15th annual Forum on AML & Sanctions Compliance for the Insurance Industry - DS

In-Person & Livestream

EARN CLE CREDITS

15th Annual Forum on

AML & SANCTIONS COMPLIANCE for the Insurance Industry January 22–23, 2025 New York Bar Association, New York, NY

Hear from Senior Government Officials:

What’s New for 2025: CHEVRON-RIGHT Top Sanctions Compliance Challenges: Insurers Share the Most Effective, Industry-Specific Strategies to Upgrade Programs CHEVRON-RIGHT Financial Institutions: How Banks Are Collaborating with Insurance Companies to Strengthen Due Diligence

Menno Goedman

Co-Director, Task Force KleptoCapture U.S. Department of Justice

CHEVRON-RIGHT AI for Insurance and Reinsurance: Utilizing Data to Identify Sanctions Risks and Increase Efficiency CHEVRON-RIGHT Maritime Industry: Monitoring Increased Dark Fleet and the Gray Fleet Used for Shipments to Russia, Iran and Venezuela CHEVRON-RIGHT Conflicts of Law in the Insurance Context: Resolving Dilemmas When Sanctions Restrictions Differ Across Jurisdictions

Claire Grunewald

Sanctions Compliance Officer, Office of Foreign Asset Controls U.S. Department of the Treasury

Supporting Sponsor

Associate Sponsor

REGISTER NOW

CHEVRON-RIGHT AML and Sanctions: How Insurance Companies Are Mitigating Increased Risks in Latin America and the Middle East

Connect With Leaders from: •

AIG

•

Gallagher

•

Lloyds List

•

AmTrust Financial Services

•

Gard

•

Marsh McLennan

•

BNP Paribas

•

General Reinsurance

•

Royal Bank of Canada

•

Bunge

•

Generali

•

Standard Chartered Bank

•

Clear Spring Life and Annuity Company

•

Loadsure

•

The Hartford

•

Liberty Mutual

•

Travelers Insurance

AmericanConference.com/AML-OFAC-Insurance • 888 224 2480

Part of C5 Group’s ECONOMIC SANCTIONS GLOBAL SERIES

Connect with Your Insurance Peers In-Person or Virtually

WOMEN IN SANCTIONS NETWORK

This 1½ Day Conference is the most comprehensive, practical event that is specifically tailored to insurers and reinsurers. Take advantage of this opportunity to benchmark with the industry.

CHEVRON-RIGHT Hear from Senior Government Officials CHEVRON-RIGHT Engage in 5 hours of Large and Smaller-Group Networking CHEVRON-RIGHT Discover How Vessels Are Used to Bypass Sanctions CHEVRON-RIGHT Protect Your Company from Increased Litigation Risk CHEVRON-RIGHT Learn Tips to Update Your AML and Sanctions Compliance Program CHEVRON-RIGHT Identify New, Emerging Risks in Russia, the Middle East and Latin America

Join this exclusive legal and compliance cross-industry community!

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

EARN CLE CREDITS

Accreditation will be sought in those jurisdictions requested by the registrants which have continuing education requirements. This course is identified as nontransitional for the purposes of CLE accreditation.

ACI certifies this activity has been approved for CLE credit by the New York State Continuing Legal Education Board.

ACI certifies this activity has been approved for CLE credit by the State Bar of California.

ACI has a dedicated team which processes requests for state approval. Please note that event accreditation varies by state and ACI will make every effort to process your request.

For more information on ACI’s CLE process, visit: www.AmericanConference.com/Accreditation/CLE

Media Partners

2 | LINKEDIN Financial Services: Legal, Regulatory, Insurance and Compliance Professionals

Meet Our Expert Speaker Faculty GOVERNMENT SPEAKERS Menno Goedman

Co-Director, Task Force KleptoCapture U.S. Department of Justice

Claire Grunewald

Sandra Calmes

Vice President Senior Corporate Counsel & Global Financial Crimes Officer Liberty Mutual Group (WSN Member)

Sanctions Compliance Officer, Office of Foreign Asset Controls U.S. Department of the Treasury

Evanthia Coffee

George Ioannidis

Jennifer Downing

Senior Lawyer Gard

Assistant Special Agent in Charge Homeland Security Investigations

Managing Director, Senior Counsel, Group Dispute Resolution BNP Paribas (WSN Member)

