AML & Fraud Services Recorded Briefings Suite Plus

Transcription

1 2017 RECORDED BRIEFINGS Banking High Risk Customers: Practical Considerations for Enhanced Due Diligence* In this webinar we lay out determining risk appetite and risk profiles for high risk customers. You will learn how to gather information. We will work on how to open these accounts with, and continue to bank, customers that make sense for your market and financial institution. Handling Electronically Stored Information in a Fraud Investigation* Speaker: Kathy Bazoian Phelps, Partner, Diamond McCarthy LLP In this webinar you will learn where electronically stored information (ESI) including hidden assets and fraudulent transfers can be found to build your fraud case. Possible locations include company records, personnel records, third party records, social media, the Internet and public record searches. The speaker will also cover how to obtain the information in reasonable usable form, and how to avoid minefields such as sensitivity to Personal Identifiable Information and Attorney-Client Privileged Communications. Practicalities and Risks of Using OFAC Licenses, and How to Expedite Them* Speaker: Michelle Turner Roberts, Counsel, Berliner, Corcoran & Rowe LLP A license is an authorization from U.S. Treasury s OFAC to engage in a transaction that otherwise would be prohibited. Many of OFAC s licensing determinations are guided by U.S. foreign policy and national security concerns, they are granted on a case-by-case basis. The best case scenario is day approval, but what can you do to expedite or at least, not unnecessarily delay, the license? What is essential to include according to the application guidelines or the regulations pertaining to the particular embargo program? And, do you need to provide a detailed description of the proposed transaction, including the names and addresses of any individuals/companies involved? Listen to this webinar and find out! Counterfeit Goods: Money Laundering in Plain Sight* Speaker: Michael Schidlow, SVP, Head of FCC and Emerging Risk Audit Development, Global Internal Audit, HSBC Bank USA N.A. Counterfeit goods are an emerging risk not just to the general population but also to financial institutions that may miss the potential predicate crimes involved in their manufacture, distribution, and sale. These crimes can include money laundering, human trafficking, bribery, extortion, fraud, as well as regulatory concerns such as potential sanctions violations. Counterfeit goods are largely controlled by organized crime groups, terrorist supporters, and even sanctioned government entities. The underlying symptoms of these illicit actors control over the counterfeit goods market requires a careful calibration of your anti-money laundering (AML) and sanctions compliance controls and a keen understanding of how the crime carried out in their origination can interface with those controls. The Role and Authorities of U.S. Department of State in Sanctioning Terrorists* Speaker: Jason Blazakis, Director, Office of Counterterrorism Finance and Designations, Bureau of Counterterrorism, U.S. Department of State The imposition of sanctions by the U.S. against terrorists, terrorist organizations, and their support structures is a powerful tool. Its effects reach far beyond the blocking of terrorist assets. Designating individuals or organizations as SDGTs, SDTs, or FTOs, denies them access to the U.S. financial system. This webinar explains the important role of the U.S. Department of State over the implementation of U.S. sanctions policy in designating terrorists, and its cooperation with OFAC. 1 Page

2 Card Fraud It is a Jungle Out There Brannan Group, LLC; Ian Mitchell, CAFP, Consultant, Fraud Fighter Consulting and Karen Cline, Director, Card Fraud Management, Fifth Third Bank This webinar will acquaint you with the various types of card fraud presently on the rise and steps your institution can consider to effectively combat card fraud while remaining sensitive to your customers experiences. Should financial institutions be more concerned with debit card fraud or credit card fraud? How has card fraud changed with implementation of the chip? What are the latest trends, and what should you be doing to effectively combat fraudsters? Who stands to lose the most in the present environment the merchant? Visa/MasterCard? Or the financial institution? What are some best practices presently being deployed that your institution may want to consider? What inroads are being made to gain a stronger partnership and engagement on the part of the customer in combatting card fraud and what approaches are most successful? To what degree is card fraud gaining the attention of regulators? Get answers to these questions by listening to this recording. The Looming Cyber Threat to Financial Institutions Brannan Group, LLC; Kelly Chamberlain, Financial Crime Consultant, Financial Crimes Intelligence Group, Wells Fargo; and Lester M. Joseph, SVP, Manager Financial Crimes Intelligence Group, Wells Fargo Presenters discuss the scope of cyber threat, and describe their experience with combatting it. Get insight on lessons learned and best practices, and a look at the latest trends. Learn what today s greatest cyber threat is to the averagesize financial institution. What is the best investment in technology available to small- and medium-size institutions to effectively combat cyber threat? Who are financial institutions combatting today and what is their primary motive? What government partnerships can financial institutions cultivate in order to remain well informed on the latest trends and tactics? Hear what best practices are presently being deployed that are most effective in combatting cybercrime. Account Takeover Fraud The Ever Present Threat Brannan Group, LLC; Jim McCarthy, CAFP, Retired SVP, Financial Crimes, Enterprise Fraud and BSA/AML Officer, Corporate Compliance, CIT Group; and Elizabeth Goff, VP and Fraud Prevention Manager, Financial Crimes, CIT This webinar will examine the various aspects of the growing threat of account takeover and how to effectively combat it. This program will focus on: the greatest threat from Account Takeover Fraud (ATO); why a fraudster s deposit to a customer s compromised account is a part of their tactics, and what that mans to the institution; the latest trends used by fraudsters; how social engineering remains to be such an effective tactic; best practices in combatting ATO fraud; and the level of interest regulators presently have in the ATO problem. Effective Management of Sanctions Programs in 2017 Speakers: Ralph Wright, Principal, Crowe Horwath LLP; Bea Young, Sanctions Technology Subject Matter Expert, Crowe Horwath LLP; and Jared Terry, Sanctions Operations Subject Matter Expert, Crowe Horwath LLP The presenters will discuss how to effectively build sanctions programs in the current regulatory environment. Topics covered include: regulatory trends and sanctions program impact with specific focus on updates to Cuban, Russian and Iranian sanctions; the core components of a sanctions program; and how to build a sustainable sanctions program, leveraging KRIs and KPIs for monitoring, and understanding leading practices to continue the evolution of your program. Page 2

