Anti-Money Laundering & Counter Terrorist Financing Conference

Transcription

1 foundation for accounting FAE education Anti-Money Laundering & Counter Terrorist Financing Conference Find out how your clients can stay compliant with anti-money laundering legislation. Wednesday, December 6, 2006 United States Trust Company 114 West 47th Street between Avenue of the Americas and Seventh Avenue New York, NY :25 a.m. 5:00 p.m. (Check-in begins at 8:00 a.m.) Cocktail party sponsored by

2 Anti-Money Laundering & Counter Terrorist Financing Conference Find out how your clients can stay compliant with anti money laundering legislation. Wednesday, December 6, 2006 United States Trust Company 114 West 47th Street between Avenue of the Americas and Seventh Avenue New York, NY :25 a.m. 5:00 p.m. (Check-in begins at 8:00 a.m.) Designed for: CPAs, lawyers, insurance providers, banks and savings institutions, securities firms, money-managers, investment advisors, broker-dealers, financial principals, financial officers, and financial planners with Bank Secrecy Act responsibilities. Objective: To provide the participants with knowledge on compliance with applicable Bank Secrecy Act and Anti-Money Laundering legislations. Featuring seven sessions detailing the latest OFAC, the Patriot Act, Federal and New York State Anti-money Laundering laws. CONFERENCE TOPICS 8:00 a.m. Registration and Check-in 8:25 a.m. Welcome and Introduction Committee Chair Robert Goecks, CPA, MBA, CAMS, Director, Anti-Money Laundering Division, United States Trust Company of New York 8:30 a.m. Introduction to Money Laundering and Terrorist Financing Law Jerome Walker, Esq., Partner, Financial Institutions Practice Group, New York Office Practice Group Leader, Troutman Sanders, LLP Overview of Federal and Select State Anti- Money Laundering and Terrorist Financing Laws Overview of Enforcement Cases Overview of the Requirements of Financial Institutions Overview of the Role of External Advisors and Consultants 9:20 a.m. Federal Financial Institutions Examination Council Bank Secrecy Act/Anti-Money Laundering Examination Manual Lisa Arquette, FFIEC BSA Working Group, Chair, Associate Director, Anti-Money Laundering & Financial Crimes Branch, Division of Supervision and Consumer Protection, Federal Deposit Insurance Corporation Overview of the Role of the FFIEC BSA Working Group Overview of the FFIEC Bank Secrecy Act/Anti-Money Laundering Examination Manual Overview of a Bank Secrecy Act/Anti-Money Laundering Examination 10:10 a.m. Break 10:25 a.m. Combating Terrorist Financing Lorraine Lawlor, CPA, Chief, Compliance Outreach, Compliance Programs Division, Office of Foreign Assets Control, U.S. Department of the Treasury Overview of the Role of OFAC Overview of OFAC Regulations Overview of OFAC s Working Relationship

