Hong Kong, China (April 27, 2009) \/ChinaNewswire.com\/ — US Department of Treasury's Director of the Office of Foreign Assets Control will deliver the Keynote address at American Conference Institute's Asia Forum on Economic Sanctions & OFAC Compliance June 18-19, 2009 Island Shangri-La Hong Kong<\/p>\n
Adam J. Szubin, Director of OFAC will speak on OFAC's new enforcement guidelines, Priorities and Targets.<\/p>\n
Amid the staggering \u00a3231 MILLION LLOYDS TSB PENALTY, U.S. sanctions authorities are increasingly willing to slap harsh penalties against a foreign entity\u2013no matter where the entity is located in the world. <\/p>\n
As U.S. authorities increase their international sanctions enforcement efforts, financial institutions and exporters in the Asia Pacific now face unprecedented risk. <\/p>\n
OFAC, industry and private practice speakers will provide you with best practices for developing an effective screening and sanctions compliance program. Topics will include:<\/p>\n
– What the extraterritorial reach of US Sanctions means for entities in the Asia Pacific
\n– Lessons learned from the Lloyds TSB penalty: OFAC's compliance expectations for US and non-US entities
\n– Implementing a robust screening program: Resolving transliteration challenges and integrating all restricted parties
\n– Conducting due diligence for international transactions and underwritings
\n– Developing a risk-based sanctions compliance program from the ground up
\n– EU and UN updates, and how to reconcile potential conflicts with US sanctions<\/p>\n
Register now by calling +44 (0) 20 7878 6888 outside the US or 1-888-224-2480 in the US; faxing your registration form to +44 (0) 20 7878 6896 outside the US or 1-877-927-1563 in the US; or registering online at www.C5-Online.com\/SanctionsAsia<\/a> or www.AmericanConference.com\/SanctionsAsia<\/a> Hong Kong, China (April 27, 2009) \/ChinaNewswire.com\/ — US Department of Treasury's Director of the Office of Foreign Assets Control will deliver the Keynote address at American Conference Institute's Asia Forum on Economic Sanctions & OFAC Compliance June 18-19, 2009 Island Shangri-La Hong Kong
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