The New OFAC - OFSI?: Iran Financial Sanctions, Guidance & Many More

This training program will examine the process for imposing monetary penalties for breaches of financial sanctions. It will also deconstruct the process for imposing monetary penalties for breaches of financial sanctions: consultation, operating within counter-terrorism legislation.

Why Should You Attend:

The Office of Financial Sanctions Implementation (OFSI), which is a part of HM Treasury, enables financial sanctions to make the fullest possible contribution to the UK’s foreign policy and national security goals. It also helps to maintain the integrity of and confidence in the UK financial services sector.

This webinar will offer attendees a closer perspective of the process for imposing monetary penalties for breaches of financial sanctions and the new penalties for breaching financial sanctions.

Areas Covered in the Webinar:

• The process for imposing monetary penalties for breaches of financial sanctions
• Financial sanctions: consolidated list of targets
• Financial sanctions, Iran (nuclear proliferation)
• Financial sanctions: guidance
• The process for imposing monetary penalties for breaches of financial sanctions: consultation
• New million pound penalties for breaching financial sanctions
• Counter financing of terrorism, general licenses
• Operating within counter-terrorism legislation

Who Will Benefit:

• Compliance Officers
• MLRO
• Nominated Officer
• Risk Analysts
• Senior Advisors

Shaun Miller
Director, Veritas Fincrime Consulting

Shaun Miller is an expert in financial crime technologies (AML / KYC / CDD, sanctions, fraud), his expertise acquired in Tier 1 international financial institutions. He has international experience working in AML remediation projects, external audit, and financial crime projects in global banking. He has delivered AML/ CFT training and has implemented Suspicious Activity Reporting (SAR) procedures in Ireland, UK and Sweden. He was a key player in audit/sanctions/ PEP assessment projects in Tier 1 banks in New York, UK, Hong Kong and Ireland.

Mr. Miller holds an ICA International Diploma in Anti Money Laundering, an ICA Specialist Certificate in Managing Sanctions Risk, a Postgraduate Diploma in Finance Banking and Investment Management, and is a Certified Anti-Money Laundering Specialist CAMS.

Topic Background:

The previous UK Chancellor of the Exchequer, George Osborne, said, financial sanctions are a hugely important foreign policy and national security tool. Their effective implementation and enforcement are vital to their success.

OFSI will be a centre of excellence for financial sanctions, raising awareness and providing clear guidance to promote compliance with financial sanctions, providing a professional service to the public and industry, and working closely with other parts of government to ensure that sanctions breaches are rapidly detected and effectively addressed.

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