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October 18, 2007 |
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8:00 am–8:30 am |
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Registration and Continental Breakfast |
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8:30 am–8:45 am |
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Welcome |
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Alan E. Sorcher Managing Director and Associate General Counsel Securities Industry and Financial Markets Association |
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8:45 am–9:00 am |
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Opening Remarks |
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Robert Werner Managing Director, Global Monetary and Financial Control Group and Global Bank Group Compliance Merrill Lynch |
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9:00 am – 9:30 am |
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Key Note Address |
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Adam J. Szubin Director Office of Foreign Assets Control US Department of the Treasury |
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9:30 am–10:30 am |
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Overall OFAC Compliance Program |
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Overview of OFAC’s rules and sanctions programs; OFAC’s risk based approach and enforcement guidelines; how to structure your overall compliance program and how the SEC examines firms for compliance. Also discussion of new DTCC OFAC rules. |
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Moderator:
Michelle Neufeld Compliance Director and Assistant General Counsel JP Morgan Chase & Co. Panel: Karen Buck Burgess Senior Advisor Office of Compliance Inspections and Examinations US Securities and Exchange Commission Virginia Canter Associate Director Office of Foreign Assets Control US Department of the Treasury William B. Hoffman Davis Polk & Wardwell Stevenson Munro Head of AML Compliance (Americas Region) UBS Investment Bank
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10:30 am–11:00 am |
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Refreshment Break |
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11:00 am–12:00 pm |
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OFAC Screening |
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Discussion of how firms should structure their screening programs. Focus on what account related parties are required to be screened, including when beneficiaries or authorized traders should be screened. Also discussion of roles and responsibilities among clearing and introducing broker-dealers. |
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Moderator: Michael Meyer Vice President and Global Head of Policies, Procedures and Regulatory Update Monitoring Goldman, Sachs & Co. Panel: Carl Landauer Vice President and Associate General Counsel Charles Schwab & Co. Jeffrey Horowitz Managing Director, Chief Anti-Money Laundering Officer Pershing LLC Shaswat Das Senior Sanctions Advisor - Securities Office of Foreign Assets Control US Department of the Treasury Gerard W. LiVigni Senior Compliance Officer Office of Foreign Assets Control US Department of the Treasury
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12:00 pm–1:00 pm |
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OFAC’s Application to Investment Banking and Activities Conducted Outside the U.S. |
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How firms are required to apply OFAC’s programs on activities, acquisitions and investments outside the U.S. Discussion of what firms should do when OFAC’s requirements put them in conflict with other countries’ laws. Also focus on OFAC’s licensing process. |
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Moderator: Betty Santangelo Partner Schulte Roth & Zabel LLP Panel: Emily M. Clay Chief of Special Licensing Office of Foreign Assets Control US Department of the Treasury Serena Moe Director, Forensic and Dispute Services Deloitte Financial Advisory Services LLP Meg Zucker Executive Director Global Anti-Money Laundering Group Morgan Stanley |
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1:00 pm |
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Program Concludes |
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SIFMA has been certified by the New York State Continuing Legal Education Board as an Accredited Provider of continuing legal education in the state of New York. Parts of this program have been approved for CLE credits. Fee reduction may be available for qualified registrants. |
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