3 With Other Agencies Overview of OFAC Outreach Programs 11:15 a.m. Non-Bank Financial Institutions Compliance with the Anti-Money Laundering and Terrorist Financing Laws Eileen C. Mayer, Esq., Director, Fraud/Bank Secrecy Act, Internal Revenue Service Overview of the Role of the IRS Overview of the IRS Working Relationship with Other Agencies Overview of an IRS Bank Secrecy Act/Anti- Money Laundering Examination Overview of IRS Enforcement 12:05 p.m. Lunch 1:15 p.m. Prosecuting Federal Money Laundering and Terrorist Financing Cases Elaine Banar, Esq., Assistant U.S. Attorney, Eastern District of New York Overview of the role of the U.S. Depart ment of Justice Overview of the Role of the U.S. Attorneys Overview of Cooperation with Other Agencies Overview of Criminal Prosecutions Overview of Penalties 2:05 p.m. Prosecuting New York State Money Laundering and Terrorist Financing Cases Clark S. Abrams, Esq., Assistant District Attorney, Manhattan District Attorney s Office Marcel Phillippe, Esq., Assistant District Attorney, Manhattan District Attorney s Office Overview of the Role of the Manhattan District Attorney Overview of Cooperation with Other Agencies Overview of Criminal Prosecutions Overview of Penalties 2:55 p.m. Break 3:10 p.m. How CPAs Can Help Their Clients Combat Money Laundering Timothy P. Hedley, PhD, CPA, CFE, Partner, KPMG LLP Joseph P. Dooley, CPA, CITP, CFE, Director, KPMG LLP Laurence Birnbaum-Sarcy, LLM, JD, Director, KPMG LLP Overview of the Role of the CPA in Money Laundering Engagements Assessing AML Compliance Performing Transactional Analysis Discussion of Representative Engagements 4:50 p.m. Closing Remarks Conference Chair S. David Belsky, CPA, S.D. Belsky & Associates, CPA PROGRAM DETAILS Time: 8:30 a.m. 5:00 p.m. (Check-in begins at 8:00 a.m.) Conference Chair: S. David Belsky, CPA, S. D. Belsky & Associates, CPAs Committee Chair: Robert L. Goecks, CPA, MBA, CAMS, Director of Anti-Money Laundering, U.S. Trust Company Planning Committee Members: Patrick J. Carroll, Supervisory Special Agent, FBI; David Gannaway, ASAC, IRS Criminal Investigations; Gary Murray, Director of High Intensity Financial Crime Area, NY/NJ; Timothy P. Hedley, CPA, Partner, KPMG LLP; Lt. Tom Lavanti, New York Police Department; Jerome Walker, Esq., Partner, Troutman Sanders, LLP; Steven G. Lewis, CPA, MBA, CAMS, Sponsoring Committee: Anti-Money Laundering and Counter Terrorist Financing Committee Course Level: Update Prerequisite: Knowledge of auditing Method of Presentation: Lecture, panel discussion, and question-and-answer session Field of Study: Auditing Recommended CPE Credit: 8 Developer: Foundation for Accounting Education Course Code: Member Fee: $350 Nonmember Fee: $450 About the Committee Chair Robert Goecks, CPA, MBA, CAMS, is the founding Chair of the Anti-Money Laundering & Counter Terrorist Financing Committee of the NYSSCPA. He has been the Director of the Anti-Money Laundering Program, for the United States Trust Company, N.A., for the past four years. His work experience includes a career as a Special Agent with IRS Criminal Investigations and a year with NASD as a Special Investigator in sales practice violations. He is a member of the Board of Trustees, John Jay College Foundation, Inc. Association of Certified Anti-Money Laundering Specialists; Certified Fraud Examiners; American

4 Society for Industrial Security and the Stockbrokerage Committee of the NYSSCPA. He has an undergraduate degree in Accounting and an MBA with a concentration in Finance, both from the University of Texas at Arlington. About the Conference Chair S. David Belsky, CPA, CFE, is the founder of S.D. Belsky & Associates CPAs, specializing in bankruptcy, forensic accounting, and litigation support. He also provides expert witness testimony before the U.S. District and Bankruptcy Court in the Southern and Eastern Districts of New York, state and local courts, and the American Arbitration Association. He is a member of the AICPA, the Association of Certified Fraud Examiners, the Association of Insolvency and Restructuring Advisors, and the NYSSCPA, where he is the former Chair of the Litigation Services Committee, as well as a member of the Anti-Money Laundering and Counter Terrorist Financing Committee; Bankruptcy and Financial Reorganizations Committee; and the Consulting Services Oversight Committee. He is the conference chair of the 2006 FAE Anti-Money Laundering and Counter Terrorist Financing Conference. About the Speakers Lisa D. Arquette, MBA, CAMS, is the Associate Director of the Anti-Money Laundering and Financial Crimes Branch, and is responsible for the FDIC s policy, guidance, and examination procedures related to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Counter-Financing of Terrorism (CFT), Office of Foreign Assets Control (OFAC), bank fraud, cyber-fraud, and the background check program. She is also responsible for the FDIC s international assistance related to AML/CFT initiatives. She previously served as Chief of both the Special Activities and AML Sections, with responsibility to administer programs that encompassed: BSA/AML policies and procedures; open-bank fraud investigations with the FDIC s Office of Inspector General; policy related to fiduciary activities, government and municipal securities dealers, and registered transfer agents; industry notification regarding counterfeit items, entities inappropriately operating as financial institutions, improper representation of Federal deposit insurance, and OFAC matters; as well as the background check program. She began her FDIC career as a safety and soundness bank examiner in the Dallas region. Since then, she has also held the positions of Senior Capital Markets Specialist and Risk Management Review Examiner. She is the Chair of the Federal Financial Institutions Examination Council s BSA/AML Working Group and represents the FDIC on the Bank Secrecy Act Advisory Group, Terrorist Finance Working Group, and National Bank Fraud Working Group. She has an MBA from the University of Houston, a Bachelor of Criminal Justice from New Mexico State University, is a graduate of the Stonier Graduate School of Banking, Georgetown University, Washington, D.C., and is a Certified Anti-Money Laundering Specialist. Before joining the FDIC, She was employed by a financial planning company in Texas, and worked as a counselor for victims of domestic violence in California. Clark S. Abrams, Esq., has been a prosecutor with the Manhattan District Attorney s Office since He has handled felony cases from investigation and arrest through trial, specializing in international financial crime, including securities, bank, corporate, and insurance fraud, and money laundering. From 1991 to 1998, as a member of the enforcement division of the New York Office of the Securities and Exchange Commission, he investigated and prosecuted securities fraud cases, specializing in market manipulation and financial fraud. Many of those investigations were of international scope, a few of which marked the first time the SEC was successful in obtaining financial records from various countries. After serving state appellate and federal trial clerkships upon graduation from law school, he practiced commercial litigation in New York City, before entering public service. Since being assigned to the Investigations Bureau of the Special Narcotics Prosecutor s Office in November 2004, he has handled complex investigations -- often involving the use of wiretaps -- of international narcotics traffickers and money launderers. He has spoken both in the United States and abroad on issues relating to money laundering, the Patriot Act, and international cooperation. He spoke at the 2006 American Express Anti- Money Laundering Conference in Manhattan, and presented at the 2006 International Symposium on Economic Crime held at Cambridge University. He is a graduate of Rutgers College (phi beta kappa) and the University of North Carolina School of Law, where he served on the staff of the school s Journal of International Law and Trade Regulation. Elaine Banar, Esq. is the Chief of the Asset Forfeiture Section responsible for the coordination and supervision of criminal and civil forfeiture matters and in that capacity coordinates financial and money laundering investi-

