THE FIBA AML CONFERENCE AGENDA |
PRE CONFERENCE DAY PROGRAM - Latin American Private Sector Dialogue (PSD) | ||
DAY ONE | ||
7:00 AM | Registration Open Sponsored by Navigant Consulting, Inc. | |
7:00 AM 8:00 AM | Continental Breakfast | |
8:00 AM 8:30 AM | Welcome to the 2011 FIBA Annual AML Conference Opening Remarks | • Dario Fuentes, Senior VP and General Manager, Caja Mediterráneo (CAM) and FIBA President • Clemente Vazquez-Bello Esq., Partner, Gunster Law Firm, and Chairman of FIBA AML Conference Advisory Committee |
8:30 AM 10:00 AM
General Session | What's new in AML Landscape | Moderator: • William D. Langford, Jr., Senior VP, Global Head of Compliance, JP Morgan Chase Speakers: • Jamal el-Hindi, Associate Director, FinCEN • William J. Fox, Managing Director and Global AML and Economic Sanctions Executive, Bank of America • John Wagner, Director, BSA/AML Compliance, OCC |
10:00 AM 10:30 AM | Coffee Break Sponsored by Bank of America Merrill Lynch | |
10:30 AM | CONCURRENT SESSIONS- SERIES #1 | |
Breakout 1 A | SARs - The New Confidentiality Rule and SAR Sharing Guidance | Speakers: • Clemente Vazquez-Bello Esq., Partner, Gunster Law Firm, and Chairman of FIBA AML Conference Advisory Committee • Jamal el-Hindi, Associate Director, FinCEN |
Breakout 1 B | AML Issues in Latin America - (in Spanish with translation) | Moderator: • Guillermo Horta, Managing Director, Global AML and Economic Sanctions, Bank of America Merrill Lynch • Susan Paola Rojas, Deputy Head Financial Analysis, Superintendency of Guatemalan Banks • Francisco Ruiz, Oficial de Cumplimiento, Bancolombia (Medellín) |
11:45 AM 12:15 PM | Coffee Break Sponsored by DOW JONES | |
12:15 PM 1:15 PM | Luncheon with Keynote Jennifer Shasky Calvery, Chief of Asset Forfeiture and Money Laundering Section, U.S. Department of Justice- Washington, D.C. Sponsored by World Check | |
1:15 PM 1:45 PM | Dessert and Coffee Break | |
1:45 PM | CONCURRENT SESSIONS- SERIES #2 | |
Breakout 2 A |
Private Banking Issues - Beneficial Owners, KYC, EDD, PEPs & Risk Assessments How can banks create a strong internal sales culture which matches the bank's overall compliance culture and regulators' requirements? Where are the business trends and opportunities in the current environment, both in country and offshore? This panel will take an in-depth look at KYC, EDD, PEPs and beneficial ownership issues. There will be ample time for Q &A. Expanded Discussion Points: • Myths about beneficial ownership and complex structures • Client misperceptions • FATCA and U.S. beneficial owners - who is REALLY in control? • AML compliance as a sales tool • Risk assessments - how to really evaluate the risks • Best practices for banks • Weaknesses to avoid in private banking compliance Large vs. small banks (from regulation point of view) | Moderator: • Stephen Strombelline, Managing Director, BNP Paribas Speakers: • Michael J. Wilcox, Managing Director, US Chief Compliance Officer, Banco Santander • Cody Smith, CP/AML , VP & Compliance Officer, Caja Mediterráneo (CAM) • Joseph Kellogg, Director - Wealth Planning, UBS AG |
Breakout 2 B | Emerging Global Payment Risks By Region and By Product Payment risks range from "stripping" in international payments to avoid detection and OFAC sanctions, as well as the explosion of prepaid cards, mobile payments, and payments from regions of the world less well known to the bank. The panel will identify some of the risks, red flags and best practices.
