The Longest-Running and Most Prestigious AML Conference

Agenda Day One

Tuesday, Sept. 19, 2006: Main Conference Day 1


Registration and Breakfast Sponsored by:



Opening Remarks from Conference Co-Chairs

Don Temple, VP/Director AML Investigations,COMMERCE BANK

Joel D. Feinberg, Partner, SIDLEY AUSTIN


Regulatory Updates: Understanding the Latest Threats, Regulations, and Enforcement Strategies

The complexity and volume of transactions in financial institutions make them a prime target for money launderers. While banks have been required to be examined by federal regulators for compliance with money laundering laws and regulations, broker-dealers and insurance companies are now being required to implement and maintain an anti-money laundering program and report suspicious activity under Bank Secrecy Act regulations, OFAC regulations, and other self-regulatory bodies. Moreover, additional regulations are likely on the way, affecting hedge funds, money service businesses, and stored value providers.

Joel D. Feinberg, Partner, SIDLEY AUSTIN


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

Michael G. Rufino, Senior Vice President, NEW YORK STOCK EXCHANGE


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

Dennis P. Wood, Assistant Director, Compliance Outreach & Implementation, OFFICE OF FOREIGN ASSETS CONTROL


Analyzing Section 312 Compliance Issues for Correspondent Banks

Section 312 of the USA Patriot Act requires U.S. financial institutions to perform due diligence and, depending upon the case, enhanced due diligence, with regard to correspondent accounts established or maintained for foreign financial institutions. However, determining how to apply this regulation to multinational businesses can be confusing, expensive, and a logistical nightmare. This panel will address, from both the bank and broker/dealer perspectives

Connie Friesen, Partner, SIDLEY AUSTIN


John Caruso, Director of AML Compliance, DEUTSCHE BANK AMERICAS

Daniel Becker, Managing Director, Head of AML Compliance, BANK OF NEW YORK

Suzanne Williams, Manager, Division of Banking Supervision and Regulation, FEDERAL RESERVE BANK





Overcoming the Challenges of Complying with Private Banking Operations Under Section 312

For private banking accounts, the final Section 312 of the US Patriot Act ruling outlines the due diligence and enhanced due diligence requirements, and outlines which duties with respect to accounts maintained for senior foreign political figures are required. While the rule is clear as to which institutions it pertains (depository institutions, securities broker-dealers, futures commission merchants and introducing brokers in commodities, and mutual funds), it doesn't provide a framework for implementing a compliance program. In this session, you'll hear how to overcome the complex regulations and ensure your bank or brokerage firm is in compliance, with a specific focus on:

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


Rita Gemayel, AML Group Coverage Manager for Private Wealth Management, MORGAN STANLEY

John G. Panagopoulos, Compliance Director, Financial Crimes Prevention & Intelligence, LEHMAN BROTHERS

Kevin McCleerey, Managing Director, Risk, JPMORGAN CHASE

Carmina Hughes, Executive Director, DAYLIGHT FORENSIC & ADVISORY LLC


AML Regulations and Controls – An Outlook on the State of the Industry



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: Section 312 Compliance Issues for Correspondent Accounts

Table 2: Section 312 Compliance Issues for Private Banking Accounts

Table 3: AML Program Auditing Issues (Leader: Darren Donovan, KPMG)

Table 4: Global AML program integration issues (Leader: Julie Copeland, ISRAEL DISCOUNT BANK OF NEW YORK)

Table 5: AML issues in Latin America

Table 6: State of AML Compliance and Technology Usage in the Middle East and South Asia (Leader: Hanuman Tripathi, INFRASOFT TECHNOLOGIES LTD. )

Table 7: Australia and East Asia AML and CFT Issues

Table 8: Dealing With Corruption in Eastern Europe to Ensure Better AML procedures

Table 9: New and Nascent AML Issues: (Leader: SIDLEY AUSTIN)

Table 10. Effective communication between Compliance Officers and Enforcement Agencies (DAYLIGHT FORENSIC)


Implementing Best Practices for Handling Your Annual AML Program Audit

Comprehensive AML program audits are a fact of life for most financial institutions. Hear a panel discuss the rules auditors must focus on when conducting a review. The key differences in audit requirements for mutual funds, unregistered investment advisors, and other investments will be discussed, as well.


