3rd Annual Sanctions Conference
October 17-18, 2019
New York City
ENHANCE Your Career
PROTECT Your Organization
Promote Your PROFESSIONALISM
ACSS Mission Statement
To advance the professional knowledge, skills and experience of those dedicated to economic and trade sanctions, the development of sound sanctions policies and procedures and compliance with all relevant laws, rules and regulations through networking, information sharing, continuing professional education programs and an elite certification process.
Upcoming Webinars You Should Not Miss
- February 28, 2019
Voluntary Self-Disclosures to OFAC: Best Practices and What Can Possibly Go Wrong
- March 14, 2019
Freight Forwarders and the Like: How to Limit the Risks Posed by Third-Party-Managed Compliance
- April 11, 2019
EU Sanctions – Quarterly Update
- May 09, 2019
Creating an OFAC Risk Assessment Any Regulator or Auditor Will Love
Next course starts in April 2019!
OFAC Essentials Certificate Program
In order to meet the need for more in-depth training on OFAC Essentials and mitigate the risk of costly OFAC violations, we have developed an online sanctions training program, which teaches vital OFAC principles and background all OFAC sanctions compliance staff should understand.
Welcome Charter ACSS Members!
Joint Deputy Head of OFSI & Head of Enforcement
Office of Financial Sanctions Implementation
Sanctions Compliance Director
Professional Services Director
LexisNexis Risk Solutions
Director, Compliance Advisory
The Mizen Group
Sanctions Manager Wholesale North America Vice Presdient
Director of Anti-Money Laundering, U.S. Sanctions and FATCA
Manager, Global Sanctions Compliance
AML Audit Manager
Sanctions Compliance Manager
Export Development Canada
Bank of China
Director, Corporate Compliance
Senior Manager, Compliance
Senior BSA/AML/OFAC Compliance Consultant
GRC Risk Solutions
Senior Legal Counsel
Export Development Canada – EDC
Sanctions Manager, Vice President
Assistant General Counsel (AGC)
Export Development Canada (EDC)
OFAC Officer & BSA Policy Manager
Crédit Agricole CIB New York
VP & Compliance Risk Manager
Bangkok Bank Public Company Limited
Senior Legal Counsel
Export Development Canada – (EDC)
Executive Director | AML Operations
Director - Global Sanctions
Deputy Head of Sanctions Compliance
BNP Paribas RCC, Inc.
Deputy Chief Compliance Officer and Global Financial Crime Officer
Global Head of Embargoes and Sanctions Compliance
Certified Sanctions Specialist Credential
ACSS Certification Program will acknowledge members’ status, qualifications, expertise and credentials in conducting compliance duties, sanctions services, consulting, investigating and other related services. It will provide Certified Members (“Certified Sanctions Specialists – CSS) with a powerful career advantage and their employers and clients the comfort of knowing that the person has met high standards of knowledge and training.
On December 20, 2018, the Office of Foreign Assets Control (OFAC) published a penalty notice and settlement agreement with Zoltek Companies, Inc., a U.S. producer of carbon fiber. OFAC found that Zoltek had violated U.S. sanctions laws due to its Hungarian subsidiary, Zoltek ZRT, having purchased inputs from a Specially Designated National (SDN) in Belarus. Zoltek agreed to pay a substantial fine of $7,772,102 and to implement various measures to ensure it would not commit future violations.
Imposition of economic sanctions by nations worldwide, led by the United States, and Non-Governmental Organizations, such as the United Nations, has grown exponentially in the last decade. This has caused compliance programs to become more challenging, difficult and expensive as they seek ways to stay abreast of fast changing rules, penalties and an environment constantly in flux.
Most compliance officers are familiar with sanctions imposed by the UN, EU, US, Canada, and other countries. These international organizations and states impose targeted financial sanctions– such as asset freezes, arms embargoes and travel bans – in order to achieve a desired outcome. A lesser known form of sanctions is one that belongs to Multilateral Development Banks (MDB) like the World Bank Group.
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