Michael Ohm

Ryan Fayhee

Chief, Major Economic Crimes Bureau New York County District Attorney’s Office

Partner Akin Gump Strauss Hauer & Feld LLP

Cathleen Ryan

Sanctions Compliance Director The Hartford

Office of Anti-Boycott U.S. Department of Commerce

SPEAKERS Jesse Aedo

Former Group Head of Compliance Aspen Insurance Group

Stephen Alsace

Marci Feige

Rachel Fiorill

Partner Morrison Foerster

Jonathan Froome

Global Head of Financial Crime Marsh McLennan (UK)

Vice President, Global Head Economic Sanctions, Anti-Bribery and Anti-Corruption Royal Bank of Canada

Melanie Garcia

Michaela Arndt

Head of Compliance Loadsure (WSN Member)

Regional Head, CFCC, Europe & Americas Economic Sanctions Compliance & Group Head US Sanctions Standard Chartered Bank

Michelle Wiese Bockmann Editor/Analyst Lloyds List

REGISTER NOW

Partner DLA Piper

Alexandra Gervase

Andrew Gifford

Global General Counsel and Secretary General Reinsurance

Arlette Grabczynska Of Counsel DLA Piper

AmericanConference.com/AML-OFAC-Insurance • 888 224 2480

Kate Harnett

Of Counsel A & L Goodbody LLP (Ireland)

Scott Horton

Associate General Counsel, General Head of Financial Crimes AIG

Richard McDermott

Global Sanctions Program Director AmTrust Financial Services, Inc.

Douglas Maag Senior Counsel Clyde & Co.

Stephen D. Marshall

Director FinScan Advisory Services

Kelvin Miller

Senior Counsel Travelers Insurance

Irina Nossova

Senior Legal Counsel Global Ethics & Sanctions Compliance Bunge (WSN Member)

Sonia A. Patel

Assistant General Counsel Clear Spring Life and Annuity Company

Kim Ramelow

AVP, Assistant General Counsel – Multinational The Hartford

Jim Slear Founder Slear Law

Inna Tsimerman

Chief International Trade Counsel Gallagher (WSN Member)

Part of C5 Group’s ECONOMIC SANCTIONS GLOBAL SERIES

Wednesday, January 22, 2025 8:00

Registration and Continental Breakfast

9:00

Conference Co-Chair’s Opening Remarks Andrew Gifford

Global General Counsel and Secretary General Reinsurance

9:15

Associate General Counsel, General Head of Financial Crimes AIG

OFAC Keynote Interview: Compliance Requirements and Enforcement Expectations for the Insurance Industry Claire Grunewald

Sanctions Compliance Officer, Office of Foreign Asset Controls U.S. Department of the Treasury

10:00

Scott Horton

Rachel Fiorill

Partner Morrison Foerster

Inside the Top Top Sanctions Compliance Challenges and Successes: Insurers Share the Most Effective, Proven Strategies to Strengthen Programs in 2025

• Managing the differences between US vs EU vs UK sanctions – and how to reconcile and embed them into your program

Sandra Calmes

• Concrete examples of new, emerging issues and how they were addressed

Vice President Senior Corporate Counsel & Global Financial Crimes Officer Liberty Mutual Group (WSN Member)

• Testing the effectiveness of your program, and how to detect and remedy weaknesses

Scott Horton

• Use of sanctions clauses to protect your company: The newest best practices • New threats in the Middle East for insurance companies

11:00

Networking Break

11:15

Keynote Interview

Associate General Counsel, General Head of Financial Crimes AIG

Arlette Grabczynska Of Counsel DLA Piper

Kelvin Miller

Senior Counsel Travelers Insurance

Kim Ramelow

AVP, Assistant General Counsel – Multinational The Hartford

Cathleen Ryan

Office of Anti-Boycott U.S. Department of Commerce

11:45

Financial Institutions: How Banks Are Collaborating with Insurance Companies to Strengthen Due Diligence

• Understanding the banks’ evolving due diligence processes for insurance transactions • How to ensure your transactions are processed-and what can cause delays and denials • Due diligence requirements for third parties • Tips to increase communication between banks and insurance companies • Insights into the banks' risk tolerance and due diligence requirements

Michaela Arndt

Regional Head, CFCC, Europe & Americas Economic Sanctions Compliance & Group Head US Sanctions Standard Chartered Bank

Stephen Alsace

Jennifer Downing

Managing Director, Senior Counsel, Group Dispute Resolution BNP Paribas (WSN Member)

Vice President, Global Head Economic Sanctions, Anti-Bribery and Anti-Corruption Royal Bank of Canada

4 | LINKEDIN Financial Services: Legal, Regulatory, Insurance and Compliance Professionals

Wednesday, January 22, 2025 12:30

Networking Lunch – Industry Roundtables

Select a table of your choice to discuss key topics and connect with your peers!

