• Detailing recent domestic and global regulatory changes to understand new requirements for addressing money laundering, sanctions and other financial crimes
• Taking recent enforcement and other regulatory actions as one method of enhancing a financial institution’s ability to meet any evolving compliance responsibilities
• Assessing AML and related trends and issues as seen by examiners to determine any emerging compliance challenges
Get ready to participate in this interactive session driven by input from the audience. Two weeks before the conference, attendees will be asked to submit questions they want addressed by the expert panel on stage. Whether the topic is recent AML rule changes or the growing role of artificial intelligence, keeping up with sanctions changes or obtaining resources from senior management, the session will take on the latest, hottest topics and provide thoughtful insights and practical advice for upping your AML game once you return home.
• Ensuring beneficial ownership information thresholds are institutionalized across enterprise
• Clarifying trigger events and detailing responses such as risk profile reviews or refreshment of beneficial ownership information
• Developing multi-platform client communication programs to build awareness of rule’s requirements and enhance customer experience
• Reviewing recent cases and new government initiatives to emphasize personal liability risks for BSA officers
• Differentiating institutional vs. personal liability to understand potential conflicts of interest and develop appropriate defense strategies
• Maintaining ongoing protective strategies including documentation of the promotion of a culture of compliance to demonstrate consistent AML professionalism
• Avoiding inadequate explanations of why activity is deemed suspicious by clearly stating reasons behind SAR filing
• Aiding reviews by regulators and law enforcement by providing pertinent data such as identifying information, activity dates and locations
• Systematizing activity tracking and filing amended reports as warranted to ensure SARs reflect current realities
• Reviewing regulatory developments such as NYDFS 504 on required tech-driven monitoring and filtering
• Formalizing retraining programs to keep professional skills current in wake of innovations such as FinTech, e-commerce and biometric identification
• Creating risk management protocols to mitigate growing AML threats such as the dark web
• How can transparency and trust can enable deeper, more productive relationships, and ultimately avoid risk
• How can KYC, and the importance of external data for screening and negative news, and ongoing understanding of relationships with technology enhance and empower institution in terms of review and risk processes
• How are "bad actors" able to exploit cryptocurrencies and other legitimate business tools to circumvent regulations (such as trade with North Korea and AML requirements)?
• What, if any, is the impact on existing sanctions/AML regulations? Do your sanctions/AML programs need to be updated?
• What is the future impact of these schemes on regulators, law enforcement, reporting entities, customers and countries?