5 gations office-wide. She is a former Deputy Chief of the Narcotics Section during which time she supervised complex narcotics, money laundering and organized crime prosecutions. She has also prosecuted sophisticated securities fraud cases and continues to actively investigate and prosecute criminal cases in addition to serving as the AFS Chief. Prior to becoming an Assistant U.S. Attorney in 1995, for 11 years she was a special agent with the former United States Customs Service involved in the investigation of international arms smuggling offenses, narcotics trafficking, money laundering and undercover operations. In 2001, she served as the Special Legal Advisor on Organized Crime Matters in Kosovo under the United Nations, and from 2002 to 2004 taught undercover and controlled delivery operations in the Baltics as part of a DOD/DOS international law enforcement training team. She is a graduate of New York University Law School. Laurence Birnbaum-Sarcy, LLM, JD, is a Director in the New York offices of KPMG Forensic. She provides investigative consulting services, conducts internal money laundering and fraud investigations for financial institutions, and provides independent Anti- Money Laundering ( AML ) compliance and monitoring services for the public and private sector. Her assistance includes the review of AML programs for compliance with the Bank Secrecy Act (BSA), USA PATRIOT Act, and Office of Foreign Assets Control (OFAC) requirements. She came to KPMG Forensic from Salans law firm, where she conducted legal and regulatory compliance investigations of international institutions. She also assisted with the development of robust AML programs, including policies, procedures, and money laundering risk assessment. She also negotiated contractual agreements during her time in the legal divisions of Société Générale, New York, and Crédit Lyonnais, Paris. Joseph P. Dooley, CPA, CITP, CFE, is a Director at KPMG Forensic in its New York City Office. He provides clients investigative advisory services, and conducts internal money laundering and fraud investigations for financial institutions and corporations. His responsibilities include managing all aspects of Forensic engagements, including planning, conducting fieldwork, reporting and contract administration. Prior to joining KPMG in August 2005, he served five years as a Supervisory Special Agent with the FBI where he led an investigative squad and task force assigned to computer related crimes. Prior to that, he was assigned to the investigation of various financial and corporate crimes, particularly financial institution fraud, for 16 years in Seattle, Newark, and New Haven. He is a frequently requested speaker on white collar and cyber crime matters, both in the United States and abroad. Timothy P. Hedley, PhD, CPA, CFE, is a Partner in KPMG s Forensic practice where he serves as National Forensic Services Lead and as Global Coordinator for the firm s Fraud Risk Management Initiative. He provides clients with a wide range of forensic services by assisting with the prevention, detection, and response to fraud and misconduct. His experience also includes building methodologies and tools to assess the effectiveness of fraud, misconduct, and abuse programs for companies in numerous industries, including banking. He has taught at several universities in the fields of accounting, statistics, and information systems. He is a member of the NYSSCPA and serves on its Anti-Money Laundering and Counter Terrorist Financing Committee, Professional Ethics Committee, and Litigation Service Committee. Lorraine Lawlor, CPA, is the Chief of Compliance Outreach at the Office of Foreign Assets Control at the U.S. Department of the Treasury. A CPA by trade, her primary responsibilities are to ensure that U.S. companies and individuals comply with U.S. economic sanctions imposed against foreign governments and groups of individuals, including terrorists and narcotics traffickers. She has been with OFAC since 1990, before which she was a Revenue Agent with the Internal Revenue Service, auditing primarily corporate tax returns. During her tenure at the IRS, she was active in the Revenue Agent training program and ran workshops on small business taxation for the Small Business Administration. At OFAC, she plays an integral role in the drafting of executive orders imposing sanctions and the regulations that implement them, and has been involved in several multi-lateral meetings with foreign governments in an effort to coordinate sanctions efforts between governments. On a daily basis, she works closely with the financial and exporting communities to ensure compliance with U.S. sanctions law, working with all of the bank regulatory agencies, the SEC, and the Commerce Department s Bureau of Industry and Security. She played an intricate role in the development of the OFAC module in FFIEC s latest AML/BSA Examination Guidelines and was a primary architect of the new OFAC Enforcement Guide-

