MAIN CONFERENCE DAY THREE
Friday, October 2, 2009
CONCURRENT SESSIONS
9:00 AM - 10:15 AM
SEMINAR
Focus on Training: Best Practices for Building a Securities Industry AML Training Program
The AML risks posed by securities can only be mitigated though trade monitoring and transaction surveillance techniques specific to this low-cash industry. How can you build a training program that gives security industry employees the tools they need to effectively screen investment activity and help the organization comply with AML obligations? How should you determine the type of training needed by your board of directors versus customer-facing employees? What metrics should you adopt to gauge the effectiveness of your training? Attend this special seminar and learn how to build an effective training program geared specifically to the training needs of securities firms and broker dealers.
Meg Zucker
Executive Director, Global Anti-Money Laundering Group
Morgan StanleyHolly D. Lias, CAMS
AML Officer
TD Ameritrade
WORKSHOP
Focus on Training: MSB Agent Training and On-Boarding Best Practices
The famous penalty against Sigue Corp. highlighted the danger of failing to emphasize the importance of MSB agent training. Yet many MSB compliance officers feel that their agents still do not take AML training seriously since they assume any potential violations will be assessed at the institutional level. Learn how to use case studies and other interactive training techniques to ensure that your agents fully grasp the importance of AML compliance. This workshop—presented by executives who are setting the industry standard for sound agent training—provides the key elements of an effective training and on-boarding program and walks you step-by-step through implementation.
Anthony L. Rodriguez, CAMS
Chief Global Compliance Officer
RIA Financial ServicesKiren M. Schulte
Senior Director, Anti-Money Laundering Compliance
MoneyGram International
ROUNDTABLE
Re-Designing Your AML Program after a Merger or Acquisition
The current liquidity crisis has led many broker-dealers and non-banking financial institutions to become bank holding companies. While these newly formed entities are subject to a more stringent set of AML requirements and fall under a different regulatory regime, little time is given to adjust before an unfamiliar examiner performs a review. In this roundtable, discuss the considerations AML professionals must adopt throughout the merger and acquisition processes. Your expert moderator offers best practices for systems and employee integration, as well as tactics to execute proper due diligence before, during and after an acquisition.
Moderator:
Daniel Soto, CAMS
Compliance Managing Director, AML & BSA
Wachovia Corporation
ROUNDTABLE
Combating the Money Laundering Risks Posed by Casinos
Casinos offer a broad array of financial services, including customer deposits, credit accounts, facilities for transmitting and receiving funds, check cashing, and currency exchange. The anonymity associated with gambling helps make these institutions a popular target for criminals seeking to launder their ill-gotten gains. What is the status of gaming industry controls? How should you approach risk-ranking of casino accounts? This roundtable—led by a gambling compliance maven—offers best practices for reducing money laundering risk within casinos and the financial institutions who service these accounts.
Moderator:
Joseph M. Kelly
Attorney
Catania & Associates LLC
ROUNDTABLE
Leveraging IRS Insurance Industry Exam Findings to Improve Your AML Program
Recent IRS examinations of insurance companies’ AML programs have exposed several common shortcomings across the industry. Training, risk assessments and a lack of understanding of regulatory requirements were among the most frequently identified violations by examiners. Don’t let your program succumb to the weaknesses. In this roundtable discussion, hear directly from an IRS field examiner what the latest examination trends show, what regulators are looking for, and learn how to spot potential weaknesses before you institution undergoes an examination.
Moderator:
F. Kim Buggs
BSA Compliance Policy Program Analyst
Internal Revenue Service
ROUNDTABLE
Minimizing the Money Laundering Risks Posed by Emerging Markets
Though the economic downturn has wreaked havoc on developed markets, fledgling economies continue to afford attractive investment opportunities. New markets have emerged within countries formerly designated on sanctions watch lists but who now comply with international standards in combating money laundering and terrorist financing. However, conducting business in these new jurisdictions can be extremely risky. What factors should be weighed before entering new markets? How should you gather and disseminate information about these areas? Join this discussion and learn how to interpret country reports and adjust your risk matrices when accepting business from emerging markets.
Moderator:
Brian J. Stoeckert, CAMS
Vice President
Enterprise Compliance, Deputy Bank Secrecy Act Officer, OneWest Bank, FSB
