13th Annual Forum on AML & OFAC Compliance for the Insurance Industry - DS

Earn CLE CREDITS

Connect with your peers IN-PERSON

13th Annual Forum on

AML & OFAC COMPLIANCE for the Insurance Industry January 24–25, 2023 (IN-PERSON AND LIVESTREAM) The Westin New York Grand Central | New York, NY Staying Ahead of the Fast-Evolving AML & Economic Sanctions Landscape

PROGRAM HIGHLIGHTS FOR 2023 ç Complying with Russia Sanctions Unraveling the Unprecedented Russia Sanctions and Adapting to the Rules in a Rapidly Changing Environment

ç Preparing for a Successful AML Compliance Audit Best Practices for Preparing Your AML Compliance Audit and Costly Mistakes to Avoid

Gallagher

Aegon

Generali

Aspen Insurance Group

Liberty Mutual Insurance

Gard (North America) Inc.

MassMutual

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KEYNOTE SPEAKER Deborah Connor Partner, Litigation Department Morrison Foerster Former Chief, Money Laundering and Asset Recovery Section; Former Principal Deputy Chief, Money Laundering Asset Recovery Section U.S. Department of Justice

2023 Conference Co-Chairs ç Ransomware & Cyber Incidents Navigating the Sanctions & AML Implications of Ransomware & Cyber Attacks in 2023

ç Strengthening Your Culture of Compliance Practical Tips for Bolstering a Culture of Compliance Across the Organization

Benchmark with Senior Executives: AIG

The Must-Attend Gathering of the Year for Compliance Leaders in the Insurance Industry

Oxford Life Insurance Company

Swiss Re

SCOR

Zurich Insurance Company

Scotiabank

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Scott Horton Associate General Counsel, Global Head of Financial Crimes AIG Ben Omorogbe Vice President and Group General Counsel Travelers EXHIBITION SPONSOR

Travelers

Part of C5 Group’s ECONOMIC SANCTIONS GLOBAL SERIES

This year marks the 13th anniversary of ACI’s leading AML and Sanctions event for the insurance industry, where executives attend to network, learn, and benchmark alongside industry peers.

AGENDA AT A GLANCE | January 24–25, 2023 DAY 1: Tuesday, January 24, 2023 | 8:00 am–5:00 pm

DAY 2: Wednesday, January 25, 2023 | 8:00 am–11:45 am

8:00

8:00

Networking Breakfast and Registration

Women in Sanctions Breakfast

9:00

Opening Remarks from the Co-Chairs

9:00

Opening Remarks from the Co-Chairs

9:05

Opening Keynote Address 9:30

Networking Breakfast and Registration

9:05

GLOBAL PERSPECTIVES PANEL

Exploring Top AML and Sanctions Risks and Trends through a Global Lens

COMPLYING WITH RUSSIA SANCTIONS

Unraveling the Unprecedented Russia Sanctions and Adapting to the Rules in a Rapidly Changing Environment

9:55

Networking Break

10:15

TOP 5 AML ISSUES

10:40

Networking Break

Tackling the Top 5 AML Issues Impacting the Insurance Industry in 2023

11:00

MARITIME SANCTIONS COMPLIANCE

11:15

Identifying the Top Loss Trends with AML/OFAC Risk Challenges for the Maritime Sector in 2023, and Implications for the Insurance Market

PREPARING FOR YOUR AML COMPLIANCE AUDIT

Costly Mistakes to Avoid When Preparing for Your AML Compliance Audit 11:45

12:00

Networking Luncheon

1:15

RANSOMWARE THREATS TO THE INSURANCE INDUSTRY

Closing Remarks and Conference Adjourns

Navigating the Sanctions & AML Implications of Ransomware & Cyber Attacks in 2023 2:00

SECTOR-SPECIFIC ROUNDTABLES

roperty & Casualty A P Insurance Focus

B Maritime Insurance Focus

3:00

Networking Break

3:15

STRENGTHENING YOUR CULTURE OF COMPLIANCE

C Life Insurance Focus

Learn more about our Women in Sanctions (WSN) Membership. Please see page 8 for details.

