Revisiting the 50% Rule: Recent Updates and Best Practices - Association of Certified Sanctions Specialists

Revisiting the 50% Rule: Recent Updates and Best Practices

September 19, 2024 | 09:00 AM – 10:15 AM NYC

Sponsored by:

FREE Webinar

CSS Credits: 1.25

Duration:

75 minutes

Speakers:

  • Jenna Glass, Managing Director Export Controls & Sanctions KPMG
  • Elizabeth Shingler, Senior Manager, Export Controls & Sanctions KMPG

Moderator:

Ivy Llena, Sanctions Training Coordinator, ACSS

Date:

Thursday, September 19, 2024

Time:

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

Description:

As the use of global sanctions continues to expand, multinational companies must increasingly implement operational procedures to ensure compliance with the 50% Rule—or risk facing significant penalties.

In this webinar our expert panelist will explore the complexities of the U.S. and EU 50% Rule, covering:

What the webinar aims to cover:

  • Recent updates to the 50% Rule and their implications for global companies
  • Common challenges and pitfalls in managing these regulations
  • Best practices to help professionals prevent violations

Certificate of Attendance:

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

Event Registration

Register for this FREE webinar today! Tell your friends, clients, customers and colleagues about it.

ACSS webinars conduct audience polls that will give you vital benchmarking data so you can measure your sanctions compliance against others.

ACSS Members who attend the live session can download their Certificate of Attendance from our member-only platform.

Speakers

Jenna Glass

Managing Director
Export Controls & Sanctions

Jenna is a Managing Director in KPMG’s Trade and Customs Practice, based in Chicago, IL. She has over 18 years of experience in international trade compliance and supply chain operations. For the past 12+ years, she has focused predominantly on export controls and sanctions. She has substantial in-house experience at a renowned retail company as well as a notable U.S. technology company, where she managed a global team and was responsible for operational oversight in conjunction with developing export control-related strategies, and promulgating export control policies and procedures in U.S., EU, and APAC.

Her most recent experience was serving as a Sr. Advisor at an international trade law firm, where she counseled clients exclusively on export controls and sanctions matters.

Jenna regularly speaks on trade-related topics and organizing regional and national conferences.

Jenna advises clients on export controls and sanctions related requirements, including those in the technology, semiconductor, manufacturing, automotive, biotechnology, computing, among many others.

Jenna’s experience includes:

  • Compliance Program Development: Consulting on and implementing compliance programs, managing investigations and enforcement, and producing supporting memorandums.
  • Sanctions & Encryption Expertise: Navigating complex sanctions and encryption regulations, supporting clients with compliance, and obtaining favorable classifications.
    Risk Assessment & Mitigation: Conducting global risk assessments, identifying gaps, creating controls, and managing compliance audits to mitigate risks.
  • Export Licensing & Classification: Administering export and deemed export licensing programs, managing high-volume classification projects, and drafting strategic classification rulings.
  • Training & Government Engagement: Delivering targeted training, supporting trade automation projects, and engaging with government officials on policy and industry outreach.
    She holds a B.A. in International Studies from Colorado State University and a J.D. from Santa Clara University School of Law.

Elizabeth Shingler

Senior Manager, Export Controls & Sanctions
Elizabeth is a senior manager in KPMG’s Trade & Customs practice in the Richmond office. She has supported clients in managing complex trade matters, including identification and remediation of potential import and export compliance challenges. Further, Elizabeth has assisted multinational companies in performing anti-forced labor risk assessments, as well as identifying and implementing the optimal global trade compliance structure.Elizabeth is also the Trade & Customs knowledge leader in which she monitors and assesses the impact of regulatory changes to help clients assess the potential impact on their businesses.

Professional and industry experience:

  • Elizabeth supports clients in addressing import and export control requirements, including complex customs valuation issues, determining the appropriate controls under the EAR, ITAR and OFAC and identifying company – specific risk areas. Further, she has participated in audits required as part of Department of State Consent Agreements. Examples of Elizabeth’s experience include :
  • Conducting global import and export compliance assessments for corporate and non-profit institutions including specific risk identification and mitigation strategies;
  • Managing large scale export license applications
  • Assessing and mitigating U.S. sanctions risks
  • Auditing the implementation and effectiveness of corrective actions as part of consent agreements
  • Drafting and implementing export compliance procedures including targeted training.

Moderator

Ivy Llena

Sanctions Training Coordinator
ACSS
Ivy Llena has over 14 years of experience in the learning and development field, providing capacity-building and professional development programs for corporate and social service agencies in the US and the Philippines.

Before joining ACSS, she was a program director at a non-profit organization in the Philippines, where she co-designed and co-implemented economic empowerment programs and services for survivors of human trafficking and their families. Ivy also served at the Social Policy Institute at Washington University in St. Louis, where she led and contributed to inclusive economic growth initiatives.

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