mldc conference 2012 brochure
TRANSCRIPT
Register today at MoneyLaunderingConference.com
March 19-21, 2012 TheWestinDiplomat•Hollywood,Florida
ANTI-MONEY LAUNDERINGANTI-MONEY LAUNDERING17TH ANNUAL INTERNATIONAL
CONFERENCE Co-Organized by
SAVE $300 with code WEB-300. See back pg for details.
J. ChRis WaRReneRSection Chief, Terrorist Financing Operations Section, Division 13 Federal Bureau of investigation
adaM szuBinDirector, Office of Foreign
Assets Control (OFAC) us department of Treasury
diana B. henRiquesSenior Financial WriterThe New York Times
Author of The Wizard of Lies
NYT
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HigH-Profile Keynote SPeaKerS:
Diamond Sponsor Platinum Sponsor Gold Sponsor
The PreeminenT Global aml Forum
ANTI-MONEY LAUNDERINGANTI-MONEY LAUNDERING17TH ANNUAL INTERNATIONAL
CONFERENCE
Other aML Conferences
Participation across industries including banking, securities,
MSBs and insurance Exclusive to banking
International speakers and attendees from 80+ countries
US-centric sessions and speakers
Topics include elder abuse, audit, fraud, corruption and other financial crime Only AML
Partnerships with internationally renowned associations, including ACAMS Limited endorsements
ACAMS has always welcomed the opportunity to participate with our colleagues at the MoneyLaundering.com conferences. I am pleased to announce that this year ACAMS is playing a much larger role in planning MoneyLaundering.com’s 17th annual international aML Conference.
As co-organizers for 2012, I have ensured that topics, speakers and activities that are representative of the ACAMS community are included to support this highly acclaimed program.
In addition to the conference program, the pre- and post- conference workshops continue to address the critical issues you have told us you need to keep pace with the vast array of AML and related issues.
With a stronger ACAMS presence this March in Hollywood, you will benefit from MoneyLaundering.com’s superb reputation. Do not miss this valuable opportunity for hands-on training from the experts—register your team today.
I look forward to seeing you in Hollywood!
Sincerely,
John J. Byrne, CAMS executive Vice PresidentAssociation of Certified Anti-Money Laundering Specialists (ACAMS)
A Special Message from ACAMS’ Executive Vice President
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Since 1994 the MoneyLaundering.com annual conference has hosted nearly 10,000 executives at the world’s largest multi-industry forum for unparalleled executive networking and leading-edge global intelligence. No other AML conference provides as many thought-provoking sessions or offers as much informal face time with an international “Who’s Who” of AML. Public and private institutions—across all regions, asset sizes and industries— mark their calendars annually for this all-inclusive AML event.
RegisterToday! MoneyLaunderingConference.com +1305.530.05002
SPonSorS & exhibiTorS
PLATInuM SPOnSOR
ernst & young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 141,000 people are
united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
ernst & young refers to the global organization of member firms of ernst & young Global Limited, each of which is a separate legal entity. ernst & young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit www.ey.com.
ey.com
Contact Andrea Winter at +1 917.214.6875 or
[email protected] for information about
customized sponsor and exhibitor packages
AML Education Session & Cocktail Reception
www.boozallen.com/FAS
AML Education Session
deticanetreveal.com
AML Education Session
dowjones.com/riskandcompliance
Conference Bag & Lanyards
gv-systems.com
Registration
safe-banking.com
SPOnSORSDIAMOnD SPOnSOR
KPMG ForensicSM is an international network of professionals within KPMG’s member firms who are committed to helping businesses prevent, detect, and respond to serious integrity
risks. Consisting of a diverse team of former prosecutors, regulators, and law enforcement agents, as well as forensic accountants and IT professionals, KPMGs Forensic professionals help a broad spectrum of financial institutions develop robust compliance programs, including anti–money laundering (AML), fraud, and misconduct programs. our clients, which include banks, securities firms, credit card operators, mutual funds, casinos, and Money Services Business, can confidently face the challenges posed by the USA PATrIoT Act, Bank Secrecy Act, as well as fraud and misconduct. our specific AML services include risk identification, assessment and categorization, investigation, lookbacks, gap analysis, restructuring, monitoring, and training and education. In today’s volatile business climate, KPMG Forensic can help keep your business pointed in the right direction.
us.kpmg.com
EXHIBITORS
GOLD SPOnSOR
regulatory DataCorp Inc., known as rDC, is the industry’s fastest growing risk intelligence company, delivering powerful, decision-ready due diligence information and world-class risk and compliance protection, allowing global organizations to identify banned or suspect entities, strengthen fraud protection, ensure regulatory compliance, manage supply and distribution risk, and protect their brand equity.
rdc.com
ACAMS
Accuity
AML Analytics
Aquilan Technologies Incorporated
Booz Allen Hamilton
ComplianceAdvantage.com
Detica NetReveal
Dow Jones Risk & Compliance
Ernst & Young
Esri
FinScan
FircoSoft
GlobalVision Systems, Inc.
KPMG
MoneyLaundering.com
NICE Actimize
PwC
RDC
Safe Banking Systems
TAMLO
Thomson Reuters
U.S. Immigration and Customs Enforcement - Homeland Security Investigations
World Compliance
ViewthecompletelistofsponsorsandexhibitorsatMoneyLaunderingConference.com 3
ProGram aT-a-Glance*
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Pre-conference WorkShoPS — SUnDaY, March 189:30 AM – 4:30 PM CAMS Examination Seminar (Separate registration required.)
1:00 PM – 2:00 PM Pre-Conference Workshop Check-in (Separate registration required.)
2:00 PM – 5:00 PM WORkshOp a: Benchmarking Your AML/CTF Program: Assessing Deficiencies to Avoid an Investigation
2:00 PM – 5:00 PM WORkshOp B: Counter-Terrorist Financing: new Intelligence Methods to Detect, Deter, and Disrupt Terrorist Financial Operations
MaIn conference DaY one — MonDaY, March 197:30 AM – 6:30 PM Registration Desk Open
Registration courtesy of Safe Banking Systems. Conference Bag and Lanyard courtesy of GlobalVision Systems, Inc.
