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Vendor & Third Party Risk Europe Agenda

Day One | June 12


Registration and breakfast


Chairs opening remarks

Day 1 Moderator: Charlene SebastianVice President, Minerva


Developing an implementation roadmap for upcoming AML Act

  • Understanding the best way to implement AML A into programs
  • Establishing priorities and reviewing tweaks that need to be made to programs
    • Integrating priorities whilst staying compliant
  • Reviewing the potential impact of national priorities
  • Understanding what processes will come out in the official guidance
  • Understanding how to access the new database
  • Reviewing future changes on the horizon

Gregory CalpakisBSA/AML Reform Program Manager & Information Security Officer, OCC

Marlyen HabibOfficer: BSA/AML Compliance SupervisionFederal Reserve Board of New York


Reviewing changes under corporate transparency act & beneficial ownership

  • Reviewing how FinCEN will now collect information to help identify beneficial owners
  • Communicating requirements and timelines to legal entities
  • Ensuring organizations can rely on the registry and updating it on a regular basis
  • Reviewing the status of CTA and how effective this could be for financial institutions
  • Understanding the beneficial ownership registry and how to use it
  • Contradictions brought with the beneficial ownership registry and the beneficial ownership rule

Sheri Levine-SheaCounsel, Financial Crime Legal, Barclays


Morning refreshment break and networking


Responding to cybercriminals when ransomware attacks hit financial institutions customers 

  • Relevant regulatory guidance from OFAC and FinCEN on cyber ransom events
  • What are a financial institution’s obligations when it becomes aware of a ransomware attack on a customer
  • How to conduct adequate diligence on a ransom payment
  • Tension between customer priorities during a cyber-attack and financial institution responsibilities

Mike GreenmanChief Counsel, Financial Crimes Legal, US Bank

Polly Greenberg, Managing Director, Global Head of Program Management, Global Financial Crime Division, MUFG


Enhancing cyber defences to protect against evolving threats including ransomware

  • Integrating the right systems to prevent cyber crimes
  • Recruiting relevant expertise in the bank
  • Investing in infrastructure and technology to ensure systems are not vulnerable
  • Having preventative controls in place to mitigate cyber risk
  • Synchronising approach with other industries to reduce impact to the bank
  • Managing ransomware attacks that could pay sanctioned individuals
  • Identifying ransomware attacks and reporting to law enforcement
  • Building a robust business continuity plan around attacks

Mandar RegeManaging Director, Operational Risk Management – Technology and Cybersecurity, Citi

Katherine CobbFormer, SVP, Manager, CSOC Defensive Team, Zions Bancorp


Improving the Effectiveness and Efficiency of your AML program with AI

  • Framing the problem: challenges regulated institutions face today
  • Traditional approaches and limitations
  • Current technology at your disposal
  • Why firms adopt and why they don’t
  • Winning with emerging technology

Chris CaruanaVP of Strategy, Hawk.AI 


Lunch break and networking


Navigating crypto exchanges as they are unregulated and setting appropriate risk appetite

  • Mitigating risks with unregulated exchanges
  • Understanding the acceptable use of Crypto
  • Managing different types of Crypto exchange when FI’s don’t hold Crypto wallets
    • Reviewing the risk framework around this and understanding what to tolerate
  • Understanding when to file a SAR with Crypto exchanges
  • Building strong KYC programs around different exchanges
  • Enhancing due diligence around Crypto exchanges
  • Educating customers around Crypto investments
  • Working with Crypto exchanges across different jurisdictions and level of maturity
  • Managing and monitoring Crypto exchanges as a non-traditional transaction
    • Implementing automation and innovation

Milana SalzmanManaging Director and Associate General Counsel, MUFG

Deepthi MachavaramGlobal Head of Digital Financial Crimes Compliance Advisory, Morgan Stanley; Fintech Leaders Advisory Board member, CeFPro

Michael Wheeler, Special Agent, IRS Criminal Investigation

Anthony VillacortaHomeland Security Investigations – New York, Dark Web & Cryptocurrency Task Force


Integration of digital and real time payments and emerging adequate controls to identify fraud instantly

  • Understanding how the regulators view digital payments
  • Protecting customers from fraud and scams
    • Ensuring appropriate privacy is in place
  • Educating consumers to understand potential risks with digital payments
  • Reviewing who assumes liability when digital payment apps are used
  • Adding more scrutiny around transferring personal information across different parties
  • Having strong privacy regulations and controls in place to decrease data being leaked
  • Moving faster with payments due to regulations
    • Identifying where the regulators are moving to

Brian Holbrook, Director, Product Strategy and Integrated Services, LSEG Risk Intelligence


Afternoon refreshment break and networking


Enhancing KYC processes to capture changes at a client level

  • Optimizing KYC Refresh through policy and risk rating
  • Setting frequency and considering trigger-based Refresh
  • Getting client information in a timely manner without damaging the relationship
  • Measuring and assessing KYC performance
  • The customer exit decision
  • Looking ahead: Perpetual KYC and Blockchain

Brian BorawskiSVP, BSA Business Liaison Officer, M&T Bank


Enhancing KYC processes to capture changes at a client level

  • Leveraging AI to help with KYC
  • Reviewing the regulatory and industry view of KYC
  • Combating KYC challenges through technology
  • Focusing on industries outside of FI’s
    • Mortgages

Kyle ThomasGlobal Industry Lead, Regulatory Agencies, Appian


Enhancing data programs & developing analytical insights

  • Getting internal data into one format so that all teams can view
  • Leveraging internal data for transaction monitoring and KYC reviews
  • Streamlining methods used to collect data and translating this into one understandable format
  • Ensuring data is accurate to feed upstream processes
  • Identifying guidelines to facilitate data sharing amongst institutions
  • Making meaningful use for data analytics
  • Building an operational system that can collect meaningful data
    • Reducing cycle times and making systems more agile