3 Managing Emerging Anti-Money Laundering (AML) Risk in the Age of Digital Disruption Speakers: Clayton Mitchell, Regulatory Compliance Risk, Principal Elect, Crowe Horwath, and Mohamed Elkadri, Regulatory Compliance Risk, Senior Manager, Crowe Horwath LLP Continued advancement of the payments industry and financial services technology ( Fintech ) has significantly expanded the way money is handled and how financial transactions are completed. Banks, payments, and technology firms are accelerating efforts to innovate and adapt financial services alternatives to meet the growing demand of customers and consumers. The result is emerging AML compliance and risk management concerns. This webinar explores recent trends and emerging risks arising from financial services innovation; discusses areas of intensified regulatory scrutiny; identifies practical approaches for meeting regulatory expectations; and discusses AML operational strategies for meeting and/or mobilizing new and innovative products, services, and customers RECORDED BRIEFINGS Bank Secrecy Act Essentials: Focus on Suspicious Activity Reporting (SARS)* Suspicious Activity Reports, or SARs are vital documents sent by financial institutions, and required under the Bank Secrecy Act. Often times, however, SARs are not prepared and written in a manner that answers the regulators questions or best fulfills the needs of the law enforcement agencies that will look at the SARs. This webinar will illuminate how to properly fill out and file a SAR, and most importantly, ensure that you fully comply with your regulatory duties. Hear experienced industry expert Joe Soniat detail the common errors and best practices when going through the SAR process from detection of a suspicious transaction to filing of the SAR. Anti-Bribery and Corruption: A Guide for Compliance Officers* Speakers: Barry Koch, Principal, Barry M. Koch PLLC, and Arthur Middlermiss, Esq., Partner, Lewis, Baach, Kaufmann & Middlermiss PLLC This webinar covers the essentials on the U.S. Foreign Corrupt Practices Act (FCPA) of 1977, which was the first major piece of legislation aimed at combating bribery of foreign officials. With near global jurisdiction, the FCPA is widely enforced. The U.S. Department of Justice and U.S. Securities and exchange Commission can impose hefty penalties when financial institutions or corporations violate the FCPA. The agencies may also assess the adequacy of the FCPA compliance program. The former Head of the Global Anti-Bribery and Corruption Program at JPMorgan Chase, and a former Assistant District Attorney in New York County will cover legal requirements, what constitutes a sound Anti-Bribery and Corruption compliance program, and what lessons are learned from recent cases involving FCP missteps. Sanctions Essentials: Connecting the Dots between Sanctions and AML* Speakers: Tyler Hand, Global Head of Sanctions, Interdiction & Anticorruption, Western Union, and Carlton Greene, Partner, Crowell & Moring LLP The overlap between Anti-money Laundering (AML) and OFAC compliance has always been undeniable. In the last ten years, however, sanctions have emerged as a unique and separate area of compliance carrying heavy civil and criminal penalties for failure to comply. Today, no compliance program is complete without taking AML and sanctions rules into consideration, and ensuring that you and your team fully understand the important convergence between these two regulatory hurdles. This webinar provides a practical approach to the similarities and differences between AML and OFAC/sanctions rules, and what a company can do to stay fully compliant with both compliance models. Page 3