7:30 AM – 7:00 PM Exhibit Hall Open
7:30 AM – 8:30 AM Networking Breakfast in Exhibit Hall
G e n e r a l S e S S I o n S8:30 AM – 8:40 AM Welcome Remarks
8:40 AM – 9:25 AM keynote Interview: Adam Szubin, Director, Office of Foreign assets Control, us department of the Treasury9:25 AM – 10:35 AM paneL disCussiOn: CASE STUDY Critical Insight from Recent Enforcement Actions: What Lessons Can Financial
Institutions Learn?
10:35 AM – 11:05 AM Networking and Refreshment Break in Exhibit Hall
11:05 AM – 12:15 PM paneL disCussiOn: Preparing for the next Generation of Money Launderers: Mitigating Threats Posed by m-Payments and e-Money
12:15 PM – 1:30 PM Networking Luncheon
c o n c U r r e n T S e S S I o n S1:30 PM – 2:45 PM Global Risk and
OpportunitiesAudit Techniques and Tools
Trends in Technology Latin America and the Caribbean
Non-Depository Institutions
MSB Working Group
Building a Solid Compliance Program to Mitigate Risk in Brazil, Russia, India, China and South Africa (BRICS)
Connecting the Dots with Auditors and Examiners: Overcoming Training Challenges to Ensure Effective Communication
New Trends in e-Payment Methods: Understanding the Virtual Customer
Implementing the Foreign Account Tax Compliance Act (FATCA) and US Tax Provisions in Your Compliance Program
Understanding FinCEN’s Requirements of Foreign MSBs and Implications for US Financial Institutions
Multi-State Examinations: Best Practices to Manage and Meet Regulators’ Expectations
2:45 PM – 2:55 PM Time to move to next session
2:55 PM – 4:10 PM Global AML Compliance Audit Techniques and Tools
AML Education Session Latin America and the Caribbean
Non-Depository Institutions
Small Institutions Working Group
The Foreign Account Tax Compliance Act (FATCA) from an AML Perspective: Tax, AML and KYC Come Together
Understanding the Role of Audit and Management Testing in Your Institution
Counter-Terrorist Financing: New Intelligence Methods to Detect, Deter, and Disrupt Terrorist Financial OperationsCourtesy of Booz Allen Hamilton
Identifying the Correspondent Banking Risks of Dollarized Economies in the Caribbean
Insurance Focus: OFAC Sanctions Risk Management: Prevention, Challenges and Outlook
Tailoring Your Transaction Monitoring System to Meet Your Institution’s Needs
4:10 PM – 4:40 PM Networking and Refreshment Break in Exhibit Hall
4:40 PM – 5:55 PM Global AML Compliance Audit Techniques and Tools
Trends in Technology Global Risk and Opportunities
Non-Depository Institutions
AML Education Session
CASE STUDY Remodeling Operational Structure: A New Approach to AML
Performing an IT Audit: Know the Challenges to Maintain Sound Operations
CASE STUDY Combating Online Payment Fraud: Implement Controls to Protect your Customers and Comply with FFIEC Guidelines
CASE STUDY Operation Pacific Rim: the Take Down of a Billion-Dollar Colombian Drug Trafficking Organization
Securities Focus: Reverse Mergers, Penny Stock and Micro-Cap Securities Fraud—What are the AML Risks and Regulatory Expectations?
Courtesy of Dow Jones
6:00 PM – 7:00 PM Networking Reception in Exhibit Hall courtesy of ACAMS
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MaIn conference DaY TWo — TUeSDaY, March 20 7:30 AM – 6:00 PM Registration Desk Open
Registration courtesy of Safe Banking Systems. Conference Bag and Lanyard courtesy of GlobalVision Systems, Inc.7:30 AM – 6:00 PM Exhibit Hall Open7:30 AM – 8:30 AM Networking Breakfast in Exhibit Hall
G e n e r a l S e S S I o n S8:30 AM – 9:15 AM keynote Presentation: Chris Warrener, Section Chief, Terrorist Financing Operations Section, Division 13,
Federal Bureau of investigation9:15 AM – 10:30 AM paneL disCussiOn: Assessing the Effectiveness of the Financial Action Task Force (FATF): Are the 40+9
Recommendations Working?10:30 AM – 11:00 AM Networking and Refreshment Break in Exhibit Hall11:00 AM – 12:15 PM paneL disCussiOn: Global Anti-Bribery Initiatives: Preparing for the Impact of the Foreign Corrupt Practices Act (FCPA) and
uK Bribery Act Requirements 12:15 PM – 1:30 PM Networking Luncheon
c o n c U r r e n T S e S S I o n S1:30 PM – 2:45 PM Global AML Compliance Global Risk and
OpportunitiesLatin America and the Caribbean
Non-Depository Institutions
Small Institutions Working Group
AML Education Session
Abiding by Foreign Privacy Laws when Performing Enhanced Due Diligence
Tackling the Global Threat of Trade-based Money Laundering
CASE STUDY Emerging Money Laundering Threats in South America: American Deposit Receipts (ADRs) and US Securities Markets
MSB Intensive: Developing Effective Suspicious Activity Reports (SARs/STRs)
Overcoming the Challenges of EDD: Completing a Risk Assessment of Your CIP Program
Courtesy of Detica NetReveal
2:45 PM – 2:55 PM Time to move to next session
2:55 PM – 4:10 PM Global AML Compliance Global Risk and Opportunities
Latin America and the Caribbean
Non-Depository Institutions
Securities Working Group
Trends in Technology
Obtaining Funding for Your AML Program: How to “Sell” AML and Compliance Internally
DEBATEDEBATE Balancing Law Enforcement Partnerships with Regulator Expectations
Blocking Illicit Proceeds: Understanding the Effects of Mexico’s New Money Laundering Legislation
The 21st Century MSB: Implementing New Regulations, Analyzing Migration Trends and Adopting New AML Surveillance Systems
Beneficial Ownership Assessment and Management
Merging Fraud and AML Investigations: Connecting Intelligence through Technology
4:10 PM – 4:40 PM Networking and Refreshment Break in Exhibit Hall
4:40 PM – 5:55 PM Global AML Compliance Global Risk and Opportunities
Latin America and the Caribbean
Non-Depository Institutions
Insurance Working Group
Global AML Compliance
Outsourcing and Off-Shoring AML: Identifying Best Practices and Common Pitfalls
Understanding the Financial Institution’s Role in Preventing Elder Abuse
The Independent Audit Process in the Caribbean: Strategies for Working with Regulatory Authorities and Creating Internal Oversight
Securities Focus: Addressing Increased Expectations of International Regulators
AML Training Strategies for Insurance Agents and Producers
DEBATEDEBATE Dodd-Frank’s Whistleblower Provisions: Do They Protect the AML Professional?