6 lines for FFIEC-Regulated Financial Institutions, which was published in January During her tenure at OFAC, she has performed innumerable audits of companies and financial institutions, as well as provided advice on potential transactions impacted by OFAC s programs. She has conducted workshops and seminars for the financial and exporting communities across the country through such organizations as the American Bankers Association, the American Bar Association, America s Community Bankers, and the International Financial Services Association. She is the Director of the Fraud/Bank Secrecy Act at the Internal Revenue Service. In this position she has national responsibility for the fraud referral program through which the Service's civil components refer egregious cases of noncompliance to the attention of Criminal Investigation. She also has national responsibility to oversee the Service's work as one of the regulators under the Bank Secrecy Act. Eileen C. Mayer, Esq., came to the IRS after serving for 19 years at the U.S. Attorney s Office, including a two-year detail to the Department of Justice as an Associate Deputy Attorney General and three years on detail to the Department of the Treasury where she was the Special Assistant to the Director of FinCEN. Her duties at FinCEN included coordinating the implementation of the original Bank Secrecy Act regulations for nonbanking financial institutions. Following her detail to FinCEN, she returned to the U.S. Attorney s Office as the Deputy Chief of the Criminal Division where she supervised a staff of attorneys prosecuting federal criminal offenses in the D.C. area. She received her BA degree in economics from Randolph- Macon Women s College and her law degree from the Georgetown University Law Center. Marcel Phillippe, Esq., was appointed an Assistant District Attorney by Mr. Robert Morgenthau in 1981, following two years of civil litigation in a large midtown New York firm. He specialized in narcotics law enforcement and is currently Deputy Bureau Chief in charge of conducting narcoticsfirearms/money laundering and civil forfeiture as well as supervising junior assistant district attorneys. As part of his work, he has conducted both short and long term investigations (including drafting eavesdropping warrants) into organized and street crime in coordination with specialized narcotic divisions of the NYPD, the DEA, FBI and ICE. His confiscation duties require instituting civil law proceedings for the purpose of freezing and ultimately forfeiting criminal proceeds and instrumentalities. He has presented before English speaking and French speaking law enforcement and civil audiences both here and abroad on the issues of narcotics law enforcement/money laundering and both New York State and Federal forfeiture law. He earned his BA degree at Fordham and his JD degree from Fordham Law School. Jerome Walker, Esq. is a Partner in the Financial Institutions Group of Troutman Sanders LLP. He has more than 20 years experience working on Bank Secrecy Act and Anti-Money Laundering matters. He has served as lead attorney on more than 50 BSA/AML investigations and represented clients on BSA/AML and Terrorist Financing matters before the Federal Reserve, the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the NASD, the New York Stock Exchange, the Financial Crimes Enforcement Network, the IRS-Criminal Investigations Division, the Office of Foreign Assets Control, and more than a dozen state banking departments, including the New York State Banking Department, the Florida Office of Financial Regulation, and the California Department of Financial Institutions. During his tenure with the Northeastern District Office of the Comptroller of the Currency, he represented the Comptroller of the Currency on the New York Regional Bank Fraud Working Group and the Organized Crime Task Force of the U.S. Department of Customs. During that time, he was the lead attorney on an investigation involving the largest U.S. Banknote Program in the world. Prior to joining Troutman Sanders LLP, He was a Deputy Group Compliance Director in Charge of North America for Willis Group Holdings Limited, a Partner with Kirkpatrick & Lockhart LLP, a Managing Director and Head of Bank Regulatory Compliance for Deutsche Bank Americas, a Partner with Salans Hertzfeld Heilbronn Christy & Viener, a Senior Attorney for the Comptroller of the Currency, Northeastern District, and the General Counsel and Compliance Officer of the Hongkong and Shanghai Banking Corporation Limited. He graduated from Morehouse College and New York University School of Law. He is a member of the New York County Lawyers Association, the New York State Bar Association, the Institute of Internal Auditors, the Institute of International Bankers, the American Bar Association and the Association of Certified Anti- Money Laundering Specialists.