SANCTIONS SCREENING

KYC DUE DILIGENCE

OIL/GAS COMPLEXITIES

Kelvin Miller

Richard McDermott

SANCTIONS CLAUSES

RANSOMWARE PAYMENTS

Marci Feige

Global Sanctions Program Director AmTrust Financial Services, Inc.

Senior Counsel Travelers Insurance

Sanctions Compliance Director The Hartford

Richard McDermott

Global Sanctions Program Director AmTrust Financial Services, Inc.

1:45

Jesse Aedo

Former Group Head of Compliance Aspen Insurance Group

Litigation: The Increased Sanctions Litigation Arising from Russia – and Specific Lessons for Insurers and Reinsurers Ryan Fayhee

• How to handle civil litigation and claims arising out of sanctioned countries » Fraudulent letters of credit

Partner Akin Gump Strauss Hauer & Feld LLP

» Lawsuits in Russia for nonpayment of claims.

Kate Harnett

• Aviation lease settlements with Russia over trapped planes

Of Counsel A & L Goodbody LLP (Ireland)

» Increased activity in the UK and Ireland

2:30

The Latest in Artificial Intelligence for Insurance and Reinsurance: Utilizing Data to Identify Potential Sanctions Issues and Increase Efficiency

• How insurance companies are leveraging AI for sanctions risk detection

Alexandra Gervase

Head of Compliance Loadsure (WSN Member)

• Practical takeaways for data driven decision-making • Using alternative detection models to identify red flags • AI regulations and the impact on sanctions compliance and screening

Sonia A. Patel

Assistant General Counsel Clear Spring Life and Annuity Company

3:15

Networking Break

3:30

Maritime Industry: Monitoring Increased Dark Fleet and the Gray Fleet Used for Shipments to Russia, Iran and Venezuela

• How to identify potential sancitons evasion • Unravelling a a complex ownership chain • Using AIS monitoring to identity issues • Increased use of China affiliated ships in the Red Sea – and the sanctions risks affecting insurers

REGISTER NOW

Evanthia Coffee Senior Lawyer Gard

Michelle Wiese Bockmann

Irina Nossova

Senior Legal Counsel Global Ethics & Sanctions Compliance Bunge (WSN Member)

Editor/Analyst Lloyds List

AmericanConference.com/AML-OFAC-Insurance • 888 224 2480

Part of C5 Group’s ECONOMIC SANCTIONS GLOBAL SERIES

Wednesday, January 22, 2025 4:15

Networking Industry Roundtables

Select a table of your choice for smaller-group, industry-specific benchmarking and networking. Ensure that you are fully up-to-speed on the unique risks and best practice for different sectors of the insurance and reinsurance industries.

PROPERTY/CASUALTY

MARITIME

Marci Feige

Douglas Maag

Sanctions Compliance Director The Hartford

Senior Counsel Clyde & Co.

REINSURANCE

LIFE INSURANCE Sonia A. Patel

Jim Slear

Assistant General Counsel Clear Spring Life and Annuity Company

Founder Slear Law

5:00 – 6:00

Networking Reception

Global Sponsorship Opportunities With conferences in the United States, Canada, Latin America and Europe, the C5 Group of Companies: American Conference Institute, Canadian Institute, and C5 Group, provides a diverse portfolio of conferences, events and roundtables devoted to providing business intelligence to senior decision makers responding to challenges around the world.

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6 | LINKEDIN Financial Services: Legal, Regulatory, Insurance and Compliance Professionals

Thursday, January 23, 2025 8:00

Women in Sanctions Networking Breakfast

8:55

Co-Chair’s Opening Remarks

9:00

Government Roundtable: How Agencies Work Together on Asset Seizures and Forfeitures

This panel will provide insight into the methods used to identify, investigate and succeed in asset recovery. The speakers will share details of recent successes and lessons learned for insurers and reinsurers.

