CNAS-CIN To Hold Three-Week Web Summit, Global Compliance Leaders To Outline Path for Sanctions Compliance implementation and cryptocurrency.

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The Compliance Institute Nigeria (CIN) in partnership with the Centre for a New American  Security (CNAS), a coalition of global Compliance Professionals and business leaders, will hold a three-week web workshop series on Fridays, 11th, 18th and 25th September, 2020 respectively, 9-10:30am US eastern time and 2-3:30 pm Nigeria time.

The 2020 CIN-CNAS Virtual Workshop series slated for three weeks in September, will address the need for policymakers in the continent to look inward into Sanctions implementation update, cryptocurrency, challenges in sanctions compliance, and most crucially adopt measures to create enabling environment for the compliance industry to thrive post-COVID-19.

The 2020 CIN-CNAS webinar series slated for 11th September, 2020 with the theme’ Sanctions implementation update’, will provide an overview of significant developments on sanctions since August 2019, including new sanctions developments; new trends in sanctions evasion , trends drawn from United Nations Panel of Experts Reports; and  compliance “best practices.”This first session would consist of a webinar presentations to be delivered by key resource persons ,whilst question and answer sessions would address key germaine contemporary issues and relevant case studies.

The panelists include Peter Harrell, Adjunct Senior Fellow in the Energy, Economics, and Security program at the Center for a New American Security(CNAS); Pattison Boleigha, President, Compliance Institute, Nigeria (CIN); John Hughes, Adjunct Senior Fellow in the Energy, Economics, and Security program at the Center for a New American Security(CNAS), and Vice President at Albright Stonebridge Group; and Ashley Feng,Senior Fellow and Director of the Energy, Economics, and Security Program at the Center for a New American Security(CNAS).

The second week webinar series which would hold on Friday,  September 18, 2020, seeks to focus on companies and financial institutions involved in cryptocurrency. Seasoned international cryptocurrency experts would in a robust panel discussion, dissect issues on trends in the use of cryptocurrency to evade sanctions and compliance best practices.

The discussants for the second week are Elizabeth Rosenberg- Senior Fellow and Director of the Energy, Economics, and Security Program at the Center for a New American Security (CNAS);  Isioma Gogo-Anazodo, Chairman,Committee Programmes, Education and Examination; Compliance Institute, Nigeria (CIN); Yaya Fanusie-Adjunct Senior Fellow in the Energy, Economics, and Security program at the Center for a New American Security (CNAS), and the founder of Cryptocurrency AML Strategies; Dorshimer- Research Assistant in the Energy, Economics, and Security program at the Center for a New American Security(CNAS) and Jesse Spiro-Jesse Spiro -Global Head, Policy and Regulatory Affairs, Chainalysis Inc.

Key Experts expected to set a tone for the conversation on challenges in sanctions compliance at the final lap of the CIN-CNAS webinar series slated to hold on September 25, 2020, are John Hughes-Adjunct Senior Fellow in the Energy, Economics, and Security program at the Center for a New American Security(CNAS); Abimbola Adeseyoju- Founder and Managing Director of DataPro Limited, Nigeria’s first indigenous AML/CFT Compliance and Training Firm, and Chairman,Partnership and Communications Committee,Compliance Institute, Nigeria (CIN); Neil Bhatiya – Adjunct Fellow in the Energy, Economics, and Security program at the Center for a New American Security(CNAS); and Eric Lorber- Vice President ,K2 Intelligence/Financial Integrity Network; Senior Director at the Foundation for Defense of Democracies Washington.

The third workshop which would x-ray challenges in sanctions compliance also consists of a 50-minute break-out session, which would enable the panel of experts from law firms and banks to discuss specific on-the-job challenges that they are experiencing in area of sanctions compliance.

Speaking on the unique essence of the webinar series, President, Compliance Institute, Nigeria, Pattison Boleigha,said, ‘‘International governments are scrutinising sanctions compliance and Nigeria is not left out. Our responsibility for adhering to often complex sanctions laws has never been greater. With so many financial institutions’ operations spanning the globe and international foreign policy initiatives constantly evolving, there is an urgent need to stay up-to-date with new lists of sanctioned entities to avoid being penalised for wrongdoing. A globally integrated sanctions policy, technology, and a competent staff are vital components of Nigeria’s compliance program. In addition, risk assessment testing and reviews are critical to ensuring that our systems and controls remain operationally robust.’’

Stressing the need for an improved compliance knowledge and skill-set in the continent, Adjunct Senior Fellow in the Energy, Economics, and Security program at the Center for a New American Security (CNAS), Peter Harrell, said,‘‘In addition, they will learn about anticipating the impact of civil unrest and government updates on the global financial landscape, key areas of sanctions training for their teams, and gain a clear understanding of how sanctions-specific monitoring techniques can be effectively implemented across a global institution.’’

Corroborating the core objectives of the webinar series, these were the words of Abimbola Adeseyoju, Chairman, Communications and Partnership, Compliance Institute,Nigeria (CIN) ‘‘These free 3-week webinar series are part of the big compliance conversations. The worldwide initiative is designed to get the Nigerian and global compliance community talking about the key issues of today and tomorrow. To this end, we enjoin Nigerian compliance stakeholders across all financial Institutions, all designated non-financial businesses  and professions DNFBP, all law enforcement agencies and securities agencies , statutory & regulatory agencies, supervisory ministries, related government agencies and the Media to join the dynamic conversation as CIN-CNAS experts discuss the impact of the latest international sanctions, Navigating international sanctions laws and the first steps in managing newly-sanctioned countries and exposure to high-risk and sanctioned countries. ’’

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