| Noon - 6:00 PM |
Registration and Exhibitor Set-Up |
| 7:30 AM - 6:00 PM |
Registration. Conference Tote Bags Courtesy of Bank of America |
| 7:30 AM - 8:15 AM |
Continental Breakfast in Exhibition Hall
courtesy of GlobalVision Systems |
| 8:15 AM - 8:30 AM |
Welcome and Opening Remarks by Charles Intriago, publisher of Money Laundering Alert |
| 8:30 AM - 9:45 AM |
The USA Patriot Act and Anti-Money Laundering Regulations – What They Require and How to Comply |
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Many new Bank Secrecy Act regulations, issued under the USA Patriot Act by the U.S. Treasury Department, revolutionize the anti-money laundering (AML) field and extend the reach of U.S. prosecutors, investigators and regulators to anyone who does business in or with the U.S. They give U.S. investigators great powers to seize criminal and terrorist-tainted funds. No financial institution or business in the world is untouched by them. At great risk to themselves, U.S. institutions, in effect, are now guardians of the lawful conduct of their international customers. Here, experts who draft, enforce and use the rules show you what they mean, how to comply and what risks you face and much more! |
| Panelists: Les Joseph, William Langford,
Jr., Rick Small |
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Moderators: Charles Intriago and John Byrne |
| 9:45 AM - 10:15 AM |
Refreshment Break in Exhibition Hall
courtesy of BRINTECH |
| 10:15 AM - 11:30 AM |
The New World Order – World Bank and IMF Enter the AML Battle and FATF’s New 40 Recommendations |
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The international money laundering control field has two new major players, the World Bank and the International Monetary Fund. Their entrance, coupled with the new 40 Money Laundering Recommendations of the Financial Action Task Force, is a major step toward global changes and progress in the field. Other bodies such as the United Nations, Organization of American States, Inter-American Development Bank and Interpol have placed terrorist financing and money laundering high on their priorities. No nation or institution can ignore their actions. Here, you will learn the latest on what these developments mean from top experts. |
| Panelists: Ted Greenberg, Moyara Ruehsen,
Jean-Francois Thony |
| Moderators: Connie Fenchel and Saskia Rietbroek |
| 11:30 AM - 12:30 PM |
Jim Richards Unplugged – How to Exploit the Internet for AML Duties |
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In one of the most engrossing and enriching panels at our 2003 conference, Jim Richards, the innovative co-founder and director of Fleet/Boston’s Financial Intelligence Unit, captivated the audience with a masterful presentation on how you can use the Internet and other common office software as powerful and inexpensive tools to perform much of your AML and due diligence work. He returns this year to show you new Internet tools and give you his crisp and clear explanation of a startling array of great information sources you can use in your daily work in the private sector or a government agency. This priceless opportunity to learn unique and rewarding skills, such as searching the “invisible web,” is worth the price of admission! |
| Moderator: Charles Intriago |
| 12:30 PM - 2:00 PM |
Luncheon Courtesy of Greenberg Traurig LLP |
| 2:00 PM - 3:15 PM |
Four Concurrent Break-Out Panels |
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Panel 1: Around the World Track: Latin America and the Caribbean |
| This region’s money laundering controls stand out as among the most deficient in the world, exacerbated by pervasive corruption. Now, the United States has commenced an unprecedented effort to pursue the laundering of corruption proceeds within its borders. New laws in various countries have been enacted but are poorly enforced. To aggravate things, in addition to a lot of traditional laundering, terrorist funds move through financial institutions and businesses in the region. Here, experts explain the hot issues in the region, what is happening in key countries and what other countries are doing to change the way things are done. |
| Panelists: Alcides Avila, Cheryl Kast, Nancy Saur, Jean-Francois Thony |
| Moderator: Charles Intriago |
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Panel 2: Bankers Track: Good Customer Identification Programs and Best Practices on Verification |
