The Global Maritime Shipping Sanctions Advisory – Compliance Implications for Greek Banks and Their Customers
On May 15, 2020, the U.S. Department of State, Department of Treasury’s Office of Foreign Assets Control (OFAC) and the Coast Guard issued a sanctions advisory for the maritime industry with new compliance expectations and guidance to counter illicit shipping and sanctions evasion. Are you ready?
In this program, Saskia Rietbroek, CSS, Founder of the Association of Certified Sanctions Specialists (ACSS) will explain the measures to be adopted by maritime insurance companies; flag registry managers; port state control authorities; shipping industry associations; financial institutions; ship owners, operators, and charterers; classification societies; vessel captains; crewing companies; and commodity trading, supplier, and brokering companies.
Financial institutions who maintain accounts for these industries are also recommended to take new measures to mitigate the risk of sanctions violations.
We will provide lessons from real life enforcement actions against the maritime shipping industry and five pillars of a sound sanctions compliance program according to the OFAC Framework for Compliance Commitments.
Don’t miss this presentation if you wish to protect yourself and your company from hefty penalties for non-compliance, assets freezes, or risk of losing your correspondent account with US and other European banks.
Session will also provide information on the Association of Certified Sanctions Specialists and its Certification Program “Certified Sanctions Specialist”.
There will be time for Q&A and you can also send your questions in advance.
About Association of Certiﬁed Sanctions Specialists (ACSS)
The Association of Certiﬁed Sanctions Specialists (ACSS) is a professional membership body for sanctions professionals worldwide. It was formed to advance sanctions compliance by supporting the professional development of the individuals who lead those eﬀorts. Visit www.sanctionsassociation.org for information about membership and certification.
Duration: 45 minutes
Speaker: Saskia Rietbroek, CSS
Date: Thursday, June 18, 2020
Time: 16:00 – 16:45 Athens Time
Speaker: Saskia Rietbroek, CSS
Saskia is a Certiﬁed Anti-Money Laundering Specialist and an industry leader in anti-money laundering (AML) and related ﬁnancial crime topics. Saskia has over 15 years of AML experience in the U.S., Latin America and Europe. Her global footprint enables Saskia to apply valuable expertise and insight into international training and ﬁnancial crime compliance projects. Saskia was the founding executive director of the Association of Certiﬁed Anti-Money Laundering Specialists (ACAMS). She is also a partner at SanctionsAlert and AML Services International, a multi-media training company in the anti-money laundering (AML) and counter terrorist ﬁnancing (CTF) ﬁelds. Saskia spearheaded ACAMS as its founding executive director from October 2001 to December 2005. Under her leadership, ACAMS grew from zero to 3,500 members from 101 countries, and developed the Certiﬁed Anti-Money Laundering Specialists Program (CAMS), which has become the de facto AML credential in the ﬁnancial services industry worldwide. She is a frequent speaker in English, Spanish and Dutch on a variety of ﬁnancial crime topics. She earned law degrees from Leiden University (Netherlands) and Universidad La Católica (Lima, Peru), and was admitted to the Lima Bar Association. She also holds an international MBA from Florida International University. She speaks ﬂuent Dutch, English and Spanish, as well as basic German.
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