Schedule subject to change
8:30 – 9:00 Registration & Check-In
9:00 – 9:30 Welcome & Introductions
9:30 – 10:00 The Prof. James E. Byrne Memorial Keynote Address
10:00 – 10:10 Coffee & Networking Break
10:10 – 10:55 Complying with Sanctions Regimes as a Foreign Financial Institution
Hear from our experts to learn more of how non-US FIs (or FFIs) are to be monitored for potential sanctions evasions. This panel will discuss the EO and other US and global guidance best practices.
10:55 – 11:05 Coffee & Networking Break
11:05 – 11:50 Sanctions Evasions – How Vessels are Evading, and how can FIs prevent it?
Every day we read about some new sanctions evasion method being used to evade the global sanctions regimes. Learn evasion techniques, and how your FI can monitor for it.
11:50 – 12:00 Coffee & Networking Break
12:00 – 12:30 If I Had a Nickel for Every FinCrime . . . I’d Still Need to Launder it
Fraud and money laundering go hand in hand. Listen as our panelists discuss the tools and leading practices for your team to spot these ill-gotten gains. Topics to include AML / CFT requirements and controls, and price checking of goods.
12:30 – 13:30 Networking Luncheon
13:30 – 14:15 Hot Topics for 2024 and Beyond
The world of Trade Based Financial Crime is an ever-changing landscape with the criminals always trying to stay one step ahead of financial institutions. The panel will discuss 2024 hot topics.
14:15 – 14:30 Coffee & Networking Break
14:30 – 15:00 Export Controls: HS Codes and Dual Use Goods
The US FinCEN and BIS published list of “High Priority Goods” late in 2023 relating to the Russian invasion of the Ukraine highlight the need for FIs to dig into transactions to monitor for certain goods. This panel will discuss best practices for compliance.
15:00 – 15:15 Networking Break
15:15 – 16:00 Living with “Perpetual Risk” when your Systems were built for “Reactive” or “Occasional” Risk
Bank systems are built to process trade transactions and approve payments. Until 6 or 7 years ago, systems were programmed to identify the occasional risk. But with Russia’s invasion of Ukraine, systems had to change overnight. Now, we are in a state of perpetual risk identification, and the panelists will discuss learnings of the past two years, plus recommendations for managing perpetual risk.
16:00 – 16:15 Coffee & Networking Break
16:15 – 16:50 The Future of Trade Compliance
Interactive panel discussion with the audience on how they view the evolution of sanctions and compliance list screening at FIs from manual to predictive using AI and other technologies.
