Summit on Terrorist Financing

Not much has been learned since 9/11 to solve the mysteries of terrorist financing. The 9/11 Commission concluded as much in its 2004 report after a thorough and respected investigation. An August 2004 “Terrorist Financing Monograph” of the Commission staff, co-authored by John Roth and Douglas Greenburg, offers the most revealing view yet of the finances of al Qaeda and exposes serious problems in government’s pursuit of terrorist funds. The monograph gives clues of what should be done but confirms the near impossibility of detecting terrorist financing operations. Beyond this, the key U.S. agency that has terrorist assets at the top of its agenda has a new leader and new direction. Here, John Roth and Doug Greenburg join Robert Werner, the new Director of OFAC, and other experts to show you where this perplexing issue is going, what you can expect from new government initiatives, what new terrorist financing methods have surfaced, and what safeguards you must build.

Speakers: Doug Greenburg, James Richards, John Roth, Bob Werner

Moderators: Charles Intriago, John Byrne

The USA Patriot Act - The Next Step: Confronting and Complying With the Rules

The U.S. Treasury Department’s Financial Crimes Enforcement Network has, in large measure, issued the regulations required by the USA Patriot Act although some rules still await issuance. As the Patriot Act intended, the effect of the new rules has been felt around the world wherever a business, financial institution or individual resides who maintains an account or does business in the United States. Beyond that global impact, the new rules, which are codified in the Bank Secrecy Act regulations, have introduced the money laundering subject to industries that were oblivious or paid it no heed to it before. Those businesses, such as insurance companies, credit card companies, investment advisors, jewelers and precious metals dealers, must now or soon maintain a complete anti-money laundering program. Where is all this going? What do the rules mean? What must you do, or know, to comply satisfactorily? Here, top experts, including some authors of the rules, answer those questions and more.

Speakers: Victoria Fimea, William Langford, Steve Shine, Richard Small

Moderators: Charles Intriago, Pamela Johnson

International Bodies - Growing In Influence and Impact On You

In the past few years there has been an evolution in the responsibilities, influence, focus and duties of the major international organizations in the money laundering and terrorist financing fields. The effect of their activity is felt in changes in the national laws, regulations and operations of countries that do not meet the evolving international AML and anti-terrorist financing standards. The International Monetary Fund, World Bank, European Union, United Nations, Organization of American States, Inter-American Development Bank, Interpol and others now place terrorist financing and money laundering high on their priorities. No nation, institution or professional can ignore the actions and directives of these bodies. Here, you will learn from top experts what these developments mean to you and your organization and how you can use what these bodies do to strengthen your AML controls.

Speakers: Muhammad Baasiri, Gianluca Esposito, Kristian Holge, Bruce Zagaris

Moderator: Saskia Rietbroek-Garces

Around the World Track: Latin America and the Caribbean

Deep centuries-old corruption in the public and private sectors of nearly every country is reflected in the region’s money laundering controls, which are among the most deficient in the world. Heads of state are this year’s corruption poster boys – Pinochet of Chile, Portillo of Guatemala, the trifecta of Rodriguez, Calderón and Figueres in Costa Rica, Aristíde of Haiti, Menem of Argentina, Alemán of Nicaragua, to name a few. What aggravates the problem is the warm welcome that financial institutions in the U.S., Europe and Asia give to corruption proceeds of these PEPs – and the inaction of U.S. and European authorities against the institutions and the PEPs. New laws have been enacted but are poorly enforced. Terrorist funds move through the region but little effective counteraction is underway. Here, experts explore these issues and problems, what some countries are doing and how it impacts you.