WOMEN IN SANCTIONS NETWORK

Don’t miss out on our Member calls, virtual meet-ups and in-person events For more information go to womensanctionsnetwork.com

Practical Tips for Bolstering a Culture of Compliance Across the Organization 4:15

GOVERNMENT ALUMNI INSIGHTS PANEL

Former Government Officials Discuss Insights into the Evolving Regulatory Landscape for the Insurance Industry 5:00

Closing Remarks and Day 1 Concludes

2 | #AMLandOFAC

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SPEAKING FACULTY Co-Chairs: Scott Horton Associate General Counsel, Global Head of Financial Crimes AIG Ben Omorogbe Vice President and Group General Counsel Travelers

Keynote Speaker: Deborah Connor Partner, Litigation Department Morrison Foerster Former Chief, Money Laundering and Asset Recovery Section; Former Principal Deputy Chief, Money Laundering Asset Recovery Section U.S. Department of Justice

Speakers: Jesse Aedo Group Head of Compliance Aspen Insurance Group David J. Brummond Of Counsel Jacobson Burton Kelley Former Senior Sanctions Advisor, Office of Foreign Assets Control (OFAC)

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Terrific conference – learned useful updated information, heard very knowledgeable speakers, enjoyed good networking opportunities.

Prudential Financial

Sandra Calmes AVP & Senior Corporate Counsel, Global Compliance and Global Financial Crimes Liberty Mutual Insurance Evanthia Coffee Senior Lawyer Gard (North America) Inc. Luis Duarte de Jesus U.S. Anti-Financial Crimes (OFAC/Sanctions) Generali Aleksandar Dukic Partner Hogan Lovells Deborah Hirschorn Managing Director, US Cyber & Technology Claims Leader Lockton Companies Andrew Jensen Managing Director and Global Head, Sanctions and Screening Scotiabank Former Assistant Director of Global Affairs, Middle East/ North Africa U.S. Department of Treasury John Keough Partner Clyde & Co Satish M. Kini Partner Debevoise & Plimpton

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Matthew Klein, JD, CAMS BSA/AML Compliance Officer Oxford Life Insurance Company Susan Leddy (WSN Founding Member) Senior Legal Counsel Swiss Re Sharon Cohen Levin Partner Sullivan & Cromwell LLP Former Chief, Money Laundering & Asset Forfeiture Unit U.S. Attorney’s Office for the Southern District of New York Alexander MacLean Global Head of Compliance and Chief Compliance Officer Aegon Jeanine McGuinness Partner Orrick, Herrington & Sutcliffe LLP Kelvin Miller Senior Counsel, Legal Shared Services, Economic & Trade Sanctions Travelers Sharon Nobbel Senior Legal Counsel and APAC Compliance Officer SCOR

Kelly Pirrotta, CAMS Head of Anti-Money Laundering, Economic Sanctions, and Senior Financial Exploitation Compliance MassMutual Livio Russo Group Ethics Officer Generali Damian Sepanik Chief Compliance Officer Zurich Insurance Company Stephen Shine Principal - Co-Chair Securities Regulatory Practice Group Bressler, Amery & Ross Former Trial Attorney, Criminal Division - Fraud Section U.S. Department of Justice James D. Slear Partner Thompson Coburn LLP Isabella Stengele, CAMS Global AML/Sanctions Project Leader – Legal, Compliance Gallagher Tahlia Townsend Partner Wiggin & Dana LLP Inna Tsimerman (WSN Founding Member) Chief International Trade Counsel Gallagher

Part of C5 Group’s ECONOMIC SANCTIONS GLOBAL SERIES

DAY 1 Tuesday, January 24, 2023

10:40

Networking Break

11:00

MARITIME SANCTIONS COMPLIANCE

Identifying the Top Loss Trends with AML/OFAC Risk Challenges for the Maritime Sector in 2023, and Implications for the Insurance Market microphone-alt Evanthia Coffee, Senior Lawyer, Gard (North America) Inc.

