Pre-Conference Trainingfiles.acams.org/pdfs/2019/ACAMS-Hollywood-Conference-2020-Prog… · Pre-Conference Workshop A and B Check-in (Separate registration required.) WORKSHOP A:

CAMS Examination Preparation Seminar Check-in (Separate registration required.)

CAMS Examination Preparation Seminar

CGSS Examination Preparation Seminar Check-in (Separate registration required.)

CGSS Examination Preparation Seminar

Pre-Conference Workshop A and B Check-in (Separate registration required.)

WORKSHOP A: The Perfect Storm: Cryptocurrencies, the Dark Web and Fentanyl

WORKSHOP B: Pathway of the SARs: Tracking Trajectories of Suspicious Activity Reports from Alerts to

Prosecution

Registration Desk Open

ACAMS First Time Attendee Orientation

8:00 AM – 9:00 AM

9:00 AM – 4:30 PM

8:00 AM – 9:00 AM

9:00 AM – 5:00 PM

8:00 AM – 9:00 AM

9:00 AM – 12:00 PM

1:00 PM – 4:00 PM

1:00 PM – 6:30 PM

5:00 PM - 5:30 PM

Pre-Conference TrainingSUNDAY, APR IL 19 , 2020

1 *Program subject to change.

April 20-22, 2020Hollywood, Florida

CONFERENCE PROGRAM

25th Annual International AML& Financial Crime Conference


Exhibit Hall Open

Networking Continental Breakfast in Exhibit Hall

Welcome Remarks

Keynote Presentation and Q&A

PANEL DISCUSSION

Regulatory Roundtable: Overview on Oversight from Top Regulatory Voices

• Scrutinizing recent developments in US and global compliance including new rules and advisories

affecting AFC operating models and regulatory expectations

• Identifying evolving regulatory exam trends to understand implications for allocating compliance

resources and additions to IT systems and/or human capital

• Defining and refining best practices for addressing areas such as risk-based management for new

products or resolution of cross-sovereign regulatory conflicts

Networking and Refreshment Break in Exhibit Hall

PANEL DISCUSSION

Hot Topics: You Ask, We Answer

Perennially one of most popular sessions, we can assure you Hot Topics answers the questions you

care about most — because those questions come from you. Approximately two weeks before heading

to Hollywood, ACAMS will solicit questions from attendees. The day of the session, our panel of experts

take the stage to provide the answers to your inquiries — as well as take follow-up questions from the

audience, making this a lively, thought-provoking and interactive format. Whether your interests are

cybercrime or SARs, data systems or digital currencies, Hot Topics is where your AFC questions get

answered — literally.

Networking Luncheon

AML Knowledge Luncheon courtesy of 4iQ

AML Knowledge Luncheon courtesy of K2 Intelligence

Networking Groups

7:30 AM – 5:45 PM

7:30 AM – 6:45 PM

7:30 AM – 8:30 AM

8:30 AM – 8:40 AM

8:40 AM – 9:10 AM

9:10 AM – 10:35 AM

10:35 AM – 11:05 AM

11:05 AM – 12:15 PM

12:15 PM – 1:30 PM

12:15 PM – 1:30 PM

12:15 PM – 1:30 PM

1:30 PM – 2:00 PM

Main Conference Day OneMONDAY, APR IL 20 , 2020

2

CONFERENCE PROGRAM

*Program subject to change.

Networking Groups

CONCURRENT SESSIONS

REGULATORY UPDATES

Getting Granular on Regulatory Sandboxes

• Reviewing public/private sandbox initiatives to identify benefits such as controlled testing of FinTech

innovations in an environment of limited regulatory risks

• Analyzing sandbox process to detail required strictures such as developing test parameters,

consumer safeguards and metrics-based measuring of success or failure

• Assessing limitations of sandboxes such as unknown impacts of beta-testing vs. large-scale

adoption and co-opting of innovation for financial crime uses

FINANCIAL CRIME TRENDS

The Scammer Without a Face: Combating Synthetic Identity Fraud

• Examining how stolen personal identifying information such as children’s Social Security numbers

