With the ongoing sanctions against Russia and impending sanctions to China. Nordic companies and financial institutions have subsidiaries in those countries or have clients that to. As a result, the clarity of what to expect and how to best prepare themselves due to the varying enforcement of sanctions between each country is of great importance. The US, UK and EU have taken different stances on sanctions in their respective regions. Being able to compare and understand the status of the leading governing in regard to sanctions will help Nordic companies be able to better prepare and mitigate risk to sanctions.
- Examine how OFAC and European Commission administers and enforces economic and trade sanctions in support of national security and foreign policy objectives.
- Lessons learned from Russia and how it will affect your business in China.
- How has nationalisation been used as a response to sanctions?
- How can banks take better grasp at manage geopolitical risks and proactive identify them?
- Swedish Bankers Association – The derogation from Article 2 of Regulation (EU) No 269/2014.
- What it means? What is a firewall?
- How this derogation helps national authorities to release certain frozen funds or economic resources belonging to companies?
- The risk in each national authorities implementing and interpreting the regulation differently?
Marcele Rask
Marcele has in-depth knowledge of Financial Crime, with a demonstrated history in working with highly complex legal issues, with experience in large-scale national and international forensic investigations including one of the largest scale financial crime investigations in an European Bank and the bankruptcy review of the European umbrella of an investment bank that effected the financial system at large. At Danske Bank, she was the key driver for aligning processes in establishing the institution 1st Line Sanctions Risk Management and Advisory.
Marcele holds a Master in International Human Rights Law and a Specialization in International Trade and Business, along with several professional certifications, including CAMS, ACSS, ICA Diploma Financial Crime Prevention and Sanctions.
