A New Financial World Order: Sanctions Evasion on the Rise

Sebastian Hetzler joined IMTF as a Co-CEO in December 2022 with the acquisition of the Siron business from FICO. At FICO, he has been a VP Product Management for FICO’s Compliance Solutions. Before the acquisition of TONBELLER AG in 2015 Sebastian has been the managing director of this company. With more than 15 years’ experience in the Anti-Financial Crime sector, he is one of the leading domain experts in this space. Previously, Sebastian worked in top-management consulting companies focused on strategy and organization for many years. Sebastian holds a doctorate in System Theory and Cybernetics from the University of St. Gallen, Switzerland.

Ramanathan (“Ram”) Sivabalan is a highly experienced professional with over 23 years of leadership in the Banking, Financial Services, Insurance, and Technology industries. Based in Singapore, he has held senior roles at top-tier institutions such as MUFG, Societe Generale, Future Generali, and LexisNexis® Risk Solutions, where he contributed to legal and compliance leadership, business transformation, and the integration of technology into financial crime compliance and payments solutions across Asia Pacific.

Currently, Ram serves as an adviser to family offices, investment funds, and technology companies, leveraging his extensive expertise in financial crime compliance, regulatory frameworks, governance, and operational strategy. He is also actively involved in several startups, providing guidance on governance, compliance, and market entry strategies.

A member of the Institute of Company Secretaries of India, Ram holds two degrees from the University of Mumbai and numerous professional certifications in financial crime compliance and governance. Outside of work, he enjoys volunteering with various organizations, exploring world affairs, and listening to music.

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.