Office of Foreign Assets Control’s Gerard (Jerry) W. LiVigni to Speak at KC’s Event on Understanding Economic Sanctions for Banks & Financial Institutions on 05/28/2009
Jersey City, NJ, April 09, 2009 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcast recently announced that Gerard (Jerry) W. LiVigni, Senior Compliance Officer, Office of Foreign Assets Control, U.S. Department of the Treasury will speak at the Knowledge Congress’ upcoming webcast entitled: “Understanding Economic Sanctions for Banks & Financial Institutions”. This two-hour event is scheduled on May 28, 2009, Thursday, 12:00 PM to 2:00 PM ET. For further details of the event and panelists, please visit http://www.knowledgecongress.org/event_2009_export.html
Event Synopsis:
An increasingly complex global marketplace and increasing expectations by the US government to support foreign policy objectives creates challenges for financial institutions. They must be nimble enough to support their clients' cross border activities while being diligent about the complexities of sanctions regimes, from the US to every jurisdiction in which it operates. The rules governing exports and the challenges of monitoring for vessels and other shipping factors make trade finance especially challenging.
In this Live Webcast, lawyers and other seasoned compliance personnel will provide insight on the hidden risk that even a seemingly innocent money transfer can trigger severe regulatory consequences, along with training and other best practices for managing that risk.
About Gerard (Jerry) W. LiVigni
Mr. LiVigni has over 28 years of International Banking Operations, Anti-Money Laundering, and Bank Secrecy Act compliance experience. Before joining OFAC Jerry was Vice President and Compliance AML Training Officer for BNP Paribas’s bank and securities affiliate offices in the United States. He was responsible for USA Patriot Act AML policies and procedures as well as monitoring BSA and OFAC examination work programs, the “Firm” element and the Annual Firm meeting and training of registered representatives and floor traders at the New York Futures Commodity Mercantile Exchange.
Mr. LiVigni is a key member of the Compliance Outreach and Implementation team at the Treasury Department’s Office of Foreign Assets Control and plays a front line role in the financial war against international terrorists and narcotics traffickers. He provides practical advice on a daily basis to financial institutions from around the world on OFAC compliance issues, routinely interacting with his regulatory and private industry peers.
Jerry believes that the hallmark of addressing OFAC issues either as a financial institution or a “person” who comes under OFAC jurisdiction, one ought to rely on an ethical “clear and reasonable approach” in both their risk assessment and its application. Since 2003 Mr. LiVigni has been a regular presenter at the Federal Financial Institutions Examination Council (FFIEC Institute’s) AML Workshop’s OFAC module. In addition since 2003 Mr. LiVigni has been a regular speaker at the Annual Money Transmitter Regulators Association (MTRA) Conference for MSB State Regulators and Examiners and the MSB industry along with his addressing the International Money Transmitters Convention. Mr. LiVigni was a keynote speaker at the Conference of State Bank Supervisors (CSBS) BSA/AML Emerging Issues Forum. Since 2005 Jerry has been a regular presenter at the NASD (now FINRA) Institute’s Anti-Money Laundering Symposium for OFAC related responsibilities and their impact on the securities industry. In October 2007 and again in November of 2008 Mr. LiVigni was a panelist at the half-day SIFMA and OFAC Symposium specifically addressing OFAC issues with regard to screening of the SDN and Blocked Persons List and implications for the Securities Industry. Since 2006 Mr. LiVigni has been a presenter at the Annual Puerto Rico Bankers Association Symposium on Anti-Money Laundering. For the last three years he has addressed the American Payroll Association’s Capital Summit in Washington, D.C.
Mr. LiVigni has a B.A. degree from York College of the City University of New York. He also holds a New York State Teaching Certification.
About the U.S. Treasury’s Office of Foreign Assets Control (OFAC)
The Office of Foreign Assets Control ("OFAC") of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States. OFAC acts under Presidential national emergency powers, as well as authority granted by specific legislation, to impose controls on transactions and freeze assets under US jurisdiction.
