Watch the on-demand session which will unpack how securities are sanctioned and how this is implicitly extended by the OFAC 50% rule, what controls are required to comply with these sanctions’ regimes, and a practical look at the Refinitiv data and tools that can help you stay compliant.
Sanctions are more numerous, complicated and inconsistent than ever, and regulatory scrutiny over these has grown dramatically. In addition, not only can countries, regions, individuals, companies and other legal entities be sanctioned, but so can securities.
Security screening is an important control to ensure compliance with the various jurisdictions that already sanction securities, including the United States, the European Union, the Japanese Ministry of Finance, and the UN. This requires the screening of security identifiers, such as ISINs, CUSIPs or SEDOLS, against a database of sanctioned securities.
This session will unpack how securities are sanctioned, how this is implicitly extended by the OFAC 50% rule, and what controls are required to comply with these sanctions regimes.
On the agenda:
- Sanctions - a background
- How securities are sanctioned by OFAC, the UN, the EU and the JMOF
- Implicit (aka narrative) sanctions and its impact on securities
- What does a best-practice control framework look like? OFAC and Wolfsberg guidance and industry experience
- Practical example – World-Check securities coverage and securities screening
Event info
Format: On-demand webinar