Applicability of U.S. Sanctions Law
Date: Friday, April 24, 2020
Time: 11:30 AM – 12:00 PM EST
04:30 PM – 05:00 PM London
05:30 PM – 06:00 PM Amsterdam
Duration: 30 minutes
Speaker: Megan Brooks, Erich Ferrari, and Todd Maddison
Moderator: Saskia Rietbroek, Executive Director ACSS
It is sometimes hard to know in which scenarios U.S. sanctions laws apply. Foreign companies have learned the hard way how long Uncle Sam’s reach is. In this interactive session, we will go through some examples such as:
– A Greek vessel with a all European crew, sailing through U.S. waters
– U.S. loan company providing a loan to a U.S. soldier stationed in Guantanamo Bay
– A Singapore company sending payment in Singapore currency to a French bank
– A Spanish board member of a U.S. headquartered company signing a contract with a U.S. sanctioned person.
– London subsidiary of U.S. bank receiving a wire transfer in Swiss Francs from a Dominican bank.
Participate in the discussion by unmuting your phone: ask questions or provide answers!
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Managing Director, Financial Crimes Risk Management Strategy, Schwab
With over 20 years in the financial services industry, Megan Brooks has spent the last 10 years at Schwab focused solely on financial crimes risk to include overseeing the Fraud Investigations and OFAC & Global Sanctions units, respectively. Megan currently leads the Financial Crimes Strategy team and plays a key role in helping the Firm identify and understand its financial crime risks.
Sanctions Manager, Rabobank
Todd Maddison has been at Rabobank since 2018 and is the New York City-based Sanctions Manager for a St. Louis based team of analysts that conduct the Sanctions and PEP screening for Rabobank’s Wholesale and Agrifinance businesses. Todd and his team also provide sanctions advice and guidance for all of Rabobank’s US businesses. Todd has worked in banking and brokerage for 26 years and before Rabobank, Todd held AML roles at HSBC, UBS and front office and Compliance roles at Dreyfus mutual funds and JP Morgan Chase. Todd has a BA in History from the State University of NY at Oneonta, FINRA Series 6,7,24,63 and 79 licenses, and holds the CAMS, CFCS and CSS certifications. Todd lives in Long Island with his wife and teenage son.