| The new U.S. customer identification verification regulations were among the most controversial spawned by the Patriot Act. Unless you are sure of whom you are dealing with, you can’t be sure of what is behind a transaction. Now a multi-pronged “Customer Identification Program” is required and bankers are anxious to find cost-effective ways to maintain them. Four experts will explain what this crucial part of AML defenses should contain. |
| Panelists: John Byrne, Susan Galli, Izzidin Hussein Razem, Daniel Soto |
| Moderator: Rick Small |
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Panel 3: Non-Bankers Track: Money Laundering Threats in Real Estate, Securities, Non-Financial Businesses and Other Non-Banks |
| The USA Patriot Act extended the AML regulations to virtually every sphere of business in the United States, including mutual funds, insurance companies, broker-dealers, credit card companies and even non-financial businesses like car and boat dealers, travel agencies and precious metals dealers. As new members of this field, these businesses take on great risks for non-compliance. This expert group teaches you the laundering challenges these businesses face, and what the new rules require. |
| Panelists: Stephanie Lawrence, Barry Koch,
Stephen Shine, Steven Smith |
| Moderators: Peter Djinis, William Langford |
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Panel 4: All-Purpose Track: Basic Training on Money Laundering and U.S. Requirements |
| Anyone who is new to the AML field or who needs to understand how the U.S. money laundering control system works should attend this session. This compact version of Money Laundering Alert’s acclaimed seminars that have trained thousands since 1990 will teach you how money laundering works, what institutions, businesses and methods launderers use, how to analyze risk, what the U.S. laws and regulations cover, penalties, assets forfeiture and the personal liability of employees, officers and directors. |
| Lecturers: Connie Fenchel, Jeffrey King, Michael McDonald |
| 3:15 PM - 4:00 PM |
Refreshment Break in Exhibition Hall Courtesy of PriceWaterhouseCoopers LLP |
| 4:00 PM - 5:00 PM |
Four Concurrent Break-Out Panels |
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Panel 1: Around the World Track - Europe and the Middle East |
| The Second European Union Money Laundering Directive, now being felt in the continent, breaks ground in several areas. The Euro has become a currency of choice of many launderers. The UK’s Financial Services Authority is now operating in full gear. France has been victimized by several money laundering scandals. Switzerland is a leader in repatriating corruption proceeds. No major financial institution can avoid contact with the EU, making an understanding of the continent’s AML regimen vital. The Middle East has many similar problems and its financial systems are suspected of moving funds destined for terrorism. Here, experts dissect the hot issues in these regions. |
| Panelists: John Fahy, Izzidin Hussein
Razem, Moyara Ruehsen |
| Moderators: Ted Greenberg, Saskia Rietbroek |
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Panel 2: Bankers Track: Suspicious Activity – The Challenge of Detection and Dangers of Not Reporting |
| The staple of almost every national anti-money laundering regimen, suspicious activity reporting, has become a lot more dangerous for banks, especially in the U.S. As several banks can attest, they are being prosecuted and penalized for not filing SARs. The UK also has imposed sanctions for the same thing. A sound suspicious activity detection and reporting system is a pillar of self-protection. Here, bankers, a former regulator and a U.S. prosecutor guide you on the necessary controls and what the risks are. |
| Panelists: Mireya D’Angelo, Connie Fenchel, Les Joseph, Rick Small |
| Moderator: Susan Galli |
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Panel 3: Non-Bankers Track: AML Training for MSBs, Insurance Companies, Mutual Funds, Investment Advisors, Credit Card Companies and Broker-Dealers |
| The USA Patriot Act regulations, for the first time, bring MSBs, insurance companies, mutual funds, investment advisors, and many other non-bank financial institutions under AML program requirements. Training is the sine qua non of all effective AML programs. Online training programs, pamphlets and memos, videotapes, intranet systems, and live lectures are all appropriate training vehicles. In this session you will learn who you should train, how, and what you should do to ensure that your training program reflects new developments in the laws and laundering methods. |
| Panelists: Joseph Cachey, Stephanie Lawrence,
Barry Koch, Stephen Shine |
| Moderators: Greg Baldwin, Jorge Guerrero |