• Implementation - how to build a program with strong controls that use best practices • Cover payments - regulatory perspective and feedback • Stripping • New technology and bank limitations • Prepaid access cards • Remote deposit capture and cash letters • The role of the foreign correspondent bank • Asia/China - regulatory environment, risks, and red flags | Moderator: • William D. Langford Jr., Senior VP, Head of Compliance, JPMorgan Chase NA Speakers: • Suzanne Williams, Manager, Compliance Section, Division of Bank Supervision and Regulation, Federal Reserve System Board of Governors • William J. Fox, Managing Director and Global AML and Economic Sanctions Executive, Bank of America • John W. Campbell, Principal, AML Practice Leader, PwC |
Breakout 2 C | A Caribbean Dialogue on AML Standards, Caribbean Regulatory Expectations and Current Issues As diverse as the issues and regional challenges the Caribbean faces: dollarized economies; AML compliance in complex structures; anti corruption controls; information sharing; UN sanctions; compliance with multiple countries' laws; and required identification processes. This panel looks at several financial centers, their AML regimes, and current regional AML challenges.
Expanded Discussion Points: • Perspectives on current Caribbean AML standards and AML examinations • Correspondent Banking with U.S. Institutions • Challenges in AML implementation • Caribbean sanctions/FATF/tax havens • Whistleblowing | Moderator: • Julia Mold, Regional AML Director - IWM Americas, RBTT & Caribbean Banking, Royal Bank of Canada Speakers: • Karen O'Brien, Managing Partner, Global Compliance Solutions • R.J. Berry, Head of Compliance and Money Laundering Reporting Officer, Cayman Islands Monetary Authority • Samuel J. Wilkinson, Assistant Resident Manager & Compliance Officer, Votorantim Bank Limited • Sharon Christopher, Deputy Chief Executive Officer, First Citizens Bank Trinidad & Tobago • Wayne Shah, Senior Vice President, Wells Fargo Bank N.A. |
3:00 PM | WALK TO NEXT SESSIONS | |
3:15 PM 4:30 PM | CONCURRENT SESSIONS- SERIES #3 | |
Breakout 3 A | How to Integrate Fraud and AML to Protect the Bank Fraud and AML departments use different approaches to illicit activity. But the lack of enterprise wide communication in real time can leave the bank vulnerable to client law suits, other financial exposure and liability, including regulatory and legal actions, and bank liability for the crimes of their clients. Recent Ponzi schemes provide a framework for this important discussion.
• Inside a Ponzi scheme - a bank case study • Analysis of the fact pattern to determine bank complicity • How does law enfocement view third party payments? • Can the AML and Fraud Departments collaborate or integrate to be more effective? • What is the role of the AML professional? • How does IRS investigate their cases? • Legal issues for banks and financial institutions | Moderator: • Robert I. Targ, Partner, Diaz Reus & Targ LLP Speakers: • Michael Diaz, Jr., Managing Partner, Diaz Reus & Targ • Jim Richards, EVP/BSA Officer, Wells Fargo & Company • John Osa, Special Agent, FBI • Rick Raven, Deputy Chief, Criminal Investigation, IRS |
Breakout 3 B | Privacy and Confidentiality in Outsourcing and Technology
Technology continues to raise a number of complex issues for banks - security of data, legal liability of US banks and vendors, privacy of client data, outsourcing of certain compliance functions, and the monitoring and due diligence of vendors. This panel will address operational, regulatory and legal challenges. Expanded Discussion Topics: • Avoiding pitfalls and potential weaknesses • Onshore vs offshore • Controls with customer data • Steps in outsourcing and challenges • Guidance and best practices including FAS 70 • Monitoring and enforceability | Moderator: • Carmina Hughes, Managing Director, Navigant Consulting Speakers: • Kevin M. Levy, Shareholder, Gunster Law Firm • Guillermo Benites, Vice President and Chief Operating Officer, Caja Mediterráneo (CAM) • Debra Novak, Chief, Anti-Money Laundering Section, FDIC |
4:30 PM 4:45 PM | WALK TO NEXT SESSIONS | |
4:45 PM 6:00 PM
General Session | Recent AML Enforcement Actions: What Gets Financial Institutions in Trouble and How Do They Get Out of It? This panel will discuss recent enforcement actions, common themes that get banks in trouble, how did law enforcement find red flags that the banks missed, how do you respond to possible enforcement action, how do you manage the process, correct the deficiencies, and go forward and lessons to be learned
