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Print this pageICI and ICI Global Webinar on How U.S. and EU Sanctions Impact Funds and Asset Managers
On August 7, 2012, the Investment Company Institute and ICI Global jointly hosted a webinar on economic and trade sanctions in the United States and the European Union and how these sanctions regimes impact funds and asset managers.
MATERIALS
HIGHLIGHTS
The webinar focused on:
- How sanctions programs administered by the U.S. Treasury's Office of Foreign Assets Control (OFAC) apply to registered funds and asset managers, and the consequences of noncompliance
- An introduction to the economic and trade sanctions (or restrictive measures) implemented by EU Member States pursuant to EU Council decisions and EU sanctions regulations
- The challenges of complying with both U.S. and EU sanctions requirements, particularly when operating a global asset management business
- Recent enforcement actions and proceedings of interest to the financial services industry
Speakers included:
- Thomas C. Bogle, Partner, Financial Services and Investment Management, Dechert LLP
- Miriam Gonzalez, Partner, Trade and EU Government Affairs, Dechert LLP
- John Forrest, Director, Trade and EU Government Affairs, Dechert LLP
- Eva M. Mykolenko, Associate Counsel, International Affairs, Investment Company Institute
This webinar was the first of a two-part series on economic and trade sanctions. On September 27, ICI and ICI Global will host a webinar titled "OFAC Compliance: A Deeper Dive from the Regulator's Perspective," featuring Adam J. Szubin, Director of the Office of Foreign Assets Control, and representatives from OFAC's compliance staff.
