Financial Crime Regulation: Sanctions - Iran & the EU Blocking Regulations - George Voloshin, Aperio Intelligence

Sam Sheen and Marie Lundberg welcome George Voloshin back to the podcast, where they look at the European regulations that prevent businesses from refusing business on the grounds of needing to comply with the USA sanctions regulations related to Iran.  George and the hosts look at court decisions where companies have been challenged by customers who've refused services or ended business relationships - and whether the reasons they gave were considered compliant with the EU Blocking Regulations.  This podcast considers how contract clauses used in your customer agreements may clash with your firm's sanction compliance obligations under those Regulations. Why did one firm successful defend their "No Iran business" OFAC clauses because of correspondent banking?   As always, nothing is as simple as it seems when it comes to sanctions compliance!

Om Podcasten

This podcast was inspired by the evolving Covid-19 restrictions and how it has impacted compliance professionals working in financial crime prevention. Reaching out to individuals across the globe, hosts Samantha Sheen and Marie Lundberg look at how people are adjusting to remote working from home while still keeping up efforts to detect, prevent and disrupt financial crime. The topics covered range from governance, KYC, transaction monitoring to cyber security and accountability.Taking a plain speaking approach, Marie and Sam analyse notable cases involving financial crime, epic “compliance fails” and lessons learnt along the way. And to help fellow compliance professionals keep on top of their CPD, case studies with illustrative slides are also included – a bit like story time for adults – so enjoy.