Speakers: Cheryl Bazard, Ramon Garcia Gibson, Kristian Holge

Moderator: Jorge Guerrero

Banker’s Track: Best Practices for a Good Customer Identification Program

The U.S. supervisory agencies that examine banks, thrifts and credit unions recently issued the new examination procedures they follow in evaluating compliance with the multi-pronged “Customer Identification Program” requirements that must be met under the USA Patriot Act regulations issued under Section 326. The new exam procedures are also a blueprint for sound customer identification and verification procedures for institutions and businesses in other countries even if they are not subject to the Section 326 rules. Complicating this issue is that the world’s fastest growing white collar crime, identity theft, serves to launder money because criminals and terrorists understand the advantages of using stolen names instead of fabricated ones in moving their money. Unless you’re sure of who you’re dealing with you can’t be sure of what’s behind a transaction. Here, four experts guide you in this crucial area of AML and terrorist financing controls.

Speakers: Lisa Arquette, John Byrne, Martin Owen, Dan Soto

Moderator: William Langford

Non-Bankers Track: Basic Training on Money Laundering and the U.S. Legal Requirements

Anyone who is new to the money laundering control field or who wants a better understanding of money laundering and the key U.S. laws and regulations in the field should attend this panel. This abbreviated version of Money Laundering Alert's acclaimed seminars that have trained thousands since 1990 to great acclaim will give you expert instruction on how money is laundered, what the U.S. laws and regulations require, how to analyze and administer risks, what penalties you face if you do or fail to do certain things, how your assets and those of your customers, especially the ones who reside in other countries, may be forfeited and the personal liability that your employees, officers and directors face. Three seasoned experts give you expert guidance in this foundation of your work and give you tips to build cost-effective compliance to safeguard yourself and your organization.

Speakers: Oscar Herasme, Juan Llanos, Michael McDonald

On the Job Track: Jim Richards Unplugged - His Last Reprise: Exploiting the Web and Excel for AML Duties

This engrossing and enriching panel brings James Richards to the stage for the last reprise of his highly popular presentation on uncovering the treasures of the Web - and Excel spreadsheets - to conduct your AML work, including due diligence and other sound practices. The innovative director of Bank of America's Financial Intelligence Unit will captivate you with a masterful presentation. Mr. Richards shows you how the Internet is a fabulous and inexpensive tool in money laundering controls. He teaches you in a crisp and clear way how to use pivot tables, how to navigate through bountiful but little-known recesses of the Internet, such as the “invisible web” and “historical web,” and explains a startling – and new – variety of powerful information sources available to everyone. This learning experience, you’ll agree, is worth the price of attending!

Speaker: Jim Richards

Moderator: Charles Intriago

Around the World Track: Canada

Canada’s money laundering laws and regulations have gone through a transformation. Rules now require a wide array of businesses to file suspicious transactions reports and meet other AML requirements. Canada’s young financial intelligence unit, the Financial Transactions and Reports Analysis Centre (FINTRAC), is now fully operational and developing procedures and operations that impact all financial institutions in the country. The Proceeds of Crime (Money Laundering) Act has produced several money laundering cases and has been changed to more directly deal with terrorist financing. The Royal Canadian Mounted Police has increased its money laundering focus and other agencies have followed suit. As a founding member of the FATF and home of some important multinational financial institutions, Canada’s actions have wide impact. Top domestic experts guide you on the important developments.

Speakers: Sandra Brown, Garry Clement, Ron King, Janet Di Francesco

Moderator: Jim Richards

Bankers Track: SARs: When To (and Not To) File Them and How to Identify Suspicious Patterns

The staple of almost every national AML regimen is suspicious activity reporting. It is a duty that is now more dangerous for financial institutions and individuals, especially in the U.S. and the UK, because regulators and prosecutors have begun to prosecute and penalize for not filing SARs. This has spawned the phenomenon of “defensive filing” of SARs, a practice where institutions decide that to avoid adverse government action it is better to file SARs even when there is no good justification for doing so. That upsets regulators who see the clogging of government databases with worthless information. And, there are complaints from some quarters that U.S. Justice Department prosecutors should not “hijack” a purely regulatory matter and use criminal sanctions for SARs filing abuses. Learn from these private and public sector experts what you should do and what the risks are.

