ECTI Presents: FREE Webinar: The Evolution of 3rd Party Risk Management in Sanctions Compliance: Understanding OFAC’s 50 Percent Rule, Changes to BIS’ Military End Use Restrictions, and Other Emerging Compliance Requirements – April 29, 2021 at 1:00 pm EDT
This complimentary webinar will feature two industry experts in an open dialogue about how organizations can be best prepared to comply in today’s more stringent compliance environment.
The U.S. has recently issued a flurry of new export compliance rules aimed at preventing companies from unwittingly supporting the military of so-called “Countries of Concern”. These include the expansions of the military end use rule, the adoption of the military end user (MEU) list, and associated new due diligence and licensing obligations that are aimed at restricting the export of many items to Burma, China, Russia, and Venezuela.
At the same time, there is continued emphasis on compliance with OFAC’s 50 percent rule, which blocks companies from entering into business dealings with corporate entities where debarred and denied parties have significant shareholding.
Given these evolving rules, what are the compliance best practices – from screening against relevant denied parties lists to enhanced due diligence – that can help organizations comply and steer clear of disruptions to daily business? And how should companies adhere to the 50 percent rule when there are no official government-published lists to reference?
Join ECTI and Descartes Systems Group for a discussion on how your organization can be best prepared to comply in today’s more stringent compliance environment, including these essential points:
- Understanding key, emerging export compliance regulations, and what’s driving them
- Ways to stay focused on the evolving compliance environment
- Calibrating risk to maintain your business’ forward momentum
- Leveraging technology to optimize compliance and risk management; and
- Best Practices tips and techniques
The webinar will feature an engaging discussion between industry experts Scott Gearity, who brings nearly 20 years of consulting, training, and corporate export compliance programs management experience to bear for his clients, and Jackson Wood, with more than a decade of in-depth trade strategy expertise where the supply chain intersects with compliance.
This is a FREE webinar and will include PowerPoint slides, live video and commentary. Each registrant (even if you can’t attend the live event) will receive a copy of the presentation, certificate of completion, speaker contact information for follow-up questions, and access to the webinar recording within 24 hours of airing live. Access to the recording and session materials is available for one year from purchase date. Webinar participants are invited to submit questions during the webinar and the final 30 minutes will be allotted to answering attendee questions.