ACAMS24+ Global Virtual Summit

Jun 2, 2020 ‐ Jun 3, 2020


ACAMS 24+: Opening Remarks iconACAMS 24+: Opening Remarks

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ACAMS 24+: Opening Remarks

Jun 2, 2020 8:30am ‐ Jun 2, 2020 9:00am

Identification: GEN01

Opening Remarks

Session Evaluation:

  • Rohit Sharma, CAMS, President & Managing Director
  • Markus Schulz, Global Head of Change Management Financial Crimes Compliance, ING
  • Rick A. Small, CAMS, Executive Vice President, Director Financial Crimes Program,, Truist

ACAMS 24+: Ask the Expert - Implementing OFAC Sanctions Compliance Effectively in the context of COVID-19 and Beyond

Jun 2, 2020 9:00am ‐ Jun 2, 2020 9:55am

Identification: GEN02

Pose your questions and hear our expert panel responses on what the recent changes to reporting requirements really mean and other guidance and notices issued by OFAC, such as recent amendments to General Licenses, as well as enforcement trends and amendments to key sanctions regimes. The panel will additionally discuss the impact of COVID-19 on maintaining OFAC compliance, including regulatory expectations, managing potential reallocation of resources, and the risk of cyber-attack and what this means for foreign financial institutions that maintain a correspondent bank account in the US for records held overseas.

Session Evaluation:

Moderator(s): Panelist(s):
  • Rachel Fiorill, Counsel, Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • Daniel Tannebaum, Partner - Americas Anti-Financial Crime Practice Leader and Global Head of Sanctions, Oliver Wyman
  • Sean Thornton, Head of Legal Financial Security, Group Dispute Resolution, LEGAL, BNP Paribas

ACAMS 24+: Urgent AML Issues: PPP and Compliance in the Wake of Covid-19

Jun 2, 2020 10:00am ‐ Jun 2, 2020 10:53am

Identification: GEN03

Headlines about money for small businesses going instead to large ones, an FBI inquiry of participating lenders and charges against a growing number of fraudsters all point to a possible backlash against the financial institutions that distributed hundreds of billions of dollars under the CARES Act’s Paycheck Protection Program.

Although lenders were seen as mere conduits for PPP money, panelists will detail what compliance professionals can do now to prepare for the coming legislative and regulatory scrutiny, how they can proactively identify PPP-related fraud and what lessons lenders should incorporate into their anti-financial crime policies and procedures.

Session Evaluation:

  • Kieran Beer, CAMS, Chief Analyst, Director of Editorial Content, ACAMS

ACAMS 24+: An Authoritative World Class View on the Intersection Between Geo-politics and Global Sanctions

Jun 2, 2020 11:00am ‐ Jun 2, 2020 11:55am

Identification: GEN04

The growth of financial sanctions as a foreign policy and security tool continues to be used with increasing frequency and popularity. World class experts will join us to discuss what we can expect to see for future sanctions and their evolution in terms of scope, target countries and how they will ultimately be shaped by current world events.

This session will specifically focus on future horizon scanning in respect to China, Russia, Venezuela, Iran and the wider Middle East including what this may mean for global trade, energy and the international order.

Session Evaluation:

Moderator(s): Panelist(s):
  • Jarrett Blanc, Senior Fellow, Geoeconomics and Strategy Program, Carnegie Endowment for International Peace
  • Tom Keatinge, Director, Centre for Financial Crime & Security Studies, Royal United Service Institute (RUSI)
  • Elizabeth Rosenberg, Director of the Energy, Economics, and Security Program, Center for a New American Security (CNAS)

ACAMS 24+: Homegrown Threats: Best AML/CTF Practices for Fighting Domestic Terrorism Risks

Jun 2, 2020 12:00pm ‐ Jun 2, 2020 12:35pm

Identification: GEN05

The rise of domestic terrorism has been a major issue around the globe, and the COVID-19 pandemic, which has given rise to innumerable conspiracy theories and in some cases social unrest, is unlikely to derail it. This panel will convene experts in spotting both organized and lone wolf domestic terrorists and detail their motivations and goals – and financial typologies -- to strengthen oversight in areas like KYC/CDD, red flag detection and resolution and, most importantly, collaborating with law enforcement on disclosing suspicious activities and transactions.

