U.S. Trade Sanctions Compliance in the Age of Twitter Diplomacy

Presenters:

Jen Warner Columbia Sportswear, VP of Legal

Diana Genest Columbia Sportswear Company, Senior Global Ethics and Compliance Program Manager

Katie Tangman Columbia Sportswear Company, Director of Global Customs and Trade

Kerry Contini Baker McKenzie, Partner

Program Level: Intermediate

Duration: 62 minutes

Recorded On: December 17, 2019

Program Description

Members of Columbia Sportswear’s Legal team and Customs and Trade team sit down with their outside counsel from Baker McKenzie to discuss the fluid trade sanctions environment that companies find themselves in today. From presidential tweets to executive orders, the current U.S. Administration has been very active in its approach to trade sanctions, leading to high compliance expectations and increasing complexity for companies with international operations.

The panel begins with an overview of what trade sanctions are, the different types of sanctions, and the jurisdictional reach of U.S. sanctions regimes. The group then discusses Columbia Sportswear’s approach to trade sanctions compliance in the current environment, including their use of risk assessments, internal trainings, and third party screening tools to maintain a robust trade sanctions compliance program. The session concludes with an overview of some of the recent U.S. enforcement actions and the impact that violating trade sanctions laws can have on a company economically and reputationally.

Learning Objectives

At the end of this session, participants will have a better understanding of:

  • What U.S. trade sanctions are and how they are applied, both within and outside the U.S.;
  • Spotlight on U.S. trade sanctions targeting Iran, Cuba, Russia, Venezuela, and Turkey;
  • The primary elements of an effective trade sanctions compliance program;
  • The impact of trade sanctions on a company economically and reputationally; and
  • The U.S. government’s approach to enforcement of trade sanction laws, including important takeaways from recent enforcement actions.
CLE Info

This program is currently available for 1.0 general credit in the following states:

Alabama
Alaska
Arizona
Arkansas
California
Connecticut
Georgia
Hawaii*
Illinois
Mississippi
Missouri
Nevada
New Hampshire
New Jersey*
New Mexico
New York
North Carolina
North Dakota
Oklahoma
Pennsylvania
Texas
Vermont
West Virginia
Wisconsin

In addition, we have applied for credit in the following states, and will promptly update the list above as the program is approved in each such state:

Colorado
Indiana
Minnesota
Ohio
Tennessee
Washington

*In Hawaii and New Jersey, we rely on their reciprocity policies pursuant to which our programs are deemed accredited once they are approved in the various reciprocity states where we apply such as California, Illinois, New York, Pennsylvania and Texas.

For information on attendance reporting, please refer to the CLE Info page.

Presenters:

Jen Warner
VP of Legal, Columbia Sportswear

Diana Genest
Senior Global Ethics and Compliance Program Manager, Columbia Sportswear Company

Katie Tangman
Director of Global Customs and Trade, Columbia Sportswear Company

Kerry Contini
Partner, Baker McKenzie

Program Level: Intermediate

Duration: 62 minutes

Recorded On: December 17, 2019