A Kharon webinar discussed the changes in Australia, which set a far lower ownership threshold for sanctions than the U.S., EU or U.K.

Webinar AUS Minority Ownership

Asia Pacific

With Australian Court Rulings, ‘The Bar Has Lowered’ for Sanctions Violations

Webinar

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China

North America

Forced Labor in the Solar Supply Chain

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A Fireside Chat with DHS Under Secretary Robert Silvers: The Road Ahead for UFLPA Enforcement

During this Quick Take webinar, Kharon’s experts discuss the impact of global sanctions programs targeting Russia. We examine the trajectory of new measures - including a focus on the trade of oil, diamonds, and other restricted items. Additionally, we discuss the evolving evasion networks used by Russia and ways to mitigate associated risk.

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Europe

Russia

Marking Two Years Since the Russian Invasion of Ukraine: The Evolution of Sanctions and Trade Controls & Sanctions, and What's Next

In this session, leaders from the U.S. Department of the Treasury and the Office of the Comptroller of the Currency (OCC), discuss best practices for detecting risk, the use of sanctions and export controls to address national security priorities, as well as current Treasury, OCC, and broad FCC priorities.

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Aligning Regulatory Requirements and National Security Priorities (ft. U.S. Treasury + OCC)

Since November 2, the U.S. and U.K. governments have imposed new measures against more than 200 Russian and foreign persons involved in Russia’s economy and its sanctions and export control evasion. The sweeping new measures include sanctions against defense-related entities and procurement agents that have acquired dual-use electronics in violation of Western sanctions and trade controls.

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Examining Recent U.S. and U.K. Sanctions Against Russia

As businesses around the world work to navigate the complexities of sanctions evasion, Kharon and experts from ACFCS’s Nordics chapter delve into the <a href="https://finance.ec.europa.eu/news/sanctions-commission-publishes-guidance-help-european-operators-assess-sanctions-circumvention-risks-2023-09-07_en">EU's recent guidance</a> to European operators to assess sanctions evasion risk. 

 
In response to Russia's war in Ukraine, the EU has imposed sanctions aimed at weakening Russia's war-financing abilities. However, according to the European Commission’s September 7th guidance, sanctioned actors are employing a variety of strategies to circumvent these sanctions, including falsifying the nature or origin of goods, relying on shipment through third countries, concealing their assets, and more.

 
This presents an increased risk for European companies of inadvertently dealing with sanctioned entities, making it essential for businesses to enhance their due diligence practices. The EU's guidance and their recently published lists of HS Codes of sanctioned high-priority goods are crucial tools in this effort.  
During this webinar, our experts discuss this new guidance, provide insight into using customs codes (HS Codes) for identifying Russian evasion, and share best practices in due diligence and strategies for identifying Russian circumvention.

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Addressing Sanctions Evasion in the Nordics: From Policy to Real World Action

Kharon and Chainalysis experts sit down for a detailed discussion on the complexities of Hamas’s financial networks, including their utilization of crowdsourcing, business empires, and cryptocurrency. This program showcases Hamas’s latest financing typologies while demonstrating how compliance officers and businesses can take steps to identify their exposure and manage risk in relation to Hamas’s financing. Kharon researchers are actively tracking Hamas’s financial facilitation efforts. In the days since the October 7th terrorist attack, Kharon identified multiple fundraising efforts, front companies spanning three continents, and pinpointed specific Western bank accounts and payment services utilized by Hamas. At the same time, Chainalysis tracked this activity through on-chain research and will shed light on the movement of terrorist fundraising campaigns across the blockchain.

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Middle East

Addressing Hamas’s Financing Operations: From Front Companies to Business Interests, Cryptocurrencies to Crowdsourcing

Join Kharon, Resilinc, and Miller &amp; Chevalier experts in this webinar as they delve into the complexities of supply chain risk and compliance and explore strategies to build more resilient supply chains. In an increasingly complex global landscape, supply chain risk management continues to be a critical concern for businesses across sectors. From forced labor concerns under the UFLPA, geopolitical tensions with Russia and China, and opaque supply chains due to sanctions evasion, the challenges are multifaceted and ever-evolving.  In this webinar, our experts delve into these pressing issues and discuss the importance of due diligence, data, and the right tools in building a resilient supply chain.