• When is an enforcement action required? • Analysis of recent cases and lessons learned • How to manage the process: Before, during and after the enforcement action • The importance of management commitment, board of director involvement and global oversight and support • The need for an independent compliance function with adequate authority • The importance of effective communications with the regulators and within the organization • Timely escalation of suspicious activity and compliance issues | Moderator: • Amy G. Rudnick, Partner, Gibson Dunn & Crutcher LLP Speakers: • Daniel P. Stipano, Deputy Chief Counsel, OCC • Jack Hogan, General Manager, Sumitomo Mitsui Banking Corporation • Jacqueline D. Molnar, VP, Head AML Shared Services, TD Bank Financial Group |
6:00 PM 7:00 PM | Welcome Cocktail Reception Sponsored by Diaz, Reus & Targ, LLP | |
DAY TWO | ||
7:00 AM | Registration Open Sponsored by Navigant Consulting, Inc. | |
7:00 AM 8:30 AM | Continental Breakfast | |
8:00 AM | Report on the Latin American Private Sector Dialogue (PSD) An Executive Summary of the Conclusions of the PSD on Bulk Cash Smuggling and Impact of FATCA on non US Banks | |
8:30 AM
General Session | Ask the Regulators - What keeps the regulators awake at night? Always a favorite, this is your opportunity to ask regulators the tough questions and hear what is highest on their list of regulatory priorities. | Moderator: • Clemente Vazquez-Bello Esq., Partner, Gunster Law Firm, and Chairman of FIBA AML Conference Advisory Committee • Ingrid Gonzalez, Area Financial Manager, Office of Financial Regulation, State of Florida • Jamal el-Hindi, Associate Director, FinCEN • John Wagner, Director, BSA/AML Compliance, OCC • Suzanne Williams, Manager, Compliance Section, Division of Bank Supervision and Regulation, Federal Reserve System Board of Governors • Kathryn Hinton, Assistant Vice President, Federal Reserve Bank of Atlanta • Thomas H. Roche, Deputy General Counsel and SVP, Federal Reserve Bank of New York |
10:00 AM 10:30 AM | Coffee Break Sponsored by Avila Rodriguez Hernandez Mena & Ferri LLP | |
10:30 AM 11:45 AM | CONCURRENT SESSIONS- SERIES #4 | |
Breakout 4 A | Broker Dealers Issues - Part I: Hot Topics, Best Practices, Red Flags, and Recent Developments in the Broker Dealer Space
This breakout session will focus on recent developments in the broker/dealer space. best practices for customer on-boarding. Discussion will include leveraging Credit, Legal and Operations areas as well as best practices for on-going periodic KYC reviews. How can you leverage the KYC/CIP performed by a parent bank or broker dealer affiliate? Discussion will also include best practices for the collection and/or verification of beneficial ownership information for Broker Dealer customers.
• SEC's latest report on the fiduciary standard initiative; the increasing activity in the whistle-blower space; and the latest requirements in a KYC for master accounts and sub accounts. • The fiduciary standard under Dodd-Frank- what does it really mean • Whistle-blowers and other fraud detectors: recent actions and case studies • Changes in beneficial owner guideline: new guidance for custodial accounts, fiduciaries and other intermediaries | Moderator: • Sergio Alvarez-Mena, Executive Director, Morgan Stanley Smith Barney International Private Client Speakers: • Sven Stumbauer, Director, Forensic, KPMG • Jeff Horowitz, Managing Director and Chief AML and OFAC Officer, Pershing • Lourdes Gonzalez, Assistant Chief Counsel for Sales Practices, Division of Trading and Markets, SEC • Michael Rufino, Chief Operating Officer in Sales Practice in Member Regulation, FINRA • Yvette Hollingsworth, Managing Director, Financial Crime Compliance Head, Barclays Capital |
Breakout 4 B | Trade Finance and Trade Based Money Laundering Addressing one of the hottest topics in international banking, this workshop will focus due diligence, controls and monitoring. What are the red flags and current money laundering schemes? The panel will discuss how to conduct an investigation.
• What to look for and how to identify suspicious activity • Due diligence, red flags, case studies • The "reintegro" of export revenue and how it is done • Connecting the dots in structured deposits • The role of the correspondent bank • Is the BMPE still alive and thriving? • The emergence of the Euro in the drug money trail • The importance of monitoring wire activity | Moderator: • Wayne Shah, Senior Vice President, Wells Fargo Bank N.A. Speakers: • Robert Mazur, President, Chase & Associates, Inc • Lisa M. Grigg, Managing Director and and Money Launderings Risk Executive for the America's, Bank of America • Kenneth A. Smith, Director, Anti-Money Laundering Risk Executive, Bank of America • Frank Di Gregorio, Group Supervisor, ICE |
Breakout 4 C |
Improving Your Transaction Monitoring System This interactive panel discussion will focus on key issues in Transaction Monitoring including: Organizational Design; Case Management Tools; Rules Optimization; SAR decisioning issues; and Financial Intelligence Units among other aspects relevant to domestic and international banking.
