Effectively Collaborating with Human Resources to Hire and Train AML Talent

Sep 24, 2013 10:00am ‐ Sep 24, 2013 11:15am

Identification: ES04

Defining the skills and character traits that make up a well-rounded compliance officer
Thinking outside the box when headhunting for AML talent
Establishing robust processes for on-boarding and training new hires
Embedding risk management and compliance into your organization’s culture

Human Trafficking in 2013: An Update on the Work of the Private and Public Sectors

Sep 24, 2013 10:00am ‐ Sep 24, 2013 11:15am

Identification: S04

  • Recognizing the success of partnerships between financial institutions and the government in addressing the horrific crime 
  • Identifying red flags that indicate transactions related to human trafficking 
  • Addressing local and federal approaches to tackling this global problem 
  • Improving your approach to documenting and reporting suspicious activities to law enforcement

Interpreting and Executing Your Firm's Risk Appetite

Sep 24, 2013 10:00am ‐ Sep 24, 2013 11:15am

Identification: RM01

  • Adopting best practices in setting your 
  • Understanding and interpreting your organization’s risk tolerance and assessing performance level firm’s risk appetite 
  • Identifying the parties responsible for accepting risk and determining who must be aware of it 
  • Educating and keeping senior management abreast of the institution’s risk

Evaluating and Implementing Cross-Border Risk Management Strategies

Sep 24, 2013 12:30pm ‐ Sep 24, 2013 1:45pm

Identification: RM02

  • Centralizing and streamlining information reporting from international branches
  • Striving for client information transparency and tackling secrecy challenges Striving for
  • Taking local regulations into consideration when applying company policy leniency client information
  • Establishing a robust policies and procedures system that effectively combats global financial crime transparency and tackling secrecy challenges 
  • Taking local regulations into consideration when applying company policy leniency
  • Establishing a robust policies and procedures system that effectively combats global financial crime

MSB Focus: Bank and MSB Dialog: Collaborating for Improved Understanding

Sep 24, 2013 12:30pm ‐ Sep 24, 2013 1:45pm

Identification: MT05

  • Adopting best practices to enhance communication and information sharing
  • Developing a strategy to join forces during law enforcement investigations
  • Establishing common goals to spot and stop financial crime

Utilizing Financial Intelligence to Detect Terrorist Financing

Sep 24, 2013 12:30pm ‐ Sep 24, 2013 1:45pm

Identification: S05

  • Learning emerging trends in terrorist financing
  • Understanding the nexus between terrorist groups and transnational criminal organizations 
  • Analyzing data to identify terrorist financing operations within the US financial system
  • Leveraging innovative data tools and methods used by the FBI to spot terrorist financing

Presented by Alvarez & Marsal - Tackling Areas of Vulnerability and Risk Rating Customers

Sep 24, 2013 12:30pm ‐ Sep 24, 2013 1:45pm

Identification: KS01

  • Taking a holistic approach to include all known risk factors available within the institution 
  • Understanding the regulators’ perceptions of higher risk customers 
  • Leveraging available technology, data, skill sets and institutional knowledge
  • Exposing the common misperception of a high risk customer

Breaking Down Law Enforcement and Financial Sector Silos

Sep 24, 2013 12:30pm ‐ Sep 24, 2013 1:45pm

Identification: LE01

  • Adopting efficient methods for sharing new financial crime typologies with industry partners
  • Creating partnerships focused on dialogue and information exchange
  • Establishing internal processes for collaboration between the private and public sector
  • Providing timely and accurate information to law enforcement during investigations

Understanding the Life Cycle of a High Risk Client

Sep 24, 2013 2:15pm ‐ Sep 24, 2013 3:30pm

Identification: RM03

  • Establishing robust steps for the on-boarding and risk rating of new customers 
  • Developing a comprehensive client profile and testing for enterprise transparency 
  • Reevaluating risk for existing clients to ensure they meet new standards 
  • Setting parameters and designing an effective process for closing customer accounts

Presented by Oracle - Seeing is Revealing

Sep 24, 2013 2:15pm ‐ Sep 24, 2013 3:30pm

Identification: KS02

Managing an effective AML program is no easy feat these days between complex regulatory requirements, shifting money laundering schemes, complex technology systems and large operations. In addition, terms such as big data, unstructured data, and high-volume data are becoming industry standards rather than the latest fad; so how do managers stay on top of these increasingly more complicated AML programs?
One answer is to tap into the human’s keen sense of visual pattern recognition which is capable of sifting through vast quantities of input to perceive complex information. Come hear from two AML veterans who are exploring interactive data visualization and will share examples of their current thoughts and vision of the possibilities of an intelligent “vision” of data.

In this session you will learn:
• How do these tools fit into AML monitoring?
• What is the current state of tools and techniques being used?
• What are some of the techniques and tools that are used in other fields?
• How to view large amounts of data to see some macro patterns and trends
• What graphics can help in the context of an alert or case investigation?