ACAMS’ International Money Laundering Conference
The Association of Certified Anti-Money Laundering Specialists (ACAMS) is gearing up for the 6th Annual International Money Laundering Conference, September 24-26th in Las Vegas, NV.
According to an announcement yesterday from ACAMS, the conference will open with a “rare, inside look at a regulatory exam” with a walk-though by
Lisa Arquette (FDIC), John H. Atkinson (Federal Reserve Bank), and Kimberly Hebb (OCC).
Our own intrepid director of financial services, Glenn Hopkins will also be attending the conference. If you’d like to learn a bit more about identity resolution, send Glenn an email to set up an appointment.
If you haven’t already registered, there’s still time.
If you’re attending, here’s a sampling of the 29 sessions available:
To Bank or Not to Bank: Are PEPs Worth the Risk? – Tuesday, September 25, 10:45AM – 12:00PM
[Seminar] “Today’s AML officer is no stranger to the problem of politically exposed persons. These individuals usually hold senior 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.”
Between a Rock and a Hard Place: Meeting Regulatory Demands of U.S. Correspondent Banks – Monday, September 24, 1:30PM – 2:45PM
[Workshop] “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 them in a precarious position, including when it comes protecting the privacy of their customers’ data, that 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 dissecting 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 combine business logic and keep you in compliance with regulatory requirements.”
Scams and Schemes: Matching Wits with Innovative Criminals – Tuesday, September 25, 1:30PM – 2:45PM
[Workshop] “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 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. In this workshop, take a hands-on look at recent case studies that involved new money laundering methods and techniques. Dissect 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.”
For more, click here.