Mush NabiMonitoring & Screening Program Oversight, Morgan Stanley


Chair’s closing remarks

5:30 – 6:30

End of day one and drinks reception

Day Two | June 6


Registration and breakfast


Chairs opening remarks

Day 2 Moderator: Corey LynchSenior AML Product ExpertVerafin


Navigating the ever evolving sanctions regime and leveraging technology to identify sanctions evasion

  • Detecting sanctions evasions through the use of payment mechanisms
  • Reviewing what is being done internally with current sanctions regimes
  • Staying on top of Sanctions that are coming out
  • Navigating across different sanctions regimes
  • Identifying if legitimate trades will end up aiding Russian military
  • Sharing information across financial institutions to identify trends
  • Detecting sanctions circumvention attempts
  • Leveraging public private partnerships to discuss outgoing threats
  • Reviewing red flags in transactions to identify sanctions evasion
    • Understanding Tri-Seal publication
  • Staying abreast of current events and updates
  • Listing active sanctions and sharing this across the business
    • Leveraging technology to relevant information

Erika AldersManaging Director and Managing Counsel, Head of US Regulatory Legal, State Street

Kristine Cang CuestaHead of US-BSA/AML & Sanctions Compliance, BBVA

Kevin R. Puvalowski, Acting Executive Deputy Superintenent, Consumer Protection and Financial Enforcement, New York State Department of Financial Services


Reviewing the impact of global geopolitical volatility on financial crime

  • Reviewing the potential implications from Russia & Ukraine
  • Ensuring policies and activities are updated for as the geopolitical situation evolves
  • Managing and monitoring controls over software providers
  • Managing business functions when there is an aggressive pace to win business
  • Partnering with businesses within rules set within the institution
  • Less profit margins causing reduced budget for fraud and financial crime teams
  • Potential of increased fraud in economic downturn
    • Staying ahead of potential attacks with less budget

Dave WildnerManaging Director, BNY Mellon


Morning refreshment break and networking


Reviewing the wide variety of scam tactics and ways to stay ahead

  • The various types of financial scams in today’s world
  • MO’s used by the scammers
  • Customer education and awareness in preventing losses to scams
  • Leveraging tools to prevent customer manipulation
  • Best practices to deter customers from being scammed

Raj DasguptaSenior Director, Global Advisory, BioCatch


Developing authentication practices to stay ahead of technology innovation

  • Authenticating clients and subsequent transactions for that client relationship
  • Validating client information against government databases
    • Filling voids in sharing of information
  • Keeping pace with the speed of data and investing in technology
  • Ensuring the right person is being authenticated at onboarding
    • Having consistent information sources
  • Educating vendors and bankers on proper authentication
    • Increase in use of deepfakes to impersonate
  • Overcoming challenges posed by authentication with increased use of AI
  • Utilizing biometrics to have stronger controls in place

Brian SiegalGlobal Head of Fraud Risk, Barclays


Developing authentication practices to stay ahead of technology innovation

  • Session details coming soon

Seth GilpinDirector of Product Marketing, Telesign


Lunch break and networking


Reviewing continued approaches to business email compromise to stay ahead

  • Increased phishing emails with ChatGPT
    • Knowing when these are fraudulent
  • Protecting clients credentials to stop data being compromised
  • Educating customers on what to look for in phishing emails
  • Monitoring accounts to look for unusual activity
  • Reviewing how business email compromise attacks could evolve with ChatGPT
  • Investing in defence tools

Steven J. ShapiroSquad Supervisor, Federal Bureau of Investigation


Reviewing continued approaches to business email compromise to stay ahead

  • Session details to come

Mauriceo CastanheiroFraud Industry Expert, Verafin


Afternoon break and networking


Mitigating risk of check fraud and capturing early to minimize losses

  • Reviewing complexities around collaboration with virtual asset service providers and incorporating cryptocurrencies into strategy
  • Developing more efficient and advanced programs
  • Leveraging technology to improve efficiency and quality of programs
  • Reviewing technology available to help reduce false positive alerts
  • Adapting technology systems to deal with emerging threats
  • Balancing costs and legacy infrastructure
  • Moving technology platforms to be more agile to keep up with the evolving threats
  • Considering different risk areas when designing new technology
    • Building in the agility and adaptability to change with trends
  • Understanding the changing technological landscape whilst being at the forefront
  • Leveraging tools whilst staying compliant with regulatory requirements
  • Implementing controls to identify accounts opened with fraudulent info or synthetic ID’s
  • Integrating controls to protect customers from scams as techniques become more widespread and sophisticated

Caitlin PiaseckiU.S. Postal Inspector, Mail Theft Program Manager, U.S. Postal Inspection Service

Victor CardonaSenior Vice President, BSA Officer, Golden State Bank Senior Executive, Golden State Bank


Delivering a compliance program and demonstrating value add to board and management

  • Driving a compliance program to be more business friendly
    • Showing that it is not just a cost center
  • Presenting the money received is being used in an effective way to drive business
  • Investing and expanding a compliance program
  • Delivering trending and fraud exposure to senior leaders
    • Providing the most impactful data
  • Building a case to implement new detection and prevention tools to prevent fraud

James De RugeriisAntiboycott Compliance Officer, Wells Fargo

Jared WongExecutive Director, Americas Head of Investment Management Financial Crimes, Morgan Stanley

Andrés Betancourt, Senior Manager, AML & Sanctions Internal Controls International BankingScotiabank

Rohit Prasad, Global Relationship Director, Financial Institutions GroupBarclays


Chair’s closing remarks


End of Congress