Russia Sanctions Update - Understanding Their Scope?
Financial & International Business Association (FIBA)
Miami, FL 33130
Financial Services Regulations attorneys Andy Fernandez and Gabriel Caballero will speak at a hybrid FIBA event titled "Russia Sanctions Update - Understanding Their Scope?" Following Russia's invasion of Ukraine, consequences in the form of sanctions have been issued at a fast and furious pace. The speakers will highlight some of the challenges the financial services industry has been experiencing in its efforts to keep up with the flurry of Executive Orders, Directives, General Licenses and FAQs.
This panel will provide:
- An overview of the Executive Orders and General Licenses
- An understanding of Office of Foreign Assets Control (OFAC), Financial Crimes Enforcement Network (FinCEN), Department of Commerce and regulatory expectations
- The potential impact on correspondent banking
- How to work these sanctions into your day-to-day Bank Secrecy Act (BSA)/OFAC Compliance Program and risk assessment