Address both issues of Ethics and Risk Management which have been factors for financial institution's concerns as they face "what is the right way" and "appropriate risk appraisal" in putting together a viable compliance program. Attending this course will give you the strategy you need to make policy, procedure, and process a firm’s three prong defense “against a life that comes at you fast and requires one person or a firm to signal and change lanes at a moment’s notice.” Advanced registration is recommended as space is limited.
Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 2.0
Important 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 or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code:103981
Gerard (Jerry) W. LiVigni
Senior Compliance Officer, Office of Foreign Assets Control (OFAC)
Daniel L. Tannebaum (CFE)
OFAC Compliance Manager
Darren Donovan
Principal, Forensic Services
Daniel B. Pickard
Partner
Gerard (Jerry) W. LiVigni, Senior Compliance Officer, Office of Foreign Assets Control (OFAC), U.S. Department of the Treasury
- Address both issues of Ethics and Risk Management which have been factors for financial
institution's concerns as they face "what is the right way" and "appropriate risk appraisal" in putting
together a viable compliance program.
- Suggested possible strategy you need to make policy, procedure, and process a firm's three prong
defense "against a life that comes at you fast and requires one person or a firm to signal and
change lanes at a moment's notice."
Daniel L. Tannebaum (CFE), OFAC Compliance Manager, Federal Reserve Bank of New York
- The importance of conducting an OFAC risk assessment prior to program development.
- How to work with the business line when program deficiencies are discovered.
- Industry best practices in OFAC program development.
- Training senior management to appreciate OFAC compliance and associated risks.
Darren Donovan, Principal, Forensic Servicese, KPMG LLP
KYC
- Who is your customer, level of due diligence necessary, customer customers, relationships
with and reliance on other (US/non-US) financial institutions and potential OFAC exposure
- Pre/post M&A due diligence - see Hilton example (also old article Antonio and I wrote on this
from an AML/OFAC perspective
Transaction Monitoring
- System deployment, tuning, what is being screened and overall integration into transaction
monitoring for suspicious activity
Indirect OFAC exposure (this depends on the audience – key in the Caribbean and Latin America)
- Hot topic countries: Venezuela, Ecuador and Bolivia due to Cuba and Iran exposure
- Secondary hot topic countries: Canada, Caymans, Panama similar exposure as above since
some of the US-$ transactions are being routed this way through subsidiaries or
affiliates, despite them clearing in NY.
Daniel B. Pickard, Partnere, Wiley Rein LLP
- Recent developments in enforcement actions
- Client concerns – new and old
- Voluntary self disclosures and the new enforcement guidelines
- Pending Iran legislation
- CEOs
- CFOs
- Financial Institution Audit
- Compliance, Legal, and Operational Professionals and Staff
This is a must attend event for anyone interested to learn the importance of ethics and risk management in a sustainable compliance program.
- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A