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Sanctions and Money Laundering Day 2024 – Increased risk in an uncertain world

The past year has been characterized by increased conflict, war and destabilization. In addition to the continued escalation of sanctions against Russia, the drivers of financial crime and money laundering are also evolving. An increasingly demanding threat and risk picture entails that companies are expected to see different risks in context and work holistically with compliance.

Date from15/02/2024 – 12:00 PM
Date to15/02/2024 – 03:20 PM
LocationStreaming (link will be sent to the registered participants) or National Museum, Oslo

At this half-day seminar, Office of Financial Sanctions Implementation (OFSI), HM Treasury,  U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC), US Department of Commerce, Bureau of Industry and Security (BIS) and the EU Commission, DG FISMA, Sanctions Unit will share their expectations for companies' preventive work and how to view sanctions compliance and anti-money laundering in context. Norwegian authorities will share their perspectives on sanctions, recent geopolitical developments and the current threats facing Norwegian society, while representatives from the business community will discuss how this affects Norwegian companies and the challenges they face in practice. 

The first part of the program will be in English, and the Chatham House Rules must be observed. The first part is also closed to the press. The second part of the program will be in Norwegian.

Programme

11:30 AM:

Registration

12:00 PM:

"Welcome and introduction to today's topics", with Tine Elisabeth Vigmostad and Kristin Nordland Brattli, Wikborg Rein

12:05 PM:

"Today's geopolitical challenges and how this can affect Norway and Norwegian business interests", with State Secretary for Minister of Foreign Affairs Eivind Vad Petersson

12:15 PM:

"The latest in the EU on the fight against sanctions circumvention and update on key topics for the energy and maritime sectors" with Adela Kabrtova, EU Commission, DG FISMA, Sanctions Unit
(digital presentation)

12:35 PM:

"Updates to the Oil Price Cap Regime – UK Perspective" with James Mclennan of the Office of Financial Sanctions Implementation (OFSI), HM Treasury, United Kingdom. (digital presentation

12:55 PM:

"Utilization of traditional sanctions and anti-money laundering tools to detect and disrupt export control violations" with Roger Calderone, US Department of Commerce, Bureau of Industry and Security (BIS)

01:15 PM:

"OFAC Sanctions Updates and Considerations for Non-U.S. Persons" with Jessica Rhee and Elizabeth Scott, U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC)
(digital presentation)

01:35 PM:

Break with light refreshments

02:00 PM:

"The threats facing Norwegian society - The new national threat assessment 2024. Insights on terrorism and terrorist financing.", with Kjersti Bagle, Financial Intelligence Unit, the Norwegian Police Security Service (PST). Please note that this session will not be live-streamed and is only available for physical participants.

02:15 PM:

"The Norwegian perspective on sanctions, including the current developments in the Middle East.", with Martin Sørby, Legal Department, Ministry of Foreign Affairs 

02:35 PM:

"Challenges for Norwegian business interests in today's geopolitical landscape" with Odin Johannessen, the Norwegian Business Security Council

02:50 PM:

"When different risk areas overlap – how to see them separately and in context" with Audun Kolstad Wiig and Karine Rasmussen, Group AML, DNB

03:10 PM:

Concluding remarks with Tine Elisabeth Vigmostad and Kristin Nordland Brattli, Wikborg Rein   

Speakers

Profile image of Eivind Vad Petersson

Eivind Vad Petersson

State Secretary for

Minister of Foreign Affairs Eivind

Profile image of Adela Kabrtova

Adela Kabrtova

EU Commission, DG FISMA

Sanctions Unit

Profile image of James Mclennan

James Mclennan

The Office of Financial Sanctions Implementation (OFSI)

HM Treasury, United Kingdom

Profile image of Roger Calderone

Roger Calderone

US Department of Commerce

Bureau of Industry and Security (BIS)

Profile image of Jessica Rhee

Jessica Rhee

U.S. Department of the Treasury

Office of Foreign Assets Control (OFAC)

Profile image of Elizabeth Scott

Elizabeth Scott

U.S. Department of the Treasury

Office of Foreign Assets Control (OFAC)

Profile image of Kjersti Bagle

Kjersti Bagle

Financial Intelligence Unit

The Norwegian Police Security Service (PST)

Profile image of Martin Sørby

Martin Sørby

Legal Department

Norwegian Ministry of Foreign Affairs

Profile image of Odin Johannessen

Odin Johannessen

Direktør

The Norwegian Business Security Council

Profile image of Audun Kolstad Wiig

Audun Kolstad Wiig

T&S Sanctions and Fraud Prevention MGMT

DNB Bank ASA

Profile image of Karine Rasmussen

Karine Rasmussen

Group AML

DNB Bank ASA

Profile image of Kristin Nordland Brattli

Kristin Nordland Brattli

Partner

Wikborg Rein

Profile image of Tine Elisabeth Vigmostad

Tine Elisabeth Vigmostad

Partner

Wikborg Rein

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