Crashing the Party: Managing Sanctions Risks within Non-Customer Parties
Featured Speakers :
Max Lerner is the Global Head of Sanctions Compliance for State Street, a leading global bank focused in custodial, asset management and advisory, and administrative services based in Boston. Max is accountable for the design, management, and execution of State Street’s global sanctions program as well as its sanctions-related screening systems, policy and business unit advisory function, regulatory engagement and remediation, and personnel management of teams based across the globe. In his leadership role, Max is a member of State Street’s AML & Sanctions Leadership Team, wherein he advises on strategic initiatives and programmatic issues, including virtual / digital assets, cannabis, and emerging fintech solutions.
Prior to his tenure at State Street, Max served as Legal Regulatory Counsel at Standard Chartered Bank, a major global bank focused on retail, trade finance, commercial, and correspondent banking, based at its New York office. Max’s practice focused on three areas: AML & sanctions advisory, dispute resolution management, and regulatory engagement, investigations, and remediation. Max was a foundational in-house counsel advisor in the redesign and remediation of Standard Chartered’s financial crime compliance program following its multiple 2012 regulatory actions.
Max currently serves as Chair of the Association of Global Custodians’ AML & Sanctions Committee.
Presented by Max Lerner, VP, Global Head of Sanctions Compliance, State Street
Let’s say your firm has robust customer sanctions screening, strong policies and procedures, and is ready and willing to conduct thorough investigations into your clients. Think you’ve fully addressed your sanctions risk?
Not necessarily. While customers are critically important for sanctions compliance, underlying parties can also pose risks, and often receive far less attention than direct customers. Sanctions threats can lurk within associated parties, investors and others, and institutions need programs in place to recognize and respond to these risks.
In this webinar, a sanctions expert from State Street gives guidance on how you can keep non-customer risks from crashing the party in your compliance program. You’ll learn:
- What sanctions risks are posed by non-customer parties;
- How to analyze sanctions risks posed by non-customer parties; and
- What steps can be taken to mitigate sanctions risk posed by non-customer parties.
This webinar is eligible for one CFCS credit. Access to the recording, slides and a certificate of participation are available for ACFCS members only.
Important note for ACFCS members: Please register using the same email tied to your member account.