Perry Center Professor Speaks on US Sanctions Against Cuba, Nicaragua and Venezuela

ACAMS Symposium
Photo Credit: ACAMS Symposium
May 20, 2021

On May 20, 2021, Perry Center Professor Celina Realuyo spoke on "Keeping in Step with the Latest Sanctions Changes and Executing a Sanctions Management Master Plan" at the 2021 Anti-Financial Crime/CFT Symposium for the Dutch Caribbean, for more than 100 virtual participants, organized by ACAMS (Association of Certified Anti-Money Laundering Specialists). Professor Realuyo provided an update on US sanctions against Cuba, Nicaragua and Venezuela. The panel including Milton Mendez, AFC/CFT Expert, (Puerto Rico), Ulrich de la Paz, Manager Sanctions, AML/ATF Models and Analytics, Maduro & Curiel’s Bank NV (Curacao) and Candice Huggins, Chief Compliance Officer, CIBC First Caribbean (Barbados) discussed tailoring sanctions oversight models to address unique risks of Caribbean jurisdictions involving Venezuela and Cuba, incorporating a robust sanctions management master plan, and implementing country-specific sanctions and broader threat financing controls to detect and resolve red flags.