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Watertight Due Diligence and Compliance with Global Export Controls and Sanctions Regimes
29 September 2023
Watertight Due Diligence and Compliance with Global Export Controls and Sanctions Regimes

Many companies are tempted to believe that it should be enough to screen parties using only a third-party screening service.

But the unfortunate reality is that with the OFAC 50% rule and other sanctions positions, that position is no longer tenable. All companies must engage with the legwork of proactive screening and full comprehension of the constantly-evolving set of global sanction regimes.

Therefore, we are proud to present this deep dive with two market-leading experts, to provide you and your company with the requisite methods and understanding to avoid compliance pitfalls:

  • Simplify the complex overlapping set of global economic sanction regimes - Nancy A. Fischer, Partner, Pillsbury Winthrop Shaw Pittman LLP
  • Effective due diligence of third parties - Margriet de Smaele, Executive Master of Compliance, Fokker Services

Workshop agenda

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8:30

Registration

Margriet de Smaele

Margriet de Smaele, Director Trade Compliance, Fokker Services Group

Nancy A. Fischer, Partner, Pillsbury Winthrop Shaw Pitmann LLP

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9:00

Opening Remarks and Introductions

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9:15

Mapping the potential applicability of Global sanctions and export control regimes

Nancy A. Fischer, Partner, Pillsbury Winthrop Shaw Pitmann LLP

  • Development of a Heat Map to focus on Risk based compliance
  • Preparing questionnaires to help the business flag risk areas based on likely business opportunities
  • Leveraging relationships in countries where business opportunities likely to arise
  •  
  • clock

    10:00

    Now you know the countries of concern, what do you need to worry about?

    Nancy A. Fischer, Partner, Pillsbury Winthrop Shaw Pitmann LLP

  • Controlled Technologies – Dual use Wassenaar framework; Defense trade controls
  • Comprehensive sanctions 
  • Sectoral sanctions
  • SDN and Regime based sanctions
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    10:45

    Coffee Break

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    11:00

    Methods to use for screening and flagging risk

    Margriet de Smaele

    Margriet de Smaele, Director Trade Compliance, Fokker Services Group

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    12:15

    Closing Remarks & Questions

    Margriet de Smaele

    Margriet de Smaele, Director Trade Compliance, Fokker Services Group

    Nancy A. Fischer, Partner, Pillsbury Winthrop Shaw Pitmann LLP

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    12:30

    End of Workshop

    VENUE

    St James' Court

    Buckingham Gate, London, United Kingdom

    In a country that values understatement, St. James' Court is an English classic typifying the concealed charm of one of Britain's finest hotels. With a distinguished pedigree shaped over more than a century, this discreet masterpiece offers elegant service, with an easy charm that’s reserved, yet attentive. Exceeding the expectations of today’s discerning traveller, St. James' Court is a slice of the past served up on a contemporary platter.

    A number of our clients have been approached by third party organisations offering to book hotel rooms. We would advise that you do not book through them as they are not representing the SMi Group. SMi Group books all hotel rooms directly. If you are approached by a third party organisation then please contact us before making any bookings. If you have already booked a hotel room using a third party organisation, we would highly recommend contacting the hotel you were booked into to ensure a booking has been made for you. We would also advise you to please check the terms and conditions of the booking carefully.
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    St James' Court

    Buckingham Gate
    London SW1E 6AF
    United Kingdom

    St James' Court

    In a country that values understatement, St. James' Court is an English classic typifying the concealed charm of one of Britain's finest hotels. With a distinguished pedigree shaped over more than a century, this discreet masterpiece offers elegant service, with an easy charm that’s reserved, yet attentive. Exceeding the expectations of today’s discerning traveller, St. James' Court is a slice of the past served up on a contemporary platter.

    HOTEL BOOKING FORM

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    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SAE Media Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

    CPD Certificates

    We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@saemediagroup.com

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