Recorded Webinar: Sanctions – The new pre-trade challenge for the buy-side22 September 2021
Sanctions screening at the security level is a relatively recent requirement for the buy-side. It dives deeper than traditional KYC and AML screening and is immensely challenging as firms must monitor frequently changing sanctions lists, source up-to-date sanctions data and beneficial ownership data, and integrate these to screen growing lists of potentially sanctioned securities.
As well as data sourcing and management challenges, securities screening raises issues around responsibility and resourcing. It also requires transparency to support sell-side firms that market buy-side firms’ products and services.
For those that get it right, the benefits of pre-trade sanctions screening stretch beyond compliance. For those that get it wrong, the penalties include eye-watering financial fines, reputational damage, and internal costs of resolution.
The webinar covers:
- Early results from a buy-side sanctions survey
- How the buy-side fell into the scope of sanctions regimes
- Sanctions lists that must be monitored on an ongoing basis
- How to source sometimes difficult to find data for screening
- How to integrate and automate pre-trade securities screening
- Benefits of successful sanctions screening, pitfalls to avoid
More about our speakers:
Head of Financial Crime Compliance and MLRO
Brown Shipley Private Bank
Svetlana joined Brown Shipley in December 2020 as is responsible for overseeing the firm’s Financial Crime Compliance function. Svetlana joined the business from Close Brothers Asset Management where she was the Head of Financial Crime Compliance. Prior to joining Close Brothers Asset Management, Svetlana held a number of Financial Crime Compliance roles at Barclays Wealth, HSBC Asset Management Canaccord Genuity Wealth Management. Svetlana holds a BA in Business Management (Finance) from the University of Westminster.
Global Head of Financial Crime and Sanction
Freshfields Bruckhaus Deringer LLP
Suzie Ogilvie is the Global Head of Financial Crime and Sanctions at Freshfields Bruckhaus Deringer LLP, an international law firm. She advises the firm on management of reputational risks, and financial crime and sanctions compliance, among other things, and sits on the firm’s London Management Group.
Suzie has been a member of the Money Laundering Task Force of the Law Society of England and Wales since September 2009, serving as Chair between September 2012 and August 2015. She has been the Law Society’s UK delegate to the Council of Bars and Law Societies of Europe (CCBE) on matters relating to money laundering compliance since September 2010.
Through these roles she has assisted in the co-ordination of the legal profession’s policy positions on financial crime in the UK and (previously) the EU and has represented the members of the legal profession at Government committees.
Suzie has co-authored both the Money Laundering chapter in the IBA’s publication “Risk Management in Law Firms” and the chapter on International Money Laundering Initiatives in Neate & Godfrey’s publication “Bank Confidentiality”.
Senior Product Manager
Oliver Bodmer is proposition manager for KYC, AML and Sanctions and he is responsible for the corresponding SIX product offering. He has led multiple customer implementation projects in the above areas in various international locations. Oliver has a master’s degree in economics and an Executive MBA from EPFL Switzerland and the University of Texas at Austin.
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