Complimentary for ASCO Members
US Sanctions: Dangers Ahead for Greek Companies
Duration: 60 minutes
Speakers: Saskia Rietbroek, Executive Director, ACSS
Date: Friday, February 5, 2021
Time: 15:30 – 16:30 Athens Time
International companies are signaling growing concern about OFAC and the US sanctions laws. These laws impose restrictions on business transactions with certain targeted countries, companies and individuals anywhere in the world. These apply, of course, to U.S. companies. However they can also apply to foreign companies in certain cases, even in activities that have no connection to the US.
In this program, Saskia Rietbroek, CSS, co-founder of the Association of Certified Sanctions Specialists (ACSS) will explain how Greek financial institutions and companies can be affected by US sanctions and what compliance measures you can take to mitigate the risk of sanctions violations.
We will provide valuable compliance lessons from real life enforcement actions against foreign companies, including telecom companies, manufacturers, shipping companies and others, plus five pillars of a sound sanctions compliance program.
What you will learn:
- Extraterritorial reach: How US sanctions laws can bring trouble to a Greek company
- Red flags and risks
- Pillars of a sound OFAC/Sanctions Compliance Program
- How OFAC compliance fits into a broader Anti-Money Laundering (AML) / Know Your Customer Program
Don’t miss this presentation if you wish to protect yourself and your company from hefty penalties for non-compliance, your being assets frozen, or risk of being shut out from the US financial system.
There will be time for Q&A.
Sign up today!
Tell your friends, clients, customers and colleagues about it.
Saskia is the Executive Director and Co-Founder of the Association of Certified Sanctions Specialists (ACSS), a professional membership body for sanctions professionals worldwide. She is a Certiﬁed Sanctions Specialist (CSS) and Certified Anti-Money Laundering Specialist (CAMS) and an industry leader in ﬁnancial crime topics. Saskia has over 15 years of financial crime compliance 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. 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.
Saskia is based in the Netherlands.
About Association of Certiﬁed Sanctions Specialists
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.