4 Page 4 AML & Fraud Services Recorded Briefings Suite Plus Money Laundering through Real Estate: Tips on Identifying and Investigating Cases* Speakers: Les Joseph and Kelly Radzilowski, Global Financial Crimes Intelligence Group, Wells Fargo Laundering illicit proceeds through real estate is a common money laundering method in the United States and beyond. As an established money laundering channel, criminals continue to wash their dirty proceeds through real estate. This webinar focuses on how and where transactions related to money laundering in real estate intersect with the regulated sector, in particular banks. The speakers cover tips on identifying cases by looking at financial transactions in bank accounts, and KYC files, and discuss red flags such as cash deposits used to pay rental payments months in advance, and complex transactions in which multiple properties are bought, resold or exchanged. Testing a BSA/AML Risk Assessment* Speaker: Victor Cardona, VP, Assistant BSA Officer OpusBank The BSA/AML Risk Assessment is a process used to assess the level of regulatory and money laundering risks and evaluate the strength of controls. It identifies the business segments, business units and support functions to be assessed, and determines the scope of applicable AML/BSA laws and regulations for each segment. Further, it scores the inherent risk factors and controls strength factors, and generates an inherent risk and residual risk heat map. As part of the AML compliance testing one of the main pillars of an effective AML program the BSA /AML Risk Assessment should also be reviewed and tested. This webinar covers the methodology to test a risk assessment in a small bank setting, and discusses pitfalls and best practices with lessons from the field. The Ultimate CDD Challenge: Finding the Beneficial Owner* As of May 11, 2018, FinCEN s CDD Final Rule requires that many financial institutions collect and verify the personal information of the real people (also known as beneficial owners) who own, control, and profit from companies when those companies open accounts. Financial institutions have the challenging task to identify and verify the identity of any individual who owns 25% or more of a legal entity, and an individual who controls the legal entity. Beneficial ownership information can be obscured through the use of shell companies, complex ownership and control structures, bearer shares, use of legal persons as directors, and other creative ways. This practical webinar taught by a seasoned compliance practitioner covers how to go about finding the beneficial owner and document your findings to meet these new regulatory expectations. AML Partnership Strategies among the Three Lines of Defense Speakers: Rebecca Robertson, CAMS-Audit, CFE, CAFP, EVP, Director of AML Compliance, South State Bank and Christopher D. Simpkins, CAMS, BSA and OFAC Officer, Arvest Bank In the context of AML, most of us who are BSA offices or part of an AML unit focus on our responsibilities as the second line of defense; while those responsibilities are certainly important, partnerships should exist with the first and third lines. The panelists will explore successful partnership strategies among the three lines and particularly address how and to what degree the second line should support others. BSA/AML Due Diligence Expectations during a Merger & Acquisition Steps for a Smooth Integration Speakers: Rebecca Robertson, CAMS-Audit, CFE, CAFP, EVP, Director of AML Compliance, South State Bank and Christopher D. Simpkins, CAMS, CFE, BSA and OFAC Officer, Arvest Bank Your bank is undergoing a merger or acquisition. What steps should be taken to ensure BSA/AML and OFAC compliance is addressed at every stage? Examine the process from beginning to end, including what to look for during the due diligence phase, decide how (or if!) to integrate your BSA programs and monitoring system(s), dealing with

5 new or expanded regulatory expectations, and everything in between. Explore successful due diligence practices, integration of programs, and expectations for reporting and monitoring. KRIs and Other Metrics for Senior Management and the Board Speakers: Megan D. Hodge, CAMs, Executive Compliance Director, BSA/AML Officer, Enterprise Compliance Regulatory Affairs, Ally Bank; Tyler Reynolds, Enterprise Financial Crimes Compliance, Senior Director of Risk Management, US Bank Metrics and reporting are not only a core expectation of examiners, they are a critical aspect of identifying and measuring risk within your AML program. Do your metrics provide the information you and your senior management needs to ensure your program is meeting regulatory expectations and effectively managing risks? Aren t We Done Yet? Diagnosing and Dealing with Current-Day Challenges of Legacy Transaction Monitoring Speakers: Megan D. Hodge, CAMS, Executive Compliance Director, BSA/AML Officer, Enterprise Compliance Regulatory Affairs, Ally Bank; Herbert R. Mazariegos, AMLP, Chief Anti-Money Laundering, BMO Harris Bank NA Many banks have had automated transaction monitoring solutions for years, yet are still plagued by ineffective rules or other issues that may compromise overall effectiveness. How do you now if you have issues? How do you keep your transaction monitoring rules and techniques relevant in a dynamic environment? Embedding AML Compliance in Day-to-Day Business Operations* Speakers: Erik Vingelen, Senior Vice President and BSA/AML Officer, Banner Bank; Thomas Nollner, Consultant OTA, U.S. Treasury Department The business lines are the eyes and ears of the compliance team. As part of their daily responsibilities these employees are more likely to run across risks than those not embedded in the business. A decentralized approach with oversight can enhance the compliance program. But, how can a business make sure that everyone understands their role in AML compliance? Training in the local language and custom as well as adequate support from the corporate AML team are just some of the ways businesses have successfully enhanced their operations team. Preparing for a Regulatory Examination of Your Financial Institution s OFAC Program* Speaker: Thomas Nollner, Consultant OTA, U.S. Treasury Department This briefing will help you put a plan in place for the examination of your OFAC compliance program. Steps your institution can take in advance to prepare for bank examination of your OFAC program and guidelines for positively and accurately representing OFAC programs to regulators for the best outcome will be addressed. What happens when the bank examiner arrives, how the examiners prepare, how to handle questions, and how to document the examination will be discussed. Page 5