6:00 PM – 7:00 PM author Book signing with diana B. henriques6:00 PM – 7:00 PM Networking Reception courtesy of Booz Allen Hamilton
MaIn conference DaY Three — WeDneSDaY, March 217:30 AM – 12:15 PM Registration Desk Open
Registration courtesy of Safe Banking Systems. Conference Bag and Lanyard courtesy of GlobalVision Systems, Inc.7:30 AM – 10:45 AM Exhibit Hall Open
7:30 AM – 8:30 AM Networking Breakfast in Exhibit Hall
G e n e r a l S e S S I o n S8:30 AM – 9:15 AM keynote Presentation: Diana B. Henriques, Senior Financial Writer, The new York Times, Author of The Wizard of Lies,
The White Sharks of Wall Street, Fidelity’s World and The Machinery of Greed9:15 AM – 10:30 AM paneL disCussiOn: Designing an AML Framework for the new Global Financial Crime Paradigm
10:30 AM – 11:00 AM Networking and Refreshment Break in Exhibit Hall 11:00 AM – 12:15 PM paneL disCussiOn: The Way Forward: Challenges and Opportunities in Compliance in the Year Ahead12:15 PM – 12:30 PM Closing Remarks
PoST-conference WorkShoPS — WeDneSDaY, March 211:00 PM – 2:00 PM Post-Conference Workshop Check-in (Separate registration required.)2:00 PM – 5:00 PM WORkshOp C: understanding International Sanctions Requirements to Mitigate Risk and Prevent Penalties
2:00 PM – 5:00 PM WORkshOp d: Effectively Managing Your AML Quality Assurance Program
*Program and speakers subject to change. Visit MoneyLaunderingConference.com for updates.
conFerence ProGramGet the most out of your conference experience by attending targeted pre- and post-conference workshops. Each half-day session offers in-depth, practical guidance to augment your knowledge and provide you with tools and strategies that you can immediately apply to your AML program. (Separate registration is required. Workshop registration includes materials and refreshments. See back page for registration details.) Pre-conference WorkShoPS sunday, March 18 | 2:00 pM – 5:00 pM
WORkshOp a: Benchmarking Your aML/CTF program: assessing deficiencies to avoid an investigation
WORkshOp B: Counter Terrorist Financing: new intelligence Methods to detect, deter, and disrupt Terrorist Financial Operations
With so many well-established institutions under intense regulatory scrutiny for failure to implement effective AML programs, this must-attend workshop is tailored to the needs of compliance professionals in global banks and financial institutions. Let expert presenters walk you through details of recent enforcement actions and pinpoint the specific missteps that led to the breakdown of the compliance program. Then, participate in exercises to assess your institution’s vulnerabilities and outline a plan to correct weak spots. Strategies to navigate the massive complications of acquiring and merging with another entity will also be outlined. And finally, the scope of your institution’s internal audit process will be explored as an essential step to test your program’s effectiveness.
Attend this hands-on workshop to:• Calibrate your AML program to the specific risks your
institution faces• Ensure that written policies and procedures are adhered
to across the organization• Apply consistent data system controls to accommodate
conflicts across jurisdictions• Review the key elements of a successful audit and learn how
to apply findings to strengthen your institution’s program• Learn to adequately address regulatory questions and
expectations regarding EDD and other processes
Through actionable intelligence, this workshop shows you how to mitigate the risk to your financial institution of money laundering and fraud by terrorist organizations. Join your peers in a unique task-based workshop that places you in the middle of a Terrorist financing operation—will you be able to detect, deter, and disrupt that operation? Don’t miss this opportunity to learn awareness techniques that can elevate your existing AML/BSA program into an AML/BSA/CTF program.
This targeted workshop empowers you to:• Step inside the mindset and modus operandi of a terrorist
financier• understand how the due diligence and investigations
process is integral to the intelligence cycle• Recognize fundraising typologies and the abuse of financial
products• Engage in the 360° view of financial intelligence to mitigate
illicit fund movement
PoST-conference WorkShoPS Wednesday, March 21 | 2:00 pM – 5:00 pM
WORkshOp C: understanding international sanctions Requirements to Mitigate Risk and prevent penalties
WORkshOp d: effectively Managing Your aML quality assurance program
It is expected that financial institutions around the world understand and fulfill their obligations under the uS Department of Treasury’s Office of Foreign Assets Control (OFAC) rulings and other issuances. However, a plethora of sanctions programs outside the united States also require extra-territorial compliance—and many of these requirements pose potential compliance conflicts. This hands-on workshop provides up-to-date information on extra-territorial sanctions programs and offers detailed compliance recommendations to help prevent sanctions violations from harming your institution’s reputation and bottom line.
You will learn:• How to stay abreast of OFAC, united nations, and other
jurisdictional sanctions program• Strategies for linking sanctions management with KYC
and enhanced due diligence • How to uncover the true relationship between a business
counterpart and sanctioned countries • Tips to identify and mitigate your exposure to indirect
sanctions risk• Best practices for monitoring, reporting and investigating
sanctions-related issues
Regulator expectations around AML quality assurance programs are increasing to now require a fully developed AML audit program. Previously, regulators simply posed a level of sophistication and detail approaching that of a bank’s QA program, but compliance officers are finding they are now expected to offer a detailed analysis of their QA program’s effectiveness, quality and timeliness. How can you prepare for this transition to ensure you have an appropriate system in place? How can you stay ahead of the regulatory curve? Attend this workshop to learn the essentials of a solid QA program.
