U.S. Export Controls for Financial Institutions
The alert provides a comprehensive overview of the export restrictions imposed by the US in response to Russia’s invasion of Ukraine. FinCEN and BIS also identified certain US export-controlled commodities with a higher risk of diversion to unauthorized Russian and Belarusian end users, as well as transactional and behavioral red flags that signal export control evasion activity.
In this webinar, the speakers will discuss what the Joint Alert means for Financial Institutions (FIs).
Duration: 75 minutes
Thomas Andrukonis, Managing Director | FTI Consulting
Gabriel I. Hidalgo, Managing Director | FTI Consulting
Eric Rudolph, Managing Director | FTI Consulting
Moderator: Alexander Witt, CSS, Sanctions & Export Controls Consultant, ACSS
CSS Credits: 1
Date: Thursday, October 06, 2022
Time: 10:00 AM – 11:15 AM New York (EST)
03:00 PM – 04:15 PM London (GMT)
04:00 PM – 05:15 PM Amsterdam (CET)
What you will learn:
- How important export controls are alongside sanctions for FIs.
- How to implement risk-based screening of export-related financial transactions
- How to find international trade financing mechanisms that may be used to identify suspicious activity.
- How to file useful, suspicious activity reports (“SARs”)
During the webinar, participants will have the opportunity to contribute questions online.
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Attendees who attend the live session will get a Certiﬁcate of Attendance to demonstrate training to auditors and regulators. For any assistance please
Gabriel I. Hidalgo
An attorney by experience and training, Mr. Rudolph has led, managed and participated in compliance reviews domestically and internationally (North America, Europe, Middle East, Africa and Asia); internal investigations; economic and trade sanctions, International Traffic in Arms Regulations (ITAR), and Export Administration Regulations (EAR) counseling; jurisdiction and classification analyses; and training efforts.