ACAMS 6th Annual International Money Laundering Conference & Exhibition

The Long Arm of the U.S. Managing Contradicting Regulatory Expectations Anti-money laundering legislation from the United States isn’t always in harmony with regulations being implemented in other parts of the world. This can cause headaches and sleepless nights for compliance officers working across multiple jurisdictions, not to mention problems that arise when trying to comply with privacy laws while meeting AML requirements. This session will focus on four main regions -- Asia, Europe, Latin America and the Caribbean -- and the impact that US money laundering regulations have played in them. Panelists will explore how the extraterritorial reach of US laws, such as the USA Patriot Act and Office of Foreign Assets Control sanctions, affect operations in their respective regions. Learn how compliance specialists cope when there are contradictions in the laws, and what this means during examination time. of your bank properly so you avoid paying for a solution with all the bells and whistles but that you just don’t need. Learn what solutions will enhance your bank’s compliance program and satisfy regulators but still keep you within your budget. Electrify Your AML Program by Harnessing the Proactive Power of Your Own FIU The principal function of a government Financial Intelligence Unit (FIU) is to act as a nationally centralized agency that receives, analyzes and distributes information to financial institutions. This exchange of information is critical in assisting money laundering and terrorist financing investigations worldwide. Could employing this powerful resource provide the impetus to take your AML program to the next level? By incorporating the principles of a national FIU, you can recharge your own financial institution’s abilities to identify and handle risks. In this seminar, discover how to implement your own FIU structure from the ground up. See how an internal FIU can turn your department into an AML powerhouse that organizes and interprets large quantities of data to detect problems before they explode out of control. the high risk reputation because of concerns over lax AML controls. In this informative session, learn how the IRS examines MSBs and gain useful insight on how to ensure a favorable outcome. Review the new IRS examination guidelines to create a positive platform for an IRS examination. Also understand how the required independent review of your program can be a tool to ease regulators and foster a stronger banking relationship. Risky Business: Serving Other Financial Institutions Without Jeopardizing Your Own Many of those grouped within the Non-Bank Financial Institutions (NBFIs) classification -- casinos, insurance companies, and Money Services Businesses (MSBs) -- continue to struggle under the “too high-risk to bank” label. Because of the perceived high-risk of their products or services, banks continue to turn them away. But not having these lucrative accounts as clients could have a huge impact on your bottom line. Which of these institutions are truly too risky? Even within just MSBs, FinCEN has released guidance saying that not all of these companies pose the same hazards. How do you weigh the money laundering risks and still make sound business decisions? This session will provide best practices on mitigating the dangers associated with casinos, insurance, MSBs and other NBFIs, so that you can protect your institution without sacrificing profit. positions that can fall into a range of categories – political figures, high-ranking military officials, senior executives of state-owned companies. PEPs also extend to the family members and close business associates of these individuals. With so many classifications, distinguishing a PEP can be an arduous process. Not all PEPs are corrupt, but banking a dangerous one can be a disaster for your institution and open you up to many liabilities. Using an analysis of case studies, experts will guide you through the steps to determine if your institution has a PEP and the decision making process that occurs afterwards. Learn how taking the proper enhanced due diligence measures can mitigate the risks and help protect your institution without negatively impacting your organization’s proceeds. Insurance: Transform Agents Into Compliance Allies with Effective Training In May 2006, the life insurance industry officially came under the AML umbrella and is now required to comply with Bank Secrecy Act regulations. Insurers are expected to report suspicious activity and maintain a four point AML program, including assuring proper training for their agents. As anyone within the insurance industry will tell you, agents can be a huge liability. In this session, learn fundamental best practices for training independent agents as well as home office staff. When armed with the right tools, discover how training your agents can transform them from a risk into an asset, helping ensure that your insurance company fulfills regulatory requirements and is a model for top shelf AML compliance. Community Banks: Utilizing Advances in KYC Technology Life for an AML officer working in a community bank has its challenges – many of them stemming from the fact that smaller banks don’t have the abundance of resources and support that large financial institutions boast. However, when it’s examination time, regulators usually have little sympathy. So how do you produce a robust compliance program and balance fiscal concerns? This session will assess the latest technologies and techniques when implementing know your customer duties, including meeting customer identification program requirements, in a community bank. Find out how to evaluate the needs MSBs: The Bottom Line on IRS Examinations and How to Make the Grade As the money services businesses’ principal regulator, the IRS has responsibility for examining the AML programs of MSBs. Among these companies, however, there is much uncertainty about the expectations of an IRS Bank Secrecy Act compliance examination. MSBs continue to struggle with To Bank or Not to Bank: Are PEPs Worth the Risk? Today’s AML officer is no stranger to the problem of politically exposed persons. These individuals usually hold senior Seminars 4. Fax +1.305.373.7788 or +1.305.373.5229 5. Mail ACAMS, Brickell Bayview Center, 80 Southwest 8th Street, Suite 2350, Miami, FL 33130, USA 13

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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