Tech-Based Methods for Enhancing CIP/CDD/EDD and Detecting Suspicious Activity

Apr 3, 2017 2:05pm ‐ Apr 3, 2017 3:20pm

Identification: ET2

  • Using social media and search engine tools to boost KYC accuracy and mitigate onboarding risks
  • Centralizing client data systems to facilitate robust risk assessments and information sharing
  • Analyzing emerging trends such as biometric identification and entity profiling typologies to strengthen verification

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Start Spreading the News: BSA Training from Tellers to Top Management

Apr 3, 2017 2:05pm ‐ Apr 3, 2017 3:20pm

Identification: PD2

  • Preparing and reviewing instruction materials to ensure clear and consistent messaging of regulatory and institutional expectations on BSA issues
  • Tailoring training to target specific roles of internal constituencies including senior management and relationship managers
  • Formalizing schedules and methods for ongoing training to limit risk of BSA compliance lapses

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Updating Approaches for Detecting and Reporting Tax Evasion

Apr 3, 2017 2:05pm ‐ Apr 3, 2017 3:20pm

Identification: GC2

  • Creating an approach to tax evasion to ensure adequate monitoring for red flags such as invoice manipulation, asset concealment and large currency transactions
  • Outlining the OECD Base Erosion and Profit Shifting initiative to develop strategies on evolving evasion regulatory trends
  • Formalizing best practices to investigate and resolve alerts indicating potential tax evasion

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Are Your FCC Programs Enhancing Financial Inclusion and Transparency? - Presented by LexisNexis Risk Solutions

Apr 3, 2017 2:05pm ‐ Apr 3, 2017 3:20pm

Identification: S&E3

  • Analyzing how FCC is helping organizations increase market share in underserved markets
  • Sharing best FCC practices for sustainable and adequate compliance
  • Understanding the criticality of the FCC ecosystem in the digital era

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The Urge to Converge: Unifying Financial Crimes Compliance Across Fraud, AML, and Cybersecurity - Presented by PwC

Apr 3, 2017 2:05pm ‐ Apr 3, 2017 3:20pm

Identification: S&E4

  • Understanding the risk, regulatory, and cost drivers to break down silos in financial crime programs
  • Managing changes across people, process, and technology to realize efficiencies and enhance controls
  • Practical steps financial institutions can take now to build a converged financial crimes capability

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It Could Happen to You: Guarding Against Potential Personal Liability

Apr 3, 2017 3:50pm ‐ Apr 3, 2017 4:50pm

Identification: CS3

  • Reviewing recent regulatory cases to understand current risks regarding professional liability
  • Analyzing New York State Department of Financial Services’ Part 504 regulation “Banking Division Transaction Monitoring and Filtering Program Requirements and Certifications” to chart implications for potential personal liability issues
  • Detailing practical strategies to defend against allegations of personal liability

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Validating Automated Transaction Monitoring Models: New Methods and Tools

Apr 3, 2017 3:50pm ‐ Apr 3, 2017 4:50pm

Identification: ET3

  • Detailing best practices for validating automated transaction monitoring models to ensure accurate outcomes
  • Using statistical modeling to quantify false negative rates of automated transaction monitoring systems
  • Reviewing guidance to meet heightened regulatory expectations for automated transaction monitoring risks

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The Enemy Within: Best Practices for Identifying and Terminating Rogue Employees

Apr 3, 2017 3:50pm ‐ Apr 3, 2017 4:50pm

Identification: PD3

  • Crafting Know Your Employee (KYE) policies to secure thorough screening of new hires for criminal links or conflicts of interest
  • Instituting confidential reporting systems such as whistleblower hotlines to encourage disclosure of co-worker malfeasance
  • Investigating and filing SARs on suspicious insider activities and formalizing policies for cooperating with law enforcement and/or regulators

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PEP Spotlight: Kleptocracy and International Money Laundering

Apr 3, 2017 3:50pm ‐ Apr 3, 2017 4:50pm

Identification: GC3

  • Outlining money laundering typologies of kleptocratic regimes to develop asset tracking and recovery systems
  • Developing collaborative relationships with law enforcement and global entities to ensure thorough investigation of suspect activity
  • Examining case studies to highlight best practices to thwart kleptocrat money laundering

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Defending Against Securities-Based AML and Fraud Schemes

Apr 3, 2017 3:50pm ‐ Apr 3, 2017 4:50pm

Identification: FI1

  • Reviewing common securities fraud and AML typologies to strengthen monitoring systems
  • Implementing formal procedures to investigate unique securities AML risks such as microcap stock manipulation
  • Examining case studies to determine applicable lessons for mitigating securities-based financial crime risks

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