2021 Annual Trade Finance Compliance Conference | London Online | 7 CPDs
19-20 May 2021

Herman Annink - UK

Graham Baldock - UAE

Sven Bates - UK

Alexon Bell - UK

Michael Byrne - US

Neil Chantry - UK

George Devereese - UK

Derek Ennis - Ireland

Catherine Estrada - Philipines

Alex Gray - UK

Nigel Hook - US

Eric Johnson - US

Antoine Karim - Austria

Gabriella Katz - Germany

Kamola Makhmudova - UK

Byron McKinney - UK

Vin O'Brien - UK

Alesandra Palmas - UK

Sally Peng - HK

Alexander Resch - France

Saskia Rietbroek - Netherlands

Kaushika Ruwangalla - UK

Radish Singh - Singapore

Chee Seng SOH - Singapore

John Turnbull - UK

Hugo Verschoren - Belgium

Geoff Wynne - UK

Wednesday, May 19 - Day 1 (all times BST/Lon time)

09:00 - 09:10 │ Welcome & Introduction to Day 1

09:10 – 09:50 | The Professor James E. Byrne Memorial Keynote Address:

09:50 – 10:40 | Top News and Trends in Trade and TBFC
• Overview of the top news stories, trends and developments
• Source-of-Wealth, Source-of-Funds
• Brexit - Free trade zones - what to expect from OFSI enforcement in 2021
• Money Laundering from Illicit trade in wildlife – FATF
• 11 Banks fined in UAE
• TBML by means of SBLCs (or guarantees)
• Open account, Supply Chain Financing and Greensill collapse
• Updates re FATF, Wolfsberg, EBA, ICC
• Wolfsberg Questionnaire

Moderator: Neil CHANTRY (Specialist Consultant)
Panelists: Byron McKINNEY (IHS Markit); Graham BALDOCK (Anglo Gulf Trade Bank); 

10:40 – 10:50 | Virtual Coffee Break

10:50 – 11:30 | Shipping Panel
• Risks to and duties of various parties to a shipping transaction (vessel owner, charterer, technical manager, bunker provider, port operator, etc...)
• AIS issues
• What do OFAC, OFSI, and other regulators expect from the various parties to a shipping transaction
• Vessel Registration – searching for ownership too costly?
• Risks to lenders and others that finance the vessel’s cargo, and other operations
• Monetary Authority of Singapore - B/L Registry and transparency

Moderator: Hugo VERSCHOREN (goVer Trade Technologies)
Panelists: George DEVEREESE (IHS Markit); Mike GREEN (OFSI);

11:30 – 12:10 | KYC Panel
• Is due diligence for your customers enough?
• Whose customer is it?
• Understanding what you should know about your customers and their related companies
• What do the Wolfsberg principles say about this?
• KYCC – limitations of cross border privacy laws
• SWIFT – KYC Registry
• Legal Entity Identifier
• Does KYC = Coverage? FI Home office v. branches

Moderator: Geoff WYNNE (Sullivan & Worcester)
Panelists: Louise TAYLOR-DIGBY (SWIFT); John Turnbull (Bank ABC);

12:10 – 12:20 | Virtual Coffee Break

12:20 – 13:00 | Tales from the Trenches

Moderator: Alex GRAY (LIBF)

Panelists: Vin O’BRIEN (China Systems); Vincent C SOEGIJANTO (Maybank)

Thursday, May 20 - Day 2 (all times BST/Lon time)

08:30 – 09:00 | Online Check-In

09:00 – 09:05 | Welcome and Introduction to Day 2

09:05 – 09:45 | Trade-based Money Laundering
• Price checking and over/under invoicing
• Open account trades
• Complicated STR/SAR filings drive TBML
• Time for STR/SAR reporting standards?

Moderator: Neil CHANTRY (Specialist Consultant)
Panelists: Catherine ESTRADA (ADB); Hugo VERSCHOREN (goVer); Graham BALDOCK (Anglo Gulf Trade Bank);

09:45 – 10:25 | Trade Sanctions
• The Biden Administration: 100+ day report card
• Russia | Iran | North Korea | Argentina
• EU / US
• Myanmar: real time dealings with business co-owned by a sanctioned military
• OFAC enforcement trends for 2021 and beyond
• China’s new Export Control Law and competing dual use goods lists

Moderator: Saskia RIETBROEK (ACSS)
Panelists: Sally PENG (FTI Consulting); Hermann ANNINK (RSM Netherlands), Sven BATES (Baker McKenzie); Kaushika RUWANGALLA (HSBC)

10:25 – 10:35 | Virtual Coffee Break

10:35 – 11:15 | Technology and Trade Based Financial Crime 
• Using AI, ship registry data, and GPS
• Fintech/Regtech solutions and Cost-Benefit Analysis
• Big bank v. small bank resourcing
• Virtual Training for bank’s AML and trade staff
• Use of technology and waiver of liability: Who takes responsibility? No one . . .

Moderator: Radish SINGH (Deloitte)
Panelists: Nigel HOOK (TradeSun); Antoine KARAM (UNODC); 

11:15 – 11:45 | Containerization and False Red Flags 
• B/L and actual shipment do not match
• Is it an OFAC violation?
• When is a red flag not a red flag?
• Do we need vessel and container tracking?
• Trans-shipment and fraud

Moderator: Hugo VERSCHOREN (goVer)
Panelists: George DEVEREESE (IHS Markit); Eric JOHNSON (Journal of Containers);

11:45 – 11:55 | Virtual Coffee Break

11:55 – 12:30 | Trade Fraud in 2021: hindsight is 20/20
• COVID vaccine and PPE fraud
• Manage and mitigate fraud exposure
• Asia commodities fraud?
• Solo Industries: lessons forgotten
• Commodities financing - the recent bankruptcies

Discussion: Neil CHANTRY (Specialist Consultant); John TURNBULL (Bank ABC); Alexander RESCH (INTERPOL)

11:55 – 12:30 | Wrap UP and Q&A Panel
• The Intersection of Technology, Experience, and Advice into a Compliance
• Framework you can use
• Key takeaways from the conference
• Certificate in Trade Finance Compliance (CTFC)
• Q&A – Conference Committee

Panelists: Alessandra PALMAS (LIBF); Michael BYRNE (IIBLP); Derek ENNIS (Coastline Solutions);

12:50 – 13:00 | Closing Remarks and Prize Draw