For more information on Gerard (Jerry) W. LiVigni, and the U.S. Treasury’s Office of Foreign Assets Control (OFAC) please visit: www.ustreas.gov/offices/enforcement/ofac
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”
Contact information:
The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
http://www.knowledgecongress.org
info@knowledgecongress.org
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Event Synopsis:
An increasingly complex global marketplace and increasing expectations by the US government to support foreign policy objectives creates challenges for financial institutions. They must be nimble enough to support their clients' cross border activities while being diligent about the complexities of sanctions regimes, from the US to every jurisdiction in which it operates. The rules governing exports and the challenges of monitoring for vessels and other shipping factors make trade finance especially challenging.
In this Live Webcast, lawyers and other seasoned compliance personnel will provide insight on the hidden risk that even a seemingly innocent money transfer can trigger severe regulatory consequences, along with training and other best practices for managing that risk.
About Gerard (Jerry) W. LiVigni
Mr. LiVigni has over 28 years of International Banking Operations, Anti-Money Laundering, and Bank Secrecy Act compliance experience. Before joining OFAC Jerry was Vice President and Compliance AML Training Officer for BNP Paribas’s bank and securities affiliate offices in the United States. He was responsible for USA Patriot Act AML policies and procedures as well as monitoring BSA and OFAC examination work programs, the “Firm” element and the Annual Firm meeting and training of registered representatives and floor traders at the New York Futures Commodity Mercantile Exchange.
Mr. LiVigni is a key member of the Compliance Outreach and Implementation team at the Treasury Department’s Office of Foreign Assets Control and plays a front line role in the financial war against international terrorists and narcotics traffickers. He provides practical advice on a daily basis to financial institutions from around the world on OFAC compliance issues, routinely interacting with his regulatory and private industry peers.
Jerry believes that the hallmark of addressing OFAC issues either as a financial institution or a “person” who comes under OFAC jurisdiction, one ought to rely on an ethical “clear and reasonable approach” in both their risk assessment and its application. Since 2003 Mr. LiVigni has been a regular presenter at the Federal Financial Institutions Examination Council (FFIEC Institute’s) AML Workshop’s OFAC module. In addition since 2003 Mr. LiVigni has been a regular speaker at the Annual Money Transmitter Regulators Association (MTRA) Conference for MSB State Regulators and Examiners and the MSB industry along with his addressing the International Money Transmitters Convention. Mr. LiVigni was a keynote speaker at the Conference of State Bank Supervisors (CSBS) BSA/AML Emerging Issues Forum. Since 2005 Jerry has been a regular presenter at the NASD (now FINRA) Institute’s Anti-Money Laundering Symposium for OFAC related responsibilities and their impact on the securities industry. In October 2007 and again in November of 2008 Mr. LiVigni was a panelist at the half-day SIFMA and OFAC Symposium specifically addressing OFAC issues with regard to screening of the SDN and Blocked Persons List and implications for the Securities Industry. Since 2006 Mr. LiVigni has been a presenter at the Annual Puerto Rico Bankers Association Symposium on Anti-Money Laundering. For the last three years he has addressed the American Payroll Association’s Capital Summit in Washington, D.C.
Mr. LiVigni has a B.A. degree from York College of the City University of New York. He also holds a New York State Teaching Certification.
About the U.S. Treasury’s Office of Foreign Assets Control (OFAC)
The Office of Foreign Assets Control ("OFAC") of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States. OFAC acts under Presidential national emergency powers, as well as authority granted by specific legislation, to impose controls on transactions and freeze assets under US jurisdiction.
For more information on Gerard (Jerry) W. LiVigni, and the U.S. Treasury’s Office of Foreign Assets Control (OFAC) please visit: www.ustreas.gov/offices/enforcement/ofac
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”
Contact information:
The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
http://www.knowledgecongress.org
info@knowledgecongress.org
###
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Therese Lumbao, Director
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tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
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