OFAC's 50% Rule - the Achilles Heel of Sanctions Programs - Presented by Bureau van Dijk
Apr 3, 2017 3:50pm ‐ Apr 3, 2017 4:50pm
Identification: S&E5
- Learn different ways to identify 50% owned subsidiaries of sanctioned individuals and entities via direct, indirect or aggregation ownership
- Find out how globalization and the 50% rule have created unknown sanction exposure in traditional sanctions programs
- Examine a case study around unknown SDN/SSI-exposure due to the 50% rule and operational ways to limit the risk
- Discover the sanctions challenges from more than 60 million companies changing ownership in 2016 and how to deal with the challenges of change
Speaker(s):
- Anders A. Rodenberg, Head of Financial Institutions and Advisory in North America, Bureau van Dijk a Moody's Analytics Company
ACAMS Awards Ceremony
Apr 4, 2017 7:30am ‐ Apr 4, 2017 7:45am
Identification: PS4
Speaker(s):
- Rick A. Small, CAMS, Executive Vice President, Director Financial Crimes Program,, Truist
- Dan Stipano, Partner, Buckley LLP
- John J. Byrne, CAMS, Esq., Vice Chairman, AML Rightsource
Keynote Address and Q&A
Apr 4, 2017 7:45am ‐ Apr 4, 2017 8:40am
Identification: PS5
Former US Intelligence Officer and Counter-Terrorism Analyst for NBC News. Author of several books including, Defeating Isis and the recently released The Plot To Hack America.
Speaker(s):
- Malcolm W. Nance , Executive Director, TAPSTRI
Choreographies of Corruption: Lessons from the Panama Papers, the Bahama Papers and FIFA
Apr 4, 2017 8:40am ‐ Apr 4, 2017 9:45am
Identification: PS6
- Reviewing cases to create best corrupt proceeds screening practices
- Tracing how corrupt proceeds are moved globally to identify cross-border transfer risks
- Charting corruption typologies to spots and investigate transactional red flags
Speaker(s):
- Dennis M. Lormel, CAMS, President and Chief Executive Officer, DML Associates
- Karim A. Rajwani, CAMS, Senior Vice President, Chief Operating Officer, Scotiabank
- Ian M. Comisky, Esq., Partner, Fox Rothschild LLP
- Zenón A. Biagosch, President, FIDESnet
- Elizabeth Bethoney, CAMS-FCI, Vice President of AML Operations , Promontory Risk Review an IBM Company
Shhh! A Special ACAMS Presentation - To Keep You Guessing
Apr 4, 2017 10:15am ‐ Apr 4, 2017 11:15am
Identification: PS7
Sometimes the fun is in the suspense, and ACAMS is keeping this session’s content under wraps until revealing it in Hollywood. But while the subject is (for now) a secret, we’re happy to share a few hints. One, it will be extremely relevant to compliance professionals. Two, it will offer cutting-edge insights and practical takeaways. Three, you’ll be glad you attended. See you there.
Speaker(s):
- Megan D. Hodge, CAMS, Executive Compliance Director, BSA/AML Officer, Ally Bank
- Susan J. Galli, CAMS, President, Galli AML Advisory, LLC
- John J. Byrne, CAMS, Esq., Vice Chairman, AML Rightsource
- Richard Weber, Managing Director, Americas Head of Financial Crime, UBS
Securing and Maintaining Correspondent Banking Relationships
Apr 4, 2017 12:30pm ‐ Apr 4, 2017 1:45pm
Identification: GC4
- Analyzing institutions to identify those most likely to offer correspondent accounts to increase likelihood of obtaining banking services
- Tailoring business models and AML policies to meet correspondent bank risk tolerance standards
- Creating oversight team to promptly address red flags and make account exiting decisions
Speaker(s):
- Andrea Saunders, CAMS-Audit, Founder and Chief Compliance Consultant, Risk & Compliance Consultancy Services Ltd
- Susan J. Galli, CAMS, President, Galli AML Advisory, LLC
- Lester M. Joseph, Manager, Global Financial Crimes Intelligence Group, , Wells Fargo
- Angela J. Mele, CAMS-Audit, Compliance Officer, RiskPass AML + Compliance Ltd.
Taking Ownership of Determining Ultimate Beneficial Ownership
Apr 4, 2017 12:30pm ‐ Apr 4, 2017 1:45pm
Identification: CS4
- Accessing publicly available databases to verify new-account UBOs and assign risk ratings
- Conducting enhanced due diligence on high-risk clients to attain UBO clarity, determine account monitoring needs and meet FinCEN’s final CDD rule
- Performing periodic reviews to determine changes in UBO or entity structure, verify and update data files, and ensure oversight incorporate applicable regulatory changes
Speaker(s):
- Roy D'sa, CAMS, Executive Vice President, Chief BSA Officer, Huntington National Bank
- Jeremy Kuester, Deputy Associate Director, Policy Division, Financial Crimes Enforcement Network (FINCEN)
- Jeff Nelson, Managing Director of Financial Crimes & Compliance, Pitney Bowes
- William J. Voorhees, CAMS, Senior Vice President, BSA/AML Financial Intelligence Unit Manager, BB&T, Now TRUIST
Banking MSBs at Smaller Institutions
Apr 4, 2017 12:30pm ‐ Apr 4, 2017 1:45pm
Identification: SI1
- Auditing MSBs to ensure business models and AML policies meet risk tolerance standards
- Training relationship managers on unique client monitoring demands of MSBs
- Creating formal account exiting policies to attain uniform de-risking decisions that serve institutional interests
Speaker(s):
- Kenneth B. Simmons, CRCM, CAMS-Audit, FCI, Chief Executive Officer, Compliance & AML Solutions
- Lauren A. Kohr, CAMS-FCI, Senior Vice President, Chief Risk Officer, Old Dominion National Bank
The New Risks in Town: Adapting AML for Crowdfunding and Other Online Lending Risks
Apr 4, 2017 12:30pm ‐ Apr 4, 2017 1:45pm
Identification: ET4
- Analyzing research on online marketplace lending including US Treasury white paper to detail unique risks involving transparency, source of funds and entity verification
- Reviewing FDIC proposed guidance on third-party lenders to determine evolving regulatory trends
- Crafting CDD, CIP and KYC models to combat unique marketplace lending risks such as lack of client transparency
Speaker(s):
- Megan D. Hodge, CAMS, Executive Compliance Director, BSA/AML Officer, Ally Bank
- Holly Sais Phillippi, Director of Market Development, Refinitiv
- Brian M. Stoeckert, CAMS, Managing Director, Stratis Advisory
- Joseph A. Valenti , Esq., CAMS, Associate Lawyer, K&L Gates LLP
Ongoing Refinement of an AML Transaction Monitoring Control Framework: A Practical Approach - Presented by Oracle
Apr 4, 2017 12:30pm ‐ Apr 4, 2017 1:45pm
Identification: S&E8
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Speaker(s):
- Joseph C. Del Broccolo III, Senior Vice President and Head of Transaction Monitoring Strategy and Liaison, HSBC USA
- Kim Tyler, Senior Product Manager, Oracle
- Allen Sellars, Senior Principal Product Manager , Oracle