Association of Certified Sanctions Specialists (ACSS)

2020 ACSS
VIRTUAL
SANCTIONS
SUMMIT
www.sanctionsassociation.org
 Best Practices for
Your Economic Sanctions
KYC Program
July 23, 2020 1:00 – 1:35 pm ET
Pre-Recorded session: 1:00 – 1:25 pm ET
Live Q&A with audience: 1:25 – 1:35 pm ET

Association of Certified Sanctions Specialists (ACSS)

www.sanctionsassociation.org
Speakers Moderator

Max Lerner Clay Stevenson Oliver Bodmer

Global Head of Sanctions Managing Director, Senior Product Manager
State Street Head of Sanctions & SIX Group
Embargoes, Americas
Deutsche Bank

www.sanctionsassociation.org
Sanctions & KYC

KYC / CDD is Key Data Integrity

Collect required Customer Identification Screening is only as good as your data, so
Program and Customer Due Diligence elements account for upstream data controls to evidence
– and do it correctly completeness, quality, and timeliness of
delivery

Screening: Core Control Testing

Solutions to identify a potential match Cover your KYC / CDD completeness & quality
between a sanctions
Presentations target and other
are communication toolsparty,
that and validate screening is working as intended
whether
can a customer,
be usd counterparty, vendor,
as demonstrations.
employee or securities.

Association of Certified Sanctions Specialists (ACSS)

www.sanctionsassociation.org
“KYC” Expanded
• Most firms focus their compliance program on their customers, Customer
Associated Parties
which is reasonable. Customers present a direct and primary source
Customers
of sanctions risk. However, customers are not the only entities that
Investors
present sanctions risk to a firm.
Securities

• Multiple additional entities present sanctions risk, both through Firm Employees
direct and indirect relationships. Each firm should be aware of these
entity types and a employ a risk-based sanctions compliance Counterparties
program to address each entity type, as applicable. Vendor
Associated Parties
Vendors

Sub-Vendors

Association of Certified Sanctions Specialists (ACSS)

www.sanctionsassociation.org
Questions for our Speakers?
Join us for the Live Q&A Session directly
following this Panel.

Association of Certified Sanctions Specialists (ACSS)

www.sanctionsassociation.org
 SIGN UP TODAY AT
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