Association of Certified Sanctions Specialists (ACSS)

2020 ACSS
VIRTUAL
SANCTIONS
SUMMIT
www.sanctionsassociation.org
 Sanctions Enforcement Update
2020
July 23, 2020 11:40am – 12:15 PM ET
Pre-Recorded session: 11:40am – 12:05 pm ET
Live Q&A with audience: 12:05 – 12:15 pm ET

Association of Certified Sanctions Specialists (ACSS)

www.sanctionsassociation.org
Speakers Moderator

Gino Ercolino Ron Ziegler Saskia Rietbroek

Director Engagement Director Executive Director
Treliant Treliant Association of Certified Sanctions
Specialists (ACSS)

www.sanctionsassociation.org
Introduction
Topics

• OFAC enforcement actions/penalties instituted in 2020

• EU enforcement actions/penalties instituted in 2020
• Involvement of other regulators in economic sanctions
enforcement

Association of Certified Sanctions Specialists (ACSS)

www.sanctionsassociation.org
 2020 Enforcement Actions/Penalties
AMEX SITA BIOMIN EUROTURBINE

Violations of Weapons Violations of the Global Violations of the Cuban Violations of dual-use
of Mass Destruction Terrorism Sanctions Assets Control export controls
Proliferators Sanctions Regulations Regulations
Regulations

Association of Certified Sanctions Specialists (ACSS)

www.sanctionsassociation.org
SEC Action used FCPA to
Support Sanctions Violations
• Quad/Graphics engaged in multiple bribery schemes
• Peruvian subsidiary violated US Sanctions and Export Control Laws by
engaging in transactions with a Cuban telecom company causing:
• Violation of FCPA books and records provision when company
created false records to conceal sanctioned transactions; and
• Violation for failure to maintain sufficient accounting controls to
detect/prevent conduct.

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
www.sanctionsassociation.org