Kharon

Meet the Kharon team at industry events around the world this October: • October 8-10: Visit our team at booth #34 at the ABA/ABA Financial Crimes Enforcement Conference in Arlington, VA: https://bit.ly/3zzJjXd • October 20-22: Meet us in Texas at the 2024 ICPA Fall Conference. Come to Booth #4 for insights from our team and an interactive demo session: https://bit.ly/4f7JOa7 • October 23-24: Kharon is a proud sponsor of ACSS’s 6th Annual International Conference on Global Sanctions and Export Controls. Visit our booth to learn more about our solutions for sanctions and financial crime compliance: https://bit.ly/3ZKPK4g • October 29: Kharon team member, Dane Shelly, will be exhibiting at the Joint Industry Outreach on Strategic Trade Management 2024 in Singapore: https://bit.ly/4eLrZ08 • October 27-30: Our team will be hosting demo sessions at the Carahsoft booth #1501 at DODIIS Worldwide. Visit us to see our solutions in action: https://bit.ly/3ZRhtAq

Next week, our team will be attending the ABA/ABA Financial Crimes Enforcement Conference in Arlington, VA from October 8-10. Be sure to visit us at booth #34 to learn about our research and solutions or receive a quick demo. Learn more: https://bit.ly/3Br1lLA

US Targets Iranian Election Interference, Chinese Steel and Aspartame Companies Added to UFLPA Entity List, and More... This week on the Kharon Readbook:

Kharon examined 18 Chinese firms with supply chains originating in Xinjiang, a Chinese region with widespread allegations of forced labor, that shipped products to Canadian companies, including food and auto parts. Nearly half of these companies continued to make shipments as recently as August, despite a Canadian law that went into effect on Jan. 1 to prevent such activities. Read the full article here: https://lnkd.in/g_9nygrz

We are proud to support last week’s ACSS French Chapter in Paris. Thank you to ACSS and the presenters for the insightful discussions on regulations in France and across Europe.

Last week, during the U.N. General Assembly, the G7 released updated guidance for industry on combatting Russia’s evasion of export controls and sanctions. The guidance highlights high-risk goods and urges industries to stay vigilant against red flags such as suspicious shipping routes and shell companies. Read more about the G7’s guidance and their recommendation for industry compliance: https://bit.ly/3Y65ZHQ

US Targets IRGC-QF and Hizballah Trade Networks, G7 Announces Guidance on Preventing Sanctions and Export Control Evasion, and More... This week on the Kharon Readbook:

A new Senate report reveals significant compliance gaps in the U.S. semiconductor industry regarding export controls. Key takeaways from this report include: • a rise in exports to transshipment hubs • a call for stronger audits and visibility in supply chains Read the full article here: https://hubs.ly/Q02R7qGK0

The U.K.’s Office of Financial Sanctions Implementation (OFSI) has issued guidance this month on protecting companies from North Korean IT workers disguised as freelancers. In our latest article, we outline the key red flags and actionable steps OFSI identified to help firms strengthen their security and avoid inadvertently funding the North Korean government. Read the full article here: https://hubs.ly/Q02QXXj60

ACAMS Las Vegas begins today, and our team is excited to be part of this year's event. Be sure to tune into the panel "Which Way Next? Navigating an Expanding Labyrinth of Trade Sanctions and Export Controls”, tomorrow at 2:35 pm, where our CCO, Howard Mendelsohn, will be sharing his perspective alongside Kerri Bent, Americas Head of Sanctions at UBS, Mike Greenman, Senior Vice President and Chief Counsel for Financial Crimes Legal of U.S. Bank, and Christopher Ruzich, JD, CAMS, and Head of Financial Crime Intelligence Unit at Deutsche Bank. If you are interested in meeting with a member of our team or would like a demo, visit us at booth #205.