In this interactive workshop, you will:• Assess gaps and establish key elements to consider within
your QA program• understand current regulations and guidelines to achieve
an acceptable quality assurance review and stay ahead of the regulatory curve
• Learn to link your institution’s QA program with the AML compliance process
RegisterToday! MoneyLaunderingConference.com +1305.530.05006
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March 19-21, 2012•TheWestinDiplomat•Hollywood,Florida
ANTI-MONEY LAUNDERINGANTI-MONEY LAUNDERING17TH ANNUAL INTERNATIONAL
CONFERENCE
General SeSSIonS
Of critical importance to the entire AML community, these high-level presentations by industry luminaries address what lies ahead, provide insight into new laws and regulations, analyze lessons learned from the latest enforcement actions and demonstrate global best practices you can apply to your own AML program immediately upon your return to the office. These sessions also provide a foundation for the breakout sessions throughout the conference, outlining the key issues in preparation for deeper dives into their impact on your firm’s AML program.
Critical insight from Recent enforcement actions: What Lessons Can Financial institutions Learn?
Monday, March 19 | 9:25 AM - 10:35 AM
• Analyze lessons learned from recent enforcement actions• Determine the implications of US regulatory and law
enforcement actions for your compliance policies and procedures
• review international enforcement trends and their impact on your organization
preparing for the next Generation of Money Launderers: Mitigating Threats posed by m-payments and e-Money
Monday, March 19 | 11:05 AM - 12:15 PM
• Understand the types of criminal activity facilitated by mobile communications
• Identify other innovative electronic payment products that could be used for money laundering
• Investigate emerging challenges in South Asia, Latin America and Africa and their impact on your compliance operations
assessing the effectiveness of the Financial action Task Force (FaTF): are the 40+9 Recommendations Working?
Tuesday, March 20 | 9:15 AM - 10:30 AM
• evaluate the FATF’s accomplishments to date in creating a global AML standard
• Learn how the revised standards will address 40+9 deficiencies
• examine the concrete steps that member states must take to meet existing and proposed FATF guidelines
Global anti-Bribery initiatives: preparing for the impact of the Foreign Corrupt practices act (FCpa) and uk Bribery act Requirements
Tuesday, March 20 | 11:00 AM - 12:15 PM
• Understand the effect of extraterritorial bribery and corruption legislation and regulation on your AML operations
• Address the challenges of identifying PePs and ascertaining your customers’ participation in corrupt activity
• Pinpoint vulnerabilities in your institution’s program and identify your highest risk areas
• examine the efficacy of international initiatives such as the United nations Convention Against Corruption and the organisation for economic Co-operation and Development (oeCD) Anti-Bribery Convention
designing an aML Framework for the new Global Financial Crime paradigm
Wednesday, March 21 | 9:15 AM - 10:30 AM
• Gain insight into how the proposed FATF recommendations could shape your AML policies and procedures
• Determine how to deal with ever smarter financial criminals who can undermine your institution
• Understand how region-specific requirements can thwart your enterprise-wide CDD and eDD practices
• Learn global program standards and gain insight into how your institution can implement them
The Way forward: challenges and opportunities in compliance in the Year ahead
Wednesday, March 21 | 11:00 AM - 12:15 PM
Visit MoneyLaunderingConference.com for updates on this session, which promises to be a dynamic discussion about the most critical issues affecting you over the next several months.
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Author Book Signing: The Wizard of Lies TueSdAy, 6:00 PM Stop by the book signing table in the foyer to get your signed copy of The Wizard of Lies by diana B. Henriques
RegisterToday! MoneyLaunderingConference.com +1305.530.05008
concUrrenT SeSSIonS
GloBal aMl coMPlIance
Navigating the intricacies of global AML regulations to maintain sound international operations is one of the biggest obstacles you encounter as a compliance executive. In this globally focused track, AML executives from financial institutions and senior staff from government agencies show you how to implement a compliance program for all business lines that meets the most stringent regulatory expectations and mitigates your exposure to risk across jurisdictions.
conFerence ProGram
The Foreign account Tax Compliance act (FaTCa) from an aML perspective: Tax, aML and kYC Come Together
Monday, March 19 | 2:55 PM - 4:10 PM
• Understand the tax, financial and legal framework FATCA requires foreign financial institutions to implement across global business lines
• review FinCen’s final Foreign Bank and Financial Accounts (FBAr) 2011 regulations and learn how they impact off-shore signatories
• Identify critical changes that your CIP/KyC programs must make to comply with FATCA and US tax laws and regulations
Remodeling Operational structure: a new approach to aML
Monday, March 19 | 4:40 PM - 5:55 PM
• hear real-life experiences from financial institutions tasked with restructuring their AML compliance operations
• Learn how to design a three dimensional internal risk assessment
• Benchmark proven and adaptable strategies to garner buy-in and support from upper management
abiding by Foreign privacy Laws when performing enhanced due diligence
Tuesday, March 20 | 1:30 PM - 2:45 PM
• Identify the key obstacles to collecting and sharing information globally and the liability that results from violating privacy laws
• Understand international procedures for sharing financial data with other jurisdictions
• Learn best practices for completing due diligence, suspicious activity/transaction reporting, and information sharing
Obtaining Funding for Your aML program: how to “sell” aML and Compliance internally
Tuesday, March 20 | 2:55 PM - 4:10 PM
• Articulate your program’s needs and business practices to secure funding despite market volatility
• Show how increasing requirements such as Dodd-Frank impact your AML department’s resources and budget
• Learn to create a “marketing” plan that illustrates the organization-wide benefits of a well-funded AML program
Outsourcing and Off-shoring aML: identifying Best practices and Common pitfalls
Tuesday, March 20 | 4:40 PM - 5:55 PM
• Analyze lessons learned from successful offshoring of KyC, sanctions and transaction monitoring programs
• Create a checklist of controls that must be in place to successfully manage third party vendor(s)
• ensure your offshore/outsource program meets global requirements regarding privacy and data sharing
dodd-Frank’s Whistleblower provisions: do They protect the aML professional?