• Technology as critical issue in transaction monitoring • The convergence of fraud and AML in effective transaction monitoring • Practical tips on implementation of an effective system | Moderator: • Michael Zeldin, Principal, Forensic & Dispute Services, Deloitte Financial Advisory Services LLP Speakers: • Jim Richards, EVP/BSA Officer, Wells Fargo & Company • David Jeffries, Senior Vice President - Compliance Director, JPMorgan Chase NA • Scott Nathan, Deputy BSA Officer, BankUnited • Karen Van Ness, Senior Manager for Financial Crime and Compliance Solutions, Oracle Financial Services |
Breakout 4 D |
Emerging Regulatory Issues for MSBs This panel will discuss US and Non US MSBs; the FinCEN Guidance MSBs; what are the effective AML Controls; and what are the possible enforcement actions. Are you an MSB in the U.S.? If so, what should you do to comply and where? These and other issues that will drastically impact the operations of MSBs in 2011 or banks that have their accounts will be the focal point of this panel of experts.
• Changing Regulatory Defintion of MSBs- FinCEN publications • International Issues concerning currency flows and MSBs; gateways • Update on Mexico and dollar deposits/movement of dollars between United States and Mexico • Use of payment companies in Argentina and Uruguay • Frank-Dodd Act - Section 10 - direct impact on MSBs • How banks can maintain MSB accounts with appropriate controls | Moderator: • Jorge Guerrero, Esq., Managing Director, Optima Compass Group, LLC Speakers: • Donald C. Semesky, Jr., Financial Operations Consultants LLC and former IRS-CDI and former DEA • Lester M. Joseph, International Investigations Manager, Financial Intelligence Unit, Wells Fargo Bank • Robert J. Smik, President - Alternative Financial Services, NOVA Bank • Patrice Motz, Wells Fargo Bank • Rigo Angel Carballo, Financial Examiner/Analyst Supervisor, Office of Financial Regulation, State of Florida |
11:45 AM 12:15 PM | Coffee Break | |
12:15 PM 1:30 PM | Luncheon with Keynote Speaker
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1:30 PM 2:15 PM | Dessert and Coffee Break | |
2:15 PM 3:30 PM | CONCURRENT SESSIONS- SERIES #5 | |
Breakout 5 A | Broker Dealers Issues -Part II: Hot Topics and Recent Enforcement Actions
This panel will cover recent enforcement actions from FINRA and the SEC What were the key mistakes made by these broker dealers and how can you avoid them? What are the AML exam focuses from FINRA and the SEC? Key recent cases include the Pinnacle Case and the Stern Agee Case.
Expanded Discussion Points: • Venezuelan currency conversion: traps for the unwary and practical risk mitigants • Use of intermediaries in Latin America: Introducing Brokers/Clearing Brokers; foreign finders and other fee sharing agreements • Foreign Corrupt Practices Act and how it applies to broker dealers and sovereign wealth funds | Moderator: • Sergio Alvarez-Mena, Executive Director, Morgan Stanley Smith Barney International Private Client Speakers: • Jeff Horowitz, Managing Director, Chief AML and OFAC Officer, Pershing LLC • Sven Stumbauer, Director, Forensic, KPMG • Lourdes Gonzalez, Assistant Chief Counsel for Sales Practices, Division of Trading and Markets, SEC • Michael Rufino, Chief Operating Officer in Sales Practice in Member Regulation, FINRA • Yvette Hollingsworth, Managing Director, Global Head of Financial Crime, Barclays Capital |
Breakout 5 B | Correspondent Banking including New FATCA Reporting Requirements
The regulations around correspondent banking continue to grow: an important new focus is preparation for FATCA implementation. Other important areas are FinCEN's proposed cross-border wire transfer reporting rules, prepaid cards, and movement of bulk cash. This panel will focus on the new regulations and new risks.
