ACAMS 18th Annual AML & Financial Crime Conference - Las Vegas

Sep 23, 2019 ‐ Sep 25, 2019

The Future Is Now!

With rapidly evolving regulations, technology and financial crime methods, anti-money laundering (AML) and financial crime prevention professionals are faced with the challenge of staying abreast of new developments in financial crime, payment methods and money laundering schemes. Join over 2,500 influential anti-financial crime professionals, regulators, law enforcement investigators and government officials at this comprehensive financial crime prevention conference in Las Vegas. During the course of three days, the financial crime prevention community has the opportunity to learn from inspiring subject-matter experts, connect with other industry professionals and gain new insights and practical strategies to help their institutions combat financial crime.

Standard: $595.00


Update on Implementation Issues of DFS 504 Compliance

Sep 24, 2019 2:00pm ‐ Sep 24, 2019 3:15pm

Identification: TUE16

• Reviewing cases to discern what “reasonably designed” transaction monitoring and OFAC sanctions filtering systems that address institutions’ specific risks require in practice

• Outlining strategies to deliver annual 504 certification including endorsement of board and confirming involvement of IT, internal audit and others in attaining effective monitoring

• Maintaining ongoing 504 compliance with policies such as comprehensive institutional risk assessments, end-to-end AML data validation and updating filtering as technology allows

Moderator(s): Speaker(s):

Gaming Spotlight: Adapting AML to a Rapidly Changing Gambling Landscape

Sep 24, 2019 2:00pm ‐ Sep 24, 2019 3:15pm

Identification: TUE17

• Charting growth of gambling including online gaming via mobile devices to identify growing issues such as KYC, regulatory expectations for CDD/EDD and employee training

• Utilizing tech innovations to automate risk management processes in areas such as ID validation, transaction monitoring and screening for sanctions and/or PEPs matches

• Reviewing current issues such as legalization of sports betting to develop risk-based approaches to AML for both gaming organizations and banking services providers

  • Benjamin M. Floyd, CAMS, Senior Vice President, Corporate AML Officer, Caesars Entertainment

Consenting Views: Achieving Positive Outcomes from Consent Order Recovery (Part Two)

Sep 24, 2019 2:00pm ‐ Sep 24, 2019 3:15pm

Identification: TUE18

• Obtaining management buy-in of remediation plan to secure resources such as outside consultants and institutional support for initiatives such as enhancing culture of compliance

• Developing and implementing monitoring and reporting tools to track remediation progress and regularly update examiners to affirm credibility of recovery execution

• Facilitating mid-remediation feedback from regulator to assess efficacy of action plan progress and adjust recovery plan as warranted based on examiner input

  • Kimani Rogers, CAMS, Executive Director – Global KYC Audit Manager, JPMorgan Chase & Co.

Sanctions Update: Keeping Up with Recent Changes

Sep 24, 2019 2:00pm ‐ Sep 24, 2019 3:15pm

Identification: TUE19

• Reviewing status and complexities of sanctions involving Russia, Iran, North Korea and Cuba to ensure compliance systems reflect current regulatory requirements

• Delineating growing divergences between US and EU sanctions regimes to identify inter-jurisdictional risks and develop strategies for addressing cross-border sanctions conflicts

• Analyzing OFAC’s 50% Rule to mitigate sanctions risks involving transactions with entities controlled or owned, in whole or in part, by sanctioned individuals or governments

Moderator(s): Speaker(s):
  • W. Charlie Phelps, Director, Financial Intelligence Unit, eBay Commerce Inc.
  • Chip Poncy, President and Co-Founder, Financial Integrity Network
  • Clay Roberts, Deputy Global Head of Financial Crimes Compliance, Western Union
  • Michael Volkov, Chief Executive Officer, Volkov Law Group LLC

Unifying the Fight Against Financial Crimes: Fusing AML, Fraud and Cyber Programs

Sep 24, 2019 2:00pm ‐ Sep 24, 2019 3:15pm

Identification: TUE20

Presented by Promontory, an IBM Company

  • Learning how to improve the fight against financial crimes in the digital age by fusing AML, fraud and cyber
  • Reviewing industry best practices to protect real-time payments and mitigate fraud and money laundering risk
  • Discussing consolidated customer onboarding risk assessments in the digital age – combined KYC processes to identify money laundering and fraud risk

  • Alan Schienberg, Senior Vice President, Promontory Risk Review, an IBM Company
  • Paul Chaves, CAMS, Senior Vice President, Head of BSA/AML and Corporate Fraud, Investors Bank
  • Scott P. Essex, Executive Vice President, Chief Compliance & Ethics Officer, Citizens Financial Group, Inc.
  • Aaron Wolf, Deputy Head of Anti-Financial Crime, Americas, Deutsche Bank