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Panel 4: All-Purpose Track: Securing Evidence and Sources of Information: New Powers Under the Patriot Act |
| U.S. investigators, regulators and intelligence agencies received breathtaking new sources of information and investigative tools from the USA Patriot Act and the subsequent regulations. These new weapons make U.S. agents the best equipped in the world to fight money laundering and terrorist financing. The new regulations allow agents to obtain financial records without grand jury subpoenas and to seize money from a foreign bank’s U.S. account if the targeted foreign person has funds deposited in the bank overseas. Here, you learn how these and other powerful tools have been put to use. |
| Panelists: Stef Cassella, Marcy Forman,
Donald Semesky |
| Moderators: Michael McDonald, Donald Temple |
| 5:00 PM - 5:10 PM |
Time to Move to General Session |
| 5:10 PM - 6:15 PM |
How to Make the Most of Your Investment in AML Technology |
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Behavior detection technology, decision-making and artificial intelligence software, filtering solutions and other innovative technology is now available to assist financial institutions and other businesses in carrying out their AML duties. You must be sure you understand how the software is working in your environment because the regulators will ask you to prove it. It's all about how you deploy it. Some complex systems help entities understand the past, present and future behavior of the customers. Here, top experts share their knowledge and guidance on how to maximize the investment in technology-driven AML programs and “solutions,” how to keep your AML software process cost-effective and more. |
| Panelists: Jenifer Dahir, Greg Henderson, Karen Van Ness, Ivan Zasarsky |
| Moderators: Howard Steiner, Saskia Rietbroek |
| 6:15 PM - 7:45 PM |
Cocktail Reception in Exhibition Hall Courtesy of FACTIVA |
| 7:00 AM - 6:00 PM |
Registration. Conference Tote Bags Courtesy of Bank of America |
| 7:15 AM - 8:15 AM |
Continental Breakfast in Exhibition Hall
courtesy of Celequest Corporation |
| 8:15 AM - 9:45 AM |
Money Laundering and Terrorist Financing Methods |
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Internet banking, transfer pricing schemes, black market currency exchange and Hawala are some methods criminals use to distance themselves from their money. Since September 11, much has been learned about terrorist financing. Wittingly or unwittingly, charitable organizations have proved to be vehicles for raising and laundering funds. Here, front line experts explain the latest international laundering and terrorist financing methods and how different types of institutions serve money launderers. |
| Panelists: Marcy Forman, Les Joseph, Barry
Sabin, Michael Morehart, Donald Semesky |
| Moderators: Charles Intriago |
| 9:45 AM - 11:00 AM |
Know Your “X” (Customer, Correspondent Bank and Employee) |
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It is not just your customer you must “know.” You must also know your correspondent bank, your employee and, now, because of the special emphasis the U.S. and some international organizations have placed, your “Politically Exposed Persons,” or PEPs. The increased risks institutions and businesses face make it essential they have sound “Know Your X” policies and procedures. The legal risks are no less weighty than the reputational risks that are present. An improperly screened employee can cause as many problems as a bad customer. Public disclosure of accounts in your institution of a corrupt “senior foreign political leader” can be very harmful. Know Your “X” involves the entire institution, including the board of directors. Here, experts show you how to detect the key danger zones. |
| Panelists: Mireya D’Angelo, Nancy Saur,
Dan Soto |
| Moderators: Saskia Rietbroek, Rick Small |
| 11:00 AM - 11:45 AM |
Refreshment Break in Exhibition Hall
courtesy of Norkom Technologies |
| 11:45 AM - 12:45 PM |
Four Concurrent Break-Out Panels |
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Panel 1: Around the World Track- Canada |
| Canada, a founding member of the Financial Action Task Force in 1989, was once at risk of being named one of the “Non-Cooperative Countries and Territories” by the FATF because it was slow to establish a financial intelligence unit and enact stringent laundering laws. Canada’s latest regulations bring it more in line with FATF standards, increasing the risks for institutions that do business there. Rules require a wide array of businesses to file suspicious transactions reports. The legal profession, for now, has been exempted from these duties. Canada’s new Financial Transactions and Reports Analysis Centre (FINTRAC) is operational as an integral part of the nation’s AML efforts. Here, top experts guide you on the latest in Canada. |
