ACAMS 6th Annual International Money Laundering Conference & Exhibition

MSBs: Smart Compliance by Risk Scoring Agents and Business Lines For years Money Services Businesses have been the target of regulatory agencies and law enforcement investigations. MSBs are perceived as having a disproportionately high level of risk due to the services they offer and their use of foreign correspondents in beneficiary countries. How do you convince a bank to look beyond years of unfair stereotyping of MBSs? Using different scenarios, learn how to risk rank your own MSB across business lines. Also discover how to risk rank your foreign correspondents. Compare your findings with a bank’s risk assessment of the same MSB. This workshop will help you identify weaknesses within your current AML program and fortify the foundation of your relationship with banking partners. a transaction monitoring system that meets regulatory requirements, protects your institution and won’t break the bank. Insurance: Identifying Red Flags to Strengthen Suspicious Activity Monitoring As the Treasury Department and the IRS enforce the Bank Secrecy Act legislation regarding the insurance industry’s accountability for monitoring suspicious activity, some insurers remain unsure how to properly carry out the mandate. By looking to other industries as a guide, this interactive session will list some potential money laundering and terrorist financing red flags for the insurance industry. Work through mock scenarios and hone your skills at being able to pinpoint the suspicious behaviors. Once the indicators have been identified, our experts will guide you on how to maintain proper documentation of the incidents. See how retaining good records is the key to helping law enforcement with their investigations and will simultaneously help keep regulators at bay. your new customers by effectively rating their risks. Through detailed analysis of example customers, see how integrating risk assessments into account opening procedures can assure proper levels of due diligence. Use these risk-based procedures to fortify your customer identification program and create robust know your customer and enhance due diligence measures that will impress regulators and upper management. Reach for the SARs - Law Enforcement Recommendations for Achieving SAR Perfection Suspicious activity reports are the foundation of a government’s defenses against money laundering and terrorist financing. When performed properly and with consistency, SARs can help stop launderers in their tracks. But a poorly drafted SAR is a burden to investigators and can catch the critical eye of examiners. In this workshop, hear from the law enforcement officials who see these reports everyday. Discover the right way to construct a SAR and the type of vital information that needs to be included in each report and its narrative section. You will dissect sample SARs to spot the weaknesses and become skilled at correcting the problems. See how improving the quality of your suspicious activity reporting will enhance its usefulness to law enforcement and will decrease the chances that regulators will find you at fault. past law enforcement. Their scams can be a new spin on an old trick or can exploit the latest advances in technology as a way to move their dirty money. Either way, as an AML professional, part of your responsibility is to stay current with new money laundering schemes to guarantee that you are doing everything possible to keep these criminals at bay. Here, take a hands-on look at recent case studies that involved new money laundering methods and techniques. Analyze these innovative ploys and by working together in groups, find new solutions to get the upper hand and help protect your institution against financial crime. Between a Rock and a Hard Place: Meeting Regulatory Demands of U.S. Correspondent Banks International organizations that have US correspondent accounts must comply with the far-reaching USA Patriot Act, as well as their own regulations. This often puts global institutions in a precarious position, such as when it comes to protecting the privacy of their customers’ data, which could explode into a negative regulatory action. How are foreign institutions handling the enhanced due diligence requirements that this law mandates to their U.S. correspondents? This workshop will examine real life scenarios that show how non-U.S. institutions manage the demands from U.S. correspondents. By examining these case studies, learn the appropriate steps you need to take when prioritizing the requests of your correspondent. Gain insight on how to make the right decisions that use business logic and keep you in compliance with regulatory requirements. Community Banks: Applying the Latest Transaction Monitoring Techniques on a Small Budget The Achilles’ heel of most community banks is the lack of funds and resources they are allotted for AML controls. Although they are expected to comply in the same manner as other larger, better funded institutions, a small budget poses significant challenges. Especially considering many money launderers are turning to smaller lower profile institutions to hide their illicit funds. When it comes to monitoring suspicious activity, there are many options, but how do you know which one is right for your community bank’s special needs? This workshop will help you choose whether an automated or manual solution is best for your institution. Once you have chosen the right solution, learn how to set up and maintain Starting Off on the Right Foot with Risk Assessments for New Customers For years now, governmental bodies from around the globe have reinforced the importance of a risk-based approach when creating an effective AML and customer identification program. Financial institutions are now expected to risk rank their products, jurisdictions, and customers. For those organizations catering to high risk customers, not implementing a comprehensive and consistent risk assessment system can lead to disaster. In this session, gain the know-how and learn the proper steps to correctly evaluate Scams and Schemes: Matching Wits with Innovative Criminals Say what you will about money launderers, but one thing is for sure: they never stop trying to find new ways to tip toe around money laundering controls and squeak 12 Workshops 3. Email info@ACAMS.org 5 Ways to Register: 1. Online www.ACAMS.org/Conferences/Annual07 2. Telephone +1.866.459.CAMS (2267) or +1.305.373.0020 http://www.ACAMS.org/Conferences/Annual07

Table of Contents Feed for the Digital Edition of ACAMS 6th Annual International Money Laundering Conference & Exhibition

About Us Speaker Bios General Sessions Conference Overview Workshops Seminars Roundtables Sponsors & Exhibitors Frequently Asked Questions Registration

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