8:00

Networking Breakfast and Registration

Aleksander Dukic, Partner, Hogan Lovells

9:00

Opening Remarks from the Co-Chairs microphone-alt Scott Horton, Associate General Counsel, Global Head of Financial Crimes, AIG Ben Omorogbe, Vice President and Group General Counsel, Travelers

Moderator: John Keough, Partner, Clyde & Co As maritime insurance businesses labor to navigate a maze of varying international enforcements, compliance experts find themselves under an increasingly intense demand to adjust to the rapidly evolving compliance restrictions related to new and evolving maritime sanctions. During this panel, we will explore: • How multinational companies are addressing top maritime sanctions compliance

9:05

Opening Keynote Address microphone-alt Deborah Connor, Partner, Litigation Department, Morrison Foerster Former Chief, Money Laundering and Asset Recovery Section; Former Principal Deputy Chief, Money Laundering Asset Recovery Section U.S. Department of Justice 9:30

COMPLYING WITH RUSSIA SANCTIONS

Unraveling the Unprecedented Russia Sanctions and Adapting to the Rules in a Rapidly Changing Environment microphone-alt Sandra Calmes, AVP & Senior Corporate Counsel, Global Compliance and Global Financial Crimes, Liberty Mutual Insurance

• Preliminary guidance from OFAC on implementation of maritime services policy ban • Clarity on the international regulatory standards governing maritime insurance • Chartering, sub-chartering and cargo fixtures/reporting and STS tanker operations 12:00

Networking Luncheon

1:15

RANSOMWARE THREATS TO THE INSURANCE INDUSTRY

Navigating the Sanctions & AML Implications of Ransomware & Cyber Attacks in 2023 microphone-alt Deborah Hirschorn, Managing Director, US Cyber & Technology Claims Leader, Lockton Companies Jeanine McGuinness, Partner, Orrick, Herrington & Sutcliffe LLP

James D. Slear, Partner, Thompson Coburn LLP

• FinCEN’s and OFAC’s ransomware advisories

Inna Tsimerman, Chief International Trade Counsel, Gallagher

• The role of cryptocurrency exchanges being used to facilitate ransomware payments

Moderator: Tahlia Townsend, Partner, Wiggin and Dana LLP

• The reimbursement of the ransom payment, and negotiating with threat actors • The anatomy of a ransomware claim

On the heels of Russia’s invasion into the Ukraine, Western sanctions against Russia are some of the most complex economic punishments doled out by the U.S., the EU, and the UK. During our opening panel discussion, we will unravel the complexity of sanctions against Russia and the related implications for the insurance industry. Discussion points include: • An overview of updates on new UK, EU, and U.S. Sanctions on Russia • Complying with the G7 Price Cap on Russian crude oil and petroleum products • Assessing the unprecedented challenges in applying measures against Russia • Examining the U.S. Economic Sanctions program and insurance coverage implications

4 | #AMLandOFAC

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2:00

SECTOR-SPECIFIC ROUNDTABLES

A Property & Casualty Insurance Focus microphone-alt Ben Omorogbe, Vice President and Group General Counsel, Travelers

B Maritime Insurance Focus

4:15

Former Government Officials Discuss Insights into the Evolving Regulatory Landscape for the Insurance Industry microphone-alt David J. Brummond, Of Counsel, Jacobson Burton Kelley PLLC, Former Senior Sanctions Advisor, OFAC

microphone-alt Evanthia Coffee, Senior Lawyer, Gard (North America) Inc.

Sharon Cohen Levin, Partner, Sullivan & Cromwell LLP Former Chief, Money Laundering & Asset Forfeiture Unit U.S. Attorney’s Office for the Southern District of New York

C Life Insurance Focus

Moderator: Stephen Shine, Principal - Co-Chair Securities Regulatory Practice Group, Bressler, Amery & Ross, Former Trial Attorney, Criminal Division - Fraud Section, U.S. Department of Justice

microphone-alt Kelly Pirrotta, CAMS, Head of Anti-Money Laundering, Economic Sanctions, and Senior Financial Exploitation Compliance, MassMutual During these sector-specific roundtables, convene to address key topics that are currently top of mind for your industry peers. Walk away with insights and solutions to some of your pressing challenges and learn about industry pain points and the path forward.

