Data Management Insight Webinars

Recorded Webinar: The post-Brexit UK sanctions regime – how to stay safe and compliant

11 March 2021

When the Brexit transition period came to an end on 31 December 2020, a new sanctions regime was introduced in the UK under legislation set out in the Sanctions and Anti-Money Laundering Act 2018 (aka the Sanctions Act). The regime is fundamentally different to that of the EU, requiring financial institutions to rethink their response to sanctions regulation and change the way they source and manage data for compliance.

This webinar will discuss the UK sanctions legislation, review the new list of sanctions against 30 regimes published by the Office of Financial Sanctions Implementation (OFSI), and discuss changes to elements of the sanctions process including designation, licenses, and blocking regulations.

It will also provide detailed guidance on how to source and manage data required by the UK sanctions regime and offer advice on how to achieve compliance in an increasingly complex global sanctions environment.

Listen to the webinar to find out more about:

  • The requirements and coverage of the UK sanctions regime
  • How the UK regime differs and is similar to those of the EU and US
  • Approaches to ensuring your organisation is compliant on a global basis
  • How to solve issues of data sourcing, categorisation, system settling and custody
  • The benefits beyond compliance of successful sanctions operations

Speakers:

Suzie Ogilvie, Global Head of Financial Crime and Sanctions, Freshfields Bruckhaus Deringer LLP

Gaelle Maquignon, Compliance Governance Specialist (Economic Sanctions), Allianz Global Corporate & Specialty UK

Richard Dunmall, EMEA Head of Sanctions, Sumitomo Mitsui Banking Corporation

Haider Mannan, Regulatory Specialist, SIX

Moderator: Sarah Underwood, Editor,
A-Team Group

More about our speakers:

Suzie Ogilvie
Global Head of Financial Crime and Sanctions
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”.

Gaelle Maquignon
Compliance Governance Specialist (Economic Sanctions)
Allianz Global Corporate & Specialty UK

Gaelle Maquignon joined Allianz Global Corporate Specialty UK xas Compliance Governance Specialist (Economic Sanctions) in 2019, supporting Western Europe, Russia and Central Asia. She previously worked at Willis Towers Watson as French-speaking Sanctions Advisor post-Gras Savoye acquisition, providing advice on sanctions and export controls to the global business of WTW.

Richard Dunmall
EMEA Head of Sanctions
Sumitomo Mitsui Banking Corporation

Richard is the EMEA Head of Sanctions at Sumitomo Mitsui Banking Corporation (SMBC) and is responsible for overseeing sanctions compliance within the region. Richard joined SMBC in February 2013 and has led efforts to enhance the sanctions systems and controls framework. During his time at SMBC Richard has led in responding to the implementation of EU/U.S. sanctions targeting Russian interests, the implementation of the JCPOA and subsequent U.S. withdrawal. Working closely with deals teams at SMBC, Richard has substantial experience in sanctions risk mitigation with respect to corporate banking products. Richard is currently a Co-Chair of the UK Finance Sanctions Panel.

Haider Mannan
Regulatory Specialist
SIX

Haider Mannan is a regulatory data specialist at SIX. He covers a range of regulatory topics affecting the investment process, to help firms achieve compliance through value-added services from SIX. Haider specializes in the implementation and support of data and technology for global sanctions surveillance. Haider has worked on compliance, risk and regulatory programmes over the last decade, with an emphasis on big data and data management. His experience as a subject matter expert and consultant has included assignments both in the buy- and sell-side at firms such as Allianz, Standard & Poor’s, Strategy & and Wilshire Associates among others.


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