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Free Non-CLE Webinar on 6/12: Payments and Sanctions Law

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Free Non-CLE Webinar on 6/12: Payments and Sanctions Law

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6/7/18 4:30 PM CT l Author: Lilah Bruton

On Tuesday, June 12, 2018 at 12:00 p.m. EST, the Banking Law Committee will present a free webinar entitled “Payments and Sanctions Law – The Intersection of UCC 4A, OFAC Requirements, and Attempts to Garnish Blocked Funds under TRIA.” This program will explore the intersection of payments and sanctions law in the context of recent attempts by judgment creditors to garnish previously blocked wire payments. The panel will discuss the legal framework for wires under UCC Article 4A, the OFAC sanctions monitoring requirements imposed on banks processing wires, and the evolution of recent case law involving judgment creditors seeking to leverage federal law, such as the Terrorism Risk Insurance Act, to garnish blocked funds.

Program Panelists:
Alaina Gimbert, The Clearing House Payments Company, LLC
Paul Holbrook, HSBC Bank USA, N.A.
Sean McPhee, Phillips Lytle LLP
Will Schisa, Davis Polk & Wardwell LLP

Alaina Gimbert is Associate General Counsel for The Clearing House Payments Company, providing legal support to its wire, ACH, check image, and real-time payment systems.  She is also responsible for following regulatory and legislative developments in the payments, sanctions, and AML space and engaging with regulators, other trade associations, and industry participants to advance the interests of The Clearing House’s payments company and its owner banks.  Prior to joining The Clearing House, Ms. Gimbert was counsel to the Federal Reserve Bank of Atlanta, providing legal support to the Reserve Banks’ national ACH and check services.  

Paul Holbrook is Associate General Counsel for HSBC Bank USA, N.A. and Head of the Payments, Deposits and Bank Operations Practice Group within RBWM Legal.  Mr. Holbrook has extensive experience with the laws, regulations and clearing house rules applicable to wire, ACH, check image, and real-time payments. He is Chair of the Payments & Electronic Banking Subcommittee of the American Bar Association’s Banking Law Committee and past Chair of The Clearing House’s Payments Law Committee.

Sean McPhee is a Partner with Phillips Lytle LLP, based in Buffalo, New York.  Mr. McPhee focuses on civil litigation, primarily in the area of commercial litigation. His practice includes litigating business and real estate disputes, lender liability, business torts, class actions and products liability. He also has significant experience with judgment enforcement proceedings in both federal and state courts.

Will Schisa is counsel in Davis Polk’s Financial Institutions Group and economic sanctions and national security practice, based in Washington, DC.  Mr. Schisa has extensive experience with the economic sanctions laws and regulations administered by the Treasury Department’s Office of Foreign Assets Control (OFAC), having served for nearly 10 years as an attorney in the Office of the Chief Counsel, Foreign Assets Control, the legal office that supports OFAC. 

Registration

Registration for this event is not required.  Simply use the call-in information below to log in or dial-in 5 minutes before the meeting is set to begin.

Call-In Information

To join the online meeting (and add it to your calendar):

  1. Go to: https://intercall.webex.com/intercall/j.php?MTID=mfebe3613d9c089a44dfb233dc3c6a827
  2. When requested, enter your name and email address.
  3. Click "Join".
  4. Provide your phone number when you join the meeting to receive a call back to participate in the audio portion of the webinar.

To join the audio only portion of the webinar, please use the following dial-in and conference code:

  1. Dial-in:  1 (866) 646-6488
  2. Conference Code:  626 278 1418

Program Materials and Past Programs

All recordings and materials from this program and previous programs are available for free for ABA members and can be found on the Banking Law Committee website.