Minimising Risks of EU and OFAC Sanctions Violations

March 11, 2011 - PRLog -- With unprecedented global sanctions expansions initiated by the United Nations, the US and the European Union against Iran, the need for companies to fully understand the extent of their sanctions exposure has never been so critical. More organisations and new industries are feeling the pressure to comply including those involved in the energy and petrochemical and insurance industries. OFAC has demonstrated its increased enforcement priorities by levying fines stretching into the hundreds of millions of pounds against major banks and more fines are likely to follow. Prohibitions under the new US and EU regulations against exporting certain goods and completing financial transactions with Iranian entities now means that any operation in any industry can be affected by these sanctions regimes.
Implementing an effective risk-based sanctions compliance programme is your first defence in reducing the risk of foreseen and unforeseen sanctions violations.
Following the success of the London event and in response to the unparalleled compliance risks posed by these new regulations, C5 have updated the agenda for the 5th European Forum on Economic Sanctions. Join the expert panel of leading international trade and compliance executives, lawyers, investigators and top government officials from the U.S. and Europe to hear the latest best practices to help you minimise your company’s risk in an era of heightened scrutiny and enforcement. This year’s agenda will include the latest information on:

   * Accurately managing the conflicts between EU and US Sanctions regimes and their differing effects on international business
   * EU objectives and national regulators’ implementation of licensing requirements, their expectations for compliance and enforcement for non-compliance
   * Developing and maintaining effective screening programmes and processes to detect restricted parties and prohibitions
   * OFAC’s expectations for CISADA compliance by non-US entities
   * Investigating sanctions violations and how to access information and while complying with data protection and privacy laws
   * Developing and implementing a risk-based sanctions compliance programme that meets UN, US and EU requirements and prohibitions
   * Exploring best practices for safe exit strategies from Iran and other sanctioned countries

Participants will also receive CD Rom containing all presentations prepared by the speakers specifically for the conference. These are invaluable reference materials which you will use again and again, long after the conference is over.

Do not miss your best opportunity to get up to the minute sanctions advice on 9 & 10 May 2011
Seats at this unique event are sure to go quickly. Don’t delay, register today by calling +44 (0) 20 7878 6888, by faxing your registration form to +44 (0) 20 7878 6896 or online

Full information on the forum can be found at http://www.c5-online.com/regulatory_compliance/sanctions.htm

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