This practical working group gives participants the unique opportunity to benchmark their sanctions compliance and screening programs up against others in the industry, and learn how to overcome the real-world issues related to implementing an effective global program.

Speakers will lay out a roadmap of best practices for implementing compliant worldwide sanctions rules, increasing efficiency and promoting organization-wide compliance from the top down. Benchmark your compliance practices and benefit from enhanced Q & A.

Topics discussed will be:

• Tailoring internal compliance procedures to the site and country
• Implementing a global licensing strategy: Streamlining your approach to meeting local requirements and securing approvals
• Assessing risks based on your specific business activities
• Drafting a formal written compliance program for screening embargoed countries, denied parties and prohibited end-users
• Setting up a training and awareness program
• Knowing which U.S. and foreign government agencies to report to, and ways to streamline reporting processes across different jurisdictions
• Impact of the EU’s Intra Community Transfer Directive onstreamlining your licensing process
• Resolving both U.S. and international regulatory and legal conflicts with foreign requirements