| Panelists: Garry Clement, Jennifer Fiddian-Green,
Tom Hansen |
| Moderator: Jim Richards |
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Panel 2: Bankers Track: Special Danger Zones: Correspondent Banking, Shell Banks, Nesting, Payable-Through Accounts |
| As the supervisory agencies implement “risk focused” AML examination procedures, banks must identify accounts that pose a high risk of money laundering and implement controls that manage that risk. Examples are correspondent accounts, payable-through accounts, and others. “Know Your Correspondent Bank” is now a duty because of the heavy risks under new laws and regulations. Dealing with shell banks that have no physical presence in any jurisdiction is prohibited in the U.S. Payable-through accounts that serve foreign banks are fraught with money laundering risks. Here, experts give you invaluable guidance on all this. |
| Panelists: Mireya D’Angelo, Susan Galli |
| Moderator: Dan Soto |
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Panel 3: Non-Bankers Track: Sound AML Programs for MSBs & Laundering Risks and Myths They Face |
| Money Services Businesses in the U.S. and elsewhere must meet many AML requirements, including AML programs, suspicious activity reporting, and registration. Their challenge in guarding against money laundering lies in reaching all the layers in their operation, including agents and the foreign institutions that pay their remittances. They must also fight outdated myths. Even though they are highly regulated, banks see MSBs as “high risk” and often close their accounts. MSBs are frequent targets of money laundering investigations by government agencies. Here, you will learn the key elements of a sound AML program for MSBs, how to build an effective suspicious activity detection and reporting program and how to manage an investigation. |
| Panelists: Joseph Cachey, Jorge Guerrero, Jeffrey Sklar |
| Moderator: Michael McDonald |
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Panel 4: All-Purpose Track: Politically Exposed Persons and Private Banking: Who They Are and What to Do with Their Money? |
| Foreign corruption cases are constantly in the headlines, like those of Lazarenko of the Ukraine, Salinas of Mexico, Aleman and Jerez of Nicaragua, Portillo of Guatemala, Abacha of Nigeria, Bhutto of Pakistan and many others. It is time for a PEP talk! If you handle the corruption proceeds of PEPs, their families or “close associates” you face great legal and reputational risks under the USA Patriot Act and the powerful new seizure and forfeiture weapons of the government which can seize dirty money or property and prosecute persons and businesses that handle it knowingly or through “willful blindness.” To avoid trouble and to do your job well you must know what those duties are and what risks you now face. Here, top experts teach you what you must know. |
| Panelists: Marcy Forman, Stef Cassella,
Michael Diaz, James McDonald |
| Moderator: Charles Intriago |
| 12:45 PM - 2:15 PM |
Luncheon courtesy of KMZ Rosenman |
| 2:15 PM - 3:15 PM |
Four Concurrent Break-Out Panels |
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Panel 1: Around the World Track: Lessons Learned from Real Life Cases |
| The fallout from high profile money laundering cases, like Operation Casablanca, Banco Popular, and others, have changed the way many institutions do business. This captivating panel uses real life laundering cases involving timely issues, to show you how they are investigated and prosecuted and how you should respond to and confront bad publicity. The experts explain investigative techniques, legal maneuvers, effective prosecutions and undercover “stings.” You will learn the criteria used by government to accuse institutions, and other lessons from money laundering cases that left their mark around the world. |
| Panelists: Joseph Cachey, Michael Diaz,
Donald Semesky, MaryJo Tyler |
| Moderator: Charles Intriago |
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Panel 2: Bankers Track: Anti-Money Laundering Training for Banks: A Crucial Element of an Essential Requirement |