7 registration form aimportant! Please use one registration form per person. This form may be photocopied. ;;a To register, fill in the registration information in the space provided. Be sure to include your certificate number and your full payment. Mail your payment and registration form to: ;a Foundation for Accounting Education P.O. Box Newark, NJ ;;; Or Register online at Or fax it to: (212) Or phone (212) or (800) a Credit card information must accompany all fax, phone, and online registrations. Please be sure to type or print clearly when faxing. Anti-Money Laundering & Counter Terrorist Financing Conference Wednesday, December 6, 2006 United States Trust Company 114 West 47th Street between Avenue of the Americas and Seventh Avenue New York, NY :25 a.m. 5:00 p.m. (Check-in begins at 8:00 a.m.) Course Code: Today s Date Are you a CPA? Yes No Member NYSSCPA? Yes No Membership ID No. Member AICPA? Yes No Member ID No. Name (Print) Title (Print) Firm Firm Address City State Z i p Telephone Fa x I am a FAE POP Pass holder. (Please present photo ID on the day of the event.) Individual POP Pass holder ( Member Nonmember ) Firm POP Pass holder [ ] POP Pass number(s) _ POP Pass Holders who are no-shows at an event will be billed $50. All registrations accepted are subject to the POP Administrative Guidelines covering the POP Program. Total Amount Enclosed [ ] attendee(s) at Member Fee: $350 Total Amount: $ [ ] attendee(s) at Nonmember Fee: $450 Total Amount: $ Method of Payment Check payable to FAE American Express MasterCard Visa Credit Card No. Exp. Date Cardholder s Name Cardholder s Signature Registration Information How to Register: Simply complete the attached registration form in full and return it with full payment by mail or fax. Or phone or register online at Registration forms may be photocopied, but please use a separate form for each registrant. Payment may be made by check or may be charged to American Express, MasterCard, or Visa. All registrations must be received 10 days prior to the event in order to guarantee a seat and course materials. Allow approximately 10 days for your return confirmation. Registrants who do not receive a confirmation card before the conference must call FAE Registration to confirm registration status. Individuals who have not registered before the 10-day cutoff must call to determine space availability. Advance paid registrants will be seated first. For space availability and registration information, call FAE Registration at or from 8:30 a.m. to 5:30 p.m., Monday through Friday. Participants with special requirements should notify FAE staff at least 10 days in advance of the event. Refunds: No refund will be given for cancellations received less than two weeks prior to the program date. A $25 processing fee will be deducted from refunds for cancellations received more than two weeks prior to program date. POP Pass: Take advantage of the savings. If you are a POP Pass holder, simply return the completed registration form with a POP Pass number, call FAE Registration at , or register online at Each registrant requires a POP Pass number. Registrations must be received by FAE seven business days prior to any CPE conference or seminar. POP participants will not be admitted as walk-ins. Some restrictions apply. For more information on the POP (Pay- One-Price) Program, call FAE Registration at or visit our website at Transfers: FAE allows a registrant to transfer to another program or substitute another person without a penalty more than two weeks prior to the program date. Transfers and substitutions requested less than two weeks prior will be charged a $25 processing fee. Walk-ins: All individuals who register on the date of the program will be charged an additional $25 fee. Program Hours: Check-in begins at x:xx a.m. Program begins at x:xx a.m. and ends at x:xx p.m. Mandatory Continuing Education Requirement: This program complies with the standards set forth by the New York State Education Department for mandatory continuing education for CPAs. FAE s New York State CPE sponsor number is Foundation for Accounting Education Priority Code: B543210

8 foundation for accounting education FAE 3 park avenue, at 34th street, new york, ny w w w. n y s s c p a. o rg Anti-Money Laundering & Counter Terrorist Financing Conference Find out how your clients can stay compliant with anti-money laundering legislation. Wednesday, December 6, 2006 United States Trust Company 114 West 47th Street between Avenue of the Americas and Seventh Avenue New York, NY :25 a.m. 5:00 p.m. (Check-in begins at 8:00 a.m.)