Speakers: Al Gillum, Stephanie Lowy, Herbert Biern

Moderator: Susan Galli

Non-Bankers Track: Laundering Threats in Insurance, Securities and Credit/Debit Cards

To stop launders from abusing their products and services, non-bank financial institutions are now creating a full array of AML requirements under the USA Patriot Act regulations. AML programs, suspicious activity reporting, customer identification programs and AML training programs are becoming a staple of their operations. In many cases the non-bank institutions are trying to determine how they can be used to launder money or move terrorist funds. The new regulations and Patriot Act mandates apply to virtually every sphere of business in the U.S., including securities dealers, insurance companies, mutual funds, credit and debit card companies and even non-financial businesses like car and boat dealers, real estate brokers, jewelers and precious metals dealers. These new AML players face great risks for non-compliance. Here you will learn how dirty money moves through these channels and what a sound AML program should be.

Speakers: Victoria Fimea, Barry Koch, Steve Shine

Moderator: Brian Mannion

On the Job Track: Using AML Technology to the Fullest

Complex software systems help institutions and businesses understand - and attempt to divine - the past, present and future behavior of customers. But in the abundance of digital information much valuable data is, or may be, hidden. The proliferation of software “solutions” has now prompted government regulators, like the FDIC in the U.S., to issue guidance on standards and quality of AML software that institutions may buy in the marketplace. Learn how to deal with biometric customer identification, decision-making artificial intelligence software, filtering solutions such as for OFAC and other government terrorist lists and other innovative technologies that are now available to help financial institutions and businesses carry out a variety of AML duties. Here, top experts share their knowledge and guide you on how to select and implement technology-driven AML programs and how to make the most out of it.

Speakers: Lisa Arquette, Charles Collier, Oscar Herasme, Marie Kerr, Howard Steiner

Moderator: Jorge Guerrero

Around the World Track: Middle East – Informal Value Transfer Methods, Islamic Banking and Other Challenges

After 9/11, financial institutions in the Middle East have been under pressure because citizens of and institutions in Saudi Arabia, the United Arab Emirates and other jurisdictions had moved funds for terrorist deeds. Many institutions in the region, with affiliates in the U.S., UK and other countries, are attempting to bring their AML and anti-terrorist financing controls up to international standards. Criminalizing money laundering and creating financial intelligence units (FIUs) in many Middle Eastern nations are examples of how the region is responding to these responsibilities. The creation of a regional FATF for the Middle East and North Africa (MENAFATF) is another sign that these issues are taking hold. Here, three AML specialists in the region and a top World Bank AML expert will show how informal value transfer systems and Islamic banking work and what to expect in the Middle East.

Speakers: Muhamad Baasiri. Marc Hambach

Moderator: Saskia Rietbroek-Garces

Bankers Track: Ask the Government (Almost) Anything

It is not often that top government officials who spend their professional time enforcing the AML laws and examining you for compliance are gathered together to answer your questions. This is your perfect opportunity to hear directly from top policy-making regulators, bank examiners, prosecutors and others who draft and implement the rules and decide what you must do. In this panel you will be able to ask them (almost all) the questions that are weighing on you and arise in your daily work.

Speakers: Lisa Arquette, Les Joseph, Herbert Biern

Moderator: John Byrne

Non-Bankers Track: MSBs – AML Programs, Best Practices and Bank Accounts

Money transmitters and other money services businesses, in many respects, have proven to be innovators in the AML compliance field in the U.S. Nevertheless, some regulators paint them with a broad brush and categorize them as “high risk” even though many MSBs have AML programs that are as good or better than the banks that close their accounts in response to the regulatory warnings. Since they cannot operate without a bank account, MSBs must often show banks through expensive outside examinations that their AML compliance meets high standards. The nature of their business, including their agent force, often makes them a target of launderers and terrorist financiers. Thus, to be safe, MSBs must fully meet AML regulatory requirements, including AML programs, suspicious activity reporting, federal registration and training. Here, you will learn about those challenges from top experts and how MSBs may keep their bank accounts open.

