AML

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Since the promulgation of the US Patriot Act, the extent of US economic sanctions have been expanded by the implementation of the AML Law. Current requirements and regulations bolstered existing compliance obligations, and imposed new ones on previously unregulated industries. Financial institutions have been required to update their policies and procedures to adapt to the new regulations. Strict compliance must be observed otherwise, the danger of non-compliance could be tremendous.

The Knowledge Congress is producing a follow up to its highly successful webinar held in May. To help enlighten the public, a panel of distinguished professionals and key regulators will present their expert opinions in a two-hour webcast.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 1.75 - 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.)
Advance Preparation: Print and review course materials
Course Code: 083810
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for 4th Annual Anti-Money Laundering live webcast:


  Event Talking Points (click here to view more)
SEGMENT 1:

Sarah D. Green, Branch Chief, Office of Compliance Inspections and Examinations,
U.S. Securities and Exchange Commission

- FY2008 Exam Statistics
- Common Exam Deficiencies
- Spotlight on Recent SEC/FINRA Enforcement Actions, incl: E-Trade, Ferris, Baker Watts,
  Newbridge, Cambria, possibly others.

SEGMENT 2:

Bob Rosen, Risk & Compliance Specialist,
Dow Jones

Five ways to ensure your compliance program remains strong despite flat or reduced budgets.
  - How to maintain the efficiency of your compliance department by breaking up projects
    into manageable segments and tackling these in order of priority.
  - Increase efficiency by measuring the real impact of compliance activities
  - Fight the fire-drills – how to modify your policies or procedures to eliminate these
    time-consuming tasks.
  - How to find partners in your organization to help – it’s easier than you may think.
  - Secure your budgets by effectively quantifying and measuring risk for more effective
    management reporting.

SEGMENT 3:


Connie J. Fenchel, CAMS, President,
AML Experts, Inc.

- Discussion of recent monetary penalties assessed and Cease and Desist Orders
  imposed by FinCEN or federal and state financial institution regulators for deficiencies in
  BSA/AML programs. The cases will include the name and asset size (when known) of the
  organization penalized, stated penalty amount, agencies involved, and key shortcomings noted
  in the organization's AML or BSA compliance program.
- Penalties against selected individuals and non-bank organizations will be
  included to help illustrate the breadth of the term "financial institution" in federal anti-money
  laundering law and Treasury regulations, and the fact that individuals may be accountable, as well.
  These entries may also prove helpful as bankers try to "drive home" the need for compliance with
  MSB customers and others.

SEGMENT 4:

Michael Zeldin, Principal, Forensic & Dispute Services Practice, Global Leader, Anti-Money Laundering/Trade Sanctions Practice,
Deloitte Financial Advisory Services LLP

Financial Crimes and Transactions: A Global Threat for Financial Institutions

1. Enhancing your AML program to help mitigate regulatory and reputational risks – Core elements
    that financial institutions must build into their AML program that address the full lifecycle of
    AML compliance.

2. Importance of a risk based approach to AML compliance and “knowing your customer” – The BSA
    requirements for financial institutions to determine overall risk within their organization and the
    practical methodologies to evaluate risk factors.

3. Key issues in detecting and reporting suspicious activity – Assessing the effectiveness of an AML
    monitoring program and the processes and metrics that should be developed for the suspicious
    activity review process. The discussion will also incorporate requirements for an effective
    AML transaction monitoring system.

4. Key issues for sanctions screening – Sanctions screening areas within a financial institution,
    applicable lists and their sources and the filtering process. The presentation will also involve a
    thorough examination the alert management process.

5. Considerations for a Financial Intelligence Unit – Effective approach to addressing the mission
    and operational aspects of an FIU including leading practices in organizational design.



U.S. Securities and Exchange Commission
Sarah D. Green
Branch Chief, Office of Compliance Inspections and Examinations
speaker bio »»

Dow Jones
Bob Rosen
Risk & Compliance Specialist
speaker bio »»

AML Experts, Inc.
Connie J. Fenchel, CAMS
President
speaker bio »»

Deloitte Financial Advisory Services LLP
Michael Zeldin
Principal, Forensic & Dispute Services Practice, Global Leader, Anti-Money Laundering/Trade Sanctions Practice
                       speaker bio »»

Who Should Attend?

- AML/BSA Compliance Officer
- Money Laundering Reporting Officers
- Risk Management Officers
- Bank and Financial Institutions Auditors
- Banking Lawyers & Consultants
- Bank Auditors
- Thrifts and Credit Unions
- CPAs
- Fraud Monitoring Officers
- General Counsels

Why Attend?

This is a must attend event to everyone to hear the up-to-the minute updates, issues and developments concerning the Anti-Money Laundering.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    



4th Annual Anti-Money Laundering
Speaker Firms and Agencies:


U.S. Securities and Exchange Commission




AML Experts, Inc.


Deloitte Financial Advisory Services LLP





Event Sponsor:




Dow Jones Watchlist, formerly Factiva Public Figures & Associates, offers the most flexible, robust data format in the industry, and an un-matched set of secondary identifiers, allowing Financial Institutions to break down screening efforts into manageable segments, cutting down on the number of false positives and therefore increasing efficiency. www.solutions.dowjones.com/watchlist

 

Media Partner:


Money Laundering Bulletin:

Money Laundering Bulletin is a probing monthly newsletter that will give you timely and up-to-date information on money laundering schemes, methods, trends and policing - allowing you to develop strategies and tactics to defend against this odious practice.

Visit www.informaprofessional.com/moneylaundering to order your FREE sample copy.



Journal of Money Laundering Control is specifically designed for all those concerned with the prevention of money laundering. Its objective - in each quarterly issue - is to publish analysis, briefings and updates which are of direct relevance to practitioners, whilst maintaining the highest intellectual standards.



 

The Knowledge Conference is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org

 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In New York, our programs are submitted immediately after the event live date and attendees are sent the approval codes once we receive them from the New York State Bar. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

 
Enrolled Agents Sponsor ID Number: 760

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