Hiding in Plain Sight: Counterfeit Goods, Looted Antiquities and TBML

Apr 10, 2018 3:50pm ‐ Apr 10, 2018 4:50pm

Identification: C37

• Assessing client TBML risks based on variables such as business lines and activity in higher-risk jurisdictions, and continuously monitoring for emerging risks affecting risk profile
• Analyzing guidance from UNDOC and other bodies to ensure TBML models reflect AML risks linked to counterfeit goods
• Examining cases involving antiquities sales to identify TBML risks such as mislabeled goods and invoice manipulation


A Lean, Mean AML Machine: Stretching AML Resources at Smaller Institutions

Apr 10, 2018 3:50pm ‐ Apr 10, 2018 4:50pm

Identification: C38

• Utilizing collaboration with law enforcement, regulatory agencies and professional networks to leverage AML resources
• Performing cost/benefit analysis to identify opportunities to effectively outsource compliance functions
• Conducting institutional risk assessment to prioritize AML needs and rationalize allocation of resources


AML 2.0: Transforming the Approach to Combatting Financial Crime

Apr 10, 2018 3:50pm ‐ Apr 10, 2018 4:50pm

Identification: C39

• Integrating customer risk rating, periodic customer review, and transaction monitoring into one dynamic process
• Enhancing onboarding, customer due diligence and transaction monitoring using cognitive technology and machine learning
• Establishing more effective and efficient information-sharing through shared services and advanced technology


Opening Remarks

Apr 11, 2018 7:30am ‐ Apr 11, 2018 7:35am

Identification: G9


Keynote and Q&A

Apr 11, 2018 7:35am ‐ Apr 11, 2018 8:20am

Identification: G10


ACAMS Special Presentation: How AML Professionals Can Combat Human Trafficking

Apr 11, 2018 8:20am ‐ Apr 11, 2018 9:20am

Identification: G11

• Assessing institutional risks related to human trafficking such as business lines and geography of operations to tailor effective monitoring models
• Training staff on trafficking typologies such as funnel accounts and frequent transfers to at-risk locations to strengthen red flag detection and resolution
• Filing SARs and partnering with law enforcement and NGOs to spur information sharing, keep current on trends and leverage investigative resources


Digital Dilemmas: How Cryptocurrencies Are Changing AML

Apr 11, 2018 9:50am ‐ Apr 11, 2018 11:00am

Identification: G12

Even as virtual currencies rapidly gain acceptance, scandals like the Liberty Reserve case and cryptocurrencies’ role in ransomware hacking schemes reflect the complex financial crime risks associated with them. Panelist for this session will analyze:
• How cryptocurrencies work;
• Red flags for cryptocurrencies being used for illicit purposes;
• Ways to identify if your customers are active in cryptocurrency markets; and
• Models for a virtual currency risk policy for your bank


Closing Remarks

Apr 11, 2018 11:00am ‐ Apr 11, 2018 11:05am

Identification: G13