Tuesday, March 20 | 4:40 PM - 5:55 PM
• Understand the liabilities and opportunities created by the whistleblower regulations
• examine the impact of § 922 on reporting lapses in AML controls
• Address the increased protection Dodd-Frank offers to individuals who report crimes and suspicious activities
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GloBal rISk anD oPPorTUnITIeS
With an ever-expanding list of international AML legislation and regulations, financial services organizations must remain prepared to confront new money laundering threats in the regions where they do business, especially in new markets. These sessions offer insight on the latest threats and offer strategies for partnering with law enforcement and techniques for improving your global compliance operations.
March 19-21, 2012•TheWestinDiplomat•Hollywood,Florida
ANTI-MONEY LAUNDERINGANTI-MONEY LAUNDERING17TH ANNUAL INTERNATIONAL
CONFERENCE
Building a solid Compliance program to Mitigate Risk in Brazil, Russia, india, China and south africa (BRiCs)
Monday, March 19 | 1:30 PM - 2:45 PM
• Analyze the effect BrICS countries—comprising over 42% of the world’s population—have on global business and trade
• Balance international ethics, due diligence and compliance standards with local, cultural, bureaucratic and legal obligations
• Develop a solid training program and policies and procedures for doing business in BrICS countries
Operation pacific Rim: The Take down of a Billion-dollar Colombian drug Trafficking Organization
Monday, March 19 | 4:40 PM - 5:55 PM
• Gain insight into the takedown and convictions of a major drug trafficking organization by US Immigration and Customs enforcement, the Colombian national Police and Mexican authorities
• examine the types of legitimate businesses traffickers used and the role financial institutions played
• Understand your role in assisting similar investigations
Tackling the Global Threat of Trade-Based Money Laundering
Tuesday, March 20 | 1:30 PM - 2:45 PM
• hear how recent cases have impacted regulators’ views of trade-based money laundering and how to prepare for and respond to the regulators
• Discuss the significance of the latest FATF list of countries with weak AML/CTF controls, and what you should do in response
• Understand the role of law enforcement and the expectations for financial institutions to detect trade-based money laundering
• Learn the latest red flags and why your trade finance unit should be on the front line in preventing trade-based money laundering in your institution
Balancing Law enforcement partnerships with Regulator expectations
Tuesday, March 20 | 2:55 PM - 4:10 PM
• Identify areas for improved communication among financial institutions, law enforcement and regulators
• Implement simple controls and policies that efficiently resolve law enforcement data requests
• Create a culture of cooperation that facilitates information exchange and open dialogue
understanding the Financial institution’s Role in preventing elder abuse
Tuesday, March 20 | 4:40 PM - 5:55 PM
• Learn why financial institutions are in a prime position to detect suspicious activity for financial exploitation of elderly customers
• Analyze typologies, red flags and transactions to identify possible signs of illicit activity
• examine common narrative terms used in SArs/STrs that will better assist law enforcement in targeting suspected cases of elder abuse
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Receive up to 28 CAMS credits! Plus, qualify for additional continuing education credits including CPe, CLe and CRCM
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TrenDS In TechnoloGY
The Internet is the crime scene of the 21st century and staying ahead of the technology curve is crucial. Institutions must, among other things, refine software systems to track and detect new methods of cyber crime. In these targeted sessions, IT professionals, practitioners and law enforcement present global trends in financial and organized crime and examine the technologies that can be used to defraud your institution. Hear practical cases that illustrate emerging typologies, areas of vulnerability and strategies to decrease your institution’s risk.
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aUDIT TechnIQUeS anD ToolS
With stringent US and international regulations, emerging crime trends and increased compliance expectations, internal audit is the key line of defense for financial institutions to mitigate risk and ensure robust compliance programs. This track focuses on the relationship between auditors and the AML compliance team, and on best practices for testing and maintaining sound operations. An improved understanding of the role of audit in successfully addressing AML challenges can avoid regulatory criticism or worse.
conFerence ProGram
Connecting the dots with auditors and examiners: Overcoming Training Challenges to ensure effective Communication
Monday, March 19 | 1:30 PM - 2:45 PM
• Learn from criminal cases what examiners expect from your program
• examine the effect of auditor training on internal reporting and examination oversight
• Improve opportunities for successful examinations through timely and consistent communication with auditors and regulators
understanding the Role of audit and Management Testing in Your institution
Monday, March 19 | 2:55 PM - 4:10 PM
• Discern the differences between AML audits, versus audits of related programs, versus independent testing
• Understand the regulatory expectations of each and the appropriate responses from your organization
• Learn proper audit and management testing techniques and how to report findings to regulators and senior management
performing an iT audit: know the Challenges to Maintain sound Operations
Monday, March 19 | 4:40 PM - 5:55 PM
• Address the proper methods for auditing AML technologies, including AML/oFAC software, case management systems and transaction monitoring programs
• review how to report audit findings and examples of recommended mitigation plans
• Avoid mishandling complex analyses and reporting to ensure sound operations are maintained
new Trends in e-payment Methods: understanding the Virtual Customer
Monday, March 19 | 1:30 PM - 2:45 PM
• Analyze financial crime trends and vulnerabilities in credit cards, Bitcoin and pre-paid cards, especially in developing countries
• Learn how to adapt your institution’s systems to include controls to monitor e-payments and alternative money
• Mitigate the risk of abuse through mobile devices, the fastest growing method for transmitting money
• examine the impact of FinCen’s Final rule on Prepaid Access
Combating Online payment Fraud: implementing Controls to protect your Customers and Comply with FFieC Guidelines
Monday, March 19 | 4:40 PM - 5:55 PM
• Dissect an attack and get practical tools to prevent similar ones—understand the technology and the typical account takeover process, and why commercial accounts are prime targets
• hear new developments on international trends, current cases, and what the FBI is doing to combat cyber crime
• examine crucial updates in the FFIeC guidelines to ensure your institution is compliant
Merging Fraud and aML investigations: Connecting intelligence through Technology
Tuesday, March 20 | 2:55 PM - 4:10 PM
• Identify technology that will facilitate the convergence of your anti-fraud and AML efforts
• explore the challenges of building a common platform for anti-fraud and AML and how it can reduce threats, risk and cost to your institution
• hear real-life accounts from institutions that have implemented systems that integrate anti-fraud resources with AML efforts
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concUrrenT SeSSIonS
laTIn aMerIca anD The carIBBean
Primarily concerned with examining AML/CTF topics that are of specific interest to Latin American and Caribbean jurisdictions, these sessions also offer global perspectives on unique compliance, regulatory and off-shore financial services challenges. Taught by experts in regional compliance challenges, you will gain insight on emerging financial crimes, managing audits and examinations, and successfully complying with multiple regulations both inside and outside the region.
