8:00 Registration and breakfast | 8:50 Chairs’s opening remarks

Day 2 Moderator: Bryant Moravek, Director of AML & Sanctions Compliance, Risk Advisory Services, Kaufman Rossin

AML ACT – PANEL DISCUSSION

9:00 Reviewing final standards under AML Act and impact to financial institutions

  • Accessing to information – managing privacy restraints
  • Incorporating priorities into programs
  • Balancing compliance and efficiency with resource constraints
  • Managing implementation changes amidst continued uncertainty
  • Gaining clarity on timelines and expectations
  • Impact to filing a SAR
  • Modernizing practices and expectations

Nicole De Bello, Anti-Money Laundering Counsel, Executive Director, Morgan Stanley
Sabeena Liconte, Deputy Chief Operating Officer, Chief Legal Counsel, Bank of China
Marianne Yen, Chief Compliance Officer, CTBC Bank

Interact on Slido

BENEFICIAL OWNERSHIP

9:45 Understanding changes to beneficial ownership under AML Act and implementation challenges

  • Changes to beneficial ownership
    • Reducing burden on beneficial ownership
  • Implementing centralized database for beneficial ownership
    • Collecting information on beneficial ownership from inception throughout lifecycle
  • Mandate of clients sharing information and having it shared
  • Amending onboarding documentation to mandate sharing of information
  • Aggregating and managing information

Sabeena Liconte, Deputy Chief Operating Officer, Chief Legal Counsel, Bank of China
Dr Henry Balani, Global Head of Industry & Regulatory Affairs, Encompass

Interact on Slido

10:20 Morning refreshment break and networking 

SANCTIONS – PANEL DISCUSSION

10:50 Reviewing the evolving sanctions regime and compliance with latest mandates evolving sanctions regime

  • Managing continuous geopolitical changes
  • Ensuring integrity of data feeds
  • Adapting to constant change and monitoring country risk
  • Proactive management of emerging issues
  • Setting risk appetite for unstable countries
  • Increased complexity of China sanctions
    • Financial impact to US institutions
  • Complexity of Afghanistan and guidance with increased uncertainty

Evan Weitz, Managing Director, International Controls Executive, Wells Fargo
Amber Vitale, Managing Director, FTI Consulting
Dr Henry Balani, Global Head of Industry & Regulatory Affairs, Encompass
Bharat Sadula, Director AML/ATF and Sanctions Audit, Global Head of Transaction Monitoring Audit, Scotiabank

 

Interact on Slido

DATA

11:35 FFC & CLM Regulatory change and data governance adoption

  • 2022 International AML & Financial Crimes Regulatory Landscape
    • AMLA & 6th EU AMLD: Changes & global harmonization
    • Change management: implementing change towards the AMLA
    • FCC program efficiencies and effectiveness
  • Data governance operating model
    • Organization – structure and roles/ responsibilities
    • Operating processes – data domains & definitions
    • Critical data element certification – define/ trace/ profile/ fix/ monitor
    • Roadmap & ROI

Michael Ivie, Managing Partner, Head of Financial Services Consulting, Phyton Consulting
Ed Longridge, Head of Financial Crimes, Phyton Consulting

12:10 Don’t treat your customer like a criminal

Juan Ubeira, Sales Director, Fraud.com

12:20 Lunch break and networking

RANSOMWARE

1:20 Developing policy and frameworks to manage risk of ransomware and approaches to manage events

  • Preventing terrorism infiltrating systems
  • IT capabilities to mitigate breach
  • Internal controls and communication in event of breach
  • Appropriate insurance and contact with law enforcement
  • Increasing public and private cooperation
    • Ransomware task force
  • Increased risk with use of cryptocurrency
  • Impact of facilitating transaction for ransomware payment

Lester Joseph, Head, Global Financial Crimes Intelligence Group, Wells Fargo
Chad Radashak, Senior Financial Crimes Specialist, Wells Fargo

Interact on Slido

1:55 introducing data management processes to manage data quality and streamline practices

  • Data requirements for increased use of technology
  • Cleaning and understanding data
  • Disparate infrastructure to collate data sources
  • Streamlining for transaction monitoring
    • Reading and interpreting data
  • Data consistency across infrastructure
  • Aligning data across systems
  • Data management practices for client onboarding and lifecycle management

Sudharshan Narva, Director, Data Analytics Internal Audit, TIAA

Interact on Slido

CRYPTOCURRENCY

2:30 Reviewing potential for fraud within cryptocurrency and advancing tracing techniques

  • Federally issued crypto currency and impact on AML
  • Determining origin of transaction
    • Tracking origination of funds across all accounts
  • Following trail to see where transfers are directed
  • Crypto exchanges operating outside of regulation
  • Education on risks and used in money laundering
  • Federally issued crypto currency and impact on AML
  • AML considerations for authorized crypto businesses
  • Investigate tracing for evidence to find funds

Jason Samuels, Special Agent, Homeland Security Investigations

Interact on Slido

SCAMS

3:05 Reviewing different types of scam tactics and mitigation techniques to stay ahead

  • Tactics and lengths to perpetuate a scam
  • Increased  sophistication of scams and tactics
  • Education and awareness
  • Behavioural activity to identify irregularities
  • Determining liability for losses
  • Detecting patterns in accounts
  • Increased elder abuse cases
    • Identifying potential cases and tracing funds and money mules

Matthew Holly, Senior Manager, Internal Investigations – Fraud Intelligence Unit, TIAA
Shannon Murphy, Senior Investigator, Internal Investigations – Fraud Intelligence Unit, TIAA

Interact on Slido

3:45 Chair’s closing remarks

3:55 End of Congress