Session Evaluation:

Moderator(s): Panelist(s):
  • Jeffrey Breinholt, Counsel for Law & Policy, National Security Division, Department of Justice (DOJ)
  • Dennis M. Lormel, CAMS, President and Chief Executive Officer, DML Associates

ACAMS 24+: The Investigator-Centered Approach to Financial Crime: Doing What Matters

Jun 2, 2020 12:35pm ‐ Jun 2, 2020 1:00pm

Identification: GEN06

Presented By McKinsey & Company

The investigator-centered approach to fighting financial crime fosters collaboration among banks, law enforcement agencies and regulators for greater effectiveness, efficiency and social impact.

Session Evaluation:

  • Marilú Jiménez, Esq., CAMS, Founder and President, Financial Intelligence Network & Compliance Advisors (FINCAdvisors)

ACAMS 24+: Duty Bound: Law Enforcement on Growing Financial Crime Risks and How to Combat Them

Jun 2, 2020 1:00pm ‐ Jun 2, 2020 1:53pm

Identification: GEN07

Against the backdrop of a reeling global economy, veteran law enforcement investigators discuss emerging developments in financial crime -- and what AML and Anti-Financial Crime experts can expect in the first economic crisis since widespread adoption of advanced technologies by banking organizations. Drawing on real-life cases and years of investigative experience, they examine new typologies of criminals and use real-life cases to illustrate best practices for detecting, investigating and reporting suspicious activities.

Session Evaluation:

Moderator(s): Panelist(s):
  • Marcy Forman, CAMS, CGSS, Managing Director, Head of Global Investigations Unit AML Compliance, Citigroup
  • Don Fort, Chief, Criminal Investigation, Internal Revenue Service
  • Raymond Villanueva, Special Agent in Charge, Homeland Security Investigations

ACAMS 24+: Why AI? To Fight Fraud, That’s Why

Jun 2, 2020 2:00pm ‐ Jun 2, 2020 2:53pm

Identification: GEN08

Fraud is an old crime, and through the centuries it has proven uncannily adept at adapting to changed circumstances — as witnessed by the advent of modern-day scourges like identity theft, wire fraud and data breaches. Fortunately, high-tech tools are available to help AML and Anti-Financial Crime professionals fight modern-day fraud, which is often perpetrated by highly sophisticated transnational crime organizations as well an unassuming but rogue employee. In this session, our panel of experts will detail how innovations including Artificial Intelligence, machine learning and robotic process automation can be effectively deployed in the never-ending fight against fraud, including long-time issues such as elder fraud and recent developments such as COVID-19 scams.

Session Evaluation:

Moderator(s): Panelist(s):

ACAMS 24+: Canadian Regulatory Changes and COVID-19 Challenges – Part 1

Jun 2, 2020 3:00pm ‐ Jun 2, 2020 3:21pm

Identification: GEN09

Canadian Regulatory Changes and COVID-19 Challenges – Part 1
This year, Canadian financial institutions face challenges in implementing a large number of regulatory amendments associated with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) in addition to coping with the fallout from COVID-19. As part of this implementation, FINTRAC is currently revising over 60 pieces of guidance for all sectors subject to the PCMLTFA such as banks, securities dealers and casinos. In addition, changes already in effect since June 2019 include the public naming of all persons and entities that have received administrative monetary penalties for AML/ATF violations. Whether you live and work in Canada, or do business with people who do, this presentation is designed to keep participants up to date on AML/ATF developments in a time of rapid change.

Session Evaluation:

  • Kieran Beer, CAMS, Chief Analyst, Director of Editorial Content, ACAMS

ACAMS 24+: Canadian Regulatory Changes and COVID-19 Challenges – Part 2

Jun 2, 2020 3:21pm ‐ Jun 2, 2020 3:55pm

Identification: GEN35

Amendments to the PCMLTFA published on February 15, 2020 by the Department of Finance raise a number of questions for Canada’s regulated entities. What is required under the amendments with regard to MSBs and real estate professionals? What is the definition of a business relationship and its connection to compliance with regard to doing business with PEPs? What are the implications for large banks?

During this portion of our focus on Canada, we will address these issues AND take questions from our virtual audience on the state of anti-financial crime compliance.

Session Evaluation:

  • Kieran Beer, CAMS, Chief Analyst, Director of Editorial Content, ACAMS