In addition to critical updates, ask your questions and gain invaluable takeaways on the enforcement landscape.

George Ioannidis

Assistant Special Agent in Charge Homeland Security Investigations

Menno Goedman

Co-Director, Task Force KleptoCapture U.S. Department of Justice

Michael Ohm

Chief, Major Economic Crimes Bureau New York County District Attorney’s Office

10:00

Conflicts of Law in the Insurance Context: Unraveling Complex Sanctions Dilemmas When Sanctions Restrictions Differ Across Jurisdictions

• Addressing blocking (or anti-boycott) statutes in Canada and Europe as a reinsurer and/or U.S. parent company • Implied limitations and inconsistencies involving OFAC’s apparently broad general license authorizing global travel and health coverage • Limitations applicable to U.S. Persons or goods in the global effort to supply relief aid to Syria (and potentially Lebanon)

Jonathan Froome

Global Head of Financial Crime Marsh McLennan (UK)

Stephen D. Marshall

Director FinScan Advisory Services

• Claims payment problems created by branches or subsidiaries of U.S. (re)insurance companies operating abroad: Exterritorial legal application and/or facilitation concerns

Jim Slear

Founder Slear Law

10:45

Networking Break

11:00

Special Considerations for Risk Assessments: How Insurance Companies Are Measuring and Monitoring Industry-Specific Risks

• How insurance companies are upgrading risk assessments • Using metrics to identify low, medium and high-risk categories/regions • Working with the business units on potential new opportunities and risk factors • When to include senior management in high-risk decisions

11:45

Jesse Aedo

Former Group Head of Compliance Aspen Insurance

Andrew Gifford

Global General Counsel and Secretary General Reinsurance

Melanie Garcia Partner DLA Piper

Inna Tsimerman Chief International Trade Counsel Gallagher Group (WSN Member)

The Interplay of AML and Sanctions: How Insurance Companies Are Mitigating Increased Risks in Latin America and the Middle East

• Mitigating increased AML Risk in Latin America • Iran, DPRK and Burma – and the growing convergence of ML and sanctions risk factors • New designations in Venezuela

Richard McDermott

Global Sanctions Program Director AmTrust Financial Services, Inc.

• Warning signs for sanctions evasion and money laundering in the Middle East

12:30

End of Conference

REGISTER NOW

AmericanConference.com/AML-OFAC-Insurance • 888 224 2480

Part of C5 Group’s ECONOMIC SANCTIONS GLOBAL SERIES

ECONOMIC SANCTIONS GLOBAL SERIES

November 6 – 7, 2024 • London

December 4 – 5, 2024 • New York, NY

March 5 – 6, 2025 • Toronto, ON

March 4 – 27, 2025 • Virtual Event

April 30 – May 1, 2025 • Washington, DC

June 2025 • Berlin

Who You Will Meet: In-house counsel and compliance professionals at insurance and reinsurance companies who are responsible for: • AML Compliance • Fraud Prevention • Regulatory Matters • Global Sanctions • Internal Audits Private practice attorneys specializing in: • Insurance & Reinsurance • AML

• •

Global Sanctions Compliance & Regulation

• •

Regulatory and enforcement officials Forensic accountants

8 | LINKEDIN Financial Services: Legal, Regulatory, Insurance and Compliance Professionals

Venue

New York Bar Association 42 West 44th Street, New York, NY 10036 ACCOMMODATIONS

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

Hotel: Sofitel New York Address: 45 West 44th Street Reservations: Anna Li, anna.li@sofitel.com or 212-782-3015 Online: To reserve online, CLICK HERE Please note that the guest room block cut-off date is December 22, 2024. After that date OR when the room block fills, guestroom availability and rate can no longer be guaranteed.

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Register and pay to lock in your early rate and be eligible for a full refund until January 15th, 2025.

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All cancellations and changes must be submitted to CustomerService@AmericanConference.com by January 15th, 2025.

Emma McAdam VP, Government Affairs

Registration

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Janet Smith VP, General Counsel

Olivia Thomson Chief Compliance Officer

Luis Santos Director

Ramesh Kumar Partner

Jean Roux VP, Business Development

Patricia Harden Head of Sanctions Miyuki Johnson VP, Manufacturing

Yanette Ching American Conference Institute

Contact our Customer Service Representatives:

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