Speakers: Jorge Guerrero, Oscar Herasme, Juan Llanos

Moderator: Al Gillum

On the Job Track: What You Must Do Step-by-Step When Your Organization is Investigated

Few things are as harrowing for a financial institution or business as when it learns through a subpoena, a news report, or street talk that it is under investigation for money laundering, supporting a terrorist organization or other crime or regulatory transgression. Handling this possibly cataclysmic development correctly at the start often dictates the final outcome. “Damage control” is the name of the game. Tact, finesse, expertise and maybe a little luck are important parts of the equation. As more institutions, like Riggs Bank, AmSouth and ABN Amro, appear in headlines or in courtrooms and government offices, it is essential that institutions and their advisors learn what to do when government is approaching. A good internal investigation and sound damage control steps may save grief for targeted institutions. Here, seasoned experts teach you what you must do when the government knocks on your door.

Speakers: Christopher Myers, David Caruso, Adriana Juric, Parker Thomson

Moderator: Charles Intriago

The Seven Deadly (AML) Sins and Lessons of Riggs, Amsouth and ABN Amro and Terrabank

New landmark money laundering cases involving well-known financial institutions are dominating the news. Congressional committees are probing whether regulatory agencies have fallen asleep on the job and if financial institutions have been paying lip service to AML controls while getting too close to their regulators and customers, especially PEPs, who bring in substantial “assets for management.” Regulatory agencies have reacted by stiffening examinations and imposing penalties. Federal prosecutors have begun to apply the criminal laws. These scandals provide constructive and far-reaching lessons on what financial institutions and businesses must do to avoid similar disasters. The lessons apply to many elements of an institution, including the human resources and security departments and members of the board of directors who are now facing lawsuits by angry stockholders for neglect of duty. You will learn the criteria government uses to punish institutions and lessons you should apply in your own organization.

Speakers: Les Joseph, Martha Boersch, David Caruso, Elise Bean, James Richards

Moderators: Charles Intriago, Stephanie Lowy

PEPs: How to Identify Them and Their Money and Keep the Bad Ones Out of Private Banking

Public corruption is at the heart of many of the world’s major international crime problems, including drug and arms trafficking and terrorism. It is responsible for much of the misery in impoverished countries like Nicaragua and Equatorial Guinea (EG). Since early 2001, even before the USA Patriot Act, the U.S. has placed foreign corruption proceeds high on the list of unwelcome money in banks and other institutions. But, that dirty money still seems to find its way easily into private banking accounts at blue-chip and other institutions. Corrupt Politically Exposed Persons, or PEPs, such as Obiang of EG, Villanueva of Mexico, Lazarenko of the Ukraine, Pinochet of Chile, Aleman of Nicaragua, are often embraced by institutions that knowingly take in their dirty money. U.S. institutions must now closely scrutinize foreign private banking customers, especially PEPs, their families and “close associates,” to determine if their money stems from corruption. The risks are growing for handling corruption proceeds. To avoid trouble, learn here what your duties are, what risks you face and how to avoid problems.

Speakers: Martha Boersch, David Caruso, Fred Curry, Ron King

Moderator: Charles Intriago

OFAC - New Leadership, New Direction

The U.S. Office of Foreign Assets Control is a major player in the money laundering field but remains a mystery to many institutions and individuals. After 9/11 OFAC’s visibility grew dramatically. OFAC, which can impose severe penalties, plays the pivotal role in administering and enforcing economic and other sanctions against certain U.S.-designated nations and designated individuals that are suspected of involvement in terrorist activities or drug trafficking. OFAC has received its share of criticism in recent years including from the 9/11 Commission, but it is now under new leadership which has resolved to change its procedures to better meet its mission and to make compliance with its tough regulations more widespread and easier. Here, you learn from regulators and private sector experts what a good OFAC compliance program should contain, how to deal with OFAC penalty actions, and what to expect under the new leadership.