Expanded Discussion Points: • Payment transparency • Cross border wires • Transaction monitoring • Practical issues and challenges including bulk cash and free trade zones • Doing business with high risk jurisdictions • Casas de cambio • KYC with your correspondent bank • Weaknesses and trouble spots identified by Regulators • Regulatory expectations • Impact of FATCA on correspondent banking; IRS rules | Moderator: • Carl Fornaris, Shareholder, Greenburg Traurig Speakers: • Guillermo Horta, Managing Director, Global AML and Economic Sanctions, Bank of America Merrill Lynch • Alan T. Ketley, Managing Director, Anti Money Laundering, Treasury and Securities Services, JP Morgan Chase Bank, N.A. • Marian Ancheta Llera, Associate, Avila Rodriguez Hernandez Mena & Ferri LLP • Thomas H. Roche, Deputy General Counsel and SVP, Federal Reserve Bank of New York |
Breakout 5 C | AML Audit Regulatory Concerns and Industry Best Practices
Regulatory requirements demand that banks conduct audits of their AML compliance as one of the four pillars. This panel will focus on the value of the audits, deficiencies which can occur in the scope of the audit, regulatory expectations, and how to benchmark your AML audit. Expanded Discussion Points: • The three critical perspectives: regulatory, internal audit and external audit • Using regulatory exams and audits to identify and overcome weaknesses in your compliance program • Internal audit methodology and approaches including reporting issues • External audit including how to prepare, defining your expectations, and decision points in choosing an external auditor • Audit and exam issues for regulators including recurring problems , documentation, and corrective actions taken (or not) |
Moderator: • John Wagner, Director, BSA/AML Compliance, OCC Speakers: • Darren J. Donovan, Principal, KPMG LLP • Jennifer A. Young, Audit Director, Senior VP, Bank of America • Spencer W. Doak, Compliance Lead Western District, OCC |
Breakout 5 D | Legitimate Trust Structure or "Busted"
This panel will look at how financial planners and law enforcement look at structures, such as trusts, and what is normal to one and suspicious to the other, and what this means for your bank.
Expanded Discussion Points: • What's the difference between a good financial plan and a money laundering maze? Or is there one? • How can law enforcement tell the difference - or can they? • Hear an experienced estate and trust attorney describe how and why he sets up trusts and other financial instruments for customers • Hear about how these same arrangements appear suspicious to an experienced law enforcement officer. • What are the consequences for the financial institution? | Moderator: • Lester M. Joseph, International Investigations Manager, Financial Intelligence Unit, Wells Fargo Bank Speakers: • Donald Charles Semesky, Jr, Financial Operations Consultants LLC and former IRS-CDI and former DEA • Marco E. Rojas, Esq., Partner, Rojas & Stantham, LLP • Leyda Valenti, CTFA, Senior Vice President, Wells Fargo |
3:30 PM 3:45 PM | WALK TO NEXT SESSION | |
3:45 PM 5:00 PM General Session | OFAC and the New Iran Sanctions (CISADA) The expansion of Iranian sanctions will affect not only US banks, but also international trade transactions and foreign correspondent banks. Speakers from OFAC, the industry, regulators, and top lawyers and consultants will outline regulatory expectations and explain how banks can most effectively implement the expanded sanctions. Expanded Discussion Points: • The new CISADA requirements • Prior OFAC licensing • Special challenges for big banks and Iran • Self disclosure • Common mistakes | Introduction: • Darren J. Donovan, Principal, KPMG LLP Moderator: • Andres Fernandez, Shareholder, Gunster Law Firm Speakers: • Dennis P. Wood, Assistant Director, Compliance Outreach & Implementation, OFAC • Serena D. Moe, General Counsel - Economic Sanctions, Citigroup Inc. |
5:00 PM | Closing Remarks | • Dario Fuentes, Senior VP and General Manager, Caja Mediterráneo (CAM), and FIBA President • Clemente Vazquez-Bello Esq., Partner, Gunster Law Firm, and Chairman of FIBA AML Conference Advisory Committee |
11th Annual FIBA AML Compliance Conference Adjourns | ||
Special pre / post conference FIBA-FIU AML certification courses, & "once-a-year" discounts for AML Conference attendees:
Offered by: The FIBA AML Institute, in partnership with Florida International University (FIU)
• Tuesday & Wednesday, February 22 and 23, 2011 - AML/CA (Certified Associate) -- in English or in Spanish
• Monday & Tuesday, February 28 and March 1, 2011 - CP/AML (Certified Professional) - in Spanish
Separate Registration Required: go to www.fibatraining-regsiter.net