March 19-21, 2012•TheWestinDiplomat•Hollywood,Florida
ANTI-MONEY LAUNDERINGANTI-MONEY LAUNDERING17TH ANNUAL INTERNATIONAL
CONFERENCE
implementing the Foreign account Tax Compliance act (FaTCa) and us Tax provisions in Your Compliance program
Monday, March 19 | 1:30 PM - 2:45 PM
• hear how regional institutions are preparing to implement a reporting regime to comply with the new requirements
• Learn strategies to adapt your institution’s CIP program and due diligence processes to meet FATCA requirements
• Anticipate the impact of pending reporting requirements from the US Internal revenue Service
identifying the Correspondent Banking Risks of dollarized economies in the Caribbean
Monday, March 19 | 2:55 PM - 4:10 PM
• evaluate the financial crime challenges faced by many Caribbean jurisdictions when transitioning their economies to the US dollar
• examine the impact of beneficial ownership and privacy laws on your AML program
• Adequately address international guidelines and increased scrutiny from correspondent banks
emerging Money Laundering Threats in south america: american deposit Receipts (adRs) and us securities Markets
Tuesday, March 20 | 1:30 PM - 2:45 PM
• Understand how criminals use ADrs to move proceeds through the financial sector with minimal oversight
• Learn how non-US corporations use US brokerage firms to trade units instead of stocks as a tool to launder drug proceeds from the US in to South America
• Identify methods to improve your institution’s due diligence and suspicious transaction identification
Blocking illicit proceeds: understanding the effects of Mexico’s new Money Laundering Legislation
Tuesday, March 20 | 2:55 PM - 4:10 PM
• Assess the efficacy of restricting bulk cash transport across the US-Mexico border and in what form cash may now be repatriated in order to move illicit funds
• Determine how new reporting requirements impact financial institutions’ regulatory burden and the cost of doing business in Mexico
• Understand the potential tax implications and initiatives by the US Internal revenue Service
The independent audit process in the Caribbean: strategies for Working with Regulatory authorities and Creating internal Oversight
Tuesday, March 20 | 4:40 PM - 5:55 PM
• Adopt strategies to “educate” auditors that will ensure a smoother audit
• Learn to go beyond auditor checklists to accurately assess risk and demonstrate rigorous controls when an auditor perceives noncompliance
• Take away strategies for teaching auditors to more effectively communicate with examiners
CASE
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Available in General & Breakout Sessions* *SpanishtranslationisnotavailablefortheWorkingGroups,AMLEducationSessionsand
AMLKnowledgeBreakfasts/Lunches
RegisterToday! MoneyLaunderingConference.com +1305.530.050012
concUrrenT SeSSIonS
non-DePoSITorY InSTITUTIonS
Compliance executives within securities firms, MSBs, insurance companies and other non-depository institutions face a unique set of AML compliance challenges. Created specifically to address your top priorities, these presentations focus on overcoming industry-specific AML challenges—from the requirements of international regulations to navigating multiple regulatory expectations. Let AML veterans teach you the keys to setting up a risk-based AML program and prepare you for successful regulatory exams.
conFerence ProGram
understanding FinCen’s Requirements of Foreign MsBs and implications for us Financial institutions
Monday, March 19 | 1:30 PM - 2:45 PM
• Dissect the new regulations and what they mean for foreign MSBs and money transmitters
• Identify which bank customers now qualify as foreign MSBs and are subject to the new rules
• explore enforcement efforts against hawalas, Colombian peso brokers and money brokers buying drug cash through the Black Market Peso exchange
insurance Focus: OFaC sanctions Risk Management: prevention, Challenges and Outlook
Monday, March 19 | 2:55 PM - 4:10 PM
• Understand US sanctions programs and how they apply to (re)insurance operations
• Detect and manage facilitation risks posed by foreign affiliates and third parties
• effectively handle oFAC enforcement inquiries, internal investigations, and voluntary disclosures
• review recent enforcement actions and key takeaways for lessons that can be applied to your institution
securities Focus: Reverse Mergers, penny stock and Micro-Cap securities Fraud—What are the aML Risks and Regulatory expectations?
Monday, March 19 | 4:40 PM - 5:55 PM
• Dissect regulatory expectations that relate to micro-cap stocks and other types of market manipulations schemes
• Understand your responsibilities regarding CDD as well as FInrA’s additional focus on LLCs and beneficial ownership in the US
• Understand the role of micro-cap securities marketing firms, transfer agents and attorneys to facilitate scams
MsB intensive: developing effective suspicious activity Reports (saRs/sTRs)
Tuesday, March 20 | 1:30 PM - 2:45 PM
• Identify the specific types of suspicious activities that necessitate a SAr/STr filing
• Understand regulator expectations and recommended language for use in the SAr/STr narrative
• Clarify information both frontline employees and management are required to report
The 21st Century MsB: implementing new Regulations, analyzing Migration Trends and adopting new aML surveillance systems
Tuesday, March 20 | 2:55 PM - 4:10 PM
• Understand how FinCen expanded the scope of your AML responsibilities and its impact on your surveillance system
• Use the World Bank’s analysis of new remittance corridors to target potential challenges with global surveillance
• Learn how to read your organization’s data to anticipate regional changes and facilitate new agent networks to keep your business solvent
• Discover tactics to manage huge quantities of data in your surveillance software to prevent false positives
securities Focus: addressing increased expectations of international Regulators
Tuesday, March 20 | 4:40 PM - 5:55 PM
• review strategies to deal with competing international requirements to maintain a consistent enterprise-wide program
• examine the impact of the UK Financial Services Authority’s (FSA) findings on deficiencies in the securities industry, including weak eDD processes
• hear proven strategies for one-time on-boarding procedures that satisfy all jurisdictions
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concUrrenT SeSSIonS
SecTor WorkInG GroUPS*
At a time when you face increased responsibilities and your resources are limited, your peers can be invaluable allies in sharing best practices and creative solutions to challenges. Join these intimate working groups to share ideas and identify strategies to address the tough compliance issues you face each day. Scheduled alongside the main conference sessions, each sector will have the opportunity to participate in small-scale, closed-door discussions. You set the agenda and a seasoned practitioner guides the dialog — don’t miss this opportunity to tap into the real-life experience of your peers!
