Exploring Effective Anti -Money Laundering Programs

Broadcast Date: Wednesday, September 18, 2013 from 12:00 pm to 2:00 pm (ET)

Overview:

In this two-hour LIVE webcast, a panel of AML experts and thought leaders organized by The Knowledge Group will offer substantive discussion on how to set up and execute effective anti-money laundering programs to ensure compliance with BSA/AML laws and defending yourself against sophisticated financial criminals.
Significant topics to be covered:

– AML Guidelines from USA Patriot Act, Bank Secrecy Act and Suspicious Activity Reports (SARs)
– Review and Latest Trends on Regulatory Enforcement Actions
– Checklist for Money Laundering Risk Assessment
– Key Steps for Developing/Improving Your AML Program
– Practical Tips to Monitor and Audit Your AML Compliance Program
– Other Regulatory Updates and more!

Agenda:

SEGMENT 1:
Marvin G. Pickholz, Partner,
Duane Morris LLP

Anti-Money Laundering Statute (“AML”)
AML Use By Government
AML Is About You and Your Business
Generally, what should a corporation do?
Manuals often are not a substitute for AML Procedures standing alone

SEGMENT 2:
Jamie L. Boucher, Partner,
Skadden, Arps, Slate, Meagher & Flom LLP

Trends in Examination and Enforcement: An Overview
Recent Trends in Enforcement Actions
Emerging Best Practices

SEGMENT 3:
Chris Grippa, Managing Director,
Alvarez & Marsal

Cost Benefit Analysis
A Risk Based Approach
Risk Assessment
Effective AML Compliance Programs

SEGMENT 4:
David Bliss, CAMS, Associate Director – Product Management,
Bankers Accuity

False Positive Reduction Best Practices – Risk mitigation and operational burden go hand-in-hand
Taking a Risk-Based Approach – Finding the right balance between risk and operational burden
Translating a Risk-Based Approach to Actionable False Positive Reduction
Understanding the Matching process will help you devise a strategy to reduce false positives
UUnderstanding the concept of Rules
- - Step #1:
    - Screen Separate Data Separately
  - Step #2:
    - Screen Only What you Must
    - Addresses that Match risky entities
  - Step #3:
    - Exclude Local Place Names
  - Step #4:
    - Use Unscreened Data in Rules
  - Step #5:
    - Break Down SWIFT Data
    - Examples of Avoidable Matches
  - Step #6:
    - Find Risk Profile-Supported Patterns

SEGMENT 5:
David M. Schiffer, President & CEO ,
Safe Banking Systems, LLC
Enterprise Risk Management : A different approach

The Challenge: Finding the “bad guys” in large volume databases
A Different Approach: Principles vs. Rules
Examples of contrasting methodologies
Complimenting well-trained staff with advanced technology

SEGMENT 6:
Marta Alfonso, CPA/CFF, CIRA, JD, Principal, Management Advisory Services Department,
MBAF

The Organization and Environment
The Process
Top 10 Remediation Tips To Resolve AML Compliance Issues

Who Should Attend:

– BSA/AML Compliance Officers
– Senior Management and Board Members
– Auditors
– Attorneys
– Anti–Money Laundering Lawyers and Specialists
– Security Operations
– AML/BSA Professionals
– Fraud Monitoring
– And Other Interested Professionals

Course Level:
Intermediate

Advance Preparation:
Print and review course materials

Method of Presentation:
On-demand Webcast (CLE)

Prerequisite:
NONE

Course Code:
134468

NASBA Field of Study:
Specialized Knw and Apps

NY Category of CLE Credit:

Total Credits:
2.0 CLE