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ACAMS moneylaundering.com 24th Annual International AML & Financial Crime Conference - Hollywood

C02 - Lessons Learned from ABLV and Other Major Cases Involving Inadequate Compliance Oversight

Apr 15, 2019 1:30pm ‐ Apr 15, 2019 2:45pm


• Detailing regulatory actions involving insufficient AML infrastructure and its contribution to willful violations and concealment of sanctions laws and the Foreign Corrupt Practices Act

• Reviewing the use of shell companies and disguised identities to camouflage flows of suspicious payments through at-risk channels such as remote branches

• Examining consequences for implicated institutions such as multi-billion dollar fines and ABLV’s liquidation following FinCEN prohibition of correspondent accounts by US banks


  • Markus Schulz, Global Head of Change Management Financial Crimes Compliance, ING


  • Rick McDonell, Former Executive Secretary, Financial Action Task Force (FATF), Executive Director, ACAMS
  • Karim A. Rajwani, CAMS, Senior Vice President, Chief Operating Officer, Scotiabank
  • Dan Stipano, Partner, Buckley LLP

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