Audience

This presentation is open to full LMA member Lloyd's market legal, compliance, underwriting and claims practitioners. 

Description
 
The LMA is convening an online briefing to consider financial crime and sanctions questions arising for insurers with respect to the insurance of commercial shipping transiting the Strait of Hormuz.

The briefing will be led by John Kimbell KC (Quadrant Chambers), with UK Terrorism Act and other financial crime considerations to be highlighted by Richard Neylon (Holman Fenwick Willan LLP).

The speakers will outline their key legal conclusions, in particular in relation to:

• The sanctions and financial crime implications for existing and new marine coverages.
• Payment of transit fees for the Strait.
• Safeguards that insurers should be considering.
• Related reporting and compliance issues.

Please use this Slido link to submit your questions for the speakers in advance. Questions arising during the briefing will be responded to separately in writing after the briefing.