoughts on what to expect in the next 3-6 months-and what past lessons can teach us for the future. Bring your questions!

During this closing session, benefit from a closer look at the maritime industry and how Russia is evading sanctions by using the dark fleet.

Topics include:

• The riskiest sectors that have or could come under more sanctions scrutiny
• Unravelling a complex ownership trail
• How AIS spoofing is being used
• How the increased use of China affiliated ships in the Red Sea is changing the industry

• Understanding your company risk appetite
• How to derisk for Russia
• Impact of more customers moving to smaller banks and credit unions due to increased CDD demands
• What to do when you need to fire or restrict a customer

PART 1: Panel discussion and additional questions based on earlier sessions

PART 2: Open Audience Q & A: Benefit from an extended opportunity for questions with key enforcement officials- ask your questions in real time or send them in advance. Your questions will be asked on an anonymous basis.