 |
 |
 |
 |
 |
 |
 |
Anti-Money Laundering III:
Global Compliance Requirements
Shaswat K. Das
Senior Sanctions Advisor - Securities Office of Foreign Assets Control
Department of the Treasury
Mr. Das recently joined the Department of Treasury's Office of Foreign Assets Control in September of 2007. Prior to joining OFAC, Mr. Das served as an Assistant General Counsel at FINRA. Previously, Mr. Das served as a Director of Compliance at Legg Mason, where he supervised the firm's asset management examination program. Before joining the firm, he was an attorney at the Federal Reserve Board, providing legal counsel regarding formal supervisory actions against covered financial institutions; in particular, he advised the Federal Reserve's Banking Supervision and Regulation Department on a number of matters involving interpretations of the anti-money laundering laws and regulations. Prior to the Federal Reserve, he served as a senior counsel in the Division of Investment Management at the Securities and Exchange Commission, which included positions in the rulemaking and disclosure review offices. Mr. Das began his professional career as an attorney in the Office of General Counsel at the Pension Benefit Guaranty Corporation, where he primarily focused on ERISA matters affecting the agency. He received a B.A. in History in 1990 from the University of Virginia, and a J.D. from Northeastern University School of Law in 1994.
Randall Pickett
Associate Director of Product Management and Development for Compliance Solutions
Accuity
After brief stints at First Illinois Bank and Harris Bank, Randall Pickett joined Accuity in 1988. For the last 10 years, Mr. Pickett has assisted some of the world’s largest financial institutions in designing OFAC and watch list screening compliance solutions. Currently Associate Director for Accuity’s Compliance Suite product line, Mr. Pickett leads product development for OFAC, AML and BSA solutions. He became a Certified Anti-MoneyLaundering Specialist (CAMS) in 2006.
Clay Stevenson
Vice President, Office of General Counsel
Global Monetary & Financial Control Group
Merrill Lynch & Co., Inc.
Clay Stevenson is a Vice President in the Global Monetary & Financial Control Group of Merrill Lynch’s Office of General Counsel in New York. In this capacity he is responsible for the firm’s global economic sanctions compliance program. Prior to joining Merrill Lynch in May 2007, Clay served for more than eight years with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), working first in the Compliance Division and later the Designation Investigations Division. While at OFAC, Clay served as the Chief of the Counterproliferation Section within the Designation Investigations Division where he led a team of investigators charged with targeting the assets of weapons of mass destruction proliferators and their support networks, particularly those involved in the weapons programs of North Korea and Iran. Clay received his BA in International Affairs from George Washington University and his MA from Johns Hopkins University’s School of Advanced International Studies.
Sarah D. Green
Office of Compliance Inspections and Examinations
U.S. Securities and Exchange Commission
Sarah D. Green is a Branch Chief in the Office of Compliance Inspections and Examinations (OCIE) at the U.S. Securities and Exchange Commission. She leads the Commission’s AML examination program for broker-dealers, including designing examination procedures, developing examination modules, conducting training for SEC and self-regulatory organization (SRO) examiners and coordinating with the SROs on all aspects of AML examination and enforcement. She chairs the SEC’s AML Working Group, and oversees AML examination issues arising in the SEC’s eleven regional and headquarters offices and in its Suspicious Activity Report Review Team. Ms. Green also serves as the primary AML liaison between OCIE and other relevant offices of the Commission, including the Divisions of Trading and Markets and Enforcement. She also serves as the primary liaison between the SEC examination program and both the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) within the U.S. Department of the Treasury.
She has represented the SEC on subcommittees of the Bank Secrecy Act Advisory Group and the Data Management Council. She is a frequent speaker on AML, and has provided technical assistance for domestic and international audiences. Prior to joining the Commission, Sarah was an associate in the Corporate and Securities practice group at Gardner Carton & Douglas LLP, where she specialized in corporate governance, private securities offerings, counseling public reporting companies and tax-exempt bond offerings. Sarah received her J.D. from the William and Mary School of Law and her B.A. from Hamilton College.
Barbara Keller
Assistant Director, Financial Markets and Community Investment
U.S. Government Accountability Office (U.S. GAO)
Barbara Keller is currently an assistant director with GAO’s Financial Markets and Community Investment team. In this position she manages a number of assignments on financial market issues mostly dealing with anti-money laundering and international issues. She recently completed a review of the Currency Transaction Reporting system and is leading ongoing reviews of FinCEN and suspicious activity reporting, the effectiveness of BSA compliance and enforcement efforts, and competitive implications of the Basel II capital accord. In recent years, she led reviews of Bank Secrecy Act examinations and enforcement, international remittances, PATRIOT Act implementation, the vulnerability of the credit card and Internet gambling industries to money laundering, and implementation of the National Money Laundering Strategy. Barbara is also the GAO staff liaison to an anti-money laundering and anti-corruption task force for international audit organizations. Before moving into the financial markets area, Barbara spent 7 years working on international trade and competitiveness issues at GAO. She also spent 2 years in GAO’s former European Office in Frankfurt, Germany, where she worked on assignments in Europe and Africa. Barbara completed her CAMS certification in June 2006. She holds a B.S. in Languages from Georgetown University and an M.A in Public Administration from the University of Virginia.
John F. Walsh
Anti-Money Laundering Consulting SME
Actimize
John F. Walsh is the CEO Of SightSpan Inc, and has almost 25 years of international business and technology experience in both the Securities and Banking industry. Prior to joining SightSpan, John was the Data Czar at Wachovia Investment bank and formerly was the SVP of AML Technology where he lead the banks global strategy. John has led divisions and companies engaged in high risk trading in commodities, foreign exchange and international fixed income products, as both a trader and senior level executive. He has worked in the United States and in several high-risk emerging market countries, during which time he gained valuable experience addressing global risk and international compliance issues. John assists Actimize with their Anti-Money Laundering solution strategy and provides strategic consulting to the company's clients.