support digital creation of non-existent “real” persons

• Reviewing cases to review how synthetic identities generate credit histories and defraud financial

institutions through bogus loans and credit “bust out” schemes

• Employing innovations such as AI/machine learning to detect and investigate synthetic identity red

flags such as aberrant credit history gaps and charge-off patterns

RISK MANAGEMENT

Super Models: Building Better Risk Models for the New Era of AFC

• Auditing legacy risk models and inputs to identify methods to elevate accuracy and efficiency such

as complementing rules-based oversight with AI and data analytics

• Updating oversight models to address unique challenges of evolving AFC risks such as FinTech

innovations or typologies such as transnational cybercrime rings

• Utilizing non-traditional tools such as behavioral modeling and social media monitoring to augment

“assumed risk” models and strengthen assessment quality

DATA MANAGEMENT

A Quality Product: Enhancing Data Quality to Strengthen AFC

• Creating quality control models to ensure data is properly sourced, contains required elements for

assigned function and is monitored for consistency of results

• Strengthening data quality with centralized data stewardship to standardize governance, curtail

duplicative data harnessing and coordinate training policies

• Conducting quality assurance testing to analyze data integrity and take corrective actions such as

increased automation of data processing as needed while safeguarding data

AML KNOWLEDGE

AML KNOWLEDGE

2:15 PM – 2:45 PM

1:30 PM – 2:30 PM





Networking Groups

Networking Groups

CONCURRENT SESSIONS

REGULATORY UPDATES

Which Bud’s For You? A Deep-Dive Into Evolving Marijuana Laws

• Charting current legal landscape of marijuana and related enterprises to ensure AFC models reflect

and resolve conflicting domestic and cross-sovereign regulations

• Optimizing AI-assisted monitoring, data-driven KYC/CDD reviews and updated staff training to keep

marijuana-related risk management robust and efficient

• Assessing institutional risk appetite and tolerance standards to formalize and standardize policies

for retaining or exiting MRB accounts


Fighting Financial Exploitation of Seniors and Other Vulnerable Populations

• Building client awareness of ploys such as fake IRS calls and caregiver fraud to reduce risks of

clients falling victim to exploitation schemes targeting the elderly

• Reviewing law enforcement raids under 2017’s Elder Abuse Prevention and Prosecution Act to detail

how transnational crime rings perpetrate senior exploitation

• Following FinCEN and CFPB guidance on spotting and investigating elder fraud red flags such as

early CD withdrawals and unusual additions of authorized signers

RISK MANAGEMENT

Don’t Miss the Chance to Enhance Your Enhanced Due Diligence

• Assessing if EDD is warranted based on factors such as PEP connections, cash-intensive business

operations or inability to verify beneficial ownership information

• Determining appropriate EDD tools such as site visits, auditing client AML controls or commissioning

private intelligence to develop holistic entity risk profile

• Comparing EDD results and institutional risk tolerance to drive onboarding/retention decisions and

apply apt controls such as increased account review frequency

DATA MANAGEMENT

What the Hack: Lessons from the Equifax, Capital One and Facebook Data Breaches

• Reviewing government report on how lax server protection allowed hackers 76 days of undetected

access to Equifax networks and theft of data on 148 million clients

• Analyzing Capital One breach to outline threats posed by inadequate firewalls and risks of rogue

employees of data services providers such as cloud storage firms

• Examining Facebook case to outline how software flaws permitted hackers to break into social

media accounts and access personal data on up to 50 million users

2:30 PM – 3:00 PM

3:00 PM – 3:30 PM

3:35 PM – 4:05 PM

3:00 PM – 4:00 PM

4

CONFERENCE PROGRAM


AML KNOWLEDGE

AML KNOWLEDGE


NETWORKING GROUPS

Networking for AML Caribbean Professionals

CONCURRENT SESSIONS

REGULATORY UPDATES

Tales from the Cryptos: How Virtual Currencies and Exchanges Impact AFC

• Detailing regulatory fragmentation surrounding digital currencies to ensure AFC oversight meets all