Speakers: John Byrne, Bridget Neill, Dennis Wood

Moderators: Michael McDonald, Charles Intriago

Around the World Track: Europe - An Expanded European Union Faces the New 3rd EU Directive

The European Union has proposed a new Money Laundering Directive, its third since 1991 and second in two years. The Third EU Directive, which targets terrorist financing and regulates a several professions for AML compliance, comes at a time when EU expansion brings in 10 new Eastern European member nations. Most of them are decades behind in AML controls and have much corruption. The UK’s Financial Services Authority is now operating in full gear and imposing large penalties. Switzerland is asking its banks to implement monitoring technology to prevent money laundering. The 500 Euro note is proving to be a convenient currency for money launderers because larger sums can be carried with less bulk. No major institution can avoid contact with the EU. Knowledge of its AML regimen is vital. Top experts here will guide you on major EU changes, developments and hot topics.

Speakers: Stephanie Lowy, Martin Owen, Gianluca Esposito, Thomas Spies

Moderator: Saskia Rietbroek-Garces

Bankers Track: Working with Intermediaries: Know Your Customer’s Customer

It is not just your customer that you must “know.” You must also know the person, business, correspondent bank, introducing broker, beneficial owner or someone else who is behind your customer. The increased risks institutions and businesses face make it essential that they have sound “Know Your Customer’s Customer” policies and procedures in certain instances, or at least a procedure that determines if unknown customers are using the services that your institution renders, such as “nested” correspondent banks. Several countries require “gatekeepers” and “intermediaries” to identify their customers and to inform the authorities of suspected cases of money laundering and suspicious activity. Top experts here tell you what kind of due diligence you should undertake when these “business introducers” and others enter the picture and when it is safe to rely on KYC checks that others do.

Speakers: Cheryl Bazard, Susan Galli, Ramon Garcia Gibson, March Hambach

Moderator: Richard Small

Non-Bankers Track: Best Practices in Compliance for the Insurance Sector

Insurance company AML requirements, including the establishment of a four-pronged AML program and the filing of suspicious activity reports, present a unique situation for FinCEN, which issues Bank Secrecy Act regulations under the USA Patriot Act. Despite the regulations, the U.S. government has no insurance regulator. In the U.S., the multi-trillion-dollar insurance industry is regulated primarily by 54 state insurance department agencies, including Puerto Rico, Guam and the District of Columbia, and not a federal agency. The new AML regulations from FinCEN will be enforced by hundreds of state examiners who may not follow consistent standards and may not be properly trained. Insurance companies with affiliated broker-dealers, however, have already launched their AML and customer identification programs. What should insurance companies do under the new regulations, how will compliance be assured, and what are the best practices to follow? Learn the answers from experts on this panel.

Speakers: Kim Estrada, Victoria Fimea, Brian Mannion

Moderator: William Langford

On the Job Track: Know the Potential Enemy Within - Selecting, Training and Keeping Good Employees

A bad employee can get a financial institution or business into money laundering problems that are as bad or worse than a customer can. A "Know Your Employee" program is a sound step and should include the human resources and security departments. Improper employee screening, lack of conflict of interest disclosures and poor monitoring are some of the errors that can lead to “the enemy within.” KYE involves the entire institution, including the board of directors. Here, experts show you essential steps you must take before and after hiring and guide you on what you must do to minimize this risk that has haunted many institutions. They will also teach you the pros-and-cons of different training media and how to ensure that your training program reflects the latest developments in laws and laundering methods.