Jamie L. Boucher
Partner
Skadden, Arps, Slate, Meagher & Flom LLP
Jamie L. Boucher is a partner in Skadden’s Financial Institutions Regulatory Group with a principal focus on financial institution mergers and acquisitions, regulatory and enforcement matters. Ms. Boucher represents U.S. and non-U.S. banks, thrifts, insurance, securities and investment companies. She was selected for inclusion in Chambers USA: America’s Leading Lawyers for Business 2008.
Ms. Boucher regularly represents financial institutions on compliance and enforcement matters, examinations and voluntary disclosures involving federal and state regulatory and enforcement agencies with respect to the bank regulatory laws. With extensive experience in the Bank Secrecy Act (BSA), as amended by the USA Patriot Act, and the economic sanctions laws administered by the U.S. Department of Treasury’s Office of Foreign Asset Controls (OFAC), Ms. Boucher has counseled domestic and foreign financial institutions on numerous issues arisingunder BSA, OFAC and related laws. She has worked extensively with clients to design and implement internal compliance programs, conduct internal investigations, train company personnel, and monitor and improve corporate compliance posture. Ms. Boucher is a frequent speaker at seminars on financial institution compliance and regulatory issues, mergers and acquisitions and enforcement matters.
Before joining the firm, Ms. Boucher worked for 12 years in government and the private sector on matters involving international trade and investment regulation. She served as the legislative adviser for international trade and foreign policy to former U.S. Sen. Frank H. Murkowski; as an adviser to the American League for Exports and Security Assistance on trade and national security issues; and as a committee staff member on the U.S. Trade Representative-Department of Defense trade policy advisory committee, the Defense Policy Advisory Committee on Trade.
Ms. Boucher currently serves as the chair of the American Bar Association Banking Law Committee, Subcommittee on Mergers and Acquisitions. She is a member of the American Council of Young Political Leaders.
Carmina Hughes
Executive Director
Daylight Forensic & Advisory LLC
Carmina Hughes is an executive director with Daylight in its Washington office. She is an attorney with 27 years of investigation and
litigation experience in the financial services industry and law enforcement.
Before joining Daylight Forensic, Carmina worked as a principal specializing in anti-money laundering compliance and investigatory
engagements with the forensic practice at a "Big Four" accounting firm. Prior to joining the private sector, she served as special counsel
for enforcement and special investigations at the U.S. Federal Reserve System’s Board of Governors. At the Federal Reserve, Carmina was responsible for conducting money laundering and fraud investigations, bringing enforcement actions against banks and individuals,
shaping domestic and international anti-money laundering policy, and implementing the USA PATRIOT Act and Bank Secrecy Act.
Carmina also spent 16 years as an assistant United States attorney for the District of Maryland, where she was
responsible for the investigation and prosecution of all types of federal crimes including white collar fraud, tax fraud, securities fraud,
money laundering and violent crimes. She held various supervisory posts in the office such as chief of general crimes, chief of priority crimes
and deputy chief of the criminal division. Before that, Carmina was an assistant attorney general for the state of Maryland, handling
criminal appeals and representing state officials in correctional litigation matters.
She has a bachelor's degree from Bethany College and earned her law degree from the University of Maryland.
Anti-Money Laundering III
LIVE Teleconference Speaker Firms / Agencies:
U.S. Securities and Exchange Commission
Department of the Treasury
U.S. Government Accountability Office (U.S. GAO)
Event Sponsor(s):
Accuity, a SourceMedia company, is the leading provider of payment routing data, AML screening software and services that allow organizations, across multiple industries, to maximize efficiency and facilitate compliance of their transactions. Accuity’s Compliance Suite includes 100% coverage of worldwide regulatory lists, a range of enhanced due diligence caution lists and screening solutions that provide a prime defense against participation in illicit financial activities, such as money-laundering and terrorist financing. We introduced the world’s first compliance filtering engine in 1994 and since then, the suite has been continually updated to provide industry-leading solutions for global due diligence and regulatory compliance. In fact, eight of the 10 largest global banks rely on an Accuity compliance product.
If you’re not currently using Accuity, visit our Web site to register for a free trial of our Compliance Suite solutions and learn how we can help your business save time and money.
Mitigating transactional risk across enterprise silos, Actimize is a leading provider of software solutions for anti-money laundering, brokerage compliance and fraud prevention. Built on a patented, scalable and extensible analytics platform, Actimize solutions enable financial institutions to increase their insight into real-time customer behavior and improve risk and compliance performance. Six of the top 10 global banks and eight of the top 10 U.S. brokerages use Actimize solutions to process hundreds of millions of transactions a day. Actimize, a NICE Systems (NASDAQ: NICE) company, has offices in New York, Israel, London and Tokyo. For more information, go to www.actimize.com.
Media Partner:
OpRisk & Compliance is the only magazine designed specifically to help you find your way through the complex challenges that operational risk and compliance executives face every day.
Whether it is identifying important regulatory initiatives for your firm, evaluating the wide variety of risks that your firm faces, or ensuring that you keep your company on the right side of the law, OpRisk & Compliance provides you with the toolkit that you need to succeed.
More than that, OpRisk & Compliance helps you think strategically about key risk and compliance issues and implement solutions that focus on best practices and adding value.
For more information and to request a free trial please visit www.opriskandcompliance.com/trial
Upcoming events.