Creating Risk Management Models to Identify the Proceeds of Marijuana Businesses and Controls for Banking Clients that Serve Legal Cannabis Sellers

Apr 12, 2016 1:55pm ‐ Apr 12, 2016 3:10pm

Identification: CS5

• Charting how marijuana proceeds are moved via alternative payment systems through traditional financial institutions
• Monitoring international transactions for potential links to commingled legal marijuana revenue
• Developing an internal marijuana task force/committee to stay current on changing state and federal laws

Virtual Currencies: Creating and Implementing Effective Risk-Based Oversight Presented by Grant Thornton

Apr 12, 2016 1:55pm ‐ Apr 12, 2016 3:10pm

Identification: SE6

• Understand how to establish a virtual currency account and Blockchain transaction validation via data mining
• Understand Bitcoin transaction flows, operational and regulatory challenges related to 'virtual currencies
• Learn how a virtual currency exchange manages AML risks via interactive case study

Using a Risk-Based Approach for Efficient AML Audits at Global Financial Institutions

Apr 12, 2016 1:55pm ‐ Apr 12, 2016 3:10pm

Identification: AS1

• Defining, developing and maintaining global audit plans
• Creating a detailed audit risk assessment methodology
• Establishing metrics to trigger alerts and SARs/STRs for efficient flagging and resolution of cases

Know Your Employee: Best Practices to Thwart Internal Malfeasance

Apr 12, 2016 1:55pm ‐ Apr 12, 2016 3:10pm

Identification: FT2

• Training managers to observe potential employee misconduct red flags, such as not filing SARs on alerts or ignoring irregular transaction patterns
• Augmenting oversight of at-risk accounts through dual control management and random client transaction audits
•  Formalizing processes for documenting investigations to protect institutional legal interests and serve as a potential law enforcement resource

Tax Evasion Update: Compliance Strategies for FATCA and GATCA

Apr 12, 2016 1:55pm ‐ Apr 12, 2016 3:10pm

Identification: LCS1

• Understanding obligations of FATCA Reporting Officers to meet IRS certification requirements
• Completing due diligence on all affected accounts to meet FATCA deadlines
• Mapping demands and deadlines of the OECD Common Reporting Standard (GATCA) to assure timely compliance

Research and Findings: CAMS-FCI White Papers

Apr 12, 2016 1:55pm ‐ Apr 12, 2016 3:10pm

Identification: IT1

In the increasingly sophisticated world of financial crime, mastering investigative skills is a veritable job requirement for compliance professionals. Graduates of the CAMS-Financial Crimes Investigations (CAMS-FCI) Certification program delve deeply into investigation processes, producing white papers rich with new findings that will be shared during this session.

Adopting Compliance Policies for Banking Hedge Funds and Other Alternative Investments

Apr 12, 2016 3:40pm ‐ Apr 12, 2016 4:55pm

Identification: CS6

• Conducting an internal audit to identify potential hidden risks in alternative investments and conduct necessary due diligence
• Implementing oversight systems that address unique risk assessment needs on alternative investments such as unclear beneficial ownership
• Designing robust oversight models to ensure risk ratings remain current with changes in regulations or structure of the alternative investment

Universal Client Scoring Models: Unifying Transaction Monitoring Output and Client Due Diligence into a Client Risk Scoring Paradigm

Apr 12, 2016 3:40pm ‐ Apr 12, 2016 4:55pm

Identification: SE7

  • Using quantitative measurements to evaluate AML risk across business lines and geographies
  • How to approach quantitative modeling and risk visualization
  • Building a control-at-risk operating environment

Compelling Compliance Lessons from Recent Corruption Cases

Apr 12, 2016 3:40pm ‐ Apr 12, 2016 4:55pm

Identification: LCS2

• Dissecting the Petrobras kickback schemes for guidance on enhancing anti-bribery and corruption oversight
• Analyzing Chile’s Penta Group case for insights on detecting tax evasion and PEP corruption
• Detailing FIFA corruption allegations for applicable lessons on enhancing nonprofit oversight

Collaborating Effectively on Undercover Law Enforcement Investigations

Apr 12, 2016 3:40pm ‐ Apr 12, 2016 4:55pm

Identification: IT2

• Understanding law enforcement methods to establish complementary operational roles in your financial institution
• Protecting your institution by determining the legal responsibilities and legal limitations of collaboration
• Conducting a post-investigation review to identify best practices for future collaborations