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


TUE16 - Update on Implementation Issues of DFS 504 Compliance


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

Description

• 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

Speaker(s):

  • Elizabeth Davy, Partner, Sullivan & Cromwell. LLP
  • Steven G. Lewis, CAMS, Deputy General Manager and Compliance Officer, Woori Bank, New York
  • Saam Youssefi-Rad, Sanctions Compliance Director - Program Integration and Risk Management, Citigroup

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