Wednesday, February 10, 12:45 – 1:55 PM, Furman Hall, 334
About the Event:
Singapore recently convicted and fined a shipping company for “proliferation financing” by helping North Korea finance the largest interdicted shipment of arms to North Korea since the imposition of modern day sanctions. More countries will likely follow suit. The Singapore court found that the Singapore statute implementing UN sanctions imposes strict liability when it comes to financial transactions, and the burden is on the company to prove due diligence as a defence. Many other countries have similarly implemented UN sanctions in this area without a mens rea, although not in the US. Does this make sense? Is it fair to multinational companies and banks? These and other questions relating to the prosecutions of UN sanctions violations will be discussed.
https://www.washingtonpost.com/world/singaporean-company-guilty-of-transferring-money-for-north-korea/2015/12/14/e88f322a-a26a-11e5-8318-bd8caed8c588_story.html
About the Speaker:
Sandy Baggett is a Senior Legal Consultant focusing on white-collar criminal defence, government investigations and related civil litigation at Freshfields Bruckhaus Deringer (New York and Singapore). She was previously a prosecutor in the Attorney General’s Chambers of Singapore, where she served as Deputy Director for Financial and Securities Offenses, and where she focused on fraud, market misconduct, sanctions, money laundering and corruption, and managed a broad range of complex high-profile white collar-related investigations and prosecutions. In this role, she also spent time on secondment to the UK Serious Fraud Office. Prior to joining the Attorney General’s Chambers of Singapore, Sandy taught law as a faculty member at the National University of Singapore. Earlier in her career, she served as a homicide prosecutor in the Bronx District Attorney’s Office in New York, and as a Judge Advocate in the United States Army. Sandy earned both her LLM and BFA from NYU.