OFAC Compliance Update: Keeping in Line with Heightened Regulation and Avoiding Costly Economic Sanctions

February 27, 2015 9:10am

Michael Koblenz
Mound, Cotton, Wollan & Greengrass

Phillip Carson
Associate General Counsel & Director of Regulatory Policy
American Insurance Association (AIA)

Brent Kessler
Assistant Vice President Assistant General Counsel & Compliance Manager

  • What insurance and reinsurance companies must do to avoid sanctions and ensure compliance with OFAC requirements
  • Developing and implementing best practices to avoid engaging in sanctionable activity
  • How to implement risk-based OFAC monitoring practices
  • Ensuring compliance with new and emerging regulations
  • Managing conflict of law issues
  • Distinctions between how the US and Europe are applying these sanctions
  • Types of P&C insurance more likely to raise issues under OFAC