| It is hard to downplay the importance of training and education of a bank’s staff on AML issues, challenges and duties. The AML laws and regulations of virtually every country require financial institutions to train their employees. Who should be trained, how often, on what topics, where to train, what training media, such as e-learning, live seminars, videotapes, are most effective are some of the training issues facing institutions. Here, experts help answer those and other questions and tell you what regulators look for in AML training programs. |
| Panelists: Pamela Johnson, Rafael Mejia,
Lauren Pickett |
| Moderators: John Byrne, Saskia Rietbroek |
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Panel 3: Non-Bankers Track: Essential AML Controls for Broker-Dealers, Insurers, Mutual Funds and Other Non-Bank Institutions |
| The USA Patriot Act and the regulations it triggered have brought mutual funds, securities dealers, insurance companies, futures commission merchants, commodity pool operators and others under the AML regulatory umbrella. They face new duties as they enter the AML fold. Apart from the new regulations, they face the biggest danger - the money laundering law, which their training programs usually ignore. Here, top experts guide you on dealing with these new challenges and what the regulators look for. |
| Panelists: Brian L. Mannion, Barry Koch,
Stephen Shine |
| Moderator: William Langford |
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Panel 4: All-Purpose Track: OFAC - Stealth Bomber of the U.S. Regulatory Arsenal |
| Since September 11, the U.S. Office of Foreign Assets Control has become a major player in the money laundering field. The laws and regulations it administers and the lists of “designated” persons it enforces raise formidable compliance challenges for all businesses. Recently, OFAC started publicizing names of institutions and individuals who are penalized for violating the sanctions program it administers. Many household names have paid substantial penalties. Despite its global impact and severe penalties, OFAC remains a mystery to many. Here, you learn what a good OFAC compliance program contains, what OFAC does, how to deal with OFAC penalty actions and more. |
| Panelists: Laurie Bender, Nelson Everhardt, Ronald Oleynik, Edward Rubinoff |
| Moderator: Michael McDonald |
| 3:15 PM - 5:15 PM |
Expo Extravaganza Refreshment Break in Exhibition Hall |
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Panelists Will Be Available for Questions & Answers |
| Last chance to meet the experts in the world's biggest AML vendor showcase, speakers available for face-to-face discussions, great prizes awarded by the sponsors, exhibitors and Money Laundering Alert! |
| 5:30 PM - 7:00 PM |
Beachside Cocktail Reception courtesy
of Moneylaundering.com Premium |
| 8:00 AM - 12:30 PM |
Registration Open |
| 8:00 AM - 9:00 AM |
Continental Breakfast in Foyer courtesy
of Bankers Online |
| 9:00 AM - 10:30 AM |
Building, Maintaining and Auditing an Effective AML Program |
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Most regulations require a four-pronged AML program, including independent testing to assure proper functioning of the program. To be successful, the program must involve the entire institution, from human resources to the security officer and the board of directors. A good AML program, which now includes a Customer Identification Program, may prevent severe government sanctions. However, having an AML program in place does not make you immune from prosecution for violation of the U.S. criminal money laundering laws. Here, you learn what a good AML program should have and how it can protect your organization. |
| Panelists: Laurie Bender, Susan Galli,
Brian L. Mannion, Stephen Shine |
| Moderators: John Byrne and Rick Small |
| 10:30 AM - 10:45 AM |
Refreshment Break in Foyer |
| 10:45 AM - 12:15 PM |
The U.S. Money Laundering and Forfeiture Laws - New Cases on Their Global Reach |
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The money laundering laws of the United States, their broad provisions and “extraterritorial” reach, are the most powerful in the world and yet not widely understood. They pose a serious risk to financial institutions around the world. Recent cases show how their “long-arm” reach puts everyone at risk. The USA Patriot Act strengthened them by adding “Specified Unlawful Activities” and permitting forfeiture of a foreign bank’s U.S. account for funds its customers have on deposit overseas. The U.S. may now obtain documents from a foreign entity that maintains a U.S. account. Here, top experts show how they use these weapons globally. |
| Panelists: Greg Baldwin, Stef Cassella,
Les Joseph, Nelson J. Chen |
| Moderators: Charles Intriago |
| 12:15 PM - 12:30 PM |
Closing Remarks by Charles Intriago |
