Strengthening the Second Line of AML Defense with a Continuous Assurance Approach

Oct 4, 2018 2:45pm ‐ Oct 4, 2018 4:00pm

Identification: THU35

• Defining continuous assurance to identify unique role in identifying control deficiencies and bridging gaps between operations and compliance

• Building an efficient continuous assurance program by creating methodologies for both monthly and deep dive reviews and acquiring require subject matter expertise talent

• Utilizing continuous assurance results to optimize benefits including ensuring controls meet regulatory standards and expectations of internal audit and/or examiners


Typologies of Death: How AML Can Help Fight the Fentanyl Epidemic

Oct 4, 2018 2:45pm ‐ Oct 4, 2018 4:00pm

Identification: THU36

• Tracing transaction patterns indicating potential fentanyl smuggling such as structured deposits via global payment processors or cryptocurrency exchanges
• Monitoring clients for red flags of fentanyl proceeds laundering such as unusually large payroll deposits and high volume among personal accounts at multiple institutions
• Reviewing cases such as HSI’s Operation Denial to detail AML practices to aid detection and reporting of darknet market and illicit peer to peer exchanger transactions

Putting the ML in AML: Transforming Transaction Monitoring with AI and Robotics

Oct 4, 2018 2:45pm ‐ Oct 4, 2018 4:00pm

Identification: THU37

Presented by NICE Actimize
• Learn how AI with machine learning and automation reduces false positives
• Ways to reduce investigation time
• Leveraging managed analytics in the cloud
• Impacts to model risk management

Unknown Sanctions Exposure: OFAC's 50% Rule - the Achilles Heel of Sanctions Programs

Oct 4, 2018 2:45pm ‐ Oct 4, 2018 4:00pm

Identification: THU38

Presented by Bureau van Dijk

• Reviewing different ways to identify 50% owned subsidiaries of sanctioned individuals and entities via direct, indirect or aggregation ownership

• Examining how globalization and the 50% rule have created unknown sanction exposure in traditional sanctions programs

• Discovering the implications of more than 200,000 daily corporate ownership changes for complying with the OFAC 50% Rule and how to deal with the challenges of change


Opening Remarks and ACAMS and Thomson Reuters Joint Survey

Oct 5, 2018 7:45am ‐ Oct 5, 2018 8:00am

Identification: FRI01


Special Presentation and Q&A: Southwest Border Anti-Money Laundering Alliance

Oct 5, 2018 8:00am ‐ Oct 5, 2018 8:40am

Identification: FRI02

Southwest Border Anti-Money Laundering Alliance


Good Intel on Fighting Fraud: Applying US Intelligence Community Methodologies to Strengthen FRAML

Oct 5, 2018 8:40am ‐ Oct 5, 2018 9:50am

Identification: FRI03

• Detailing USIC intelligence-gathering methods to enhance fraud investigation expertise
• Utilizing USIC analysis techniques to optimize intelligence value of existing FRAML data
• Developing an intelligence program that integrates USIC processes to reduce false positive and strengthen SAR quality

Ace that Exam: Best Practices to Prepare for a Regulatory Exam

Oct 5, 2018 10:20am ‐ Oct 5, 2018 11:30am

Identification: FRI04

This fast-paced and informative session is for anyone who has ever experienced anxiety, or lost sleep, over an upcoming BSA/AML examination. The expert panelists will provide specific details on topics such as conducting a pre-exam risk assessment, presenting formal remediation plans to examiners, or updating your BSA program policy to ensure it incorporates the latest standards. It’s a vitally important and can’t-miss session, brimming with practical advice from AML veterans who, when it comes to exams, have been there, done that – and will show you how to do it better.
• Documenting updated training tailored for specific lines of business, and preparing LOB leaders to discuss management commitment to first line of defense
• Validating internal controls for issues such as high-risk client monitoring to affirm second line of defense strength and self-disclosing identified gaps and resolution plans
• Substantiating activities of internal audit to confirm empowered third line of defense and demonstrate enterprise-wide culture of compliance

Closing Remarks

Oct 5, 2018 11:30am ‐ Oct 5, 2018 11:35am

Identification: FRI05