7:15

Registration/Morning coffee

8:00

Managing Compliance With Your Customer Identification Programs By Applying the Latest Know Your Customer Techniques

One of the first and most important aspects of AML compliance is to ensure your firm's Customer Identification Programs are set up and optimized to make sure your customers are properly identified. In this session, you'll hear the latest in CIP requirements, various implementation strategies for validating the identity of your customers, and methods for working with international standards and entities. You'll also hear discussion on the strategy of relying upon intermediaries to provide customer due diligence. Additionally, learn how to ensure your CIP requirement meets the new challenge of checking terrorist watch lists, and methods for selecting which customers to risk rate.

Moderator:
Alan Sorcher, Associate General Counsel, SECURITIES INDUSTRY ASSOCIATION

Panelists:

Tara Loftus, Executive Director and Head of Money Laundering Prevention, UBS FINANCIAL SERVICES

Michelle Neufeld, Compliance Director, Assistant General Counsel, JPMORGAN CHASE

Jack Sonnenschein, Director, Risk Management Initiatives and Standards, Global AML Compliance, CITIGROUP

Don Carlson, Compliance Program Manager, BANK OF AMERICA

John Wagner, Director of Bank Secrecy Act and Anti-Money Laundering Compliance, OFFICE OF THE COMPTROLLER OF THE CURRENCY

9:00

Best Practices for Knowing When to File Suspicious Activity Reports

Suspicious Activity Reports (SARs) are one of the key tools institutions can use to help thwart money laundering activities and trigger investigations. In order to best utilize these reports, it's imperative to work closely with regulators to develop a standard on when filings should be initiated, and understand the liability for filing SARs, based on the type of institution. You'll also hear insight into the strategies for setting up monitoring programs to trigger on suspicious activity, and will understand how to rectify problems with current SAR filing process.

Moderator:
Tim O'Neal Lorah, Executive Director & Global Coordinator, Anti-Money Laundering Group, MORGAN STANLEY

Panelists:

Thomas D. Fleming, Assistant Director, Office of Regulatory Policy, Regulatory Policy and Programs Division, FINANCIAL CRIMES ENFORCEMENT NETWORK

Karen M. O'Toole, VP and Associate General Counsel, FIDELITY INVESTMENTS

Michael Minto, Special Agent, IRS CI

Patricia Jenkins, Assistant Vice President, NEW YORK LIFE
  

10:30

Morning Break

11:00

CASE STUDIES: Discussing Investigations and Criminal Prosecutions With Law Enforcement Officers

After you've filed a SAR, what happens during the resulting investigation and prosecution? Hear law enforcement officers discuss the recent AML investigations to see how your SARs have lead to prosecutions and shutdowns of money laundering operations, terrorist financing rings, and other illicit behavior. Cases to be discussed include the IRS's mortgage loan fraud and money laundering investigations, as well as other recent investigations. You'll also hear each case deconstructed from the point of view of both the financial institution and the enforcement agent.

Moderator:
Dennis M. Lormel, Senior Vice President, Anti Money Laundering, CORPORATE RISK INTERNATIONAL

Panelists:

Phillip Hull, Special Agent, INTERNAL REVENUE SERVICE

Gregory T. Bretzing,Supervisory Special Agent, FEDERAL BUREAU OF INVESTIGATION

Phillip A. DeLuca,VP and Assistant Director for Fraud Prevention & Investigations, JPMORGAN CHASE

Don Temple, VP/Director of AML Investigations, COMMERCE BANK

12:15

Luncheon for delegates and speakers

We will have specific roundtables at lunch for those who would like to further discuss the important topics. Sign-ups will be on a first-come, first-serve basis each morning of the event.

Table 1: Managing Customer Identification Programs and KYC Techniques

Table 2: Further Discussion on When and How to File SARs (Leader: Don Temple, COMMERCE BANK)

Table 3: AML Investigations and Prosecutions

Table 4: Terrorist Financing Issues (Leader: Dennis Lormel, CORPORATE RISK INTL.)

Table 5: Risk Scoring Issues

Table 6: New Insurance Issues (Leader: Dennis Curnyn, ERNST & YOUNG)

Table 7: Proposed AML Rules for Hedge Funds (Leader: Ross Delston, KALORAMA PARTNERS)

Table 8: MSBs (Leader: David Landsman, THE NATIONAL MONEY TRANSMITTERS ASSN)

Table 9: Discussing PEP risks (Leader: Vasilios Chrisos, ERNST & YOUNG)

Table 10: Transaction Monitoring and Detection (Leader: Lisa Saunders, ACI WORLDWIDE)

Concurrent Sessions – Yellow Track

Track Chairperson: Linda Busby, Anti-Money Laundering Officer, RAYMOND JAMES FINANCIAL

Concurrent Sessions – Blue Track

Track Chairperson: Saskia Rietbroek-Garces, Financial Crimes Advisor, NETECONOMY

1:30

Managing Compliance Issues for Insurance Companies Under the New Regulations

Insurance companies are the latest financial institutions to be subject to AML regulations.

