New Sanctions Maritime Guidance: What the Private Sector Needs to Know
Virtual Briefing hosted by K2 Intelligence-Financial Integrity Network (K2-FIN) and Windward
Date: Tuesday, June 2, 2020
Time: 12:30–1:30 PM ET
On May 14th, the U.S. Departments of State and the Treasury and the U.S. Coast Guard released a comprehensive Global Sanctions Maritime advisory, outlining the compliance measures the U.S. Government expects financial institutions and corporations in the maritime sector to put into place to limit sanctions risk. These new expectations raise the compliance bar substantially and are relevant to financial institutions, shippers, manufacturers, commodity traders, and insurance providers.
Understanding these increased obligations will be critical to protecting companies from sanctions exposure, in a sector that U.S. Government officials have described as the “artery of sanctions evasion.”
This webinar will provide an overview of this guidance, including sanctions red flags and typologies contained in the report, as well as known deceptive shipping practices. It will also provide an explanation of the U.S. Government’s new compliance expectations for companies operating throughout the maritime sector and how to best meet these expectations.
Eric Lorber, Vice President, K2-FIN
Ron Crean, Vice President – Commercial, Windward
Juan Zarate, Global Co-managing Partner and Chief Strategy Officer, K2-FIN