Darren Donovan, Principal, KPMG

Karen Buck Burgess, Sr. Advisor to the Director, OCIE, SECURITIES AND EXCHANGE COMMISSION

Alyson Beasley, VP, Compliance Audit Manager, COMMERCE BANK


The Challenges of Global Compliance Across Multinational Jurisdictions

Money laundering and terrorist financing activities are clearly not restricted to within US borders. As such, implementing and managing compliance programs across borders can be a daunting and confusing task. How can large multinational institutions ensure compliance with US regulations, including Section 311 of the USA Patriot Act, while ensuring you're not running afoul of regulations in other jurisdictions? Are there best practices for setting up and rolling out a multinational, company-wide AML program? How do you identify risky countries in a post-NCCT world? Are there any circumstances under which you can do business in a country on the OFAC watch list?

Julie Copeland, Sr. VP and General Counsel, ISRAEL DISCOUNT BANK OF NEW YORK


Jeff Horowitz, Director, Co-Head of Anti-Money Laundering Compliance, CITIGROUP CORPORATE AND INVESTMENT BANKING

Jeff Ross, Senior Advisor, Terrorist Financing and Financial Crimes, US DEPARTMENT OF THE TREASURY

Patrick Kidney, Director of Financial Crimes Prevention and Intelligence, LEHMAN BROTHERS

Stevenson Munro, Global Head of Economic Sanctions, UBS INVESTMENT BANK


Refreshment Break While Breakout Sessions are Set Up

Yellow Sessions Chair:

AML Compliance Issues in Latin America, the Caribbean, and Europe

Blue Sessions Chair:

AML Compliance in The Middle East,

Australia, and East Asia


Latin America and the Caribbean

Latin America and the Caribbean have long been havens for money laundering activity. While certain countries have implemented strong AML controls and procedures, other jurisdictions are just beginning. Hear experts from this region discuss the successes, challenges, and AML requirements of doing business in this important region.

Mark McKenzie, Independent Consultant, and Former Director -Policy Research & Statistics, BRITISH VIRGIN ISLANDS FINANCIAL SERVICES COMMISSION


Wendy Warren, CEO & Executive Director, BAHAMAS FINANCIAL SERVICES BOARD


The Middle East

Five years after the 9/11 terror attacks, the Middle East remains a point of focus for AML investigations. With the recent controversy over the Dubai ports sale, new attention is being paid to the amount of AML oversight and control in the region. Hear experts discuss the issues and strategies which are being put in place in the Middle East, as well as in Afghanistan. You'll also hear about the challenges of dealing with Hawala, the informal, trust-based paperless trading system.

Julie Copeland, Sr. VP and General Counsel, ISRAEL DISCOUNT BANK OF NEW YORK


Jeff Ross, Senior Advisor, Terrorist Financing and Financial Crimes, US DEPARTMENT OF THE TREASURY

Hanuman Tripathi, Managing Director, INFRASOFT TECHNOLOGIES LTD.


Europe and Australia

Europe faces many challenges in implementing AML policies, procedures, and controls. Although the Third European Union Directive on Money Laundering was adopted last September, many Eastern European nations will face challenges in implementing effective AML controls, given that corruption and capital flight remain among the region's top problems.

Meanwhile, Australia's Anti-Money Laundering and Counter-Terrorism Financing Bill 2005 proposes a number of improvements to Australia's anti-money laundering and counter-terrorism financing (AML/CTF) system, in line with international standards issued by the Financial Action Task Force on Money Laundering (FATF). You'll hear an overview of the regulations, as well as receive insight into what is being done by institutions to ensure compliance.

Saskia Rietbroek-Garces, Financial Crime Advisor, NETECONOMY

Stephen Sharpe, Senior Manager, Anti-Money Laundering, Security and Investigations Department, ST. GEORGE BANK LIMITED

Arnis Lagzdins, Member of the Board, Head of Compliance, PAREX BANKA (Latvia)

Special Bonus Session: Additional Money Laundering Case Studies Deconstructed

By popular demand, we've added an additional session on the most recent fraud cases. Hear the agents who worked on a recent high-profile case discuss how the case was cracked, and the strategies they used to bring the case to prosecutors.


Phillip Hull, Special Agent, INTERNAL REVENUE SERVICE



Conference Day 1 Ends --

Cocktail Reception sponsored by KPMG
KPMG logo