With the current OFAC landscape as well as the increasing risk imposed by the complexities of recent sanctions, experts from the banking industry and attorneys will discuss OFAC, including an update on recent changes to several OFAC sanctions programs as well as banking industry best practices. This is a must attend event for compliance officers, risk management professionals, attorneys, and account officers in today’s sanctions heavy environment. This panel will discuss, among other things:
- The general prohibitions imposed by sanctions enforced and administered by OFAC, including an update on recent Venezuela and Cuba-related sanctions;
- Recurring issues and best practices when effecting due diligence or evaluating whether certain transactions are subject to these sanctions;
- Risk-based, responsive measures that financial institutions may consider when implementing controls to mitigate the risks presented by these sanctions; and
- Potential impact to the sanctions landscape as a result of the Presidential elections.
Moderator:
Andres (Andy) Fernandez, Esq. – Partner Holland & Knight
Panelists:
Patricia Hernandez, Esq. – Partner Avila, Rodriguez, Hernandez, Mena & Ferri LLP
Harry Cupp – Compliance Officer Banco de Bogota, S.A., Miami Agency/NY Agency
Caroll Khabbaz – VP, International Compliance Manager Banesco, USA
Recorded on Wednesday, November 18th 2020 at 9:00am