GOVERNMENT ALUMNI INSIGHTS PANEL

During this panel session, former government officials provide unique insight on the evolution of enforcement and penalty risks for the insurance industry. Join this panel discussion for insight into anticipated trends moving forward and critical takeaways for meeting regulators’ expectations.

3:00

Networking Break

5:00

3:15

STRENGTHENING YOUR CULTURE OF COMPLIANCE

Closing Remarks and Day 1 Concludes

Practical Tips for Bolstering a Culture of Compliance Across the Organization microphone-alt Jesse Aedo, Group Head of Compliance, Aspen Insurance Group Kelvin Miller, Senior Counsel, Legal Shared Services, Economic & Trade Sanctions, Travelers Sharon Nobbel, Senior Legal Counsel and APAC Compliance Officer, SCOR Isabella Stengele, CAMS, Global AML/Sanctions Project Leader – Legal, Compliance, Gallagher Moderator: Damian Sepanik, Chief Compliance Officer, Zurich North America The message in 2023 is clear: create, maintain, and improve your sanctions compliance program or risk steep enforcement actions. During this panel, we will explore the opportunities and barriers to strengthening a culture of compliance, including implementing the core elements of compliance and top mistakes to avoid for sanctions compliance programs. Discussion points include:

Very good experience learning how other companies structure their companies AML plans.

Ohio National Financial Services

• Practical operational takeaways for incorporating sanctions screening into the business as usual • Implementing the core elements of compliance into your sanctions program • Creating a culture of compliance, starting at the top of the organization • Integrating your compliance program into your organization’s existing workflow • How to get buy in from compliance measures

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Part of C5 Group’s ECONOMIC SANCTIONS GLOBAL SERIES

9:55

Networking Break

10:15

TOP 5 AML ISSUES

Tackling the Top 5 AML Issues Impacting the Insurance Industry in 2023

DAY 2 Wednesday, January 25, 2023 8:00

Networking Breakfast and Registration

Women in Sanctions (WSN) Networking Breakfast — (Open to All) 9:00

Opening Remarks from the Co-Chairs microphone-alt Scott Horton, Associate General Counsel, Global Head of Financial Crimes, AIG Ben Omorogbe, Vice President and Group General Counsel, Travelers 9:05

GLOBAL PERSPECTIVES PANEL

Exploring Top AML and Sanctions Risks and Trends through a Global Lens microphone-alt Susan Leddy, Senior Legal Counsel, Swiss Re Alexander MacLean, Global Head of Compliance and Chief Compliance Officer, Aegon Livio Russo, Group Ethics Officer, Generali Moderator: Scott Horton, Associate General Counsel, Global Head of Financial Crimes, AIG During this highly anticipated international panel, join compliance thought leaders from leading insurance companies for insights into the top global challenges facing insurance companies in 2023.

microphone-alt Luis Duarte de Jesus, U.S. Anti-Financial Crimes (OFAC/Sanctions), Generali Andrew Jensen, Managing Director and Global Head, Sanctions and Screening, Scotiabank, Former Assistant Director of Global Affairs, Middle East/North Africa, U.S. Department of Treasury Moderator: Satish M. Kini, Partner, Debevoise & Plimpton In 2023, insurers face the growing challenge of balancing the ever-growing list of high-priority areas for governing agencies, including a focus on AML. During this panel, we will address the top 5 AML issues impacting this insurance industry in 2023, including: • Preparing for the Beneficial Ownership Registry Rule – what it covers and what it doesn’t; how FinCEN is going to interpret new legislation • KYC and CDD as highlighted by all of the sanctions work • Launching Enhanced Due Diligence • Aligning departments across the organization • Having a solid and AML sanctions program – from people to processes to data 11:15

PREPARING FOR YOUR AML COMPLIANCE AUDIT

Costly Mistakes to Avoid When Preparing for Your AML Compliance Audit microphone-alt Matthew Klein, JD, CAMS, BSA/AML Compliance Officer, Oxford Life Insurance Company During this audit-focused panel, explore best practices for preparing for an upcoming AML audit.

