Managing the Divide:

Building 'Smart' Sanctions Strategies for Financial Institutions


Overview

In 2020, sanctions are as much a fact of life for modern business as for global markets. With the ever-increasing and expanded use of targeted economic sanctions programmes in recent years, areas of uncertainty have been created for Asian financial institutions.

However, as complexity, regulatory rigour, and the inconsistent nature of global regimes continue to raise the bar for sanctions compliance, the underlying challenge remains. Given the nature of sanctions, on-going compliance remains problematic as FIs can be considered in breach as soon as an individual or entity they deal with is 'designated' and included on a sanctions list.

In this webinar, a panel of experts will explore the challenges and approaches to building an effective sanctions compliance strategy, from screening clients, ensuring accurate identification of in-scope entities and related activities, to dealing with rapidly evolving and fragmented sanctions regimes.

In this webinar we examine:

  • The regulatory drivers and other mechanics driving sanctions procedures
  • Approaches to managing jurisdictional fragmentation across sanction obligations
  • Key pillars of building a 'Smart' Sanctions Strategy
  • The importance of data management and API connections in enhancing compliance and accuracy of screening activities
  • Analysing sanctions at the securities level
  • The benefits that a real-time, sanctions screening can deliver to financial institutions

Who Should Attend

Compliance, operations, regulatory, risk management professionals at banks, securities firms and wealth & asset managers.

Webinar Registration

This webinar took place on 19 February 2020
Register below if you'd like to see the recording.

For enquiries please email us here.

Speakers

Brad Maclean
Co-founder
Regulation Asia

Oliver Bodmer
Senior Product Manager
SIX

Michael Hammond
Former CEO
Gazprombank Financial Services

Nicholas Turner
Of Counsel
Steptoe & Johnson