Speakers: Kristian Hoelge, Juan Llanos, Pamela Johnson

Moderator: Michael McDonald

Around the World Track: How Offshore Havens (Including Delaware) Serve to Launder Money

The concerns about offshore havens as laundering centers, the magnet they provide for tax evasion are not based on fiction. Some 40 or more offshore financial centers, such as Andorra, Mauritius, Nauru, Panama, have largely refused to join the world effort to establish effective AML controls. They ignore the odor of money. If they have laws or regulations they are often not enforced and corruption impedes transparency. They are home to tens of thousands of “shelf” corporations, often with bearer shares, that nominally own billions of dollars of dubious origin in bank accounts and real estate and no one can say how many of those billions are criminal proceeds. Even the U.S. State of Delaware has many of these characteristics. Here you will learn how offshore havens serve to launder money and examine real cases for lessons they provide.

Speakers: Cheryl Bazard, Martha Boersch, Martin Owen, Vito Guarino

Moderator: Michael McDonald

Bankers Track: Compliance vs. Privacy - Walking the Line Between Compliance and Loss of Clients

Every financial institution now faces this challenge at some point: How to scrutinize and interview your clients without losing them. To properly perform due diligence, and even to avoid being accused of “willful blindness,” you must monitor, request documents, and even prove the identity of customers you have known for years. AML technology, to say nothing of the Internet, now offers advances in scrutinizing your customer’s activities. Section 314(b) of the USA Patriot Act allows financial institutions in certain cases to share information informally about their customers with other institutions in suspected money laundering and terrorist situations. Financial privacy advocates say customers should decide whether information about their own accounts and activities may be passed on. Here, top experts guide you on how to request and share information and how to conduct due diligence with the least possible inconvenience and intrusiveness to your clients.

Speakers: Adriana Juric, Marie Kerr, Rick Small

Moderator: Dan Soto

Non-Bankers Track: Suspicious Activity Monitoring in Insurance, Securities and Credit/Debit Cards

The USA Patriot Act AML regulations, for the first time, bring credit/debit card companies, broker-dealers, life insurance and annuities companies, mutual funds, investment advisors and other non-bank financial institutions under the AML regulatory umbrella. Suspicious activity monitoring and reporting is the sine qua non of all effective AML programs for these industries and all others. Insurance companies, for example, face great risk from the hundreds of independent agents that generate business for them. Other industries have their own type of business generators and agents. The risk of not doing the job of suspicious activity detection well has increased as government agencies are now imposing major penalties for lapses in this area. Here, you will learn how to conduct effective monitoring for suspicious activity in different settings and how to ensure that your suspicious activity program reflects new developments in the laws and laundering methods.

Speakers: Sandra Brown, Fred Curry, Kim Estrada, Barry Koch

Moderator: Steve Shine

On the Job Track: Scoring Risks – How to Join the New Trend in AML Controls and Do It Well

The legal AML requirements of the U.S. and other countries require financial institutions and businesses to adopt a "risk-based" approach in implementing their anti-money laundering procedures, including customer identification and due diligence, for new and, often, for existing clients. Many supervisory government agencies now conduct “risk-based examinations.” Risk is the name of the game. A risk scoring assessment is a careful segmentation and examination of the products, customers and jurisdictions that pose risks to your business. From this, the client-acceptance and monitoring measures and precautions that are needed for adequate protection of the organization may be adopted and implemented. This popular trend in AML controls also helps an organization to intelligently assign its resources to meet and monitor risks based on their risk score. Here you will learn the risk scoring methodologies and practices used by institutions for diverse customers, countries, products and transactions.

Speakers: Jorge Guerrero, Thomas Spies, Howard Steiner

Moderator: James Richards

AML Compliance for Multinational Organizations - Coping with Conflicting Rules

Not all national AML requirements are the same. The inconsistency of national laws and regulations can cause major problems for multinational organizations and lead to unexpected government attention and sanctions. Multinational organizations not only have to cope with different laws and regulations but also different money laundering methods and customs in the countries where they operate. The Basel Committee on bank supervision, in Switzerland, recommends continuous monitoring of accounts and transactions in multiple jurisdictions through the use of centralized databases of account balances, activity and payments. Businesses that are part of a multinational group should consider tailoring their “consolidated” KYC programs to monitor and share information on customer identity and account activity across the group in multiple jurisdictions. Here, experts with much multinational experience explain how to perform these tasks well and how to coordinate AML programs in a multinational setting to comply with different, and sometimes conflicting, laws.