March 19-21, 2012•TheWestinDiplomat•Hollywood,Florida
ANTI-MONEY LAUNDERINGANTI-MONEY LAUNDERING17TH ANNUAL INTERNATIONAL
CONFERENCE
MSBWorkingGroupMulti-state examinations: Best practices to Manage and Meet Regulators’ expectations
Monday, March 19 | 1:30 PM - 2:45 PM
SmallInstitutionsWorkingGroupTailoring Your Transaction Monitoring system to Meet Your institution’s needs
Monday, March 19 | 2:55 PM - 4:10 PM
SmallInstitutionsWorkingGroupOvercoming the Challenges of edd: Completing a Risk assessment of your Cip program
Tuesday, March 20 | 1:30 PM - 2:45 PM
SecuritiesWorkingGroupBeneficial Ownership assessment and Management
Tuesday, March 20 | 2:55 PM - 4:10 PM
InsuranceWorkingGroupaML Training strategies for insurance agents and producers
Tuesday, March 20 | 4:40 PM - 5:55 PM
*Spanish translation not available
concUrrenT SeSSIonS
aMl eDUcaTIon SeSSIonS*
Join these intimate and interactive sessions to connect with your peers and get the latest intelligence on how to strengthen your current AML/CTF program against financial crime.
Counter-Terrorist Financing: new intelligence Methods to detect, deter, and disrupt Terrorist Financial OperationsCourtesy of Booz Allen Hamilton
Monday, March 19 | 2:55 PM - 4:10 PM
• Step inside the mindset and modus operandi of a terrorist financier
• Understand how the due diligence and investigations process is integral to the intelligence cycle
• recognize terrorist fundraising typologies and abuse of financial products
• engage in the 360° view of financial intelligence to mitigate illicit fund movement
in addition we are planning aML sessions courtesy of:
Dow Jones Risk & ComplianceMonday, March 19 | 4:40 PM - 5:55 PM
Detica NetRevealTuesday, March 20 | 1:30 PM - 2:45 PM
Please visit MoneyLaunderingConference.com for topic updates.
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RegisterToday! MoneyLaunderingConference.com +1305.530.050014
SPeaker FaculTy
MOneYLaundeRinG.COM and COMpLianCeadVanTaGe.COMKieran BeerEditor-in-Chief
e*TRade FinanCiaLJohn DavidsonGlobal Head of Anti-Money Laundering
Bank OF aMeRiCaLisa M. Grigg, CAMSManaging DirectorSenior AML Risk Executive and Bank Secrecy Act Officer
eRnsT & YOunG LLp Steven Beattie, CAMSAnti-Money Laundering Services Leader
Banque inVik sa Henrique Dominguez Legal and Compliance Manager
sTandaRd ChaRTeRed BankPeter Richard HazelwoodGlobal Head, Financial Crime Risk Operations, Group Financial Crime Risk
MOneYGRaM inTeRnaTiOnaLShannon Bennett, CRCM, CAMSSenior Director - AML Compliance Operations and Technology
kpMG FORensiC Darren Donovan Principal
Bank OF aMeRiCa MeRRiLL LYnChGuillermo Horta MontesManaging Director/Latin America, Global AML and Economic Sanctions
ROYaL CaRiBBean CRuises LTd.Karen A. Benson, Esq., CAMS Director of Global Compliance and Ethics
pRudenTiaL FinanCiaLnoreen M. FierroVice President, AML/FCPA Compliance Officer
sCOTiaBank Ron P. King, CAMSVice President and Chief Anti-Money Laundering Officer
assOCiaTiOn OF CeRTiFied anTi-MOneY LaundeRinG speCiaLisTs (aCaMs) John J. Byrne, CAMS Executive Vice President
CiTiMarcy FormanManaging Director, Global Investigations unit, AML Compliance
WeLLs FaRGO Tom Lickiss, CAMSSenior Vice President and Director, Financial Intelligence unit
aLLY FinanCiaLJim Candelmo, CAMSExecutive Compliance Director and BSA/AML Officer
WaLMaRT sTOResVeronika Foster, J.D., CAMSDirector Regulatory Controls, Financial Services Compliance
CiTiGROupSteve LindsayDirector, Audit and Risk Review
BaRCLaYs WeaLTh David Clark, CAMSHead of Intelligence and Analysis, Financial Crime
hOMeLand seCuRiTY inVesTiGaTiOnsJoseph Gallion Chief of Staff
neW YORk COunTY disTRiCT aTTORneY’s OFFiCeElizabeth LoewyManhattan Assistant District Attorney
hOMeLand seCuRiTY inVesTiGaTiOnsHector X. Colonunit Chief, Illicit Finance and Proceeds of Crime unit, Financial, narcotics and Special Operations Division
eRnsT & YOunG LLp Renato (Ron) Giammarco Partner, Financial Services
BOOz aLLen haMiLTOn Tracy MacDonaldLead Associate
BROWn BROTheRs haRRiManHal Crawford, CAMSSenior Vice President, Global Head of AML & Sanctions
FedeRaL BuReau OF inVesTiGaTiOnStacey n. GomerCyber Intelligence AnalystDomestic Threats Cyber Intelligence unit
iRs CRiMinaL inVesTiGaTiOnManny MurielAttaché for South America
VisitMoneyLaunderingConference.comforspeakerbiosandnewlyaddedfaculty
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kpMG Teresa A. PescePrincipal
MiLLenniuM BCp Bank & TRusTnancy J. Saur, CAMS, FICACompliance Manager
BOOz aLLen haMiLTOnBrian Stoeckert, CAMSAssociate, Financial Crimes
haYnes and BOOne LLpF. John Podvin, Jr.Of Counsel
zuRiCh insuRanCe COMpanYMarkus E. SchulzChief Compliance Officer, Global Life & Banking
sVB FinanCiaL GROup William Voorhees, CAMS, C.F.E. Director, Financial Intelligence unit