Building a Robust AML Program with Deep Integrated Technologies

Sep 24, 2019 2:00pm ‐ Sep 24, 2019 3:15pm

Identification: TUE21

Presented by Nice Actimize

  • Reducing onboarding friction while enhancing client profiles
  • Identifying hidden risks existing beyond direct customer relationships
  • Magnifying machine learning capabilities to foster improved anomaly detection

  • Roy D'sa, CAMS, Executive Vice President, Chief BSA Officer, Huntington National Bank
  • Ted Sausen, CAMS, Subject Matter Expert, AML Line of Business, NICE Actimize
  • Chuck Taylor, CAMS, Executive Vice President, Head of Financial Crimes Advisory, AML RightSource

How to Buy AI: Shopping for Artificial Intelligence Solutions

Sep 24, 2019 3:45pm ‐ Sep 24, 2019 5:00pm

Identification: TUE24

• Reviewing priorities of AML and FCC operations to determine functions such as transaction monitoring or investigations conducive to AI integration and capabilities

• Mapping an AI infrastructure that addresses issues such as storage, legacy system compatibility and scalability to pinpoint and vet vendors best suited to fulfill institutional needs

• Auditing post-integration processes to determine operating outcomes and efficiencies in areas such as false positive reduction or other metrics and identify and rectify systemic deficiencies

Moderator(s): Speaker(s):

TBML: Optimizing New Tools to Combat Trade-Based Money Laundering

Sep 24, 2019 3:45pm ‐ Sep 24, 2019 5:00pm

Identification: TUE25

• Utilizing IT innovations to supplement manual reviews and more efficiently manage TBML risks such as those involving sovereignty, nature of goods and transaction transparency

• Optimizing data-driven systems to manage risks such as transshipment via sanctioned countries and flag potential schemes such as invoice fraud and black market peso exchanges

• Auditing anti-TBML systems to gauge strength of controls in areas such as KYC/KYCC, risk rating accuracy, alert generation and resolution and robust refreshment of entity profiles

Moderator(s): Speaker(s):
  • Raul O. Aguilar, Division Chief, Transnational Organized Crime Division I, Homeland Security Investigations
  • Don Fort, Chief, Criminal Investigation, Internal Revenue Service
  • Todd Porter, CAMS, Assistant Chief – Strategic Partnerships/Terrorist Financing, Federal Bureau of Investigation
  • David Stewart, CAMS, Business Director, Security Intelligence Solutions, Banking Security Intelligence Practice, SAS

Sanctions Spotlight: The Venezuelan Morass

Sep 24, 2019 3:45pm ‐ Sep 24, 2019 5:00pm

Identification: TUE26

• Tailoring sanctions models to address unique Venezuelan risks including transactions with banned entities, trade-based money laundering and the looting of state enterprises

• Analyzing case studies such as Operation Money Flight to detail Venezuelan PEP and SDN risks and examining methods to launder proceeds such as US real estate purchases

• Keeping staff current on Venezuelan sanctions shifts and utilizing KYE to mitigate risks of rogue employees aiding sanctions avoidance schemes such as payment data stripping

  • Michael Greenman, Senior Vice President, Chief Counsel, AML and Economic Sanctions Law, U.S. Bank
  • Vita Boomstein, CAMS, Vice President, Sanctions & Embargoes Advisory, Deutsche Bank Americas
  • Kyle T. Daddio, CAMS, Chief AML Officer, Interactive Brokers
  • Andrew Simpson, Chief Operating Officer, Chief Operating Officer, CaseWare RCM Inc.
  • Saam Youssefi-Rad, Sanctions Compliance Director - Program Integration and Risk Management, Citigroup

AML Yoga: Meditations on Creating Agile Compliance Programs

Sep 24, 2019 3:45pm ‐ Sep 24, 2019 5:00pm

Identification: TUE27

• Building flexibility into AML culture by emphasizing importance of robust responses to changing regulatory and business environments and collective development of action plans

• Stretching available human capital by supporting skills acquisitions by staff (including yourself) and creating nimble workflows to heighten expertise and quick-response capabilities

• Harmonizing risk management goals and values of compliance and business sides to reduce operational frictions and foster a cohesive culture of compliance across the enterprise

  • Jason C. Honeycutt, CAMS-Audit, Chief Compliance Officer and Vice President of Compliance, NetSpend