Senior Vice President Citigroup, Inc. Washington , DC
Andrew Jensen is a counter illicit finance and financial crimes specialist with nearly a decade of professional experience in senior-level positions with the U.S. Department of the Treasury and in the financial services industry. He is skilled in the development, implementation, and enforcement of economic sanctions and countering the financing of terrorism.
Andrew currently heads the Sanctions Intelligence & Investigations team at Citigroup, based in Washington D.C. In this role, he manages Citi’s OFAC sanctions regulatory compliance, including by providing expert advice to lines of business on OFAC sanctions regulations and Citi’s policies with respect to sanctions. He oversees comprehensive investigations and analysis on potential sanctions breaches and provides guidance on the dispositioning of complex blocked and rejected transactions. He leads communications with respect to major sanctions program changes to relevant business lines and develops and implements associated risk mitigation policies and procedures.
Before joining Citi, Andrew worked at the U.S. Department of the Treasury where he served in several positions. Most recently, he was Assistant Director of Global Affairs in the Office of Terrorist Financing and Financial Crimes where he oversaw anti money laundering and sanctions policy development related to illicit finance threats emanating from the Middle East and North Africa. Prior to this assignment, Andrew was a key contributor to the development of the U.S. strategy to counter the financial activity of Islamic State of Iraq and the Levant (ISIL), and served on the P5+1 expert team that negotiated the technical understandings of the Joint Plan of Action/Joint Comprehensive Plan of Action reached with Iran in the 2013-2015 time frame. Andrew joined Treasury in 2009 and has served as an adviser to the Under Secretary for Terrorism and Financial Intelligence and as an analyst in Treasury’s Office of Intelligence and Analysis focused on weapons of mass destruction proliferation finance. Andrew holds a Masters of Business Administration from Georgetown University and a Bachelor of Arts in Political Science from the University of Utah.
There are many challenges for financial institutions and corporations to staying current on the rapidly changing economic sanctions and counter illicit finance programs. This session will discuss the complex issues to navigate when investigating a potential sanctions breach and provide guidance on the disposition of complex blocked and rejected transactions, and evaluating a potential transaction […]
In these round table sessions, small groups will discuss several practical scenarios which illustrate unique OFAC compliance challenges when investigation transactions, obtaining licenses or conducting business in on near sanctioned countries, including Latin America and Middle East. Scenario 1 – Selling Software in Cuba Covers selling software in Cuba and working with the Cuban Ministry […]