us depaRTMenT OF The TReasuRY Chip PoncyDirector, Office of Strategic Policy for Terrorist Financing and Financial Crimes
siLiCOn VaLLeY BankChris SilveiraFraud Case Manager, Banking Operations
Td BankDaniel Wager, CAMSSenior Vice President,Head of Global EDD
RBC FinanCiaL GROupKarim Rajwani, CAMSVice President and Chief Anti-Money Laundering Officer
aMeRiCan expRessRichard A. Small, CAMS Vice President Enterprise-Wide Anti- Money Laundering and Sanctions Risk Management
hsBC nORTh aMeRiCa Ian WrightSenior Vice President, Anti-Money Laundering, FIu, Special Investigations
FinRa Michael G. RufinoSenior Vice President and Deputy of Member Regulation
aMeRiCan expRessJack SonnenscheinVice President of Enterprise Compliance Risk Management
paCiFiC inVesTMenT ManaGeMenT COMpanY (piMCO)Meg R. ZuckerGlobal AML Officer
The Program Advisory Board for the 17th Annual International AML Conference is a prestigious group of senior-level AML/CTF leaders. Advisory Board members help craft the conference agenda by nominating topics and speakers of high relevance, and offering their own expertise in designing a world-class program featuring the most important issues of the moment.
KIERAn BEER, Advisory Board ChairEditor-in-ChiefMoneyLaundering.com and Complianceadvantage.com
SHAnnOn BEnnETT, CRCM, CAMS Senior Director, AML Compliance Operations and Technology MoneyGram international
KAREn A. BEnSOn, ESQ., CAMS Director of Global Compliance and Ethics Royal Caribbean Cruises Ltd.
JOHn J. BYRnE, CAMS Executive Vice President association of Certified anti-Money Laundering specialists (aCaMs)
HAL CRAWFORD, CAMSSenior Vice President, Global Head of AML and SanctionsBrown Brothers harriman
JOHn DAVIDSOnGlobal Head of Anti-Money Launderinge*TRade Financial
HEnRIQuE DOMInGuEZLegal and Compliance Manager Banque invik s.a.
MARCY FORMAnManaging Director, Global Investigations unit, AML ComplianceCiTi
JOSEPH GALLIOnChief of Staffhomeland security investigations u.s. immigration and Customs enforcement (iCe)
GuILLERMO HORTA MOnTESManaging Director, Latin America Global AML and Economic SanctionsBank of america Merrill Lynch
ROn P. KInG, CAMSVice President and Chief Anti-Money Laundering Officerscotiabank
TOM LICKISS, CAMSSenior Vice President, Head of GFI Business RiskWells Fargo Bank, na
nInA nICHOLSSenior Vice President, Director of Global Anti‐Money LaunderingJpMorgan Chase Bank, na
F. JOHn PODVIn, JR.Of Counselhaynes and Boone LLp
KARIM RAJWAnI, CAMSVice President and Chief Anti-Money Laundering OfficerRBC Financial Group
nAnCY J. SAuR, CAMS, FICACompliance Manager Millennium bcp Bank & Trust
RICHARD A. SMALL, CAMS Vice President, Enterprise-Wide Anti-Money Laundering and Sanctions Risk Managementamerican express
JACK SOnnEnSCHEInVice President, Enterprise Compliance Risk Management american express
DAnIEL WAGER, CAMSSenior Vice President, Head of Global EDD Td Bank
MEG R. ZuCKERGlobal AML Officer pacific investment Management Company (piMCO)
2012 ADVISORY BOARD
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PrIcInG & PackaGeS SAVE $300
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SAVE $100 Register and pay by February 17, 2012
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Conference and Two Workshops $1,995 $2,095 $2,195 $2,295
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Main Conference Only $1,595
Conference and One Workshop $1,695
Conference and Two Workshops $1,795
MoneyLaunderingConference.com [email protected] +1 305.530.0500
*Special discounts are limited to individuals employed by government agencies, regulatory authorities, licensed money services businesses and/or financial institutions with less than $1B in assets. Subject to approval by MoneyLaundering.com management. Discounts cannot be combined.
Cancellation/substitution policy: For details, visit MoneyLaunderingConference.com/2012/general-information.asp
To ensure your organization makes the most of concurrent sessions and valuable networking opportunities,
MoneyLaundering.com is pleased to offer discounts for groups of 3 or more.
please contact Geoffrey Fone at +1 786.871.3021 or [email protected] for details.
Hotel AccommodationsA block of rooms at The Westin Diplomat has been reserved at a specially discounted group rate for this conference. The last day to reserve rooms at the group rate is February 10, 2012, or until the room block is sold out. Reservation information can be found online at MoneyLaunderingConference.com/ 2012/accommodations.asp.
Hotel discount code: MLC2012
The WeSTIn DIPloMaT3555 South Ocean DriveHollywood, FL 33019Main phone: +1 954.602.6000Fax: +1 954.602.7000Web: www.diplomatresort.com
conference VenUe
March 19-21, 2012 TheWestinDiplomat•Hollywood,Florida
ANTI-MONEY LAUNDERINGANTI-MONEY LAUNDERING17TH ANNUAL INTERNATIONAL
CONFERENCE Co-Organized by
RegisterToday! MoneyLaunderingConference.com +1305.530.050016