Money Laundering 2008 - (Page 33) panel, industry experts teach you how to improve the quality of your program, how to train your employees in the proper filing of SARs and how to assure quality in your SARs before they reach the regulators. Panelists: Michael De Luca, Barbara Keller, Maria Odegbaro, Don Temple Moderator: William Langford Mitigating the Risks of Money Laundering Through International Trade By Sound Risk Profiling and Monitoring The manipulation of international trade prices and other trade-based laundering activities enable the movement of criminal proceeds through international commerce. A 2006 study by the Financial Action Task Force identified trade as an increasingly important channel for criminal activity. The 2007 U.S. interagency examiners’ manual clarified regulatory expectations about trade finance products. The heightened attention the issue has received from governments and international bodies has added pressure on financial institutions to scrutinize trade financing and transactions. The involvement of multiple parties and often complex financing arrangements in trade transactions make this a costly, difficult task. Here, experts teach you how to profile trade transaction risks, how trade is used for money laundering and what to do to mitigate the risks. Panelists: Colleen Piccone, John Wagner, John Zdanowicz z Moderator: Barry Koch Successful Strategies for Managing Agents and Foreign oreign ness Paying Representatives of a Money Services Business Sting operations in New York and the pursuit by U.S. law enw forcement of casas de cambio in high-risk countries highlight ight the need for sound management practices of MSB agents, at point of sale locations and companies that pay remittance ce orders in the country of the beneficiary. Constructing and d maintaining sound and complete files for agents and correspondents or the foreign paying agents is an essential element of an MSB’s compliance program. What does this s mean? What should be included? What should money y remitters build into their AML program to provide a sound d foundation for agent and correspondent management? What at do banks expect? How far must you go to protect your MSB, SB, your banking relationships and your industry? Hear from indusndustry experts and learn how to comply with regulatory responsibilinsibilities in handling foreign agents and counterparties. Panelists: Jorge Guerrero, Tom Haider, Peter Ziverts Moderator: Jeff Sklar “ Conference was wellpresented and the format of the conference made it so that you heard the panelists “debate” and provide real world experiences. Jennifer Cavanna Citco Fund Services (USA) Inc. New York USA ” Using the (Free) Web to Improve Your Money Laundering Defenses and AML Due Diligence Back by popular demand, this engrossing and enriching panel led by Jim Richards unveils the millions of hidden treasures of the Web. Richards shows you how the Web can be your close ally in conducting AML due diligence and investigations, saving you substantial time and money in hiring outside investigators and experts. Learn how to navigate the bountiful but little-known and newly discovered recesses of the Web, such as the “invisible web” and the “historical web,” and discover powerful tools and resources available to everyone. Learn how to get better search results, where to find public records, how to do research on your customers and much more. Richards teaches you how the World Wide Web is an invaluable and inexpensive tool in money laundering controls. Panelist: Jim Richards Moderator: Dan Soto Conference Program 33
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