Conference Program - Wednesday, September 21
8:00 AM – 12:30 PM
Registration Open
Registration courtesy of Safe Banking Systems
Name Badge courtesy of TAMLO
Lanyard courtesy of Wolters Kluwer
8:00 AM – 10:55 AM
Exhibit Hall Open
8:00 AM – 9:00 AM
Networking Breakfast in Exhibit Hall
9:00 AM - 10:15 AM
Concurrent Sessions
Cyber Fraud and Online Banking: Emerging Trends and Patterns
Over the last several years, customers’ increased usage of online banking has opened the door to numerous cyber fraud schemes that can be conducted from anywhere in the world. These multi-layered schemes include fraudsters opening accounts via identity theft, conducting account takeovers, and layering proceeds through multiple channels and products (e.g., electronic currencies and prepaid cards). Hear public and private sector cyber crime experts discuss the latest trends in cyber fraud and their respective strategies to combat these risks.
Moderator:
Aaron Karczmer, Vice President & Principal Compliance Leader, Enterprise Growth, American Express
Panel:
Bryan A Jardine, Senior Manager, Fraud Risk Management, E*TRADE Financial
David Szuchman, Bureau Chief, Cybercrime and Identity Theft Bureau, New York County District Attorney’s Office
William Ward, CAMS, Executive Vice President, Chief BSA & Security Officer, Union Bank
AML System Validation and Surveillance: What are the Regulators Looking for?
Did you know that 2011 is expected to be the year when regulators will focus their attention on how financial institutions are ensuring technology is working to optimal performance? This session focuses on strategies to validate the data feeds and alert thresholds/parameters of your surveillance system to ensure they are designed, managed and documented appropriately. During this session experts discuss critical topics including regulatory expectations, setting alert thresholds, determining the process that governs adjustments of surveillance rules, documenting third party assessment of your technology, choosing a third party reviewer, and identifying critical elements to validate.
Moderator:
Peter Neilson, Vice President, Anti-Money Laundering Compliance, Capital One Bank
Panel:
Jack Sonnenschein, Vice President, Enterprise Compliance Risk Management, American Express
Brian Kloostra, CAMS, Principal, Risk Consulting Services, Crowe Horwath LLP
Amy J. Wheeler, CAMS, Vice President and BSA Officer, First National Nebraska
Examining Organized Crime and Emerging Money Laundering Schemes in Latin America
Recent reports have pointed to Latin American countries as having weak AML/CTF regulations, allowing organized criminals and money launderers to shift money freely into and out of multiple jurisdictions. The major threats financial institutions are falling victim to include drug cartels, cash smuggling, political corruption, and financing of rebellious organizations. This session addresses these and other concerns such as the emerging schemes that are developing in Latin America. Walk away with timely advice and executable solutions from field experts so that your organization can successfully conduct business in the region.
Moderator:
Guillermo Horta, Managing Director, Bank of America Merrill Lynch
Roderick Schwarz, CAMS, Director, Schwarz Romero & Asociados, C.A.
Creating and Optimizing Quality Assurance and Self-Testing Functions in an AML Program
A robust and successful AML program needs to fully incorporate an internal audit function as one of its main components. An effective Quality Assurance (QA) program within the AML department will provide you with the information needed to meet regulatory expectations and address potential program weaknesses before a deficiency occurs. Join this session to learn how to implement or optimize such a program within your organization. You will not only be provided with guidance on establishing a QA program that best fits your institution, but also be shown the steps involved in it – from planning to performance of testing and, finally, transforming findings into action.
Panel:
Tim Byun, CFA, Head of Global Credit Settlement Risk and AML/ATF Officer, Visa
Christopher W. Cuzzucoli, Vice President, AML/OFAC Officer, Risk Management and Investigations, Charles Schwab
Understanding Your Obligations under the US Foreign Account Tax Compliance Act (FATCA)
As FACTA is an extra-territorial Act affecting reporting and tax withholding requirements, and continues to challenge AML compliance professionals around the globe. This discussion group demystifies your regulatory responsibilities, while providing practical techniques to incorporate this recent mandate into your existing program. Join this critical discussion to learn key requirements such as the forms you must file with the IRS and the percentage of withholdings you must apply should you not enter into the specified agreement. Learn best practices for foreign corresponding accounts and proper due diligence when dealing with FATCA.
Moderators:
Steven Beattie, CAMS, Principal, Financial Services, Ernst & Young
Cherise Cox-Nottage, CAMS, Executive Director, Head of Legal Department, UBS (Bahamas) Limited
Focus on MSBs: Tackling Consumer Fraud and Money Laundering Risks
Fraud and money laundering risks to Money Services Businesses are becoming more sophisticated and advanced. Major risks include customer wire transfer fraud and the use of prepaid cards for illicit activities, as well as internet-based foreign exchange transactions utilizing nested MSBs. Join this peer discussion to assess the risks associated with emerging fraud and AML issues affecting the MSB industry. Learn the likely effects of pending prepaid card regulations and the steps you must take in order to comply with this proposed ruling.
