Financial Sanctions in Practice: What you need to know to comply
When adopting the 2015 Budget, the UK Government announced a review of the implementation of UK financial sanctions, with the view to strengthen the government’s ability to implement and enforce what it described as a “vital tool” in the country’s national security interests. This review will take into account lessons from structures in other countries, including the US Treasury Office of Foreign Assets Control.
As a result, financial institutions and their corporate clients are increasingly exposed on both sides of the Atlantic to the application of various overlapping and far-reaching sanctions regimes.
As the risk of investigations in both the US and the UK are real and increasing, we are offering a complimentary seminar, approved for 2 CPD hours by the Solicitors Regulation Authority, on 15 June 2015. The seminar will provide practical training on what you need to know to comply with these sanctions regimes.
9:30 a.m. – Registration and networking with tea and coffee.
10 a.m. – Welcome remarks and introduction.
10:10 a.m. – Comparative overview of the EU and US Financial sanctions regimes.
10:40 a.m. – Best Practices and Compliance insights: what the regulators expect from the financial institutions and their clients.
11:20 a.m. – Case studies and group discussion.
Noon – Networking lunch with guest speaker.
The seminar will be subject to the Chatham House Rule.
Who Should Attend?
This event is relevant to all representatives of financial institutions involved in sanctions policy and compliance including banks, insurers and reinsurers, brokers, fund managers etc; all board members, general counsels and compliance officers with responsibility for compliance; internal auditors and other legal professionals.
Monday 15 June 2015
9.30am – Registration
10am – Seminar
Noon – Networking lunch
Squire Patton Boggs (UK) LLP
7 Devonshire Square
Frankie Flower +44 207 655 1359
If you would like to attend, or have colleagues who would, please register any interested parties, click here.