Moderator:
Stephen Shine, Sr. Vice President and Sr. Regulatory Counsel, PRUDENTIAL EQUITY GROUP

Panelists:

Mary Rand, Director, AML, AXA FINANCIAL

Robert Saginaw, Counsel, AIG AMERICAN GENERAL

Dennis Curnyn, Senior Manager, Business Risk Services, ERNST & YOUNG

The Proposed AML Rules for Hedge Funds: A Great Leap Forward into Deep Water?

With AML regulations imminent, hedge fund managers and investment advisors must prepare for the inevitable compliance process. The regulations will require, at a minimum, a written AML program, an AML compliance officer, ongoing training for employees, and periodic independent audits.

Moderator:
Ross Delston, Managing Director, KALORAMA PARTNERS LLC

Panelists:

William Grayson, President, EGM CAPITAL

Beverly Loew, Regulatory Policy Specialist, FINCEN

Gary Sutton, Senior Legal Adviser for Financial Crimes, OFFICE OF THE GENERAL COUNSEL, US TREASURY DEPARTMENT

2:15

Time to move between sessions

2:20

Understanding the AML Regulations with High-Risk Businesses

For high-risk businesses, including jewelry vendors, casinos, and charitable-giving organizations, the risk for money laundering activity is remains high. In this session, you'll hear perspectives from various high-risk business on the following topics:

Moderator: 
Michael D. Shepard, LAW OFFICES OF MICHAEL D. SHEPARD

Panelists:

Eileen Heisman, President and CEO, NATIONAL PHILANTHROPIC TRUST

Cecilia Gardner, Esq., President and CEO, JEWELERS VIGILANCE COMMITTEE

Linda Kassekert, Chair, CASINO CONTROL COMMISSION (NEW JERSEY)

Working A SAR From Beginning to End

A suspicious activity report is clearly one of the most important tools which can be used to alert authorities to possible money laundering activity. Representatives from the law enforcement agencies who have a multi-agency investigation along with an assistant U.S. Attorney will discuss the life a SAR from the point of detection to the outcome of the investigation at trial

Moderator:
Don Temple, VP/Director AML Investigations,COMMERCE BANK

Panelists:

Steve McCabe, Special Agent, IRS CI

Michael Yasofsky, Special Agent in Charge, IRS CI

Vincent Citro, Asst. US Attorney, DEPARTMENT OF JUSTICE

Dan Eckhart, Asst. US Attorney, DEPARTMENT OF JUSTICE

3:10

Afternoon Networking and Refreshment Break

3:30

Strategies for Developing Effective Transaction Monitoring and Reporting Systems

AML compliance procedures and programs are often only as good as the software and support staff that is designed to monitor and report suspicious activity. In this session, you'll hear technology providers and compliance officers discuss how to deploy and effective monitoring and reporting strategy and system.

Moderator:
Patricia Potts, Data Framework Program, Transaction Data Warehouse Manager, WACHOVIA CAPITAL MARKETS

Panelists:

Lisa Saunders, AML Compliance and Fraud Specialist, ACI WORLDWIDE

Jack Sonnenschein, Director, Risk Management Initiatives and Standards, Global AML Compliance, CITIGROUP

Howard Steiner, President, IMPACT AML

How MSBs are Mitigating Money Laundering Risks

The usage of money service businesses and reloadable remittance cards by so-called "un-banked" or "under-banked" consumers has grown considerably over the past few years. While these products have helped to generate increased revenue from a previously untapped market, they are also attracting significant attention from money launderers and other criminals, not to mention increased scrutiny from regulators. In this session, you'll hear how MSBs, associations, and regulators are working together to ensure the integrity of the US financial system, while providing a valuable consumer product.

Moderator:
David Landsman, Executive Director, THE NATIONAL MONEY TRANSMITTERS ASSOCIATION, INC.

Speakers:

Fabio Fernandez, Director and Anti-Money Laundering Compliance Officer, PRONTO MONEY TRANSFER INC.

Alex Basden, Senior Bank Secrecy Act Specialist, SL/HQ, INTERNAL REVENUE SERVICE

Juan Llanos, Chief Compliance Officer, REMESAS QUISQUEYANA, INC.

4:15

Time to move to final session

4:20

Managing Section 312 and OFAC Compliance Issues for Broker/Dealers, Clearing Firms, Mutual Funds, and Other Institutional Businesses

While banks have significant experience in dealing with and interpreting the compliance requirements of Section 312 of the Patriot Act, other non-bank financial institutions are often unsure as to how to interpret the new regulations, as well as the increasing number of OFAC regulations. Attend this session to hear how to:

Moderator: 
Linda Busby, Anti-Money Laundering Officer, RAYMOND JAMES FINANCIAL

Panelists:

Meg Zucker, Executive Director, AML Group, MORGAN STANLEY

Stephen Shine, Sr. Vice President and Sr. Regulatory Counsel, PRUDENTIAL EQUITY GROUP

Kim Keating, Senior Vice President, BANK OF AMERICA SECURITIES

Elizabeth Paige Baumann, Assistant AML Officer, FIDELITY INVESTMENTS

Lourdes Gonzalez, Assistant Chief Counsel - Sales Practices, Division of Market Regulation, SECURITIES AND EXCHANGE COMMISSION

Dennis P. Wood, Assistant Director, Compliance Outreach & Implementation, OFAC