Managing New Products and Establishing Risk Controls

Sep 30, 2014 12:30pm ‐ Sep 30, 2014 1:45pm

Identification: DT2

  • Developing internal controls to effectively monitor new digital banking products
  • Establishing risk rating and mitigating measures to address new product ventures
  • Influencing product design and functionality to conform to your organization's risk appetite and AML practices
  • Utilizing auditing and testing of new products and systems to identify and address non-compliance with AML practices

Leveraging Big Data and Intelligence Analytics to Enhance Financial Crime Detection (Banks with US$10B to US$30B in Asset Size)

Sep 30, 2014 2:15pm ‐ Sep 30, 2014 3:30pm

Identification: CS6

  • Developing a data mapping and analysis strategy for efficient mining and bifurcation
  • Understanding scenarios and implementing real-time learning from monitoring tools
  • Leveraging financial intelligence to identify and prioritize enterprise risk
  • Establishing sophisticated systems to manage high risk clients including third party payment processors


[Case Study] Keeping Pace with the Vulnerabilities of Emerging Payment Systems

Sep 30, 2014 2:15pm ‐ Sep 30, 2014 3:30pm

Identification: DT3

  • Understanding the risks of online payment methods including square and other widely used online applications
  • Managing the AML demands of remote deposit capture, digital wallets and smart ATMs
  • Identifying the money laundering risks posed by crowd funding, P2P transactions and lending clubs
  • Developing partnerships with law enforcement to identify criminal trends and opportunities for prevention

Supporting Cases and Providing Proper Documentation for Criminal Prosecution

Sep 30, 2014 2:15pm ‐ Sep 30, 2014 3:30pm

Identification: PU3

  • Producing paper trails to show money flow and allocation of funds
  • Proving illicit intent through bank records, applications, credit card information and other supporting documents
  • Gathering aggravating factors to enhance sentencing
  • Establishing a robust partnership between federal and local governments for successful criminal prosecution

Creating an Effective Institutional Culture of Compliance

Sep 30, 2014 2:15pm ‐ Sep 30, 2014 3:30pm

Identification: SP6

Given the recent FinCEN Culture of Compliance advisory, AML compliance needs to be "top of mind" for all individuals within the organization. Join us for an interactive session, where we'll touch on what organizations need to focusing on to maximize AML compliance and ensure that sanctions risk, both institutional and individual, is minimized.
  • Culture of Compliance – ensure the "culture" or values and principles as they are executed visibly within the organization
  • Accountability – who is accountable and who needs the authority to get things done
  • Governance - practices for executing sound, proper and effective governance of AML compliance
  • Integration – a key element to success is the proper integration of data, systems, operations and responsibilities

[Case Study] Correspondent Banking Update: Safeguarding Against Emerging Global Threats

Sep 30, 2014 2:15pm ‐ Sep 30, 2014 3:30pm

Identification: CORE3

  • Managing the risks of providing correspondent services to Mexican banks
  • Understanding sophisticated nested accounts to mitigate sanctions risks
  • Building a robust know your customer's customer program
  • Evaluating criteria for ending correspondent relationship based on country and client risk

Understanding and Implementing Model Validation to Mitigate AML Risk - 2

Sep 30, 2014 2:15pm ‐ Sep 30, 2014 3:30pm

Identification: RM6

  • Gaining a model validation perspective from a governance level for strategic action planning
  • Employing the latest techniques for AML system model validation
  • Complying with recent OCC guidance and expectations on model testing and reporting
  • Utilizing model outputs to evaluate and adjust your AML risk exposure
  • Ensuring data integrity to achieve modeling objectives

Small Institutions: Achieving AML Program Efficiency within Community Banks and Small Credit Unions

Sep 30, 2014 2:15pm ‐ Sep 30, 2014 3:30pm

Identification: MI6.1

  • Implementing cross-utilization of staffing and systems resources
  • Combining BSA/AML and fraud roles to eliminate silos and operate under a single unit
  • Developing enhanced communication between the financial institution and law enforcement
  • Building an enterprise-wide fraud view of lending products, deposits and cards

Securities Focus: Managing a Robust Broker-Dealer AML Program

Sep 30, 2014 2:15pm ‐ Sep 30, 2014 3:30pm

Identification: MI6.2

  • Identifying regulatory "hot buttons" relating to broker-dealer AML compliance
  • Developing a preemptive plan of action to evaluate the effectiveness of your AML program
  • Finding solutions to address strained and limited resources and staffing
  • Applying best practices for account surveillance and client on-boarding requirements

Total Due Diligence: Who Are My Customers, Vendors and Employees?

Sep 30, 2014 2:15pm ‐ Sep 30, 2014 3:30pm

Identification: CH6

Financial institutions, now more than ever, have been asked to identify and mitigate risks across their lines of business. One of the most important questions they must ask themselves is who I am dealing with? In the AML Landscape, financial institutions are asked to know their customers and in some cases, their customer's customer. The need for financial institutions to identify and verify individual customers and the beneficial owners of legal entities is growing; Regulators expect financial institutions to do more. Banks and other financial institutions are also being asked to know their vendors and employees to further mitigate the risks associated with their AML exposure. In this session, we will discuss what financial institutions should do in order to mitigate these risks.


South Florida Chapter
  • What are the challenges with banking Latin American customers?
  • What are the types of legal entities Latin American customers use to protect their identity?
  • Why are these types of legal entities so challenging?
  • What are some of the ways to identify and verify true beneficial ownership?
Atlanta Chapter
  • What are the key CDD requirements from Bank, MSB and TPPP perspective?
  • What risks can arise when failing to extend CDD to vendors?
  • Distinctions between "safe side" or "sorta kinda know" customer/vendor/employees?
  • Effective, thorough CDD is a profitable, risk based alternative to de-risking.
Central Florida Chapter
  • Insights into SARs relating to employee activity
  • Which employees are most likely to commit fraud and other financial crimes?
  • Case Study: Florida-based Rothstein Ponzi scheme- TD Ameritrade employee found to have assisted scheme which resulted in FinCEN, OCC & SEC AML fines