Speakers: Pamela Johnson, Barry Koch, Stephanie Lowy, Ron King

Moderator: Rick Small

The Long Arm of U.S. Money Laundering Laws - Case Studies on Their Global Reach

The U.S. criminal money laundering laws are broad, powerful and have “extraterritorial” reach. Although they pose a serious threat to institutions in the U.S., Europe, Latin America, the Caribbean, and other regions, they are not widely understood and often are not even a part of institutional training programs. Recent cases show how the "long-arm" of these laws has led to the money laundering conviction of persons who had not stepped foot in the U.S. The USA Patriot Act strengthened these laws and the asset forfeiture laws by adding predicate crimes committed outside the U.S., called "Specified Unlawful Activities," and allowing forfeiture of a foreign bank's U.S. “interbank account” for the funds of its overseas customers! Without leaving U.S. soil, U.S. agents may now obtain documents from any foreign entity holding a U.S. account. Here, experts show how these laws work and how they apply to you.

Speakers: Stef Cassella, John Roth, Thomas Spies

Moderator: Charles Intriago, Martha Boersch

Workshop 1:
Perfecting Investigative Skills: Sources of Information, Interviews, Proving the Crime

Here, you will receive instruction on how to perfect your investigative skills. Work on real cases and learn the techniques that law enforcement agents, intelligence agents and regulators and private sector investigators may use to perfect a money laundering or terrorist financing case. Learn how agents obtain financial records, conduct interviews, obtain information, seize money held in financial institutions in other countries and how privacy rights of financial institution customers are affected through the international exchange of their information.

Speakers: Garry Clement, Vito Guarino

Workshop 2:
How MSBs can Start, Develop and Maintain a Healthy Relationship With Banks

Money transmitters in the U.S. and elsewhere must meet AML requirements, including registration, licensing, AML programs and suspicious activity reporting. Because they are seen as “high risk” they often have difficulty getting bank accounts. MSBs are also frequent targets of investigations by the government. Here, experts will guide MSBs on how to open and retain bank accounts, how to approach the regulatory scrutiny their accounts receive and how regulators may receive insight on why MSBs are not always “the bad guys.” Regulators, bankers and MSBs should attend this workshop and discuss solutions to the current impasse.

Speakers: Michael Shepard, Jorge Guerrero, Michael McDonald

Workshop 3:
Case Studies - Dissecting and Learning From the Speed Joyeros, Bank of New York and Banco Popular Cases

The fallout from high profile money laundering cases, like Speed Joyeros, Bank of New York, Banco Popular and others provide to anti-money laundering professional valuable lessons on how to things and not do things. This workshop uses real life laundering cases that raise timely issues. You will learn how they came about and were prosecuted, how they could have been prevented, what criteria the government used in prosecuting these institutions and the options the institutions had when the government began to reach the indictment stage.

Speakers: Stefan Cassella, Christopher Myers

Web Seminar:
SARs: Tips From the Experts and What Filing and Not Filing could Mean to You

As part of moneylaundering.com’s and Money Laundering Alert’s First Friday Web Seminar Series, you will be able to participate in this Web-based seminar. Financial institutions of all types know that a sound suspicious activity detection and reporting system is a pillar of self-protection in the AML field. The risks have risen as more financial institutions become subject to SAR duties and as the government raises the penalties for improper filing. Experts guide you on what an effective SAR system should contain.

Speakers: Peter Djinis, Donald Temple

Moderator: John Voss