ACSS Editorial Task Force
Seeking Sanctions Specialists with a Passion for Writing
Are you a sanctions expert who is passionate about writing?
We are seeking qualified sanctions officers from corporations, government agencies, international organizations, and financial institutions to contribute to ACSS Editorial Taskforce.
Editorial Task Force members are the collective “brain trust” in helping write ACSS editorial content, such as articles for our website –www.sanctionsassociation.org – and our newsletters.
The scope of this volunteer activity is spread throughout the year. The term of service is for one year, potentially renewable. The time commitment is manageable and spread throughout the planning process of our editorial calendar. The Task Force has quarterly conference calls of 60 minutes.
Task Force Qualifications
- Required: Currently a member of ACSS.
- Likes to write!
- Willing to submit one article of approximately 800 words per quarter
- Help recruit other members of the sanctions community to submit articles or for interviews, or “your words” section of our newsletter
Members of Editorial Task Force
|Name||Job Title||Organization||City||EdTF Member since|
|Alex Haines||Barrister||Outer Temple Chambers||London||April 2019|
|Thomas Nollner||Independent Consultant||Chicago||March 2019|
|Scott Nance||Principal||Langley Compliance Consulting||Washington, D.C.||March 2019|
|Robert Williams||Independent Consultant||New York City||May 2020|
|Daniel Martin||Partner – International Trade||HFW||London||May 2020|
|Miranda Hearn||Senior Associate||Commodity Traders||London||Sept 2020|
|Amir Fadavi Ardekani||Sanctions Specialist||BNP Paribas||Paris||Sept 2020|
Recent Articles by Editorial Task Force Members
Recent times have seen an uptick in sanctions enforcement actions, placing an onus on many compliance suites and officers to take head and build a robust sanctions compliance program.
On December 20, 2018, the Office of Foreign Assets Control (OFAC) published a penalty notice and settlement agreement with Zoltek Companies, Inc., a U.S. producer of carbon fiber. OFAC found that Zoltek had violated U.S. sanctions laws due to its Hungarian subsidiary, Zoltek ZRT, having purchased inputs from a Specially Designated National (SDN) in Belarus. Zoltek agreed to pay a substantial fine of $7,772,102 and to implement various measures to ensure it would not commit future violations.
Most compliance officers are familiar with sanctions imposed by the UN, EU, US, Canada, and other countries. These international organizations and states impose targeted financial sanctions– such as asset freezes, arms embargoes and travel bans – in order to achieve a desired outcome. A lesser known form of sanctions is one that belongs to Multilateral Development Banks (MDB) like the World Bank Group.
In order to optimize interest and improve liquidity for their clients, financial institutions frequently maintain so-called ‘pooling accounts’, in which funds from many different accounts are combined.