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Building Resilient Supply Chains: Insight and Strategies for Managing Global Risk

On October 7th, Hamas launched an unprecedented attack on Israel. While the sanctioned terrorist group has long received support and funding from the Iranian government, Hamas has also benefited from an extensive global network of charities, fronts, facilitators, and advocates involved in raising funds for its activities.  Following the recent terrorist attacks on Israel, organizations that have been tied to and advocated for Hamas have launched public fundraising campaigns with the stated purpose of providing aid to Gaza. These campaigns rely on online payment platforms, social media sites, and accounts at global financial institutions.    In this Quick Take, Kharon’s experts examine Hamas's fundraising methods, discussing how these funds move across borders and through the financial system. We also examine fundraising efforts tied to Hamas that have launched around the world in the immediate wake of the terrorist attack.  This webinar looks at the tactics used by Hamas, providing insights to detect, monitor, and counteract potential threats and violations in the global financial system: Specifically, during the program, Kharon’s experts:  <ul> <li>Delve into the core fundraising mechanisms used by Hamas, including its extensive use of charities. </li> <li>Track the journey of funds, including looking at how Hamas navigates the international financial system and attempts to evade detection. </li> <li>Examine new fundraising efforts for Gaza that have launched in the last several days, identifying key methods used to raise and move funds such as crowdsourcing, deposits to traditional bank accounts, cryptocurrency transfers, and more. </li> </ul>

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Quick Take: Analyzing Current Trends in Hamas’s Fundraising and Support Networks

Join experts from Perkins Coie and Kharon for an in-depth discussion on the U.S. government’s recent Tri-Seal Guidance Notes focused on compliance with sanctions, export controls, and national security laws. We dive into U.S. guidance on countering Russian evasion and on voluntary self-disclosures of potential violations of sanctions and export control laws. Following Russia’s invasion of Ukraine, the United States and its partners have implemented a series of sanctions and export controls designed to punish Moscow and degrade various military, financial, and economic capabilities dependent on western technology and financial markets. In March 2023, the Department of Commerce’s Bureau of Industry and Security (BIS), the Department of Justice (DOJ), and the Department of the Treasury’s Office of Foreign Assets Control (OFAC) released their Tri-Seal Compliance Note emphasizing the need for continued vigilance on attempted Russian sanctions and export controls evasion. This guidance outlined evasion red flags through third-party party intermediaries including transshipment through high-risk jurisdictions, transactions with companies with little to no online presence, obscurement of product end user, and employment of shell companies for processing international wire transfers. Additionally, Deputy Attorney General Lisa Monaco has recently stated publicly that sanctions evasion should be a top priority for every company’s compliance program. In June 2023, the Department of Commerce, Department of the Treasury, and the Department of Justice released their Tri-Seal Compliance Note providing updated guidance for the DOJ’s voluntary self disclosure policy. The policy is designed to provide incentives for companies to come forward when they identify potential criminal violations of these and other U.S. sanctions and export control laws.

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Strengthening Compliance: U.S. Government's Tri-Seal Guidance and DOJ Call for Sanctions Evasion Vigilance

Experts from Kharon, TrusTrace, and ArentFox Schiff provide insights on navigating the current and developing international guidance related to forced labor. As global forced labor regulations continue to evolve, companies face heightened due diligence expectations, so it's crucial for businesses to proactively prepare for changes in compliance expectations and scrutiny.  The session provides an overview of new and developing global policies that will soon impact industry, including regulations from both Europe and North America. The webinar delves into addressing practices that businesses can institute to comply with existing forced labor guidance, while also preparing for new regulations. Our experts offer practical guidance on compliance with forced labor regulations. They detail the necessary data companies need to gather, explain the materials required to respond to a detention of goods, and demonstrate how technology can be leveraged to proactively prepare for forced labor risk.

Webinars