We will explore the key areas you need to address when preparing for an AML audit, and what you should do right after one is completed to avoid costly mistakes and to remain transparent and compliant. Discussion points include: • Identifying challenges and remediation plans with your auditor • Adding value to your audit report and the full audit process • Maintaining transparency through key documentation • Avoiding costly mistakes most organizations make while preparing for an audit 11:45

Closing Remarks & Conference Concludes

6 | #AMLandOFAC

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UPCOMING EVENTS

March 7–30, 2023 | Virtual Series

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Don’t miss the opportunity to maximize participation or showcase your organization’s services and talent. For more information please contact us at: SponsorInfo@AmericanConference.com

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April 25–26, 2023 | Washington, DC

Continuing Legal Education Credits EARN CLE Accreditation will be sought in those jurisdictions requested by the CREDITS

registrants which have continuing education requirements. This course is identified as nontransitional for the purposes of CLE accreditation.

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Part of C5 Group’s ECONOMIC SANCTIONS GLOBAL SERIES

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For Women In-House Legal and Compliance Professionals Looking to Increase Their Network WOMEN IN SANCTIONS NETWORK

The Women in Sanctions Network (WSN) is a global community of like-minded women working in economic sanctions. The WSN is committed to promoting diversity across the profession, creating worthwhile networking and educational programs, and updating members on employment and advancement opportunities Join our Women in Economic Sanctions Membership: womensanctionsnetwork.com

VENUE INFORMATION

American Conference Institute is pleased to offer our delegates a limited number of hotel rooms at a negotiated rate. To take advantage of these rates, please contact the hotel directly and quote “ACI’s AML & OFAC”.

The Westin New York Grand Central

Address: 212 East 42nd Street, New York, NY, 10017 Reservations: 1 (800) 937-8461 or (212) 490-8900

Please note that the guest room block cut-off date is January 9, 2023. After that date OR when the room block fills, guestroom availability and rate can no longer be guaranteed.

Yanette Ching, American Conference Institute

Looking to Register?

Contact our Customer Service Representatives:

Brian Currie, American Conference Institute

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Y.Ching@AmericanConference.com

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B.Currie@AmericanConference.com

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Use Registration Code: B00-999-YCG23

Use Registration Code: B00-999-BCE23 standard pricing

PRICING

Register & Pay by November 18, 2022

Register & Pay by December 16, 2022

Register & Pay after December 16, 2022

Conference Only (In-Person)

$2,095

$2,195

$2,295

Conference Only (Livestream)

$1,895

$1,995

$2,095

Women in Sanctions (WSN) One Year Membership

$495

All program participants will receive an online link to access the conference materials as part of their registration fee.

Additional copies of the Conference Materials available for $199 per copy.

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CONFERENCE CODE:

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You can also engage with other attendees directly. Find a person in the attendee list to send a message and/or an invitation to a video chat.

The Livestream area contains the majority of the conference programming and networking events.

CHEVRON-DOUBLE-RIGHT Attend live sessions, ask questions, comment in the chat function, and take part in live polling.

Emma McAdam VP, Government Affairs

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The 1:1 Networking is a fast-paced opportunity to meet new people and expand your professional network.

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Enter this area to be paired up at random with other attendees for a quick video meet-up.

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CO-CHAIRS:

Patricia Harden Head of Sanctions

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Miyuki Johnson VP, Manufacturing

Plan to visit the Expo often. It will be open before, during, and after the conference.

Scott Horton Associate General Counsel, Global Head of Financial Crimes AIG

Use this opportunity to explore new products and services from leading providers, and meet with new and existing partners over video chat.

Ben Omorogbe Vice President and Group General Counsel Travelers

Turn your camera on

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Make Connections Join scheduled “1:1 Networking” sessions. They are an interactive way to expand your network of peers.

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Engage with solution providers of all kinds by visiting the “Expo” to watch videos and live demonstrations, and for face-to-face conversations.

Use the “People” tab to create new relationships and strengthen existing ones within your industry.

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