International Sanctions

CPT/CE Eligibility (A Recognized CPT Provider)

(CODE: 220907LU-CEX)

International sanctions are political and economic decisions that are part of diplomatic efforts by countries, multilateral or regional organizations against states, organizations or individuals aiming to protect national security interests, international law or defend against threats to international peace and security.  The recent sanctions imposed on Russia by a host of countries, including the US, the UK, the EU, Canada and etc, following the recent events on the ongoing Russian-Ukrainian conflict is a good example of international sanctions. 

In this webinar, the speaker will walk you through the following key concepts on international sanctions:

1. Overview of U.S. Sanctions
   a. Regulatory Structure
   b. Types of Programs
   i. Embargos
   ii. List based
   -50% Rule
   iii. Sectoral and specialized
   iv. Case studies on Russia and China/HK-related sanctions
2. Key Concepts
   i. Jurisdiction/U.S. Nexus
   ii. Primary versus secondary sanctions and ‘material support’
   iii. Facilitation
   iv. Evasion and Causation
3. Sanctions Risks
   i. Blacklisting, penalties and ‘de-risking’
   ii. Enforcement and Penalties
4. Compliance
   i. Key elements of a compliance framework
   ii. Screening and due diligence best practices
   iii. Sanctions clauses
   iv. Counter-sanctions/blocking statutes

About the Speaker

Mr. David A. Wolber
Of Counsel 
Gibson, Dunn & Crutcher

Mr. Wolber is a Registered Foreign Lawyer (New York) and Of Counsel in the Hong Kong office of Gibson, Dunn & Crutcher.  A member of the Firm’s International Trade and Global Financial Regulatory Practice Groups, Mr. Wolber has over a decade of experience advising financial institutions and corporates around the world on complex legal, compliance, reputational, political and other risks arising out of various economic and trade sanctions, export controls, anti-money laundering and anti-bribery and anti-corruption laws and regulations, with particular experience navigating such issues for clients operating in the Asia Pacific region.  In addition, David routinely advises on U.S. foreign direct investment controls and represents clients before the Committee on Foreign Investment in the United States (CFIUS).  Before rejoining Gibson Dunn this year, David served as global financial crime counsel for HSBC in Hong Kong from 2019-2022, where he advised the bank globally on compliance and risk mitigation strategies associated with various jurisdictions’ sanctions, export controls, AML, ABC and national security laws and regulations, with particular focus on such issues affecting the bank in Asia.  Prior to that, he acted in a similar capacity as global financial crime counsel at MUFG Bank.  David was previously with Gibson Dunn from 2011 to 2017.  Prior to becoming an attorney, David spent more than 10 years in business strategy and development roles at “Big Four” accounting firms and major U.S. law firms.

Rating General- Material presented will be basic and of interest to a general audience having no background in the area. 

CFA Societies Global Passport Program

CFA Society Hong Kong has participated in the CFA Societies Global Passport Program which allows CFA society members to enjoy local society member rate at selected events like this luncheon.  Members of non-CFA Society Hong Kong CFA Institute societies qualify to attend this event at CFA Society Hong Kong member rates.  Please contact CFA Society Hong Kong at events@cfahk.org to register

Remarks

• This Webinar is a complimentary event for all members.
• Upon registration on the Zoom platform, each registrant will be given a unique link for each session, please do not share the link with others.
• Members will be entitled to receive CPT Attendance Letter at NO extra costs after attending the FULL webinar. Please see below for further details.
• To qualify for CPT/CE hours, all participants must attend the full webinar. After the webinar, Society staff will verify participants’ check-in and check-out time from the registration system for the purpose of issuing CPT Attendance Letters. No pro-rata credit hours will be awarded.
• CFA Societies Global Passport Program Eligible.
• The event will be conducted in English.
• The webinar link and email confirmation will be sent to registrant upon successful online registration. 
• A webinar reminder will be sent out 1 day before the event. If you have not received the email confirmation and reminder, it is the delegate’s responsibility to contact CFA Society Hong Kong to confirm their place.
• The webinar will be conducted on Zoom.
• Please log in the webinar link 10 mins in advance of the session start time to allow some time to solve the technical issues (if any) and the webinar will start promptly at 12:30 PM.
• For attendance-taking purpose, participants’ names and company names (if any) may be given to the speaker of this event.
• CFA Society Hong Kong will closely monitor and assess the ongoing situation of COVID-19 in the community. Should there be any changes to the event dates and other arrangements, we will notify participants via SMS and/or email.  Notices will also be posted on Society’s website.  Please stay alert with our notifications.
• The event organizers reserve the right to change the format, date or speakers of the event due to unforeseen circumstances without prior notice.
• In case of dispute, the decision of CFA Society Hong Kong is final, and no further correspondences will be entertained. 
• Please note that no request for an attendance letter will be processed after the event date & registration deadline.