Moderators:
Benjamin J. Floyd, Senior Director, AML Compliance Officer, Wal-Mart Stores
Jo Booth, Director, AML Agent Oversight, Moneygram International
Focus on Insurance: Analysis of Regulatory Expectations for AML Program Optimization
As examinations become stricter, insurance companies must enhance their AML programs to meet the expectations imposed by their regulators. Listen as a panel of key experts addresses the new trends and perspective of the Internal Revenue Service, as well as the new independent testing practices being introduced. Receive thorough guidance on AML due diligence and intermediary due diligence in addition to practical tips for developing an effective training program for producers. Plus, learn how to conduct self-auditing to ensure continued compliance.
Moderator:
Brian Mannion, Lead Counsel, Office of the Chief Legal and Governance Officer, Nationwide Mutual Insurance Company
*This session is repeated on Tuesday, September 20 at 1:25 PM – 2:40 PM (Concurrent Sessions)
Focus on Securities: Understanding the New CFTC Regulations and their Impact on Your Organization
The Commodities Futures Trading Commission (CFTC) recently released their final ruling on off-exchange retail foreign exchange transactions which ensures solid customer protection programs and organizational forex financial reliability. Join experts as they analyze and dissect the new rules and requirements to provide you with the key requirements that apply to your organization. This session addresses the pivotal issues affecting securities broker-dealers including registration, reporting, disclosure requirements and recordkeeping. This unique interactive session gives you the opportunity to ask the panel of experts your most pressing questions and get direct advice on how this new mandate affects you.
Moderator:
Vasilios P. Chrisos, Americas AML & Economic Sanctions Director, Macquarie Compliance, Macquarie Group
Kim Estrada, Chief Compliance Officer, Institutional Liquidity Holdings
*This session is repeated on Tuesday, September 20 at 3:20 PM – 4:35 PM (Concurrent Sessions)
10:15 AM – 10:55 AM
Networking and Refreshment Break in Exhibit Hall
10:55 AM – 12:10 PM
Plenary Session
Ponzi Schemes and Corporate Fraud: Can Your Organization Survive These New Threats?
The evolution of crime has resulted in individuals further refining their attempts at defrauding financial organizations and orchestrating multi-layered international Ponzi schemes. In order to maintain your advantage against such individuals, your compliance department must evolve accordingly. This session examines the latest developments in illegal activities and reviews key elements of cases such as the Madoff, Stanford and Martin Frankel scandals amongst others. Learn which mechanisms and internal controls your organization must have in place to spot the transactions associated with these schemes and avoid related monetary penalties and citizen lawsuits.
Moderator:
Dennis M. Lormel, Founder and President, DML Associates
Speaker:
Carlos Gonzalez, Partner, Diaz, Reus & Targ, LLP
Paul Pelletier, Member, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
12:10 PM – 12:20 PM
Closing Remarks
The ACAMS 10th Annual conference is packed with practical information including newly revamped and highly interactive sessions led by experts from leading global organizations.
Plenary Sessions
Leading international AML/CTF authorities have agreed to share critical intelligence and proven best practices to combat financial crime. You will receive the latest legislative updates and insight into regulatory expectations. Whether you are affiliated with a financial institution, a non-depository institution or a government agency, you cannot afford to miss these insightful presentations.
Seminars
Seminar sessions are strategically selected topics addressing your most pressing challenges. They provide vital regulatory updates presented by panels of globally-recognized AML/CTF experts. These highly informative presentations give you practical takeaways covering areas such as emerging financial crimes and creating meaningful public-private partnerships. Walk away with new insight to ensure your AML/CTF program exceeds regulatory expectations.
Workshops
This year’s workshop track is packed with practical information and interactive exercises in each and every session, all led by experts representing organizations around the world. Learn ready-to-use techniques for your investigations department, tools to integrate FCPA into your existing AML program and best practices for managing your FIU through these hands-on sessions.
Financial Institution Case Study Analysis [NEW TRACK]
For the first time in its history, the ACAMS Annual conference features a track solely dedicated to the detailed analysis of real-life case studies. Hear international thought leaders and government officials dissect recent incidents regarding alternative currency, trade finance and mortgage fraud--and share best practices and real-world techniques to apply to your own program.
Focus on Audit [NEW TRACK]
In response the increased use of independent audit findings in regulatory scrutiny, the following audit-focused sessions have been added to the program, providing you with the most effective tools and techniques for conducting AML audits, fortifying your current practices and efficiently testing your existing program. Learn directly from experienced presenters how to overcome the critical challenges directly affecting the AML audit professional.
Financial Institution Discussion Group
Effective training and peer-to-peer information sharing are pivotal elements of any AML/CTF program. Join these intimate bank-specific discussion groups to connect with your peers and get the latest intelligence on how to fortify your current AML/CTF program against financial crimes.
Government Focus Discussion Groups
As a government official, training and partnerships are key elements in preventing criminal activity. The goal of these discussion groups is to provide a platform for government and industry professionals to exchange ideas, share best practices and forge valuable new alliances with peers. Join skilled moderators as they lead compelling and ground-breaking discussions.
Regional Focus Discussion Groups
Join expert moderators as they assess the potential risks of—and innovative approaches to—conducting business in international jurisdictions. Get updated information on the latest criminal schemes affecting your international business and learn how extraterritorial and local laws can potentially change the way your department operates.
Non-Depository Institutions Discussion Groups
Targeted exclusively to securities, insurance and MSBs, these discussion groups provide a thorough update on the latest challenges affecting non-depository institutions. Participants will have the opportunity to interact with industry peers and expert moderators, expanding your knowledge and increasing your network of AML/CTF contacts.
Download Detailed Conference Program