Sanctions Risks for the Insurance Industry

April 6, 2023 | 09:00 AM – 10:15 AM NYC

ACSS Webinar

CSS Credits: 1.25


75 minutes


  • Robert Walsh, Deputy Chief Compliance Officer | AXA Group
  • Andy Wragg, Global Head of Sanctions and Financial Crime | AXA XL


Alexander Witt CSS, Sanctions & Export Controls Consultant, ACSS


Thursday, April 6, 2023


  • 09:00 AM – 10:15 AM NYC
  • 02:00 PM – 03:15 PM London
  • 03:00 PM – 04:15 PM Amsterdam


This webinar focuses on sanctions developments affecting the insurance industry.

Insurance companies are subject to many of the sanctions regulations targeting countries such as Russia, Belarus and Iran.

The sanctions risk for insurers is changing rapidly, as the crimes and regulations are becoming increasingly sophisticated, leaving them as vulnerable as their counterparts in the financial sector.

This webinar will provide insurers and those who do business with them the tools to proactively identify, assess and manage their risk.

Real world case studies will demonstrate the regulatory perils and the adverse impact on business when insurers miss the hidden sanctions risks.

When you attend this webinar, you will:

  • Identifying the hidden, indirect risks in business relationships for insurers
  • What happens when your counterparties, bank, or reinsurer identifies the risks before you do?
  • Learn how your data may increase your hidden risk
  • Leveraging your systems and vendors to better control risk and explain your rationale to regulators
  • Evolving role of compliance officers in insurance

During the webinar, participants will have the opportunity to contribute questions online.

Certificate of Attendance:

All active ACSS membership will be able to download the certificate from the Learning Management System (under the achievements tab). 

Event Registration

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.

If you would like to register for the webinar
in advance, so that it is entered into your calendar.

Non Members of the Association

You must be a member in order to attend this webinar.

To learn about ACSS membership, click here.




Robert Walsh

Deputy Chief Compliance Officer
AXA Group
Bob Walsh is the Deputy Chief Compliance Officer and Global Financial Crime Officer for AXA Group. AXA provides insurance, investment management and banking in over 50 countries. His main focus is ensuring compliance with international laws on anti-money laundering, international sanctions, bribery and cross-border tax evasion.

His outside activities include:

1. Industry consultation to the Financial Action Task Force and the US Bank Secrecy Act Advisory Group

2. The Financial Crime Committee of the International Association of Insurance Supervisors

3. Chairing the Sanctions in Insurance Roundtable, comprised of most major global insurance companies

Bob started his career at an international bank, and had subsequent roles as a securities regulator, and as an executive at an innovative technology firm.

Bob has a Political Science degree from McGill University, a JD from Osgoode Hall Law School and an MBA from the Ivey School of Business. He is based in New York.

Andy Wragg

Global Head of Sanctions and Financial Crime
Andy is the Global Head of Sanctions and Financial Crime and oversees AXA XL’s compliance with all financial crime regulatory requirements across its international network. Andy leads and coordinates a financial crime compliance team based in the UK, France, and India, as well as an extended network of compliance contacts throughout AXA XL’s subsidiaries and branches around the World.

Previously, Andy led the Lloyd’s of London Financial Crime team specialising in regulatory compliance and providing sanctions and financial crime compliance oversight and guidance to the Lloyd’s Market.


Alexander Witt CSS

Sanctions & Export Controls Consultant

Alexander Witt is a Sanctions & Export Control Consultant for the Association of Certified Sanctions Specialists (ACSS). He is an expert in EU, US, and German Sanctions and Export Control Laws and Regulations. Previously Alexander worked as a Sanctions & Export Control Consultant at Full Circle Compliance and as an Export Compliance Officer at Fujifilm Europe in the Netherlands.

Customer Testimonials

“I really appreciated the detail and references on the slides, very helpful”.

Scott Kinney, CAMS

Compliance Manager Global Sanctions Group, Wells Fargo Bank, N.A.

“Great job. Very informative”.

Brianna Long

Senior Compliance Analyst Compliance and Risk Investigations and Analysis, Convera