Kevin Petrasic, Partner, Davis Wright Tremaine to OFAC Sanctions and Corporate Compliance
The Knowledge Group, the leading producer of regulatory focused webcasts, has announced today that Kevin Petrasic, Partner, Davis Wright Tremaine will speak at the Knowledge Group’s webcast entitled: “OFAC Sanctions and Corporate Compliance: Practical Tips and Strategies to Avoid Risks and Pitfalls LIVE Webcast.”
- (1888PressRelease) January 28, 2020 - This event is scheduled for Wednesday, February 5, 2020 from 12:00PM to 2:00PM ET.
For further details, please visit:
https://www.theknowledgegroup.org/webcasts/ofac-sanctions-and-corporate-compliance-2020/
About Kevin Petrasic
Kevin Petrasic is widely known for his work in advising leading U.S. and international financial institutions on core bank regulatory issues, critical compliance and policy matters, and risks arising from innovative financial technology. The breadth and sophistication of Kevin’s practice, his long relationships with leading US and international financial institutions, and his broad government experience--including service in senior posts with the U.S. Treasury Department’s Office of Thrift Supervision and the House Banking Committee--have equipped him to develop practical solutions informed by a deep understanding of regulators’ perspectives, priorities and constantly evolving policy objectives. Kevin’s clients have a particularly high regard for his ability to provide exceptional advice on complex and emerging issues involving both traditional and nontraditional bank charters, such as industrial loan company and special purpose national bank FinTech charters, regtech and artificial intelligence solutions for financial firms, and anti-money laundering issues and OFAC compliance.
Kevin has extensive experience in Dodd-Frank compliance, bank/thrift and holding company regulation, enforcement and transactional matters, troubled bank issues; credit card and consumer financial compliance laws, UDAAP issues, cybersecurity and data privacy/protection issues, compliance laws impacting payments systems, mergers and acquisitions, depository institution powers and activities, cross border regulation of financial firms, legislative matters and analysis, mortgage market regulation, and corporate governance.
About Davis Wright Tremaine
Davis Wright Tremaine LLP is a full-service law firm of 550 lawyers in 8 offices across the United States, including New York, San Francisco, and Washington, DC. Our integrated team of financial services, technology, privacy, and corporate lawyers takes a collaborative approach to helping financial institutions, emerging FinTechs, investors, payment processors, and other companies launch innovative products or invest in new solutions. Learn more about how we can help at www.paymentlawadvisor.com.
Abstract
In May 2019, the US Treasury Department’s Office of Foreign Assets Control (OFAC) published a framework for OFAC compliance. The core elements of the guidance are aimed at creating a tailored risk-based strategy to ensure sanctions compliance across an organization. It also outlines five components of a compliance program and it includes an appendix identifying the root causes of compliance breakdowns and deficiencies. To mitigate risks, it is imperative for companies to assess the adequacy of their OFAC compliance programs and to tailor them to target risks relevant to the business.
In this LIVE Webcast, a seasoned panel of thought leaders and professionals brought together by The Knowledge Group will present an in-depth analysis of the fundamentals as well as recent developments in OFAC sanctions. Speakers will also present compliance practices and strategies to minimize compliance issues and prevent sanctions violations from occurring. The panel will also address the impact of a designation as a Specially Designated National (“SDN”).
Key topics include:
• OFAC’s Framework for Compliance Commitments – Overview
• OFAC’s Five Components for Sanctions Compliance Programs
• Common Causes of Sanctions Compliance Program Breakdowns and Deficiencies
• Focus on Recent Enforcement Actions
• SDN Designations
• What Lies Ahead
About The Knowledge Group
The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/.
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