Sanctions Risks in Securities and Capital Markets
In particular, securities markets are ripe for exploitation by parties subject to OFAC sanctions regime, and sanctions risks can vary depending on the product or service offered. Financial institutions operating in securities markets as a market maker, broker or custodian often deal with various challenges that open them up to costly regulatory enforcement actions.
Our speakers will delve deeper into these challenges and what controls organizations can put in place to protect themselves.
Duration: 75 minutes
Ron E. Ziegler, Senior Director, Treliant, LLC
Gino F. Ercolino, Director, Treliant, LLC
Moderator: Natasha Bright, Reporter, ACSS
Date: Thursday, March 18, 2021
Time: 12:00 PM – 01:15 PM New York (EST)
05:00 PM – 06:15 PM London (GMT)
06:00 PM – 07:15 PM Amsterdam (CET)
Attendees will learn about:
- An overview sanctions risks in capital markets
- Challenges and controls in sanctions risk
- Interpreting directives under executive order
- What lies ahead
Members of the Association
This webinar is included in your membership and you will be sent login details by email a day before the webinar.
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Ron E. Ziegler
Ron Ziegler is a Senior Director with Treliant. He is an experienced global risk management executive with expertise in forensic investigations, employee conduct risk programs, internal audit, and derivatives/securities trading at global investment and commercial banks. As a former financial crimes investigator, auditor, and capital markets trader, Ron brings 25 years of unique financial services experience to work with clients to manage risks from a variety of angles and provide commercially effective solutions to complex matters.
Prior to joining Treliant, Ron held leadership positions at Goldman Sachs including:
- Global Head of Forensic Investigations for Global Compliance, responsible for establishing a specialized unit within Financial Crime Compliance with advanced systems for conducting forensic investigations to proactively identify risks of money laundering, terrorist financing, insider trading, market manipulation, bribery, tax evasion, and other forms of misconduct;
- Oversight of the Financial Intelligence Unit, performing holistic AML transactional reviews across a number of high-risk client populations (e.g., Politically Exposed Persons and non-US financial institutions);
- Co-Head of Audit for Fixed Income, Currency, and Commodities and Global Head of Audit for Product Control, responsible for developing and executing risk-based audit plans; and
- Co-Audit Lead for Model Risk Management, responsible for assessing compliance with the Supervisory Guidance on Model Risk Management (SR Letter 11-7), jointly issued by the Federal Reserve and Office of the Comptroller of the Currency (OCC).
Previously, Ron worked at HSBC as a Senior Manager in the Audit Group, responsible for evaluating the Global Banking and Markets control infrastructure, and as a Program Manager in the Office of the COO, implementing a new strategic operating model for the Global Banking and Markets business segment. He was also a Manager in the Fixed Income Capital Markets Audit Group at Citigroup and an Interest Rate Derivatives Trader at JP Morgan.
Ron holds an MS in Risk Management from New York University’s Leonard N. Stern School of Business and a BS in Finance from the University of Rhode Island. He is a member of the Financial Threats Council at the Intelligence and National Security Alliance (INSA).
Gino F. Ercolino
During his career as a securities regulator, Gino managed teams of attorneys, investigators, and examiners in hundreds of financial investigations. He supervised all phases of investigations, negotiations, settlements, and disciplinary hearings concerning violations of federal securities laws and self-regulatory organization (SRO) rules. Throughout his career, Gino has also provided guidance on compliance requirements and rule interpretation.
Prior to joining Treliant, Gino held senior roles at the Financial Industry Regulatory Authority (FINRA) and New York Stock Exchange (NYSE). As Enforcement Director with FINRA, he managed complex investigations involving areas such as compliance and supervision, sales practices, AML/Customer Identification Programs (CIP), fraudulent activities, advertising, email retention, data privacy, mutual funds, annuity transactions, trading practices, and financial accounting. Gino also served as FINRA Enforcement’s Liaison to State Securities Regulators, managing relationships and communications between various regulators and FINRA. Prior to that, he was Senior Counsel with FINRA and Trial Counsel with the NYSE, where he focused on complex and high-priority investigations and litigations. Gino started his career in private practice as a commercial litigator in a Boston law firm.
Gino holds a Juris Doctor, cum laude, from New England School of Law, an LLM in Banking and Financial Law from Boston University School of Law, and an undergraduate degree from Seton Hall University. He also earned a Certified Regulatory and Compliance Professional (CRCP) designation from the Aresty Institute for Executive Education at the Wharton School, University of Pennsylvania. Gino is admitted to practice law in New York, New Jersey and Massachusetts.