Hot on the heels of a host of record sanction fines and action against banks and companies in fields as diverse as mining services and aircraft manufacturing, February 2016 has again seen another international bank fined for violating sanctions; this time in relation to deals involving entities in Zimbabwe.
In addition to the United Nations (UN), US Office of Foreign Asset Control (OFAC), UK Treasury and Serious Fraud Office, European Union (EU) and others, Australia’s own autonomous sanctions regimes weaves in a number of additional compliance and due diligence obligations on Australian businesses which are seeking to take advantage of the significant growth and opportunities in new and emerging markets.
For investigators and compliance officers involved in anti-fraud, bribery, corruption. AML/CTF, due diligence and other related fields, the area of sanction compliance is an ever changing topic that needs to remain at the forefront of every professional’s arsenal of knowledge.
In this presentation, the Department of Foreign Affairs and Trade (DFAT) will discuss and present some relevant case studies to highlight:
- The international fabric of sanction compliance regimes;
- Australia’s sanction, government agencies’ roles and responsibilities of businesses involved in international financial transactions and trade in goods and services with sanctioned countries;
- Current sanctioned countries and entities in our region such as North Korea etc;
- Recent developments concerning specific countries such as Russia and Iran, including the effect of the recent ‘Implementation Day’ which resulted in the easing of some Iranian sanctions; and
- Risk assessment considerations and potential areas for fraud/deceit.
Namdi Payne is a legal officer from the Sanctions Section in the Legal Division of the Department of Foreign Affairs and Trade (DFAT). DFAT is the sanctions regulator for the Australian Government.
She joined DFAT as a legal specialist in 2007 with a caseload primarily in litigation and privileges and immunities.
Since then, Namdi has worked as:
- a Business Relations officer in the DFAT NSW State Office in Sydney;
- a short mission as a Political Officer in the Australian Embassy in Bangkok;
- an Executive Officer in the United Nations & Commonwealth Section in DFAT Canberra; and
- a posting as Second Secretary & Legal Advisor in the Australian Permanent Mission to the United Nations in Geneva fro 2012 to 2015.
In Geneva, Namdi represented Australia’s interests in issues relating to arms control, disarmament, and international humanitarian law.
Namdi was a solicitor in private practice in Sydney before joining the DFAT. She has a Bachelor of Laws and Masters in International Studies.
Tuesday, 15 March 2016
1 hour CPE
Level 15, 50 Pitt St (off Bridge Street)
Sydney, NSW, 2000
5:15 pm registration and seating
5:30 pm – 6:15 pm presentation, Q&A
6:15 pm – 7:30 pm networking.
Members: $ 25
Non-members: $ 35
1. On-line banking
Sydney Chapter of the ACFE
BSB: 032-044 (Westpac)
Account number: 602632
2. Pay by cash during the registration meeting