The Digital Source For China's Tech Innovation Since 2000

Search
Close

Minimise U.S. Sanctions Enforcement Risks in the Asia Pacific

April 27, 2009
Press Releases

Hong Kong, China (April 27, 2009) /ChinaNewswire.com/ — US Department of Treasury's Director of the Office of Foreign Assets Control will deliver the Keynote address at American Conference Institute's Asia Forum on Economic Sanctions & OFAC Compliance June 18-19, 2009 Island Shangri-La Hong Kong

Adam J. Szubin, Director of OFAC will speak on OFAC's new enforcement guidelines, Priorities and Targets.

Amid the staggering £231 MILLION LLOYDS TSB PENALTY, U.S. sanctions authorities are increasingly willing to slap harsh penalties against a foreign entity–no matter where the entity is located in the world.

As U.S. authorities increase their international sanctions enforcement efforts, financial institutions and exporters in the Asia Pacific now face unprecedented risk.

OFAC, industry and private practice speakers will provide you with best practices for developing an effective screening and sanctions compliance program. Topics will include:

– What the extraterritorial reach of US Sanctions means for entities in the Asia Pacific
– Lessons learned from the Lloyds TSB penalty: OFAC's compliance expectations for US and non-US entities
– Implementing a robust screening program: Resolving transliteration challenges and integrating all restricted parties
– Conducting due diligence for international transactions and underwritings
– Developing a risk-based sanctions compliance program from the ground up
– EU and UN updates, and how to reconcile potential conflicts with US sanctions

Register now by calling +44 (0) 20 7878 6888 outside the US or 1-888-224-2480 in the US; faxing your registration form to +44 (0) 20 7878 6896 outside the US or 1-877-927-1563 in the US; or registering online at www.C5-Online.com/SanctionsAsia or www.AmericanConference.com/SanctionsAsia

Tags: ASIA | Asia Pacific | China | Economy | finance | financial | forum | Hong Kong | international | KONG | Office | online | Pacific | registration | Sanctions | Shangri-La | U.S. | UN | United Nations

Other Related News:

Chunghwa Telecom Will Add 6,500 Wi-Fi Hot Spots In Hong Kong

October 10, 2012

Autoliv Opens Electronics Plant In China

April 26, 2006

Nokia Formally Puts Mobile Phone Payment Into Commercial Use In China

August 2, 2007

Texas relishing Bitcoin-China fallout;

October 15, 2021

China orders Tencent to give up exclusive music rights. Tencent Music down as much as 20% in US premarket trading. David Ingles

July 28, 2021

China Telecom up nearly 20pct in Shanghai debut

August 23, 2021

ROK Entertainment Signs Agreement With Beijing Fone Net

January 31, 2008

Taiwan police arrest 14 suspects for scamming over 100 crypto investors

September 8, 2021

WHAT THE PUCK? China Ambassador Appears on Jumbotron At Washington Capitals Game…China-Controlled Propaganda Network Gives Plush Toys To Fans…Capitals Mascot Tossed Chinese Souvenirs Into Crowd

January 15, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....