Join your local regulators and nationally-acclaimed experts in New York City for one action-packed day offering applicable solutions to strengthen your institution’s risk management strategies and a behind-the-scenes look into recent enforcement actions. From alternative payment platforms to international sanctions compliance, our executive faculty will provide you the latest tools to tackle emerging risk vulnerabilities and overcome the day-to-day regulatory compliance challenges.
Welcome Remarks
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| ACAMS opens its 5th Annual Risk Management Conference with a compelling forum on one of the most challenging and volatile areas of risk management today -- the delicate act of balancing financial inclusion, financial access and so-called “de-risking” regulatory imperatives. This interactive 30-minute session utilizes a question-and-answer format to ensure the issues of greatest concern to attendees are heard and analyzed in an authoritative manner, providing practical and applicable insights into where things stand -- and where they’re headed. |
By the Numbers: Employing Quantitative Analysis to Validate Risk Management Strategies
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Developing metrics-based assessment models to heighten risk profile
accuracy • Leveraging historical data to elevate predictive risk assessment capability • Instituting robust quantitative data management to ensure risk assessments reflect current realities |
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Ensuring watch list filtering systems meet regulatory expectations and
mitigate institutional risk • Examining new typologies of proliferation and terror financing to identify emerging sanctions-related risks • Analyzing recent sanctions actions to adjust risk screening models as warranted |
Special Presentation with Q&A
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NYDFS 504: Strategies for Mitigating New Regulatory and Compliance Risks
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Creating a “reasonably designed” transaction monitoring program to meet 504
standards • Updating systems to meet 504 requirements on filtering OFAC-prohibited transactions • Conducting testing to validate data integrity, detect systemic gaps and document remedial plans |
Managing Complex Trade-Based Money Laundering Risks
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Enhancing scrutiny of supply chains and other trade-related transaction
systems to identify and escalate KYC/CDD risks • Monitoring for TBML typologies to detect red flags such invoice manipulation and high-risk shipping routes • Utilizing tech innovations such as data analytics to address unique TBML monitoring issues and craft sector-specific AML defenses |
Closing Remarks
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