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Upcoming Webinar

Upcoming Webinar

Sanctions Update for the Commercial Insurance Industry

Sanctions Update for the Commercial Insurance Industry

Date: Thursday, July 09, 2019

Time: 10:00 AM – 11:15 AM EST | 03:00 PM – 04:15 PM London
04:00 PM – 05:15 PM Amsterdam

In recent times, insurance companies have felt the burden of increasing regulatory requirements due to their expanded purview. Though once offering only one type of service, many insurance companies now offer a number of services only previously offered by financial institutions, making them vulnerable to a plethora of new regulations and guidelines.

One of these guidelines is the recent Framework for OFAC Compliance Commitments released in May 2019, which identifies five pillars of a successful compliance program – Management; Risk Assessment; Internal Controls; Testing/Auditing; and Training.

In this ACSS webinar, join our expert speakers as they examineOFAC’s five pillars of compliance in turn, and show you how to structure a compliance program that keeps your insurance company safe and ahead of the game.

Sign up today! Tell your friends, clients, customers and colleagues about it.

SanctionsAlert webinars conduct audience polls that will give you vital benchmarking data so you can measure your anti-money laundering compliance against others.

Registered attendees will receive a Certificate of Attendance to demonstrate required AML training to auditors, and regulators.

Inna Tsimerman
Chief Privacy & International Trade Counsel,
Marsh & McLennan Companies, Inc.

Inna Tsimerman is the Chief Privacy & International Trade Counsel of Marsh & McLennan Companies, Inc., global professional services firm providing advice and solutions principally in the areas of risk, strategy and human capital through four operating companies: Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resources and related financial advice and services; and Oliver Wyman Group, a management, economic and brand consultancy. She was named to the position in November 2010.
Ms. Tsimerman provides strategic advice on a broad range of trade sanctions and other international trade law issues, and on data protection issues.

Prior to her current role, Ms. Tsimerman served as corporate counsel for Marsh ClearSight, an associate attorney at DLA Piper and at Seyfarth Shaw LLP, and an attorney in the Legal Department of CNA Insurance in Chicago. Ms. Tsimerman interned in the Legal Affairs Division of the World Trade Organization in Geneva after law school.

Ms. Tsimerman was recognized as a highly commended export and sanctions law practitioner in the 2018 WorldECR Awards. She regularly speaks on a variety of sanctions law issues at conferences in the U.S. and abroad.

Ms. Tsimerman received a Bachelor of Arts in International Relations from the University of Toronto and a Juris Doctor from the Illinois Institute of Technology, Chicago-Kent College of Law.

David Brummond
Sanctions Lawyer
Jacobson Burton Kelley PLLC

David J. Brummond is a member of the Washington, DC office of Jacobson Burton Kelley PLLC, international trade law firm. He joined the Jacobson firm in August 2017 following three years of practicing sanctions law in the Washington D.C. office of DLA Piper LLP (US).

Prior to joining DLA Piper, he served eight years as Senior Sanctions Advisor – Insurance in the Office of Foreign Assets Control (OFAC) of the US Treasury Department. In that capacity he assisted in the development of compliance policy for the insurance industry, provided subject matter expertise on insurance to the Office of Undersecretary for Terrorism and Financial Intelligence, assisted in the drafting of licenses for insurance transactions and developed recommendations for an appropriate OFAC response to sanctions violations within the insurance sector.

Before joining OFAC in 2006, he served as Legal Counsel to the Terrorism Risk Insurance Program at the Treasury Department where he helped draft regulations creating the federal terrorism risk reinsurance program. Before joining Treasury in 2003, he served in numerous capacities in the private sector insurance industry, including General Counsel to the National Fraternal Congress of America, the trade association representing fraternal benefit societies; Assistant Vice President and Assistant General Counsel for the National Association of Independent Insurers (NAII), a trade association of property/casualty insurers; and various positions on the staff of the National Association of Insurance Commissioners, including General Counsel and Acting Staff Director.

Duration:

75 minutes

Moderator:

Anna Sayre, Legal Content Writer, SanctionsAlert.com

Are you an ACSS or SanctionsAlert Member? This Webinar is included in your membership. Members do NOT need to register for this webinar to attend, but will receive complimentary log in details via email.