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ACAMS 18th Annual AML & Financial Crime Conference - Las Vegas

TUE26 - Sanctions Spotlight: The Venezuelan Morass

Sep 24, 2019 3:45pm ‐ Sep 24, 2019 5:00pm


• Tailoring sanctions models to address unique Venezuelan risks including transactions with banned entities, trade-based money laundering and the looting of state enterprises

• Analyzing case studies such as Operation Money Flight to detail Venezuelan PEP and SDN risks and examining methods to launder proceeds such as US real estate purchases

• Keeping staff current on Venezuelan sanctions shifts and utilizing KYE to mitigate risks of rogue employees aiding sanctions avoidance schemes such as payment data stripping


  • Michael Greenman, Senior Vice President, Chief Counsel, AML and Economic Sanctions Law, U.S. Bank


  • Vita Boomstein, CAMS, Vice President, Sanctions & Embargoes Advisory, Deutsche Bank Americas
  • Kyle T. Daddio, CAMS, Chief AML Officer, Interactive Brokers
  • Andrew Simpson, Chief Operating Officer, Chief Operating Officer, CaseWare RCM Inc.
  • Saam Youssefi-Rad, Sanctions Compliance Director - Program Integration and Risk Management, Citigroup

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