applicable regulatory expectations and requirements

• Crafting policies such as auditing AFC controls of VC exchanges to mitigate risks such as illicit

proceeds conversion, ICO fraud and sanctions evasion schemes

• Reviewing recent developments such as JPM Coin and Libra to assess risk management needs as

cryptocurrencies gain wider acceptance and use


Public-Private Collaboration: Doubling Down on Fighting Financial Crime

• Exploring available tools for fostering collaborative initiatives such as SARs, 314(a) and (b) to

leverage investigative resources and facilitate information sharing

• Establishing parameters for governing collaborations to ensure data sharing and investigations are

compliant with privacy protection laws such as GDPR and CCPA

• Reviewing public-private AFC initiatives such as Singapore’s ACIP and UK’s JMLIT to gain insights on

structuring collaborative efforts for optimal outcomes

RISK MANAGEMENT

Bad Company? Balancing Reputational Risks and Business Side Priorities

• Assessing reputational risk profile based on factors such as geographic footprint, product lines and

client profiles to integrate reputational risk management and broader institutional risk governance

• Utilizing internal controls such as EDD, triggering events and beneficial ownership verification to

mitigate potential impacts of residual reputational risks

• Incorporating reputational risk protection into crisis response plans to contain harms caused by

negative publicity and/or unforeseen events such as data breaches and enforcement actions

3:00 PM – 4:00 PM

4:00 PM – 4:30 PM

4:30 PM – 5:00 PM

4:30 PM – 5:30 PM




DATA MANAGEMENT

Compliance Culture Conflicts? Data Privacy Laws and Risk Management

• Contrasting data collection and retention restrictions of privacy laws such as GDPR with regulatory

requirements in areas such as KYC/CDD to reconcile differences

• Analyzing GDPR’s transparency and “lawful basis” data processing demands to harmonize privacy

protection and AFC issues such as managing high-risk clients

• Monitoring vendors and third-party service providers for adherence to applicable privacy protection

principles to ensure compliance with legal standards

TECH TRENDS

Strategies for Optimal Vendor Selection and Management

• Analyzing institutional risk management priorities and current AFC controls to determine areas most

conducive to vendor partnering in terms of costs/benefits

• Assembling internal stakeholders to vet potential vendors based on expertise in compliance

services, business side needs and ability to integrate with legacy systems

• Conducting post-integration review based on metrics such as efficiency gains and performance

quality to detect and correct systemic problems as warranted

AML KNOWLEDGE

Networking Reception in Exhibit Hall5:45 PM – 6:45 PM

6

CONFERENCE PROGRAM



Exhibit Hall Open


ACAMS Enterprise Breakfast (By invitation only)

Opening Remarks

PANEL DISCUSSION

The BSA at 50 and Beyond: What It Changed, and What It Will

Special Presentation and Q&A


PANEL DISCUSSION

Domestic Terrorism: Adjusting AFC to Combat Homegrown Threats

• Reviewing research of FBI and other groups to identify indicators of terroristic risks such as stalking,

domestic violence and terminations due to workplace conflicts

• Utilizing mass shooter case studies to detail financial indicators of potential planned attacks such as

credit card usage spikes and aberrant munitions purchases

• Conducting exercises on strategies such as social media monitoring and EDD to detect extremism

indicators such as hate group affiliations and file SARs as warranted

Networking Luncheon

AML Innovations

AML Innovations

7:30 AM – 5:30 PM

7:30 AM – 5:30 PM

7:30 AM – 8:30 AM

7:30 AM – 8:30 AM

8:30 AM – 8:45 AM

8:45 AM – 9:55 AM

9:55 AM – 10:45 AM

10:45 AM – 11:15 AM

11:15 AM – 12:15 PM

12:15 PM – 1:30 PM

1:30 PM – 2:00 PM

2:10 PM – 2:40 PM

Main Conference Day TwoTUESDAY, APR IL 21 , 2020




CONCURRENT SESSIONS

GLOBAL TRENDS

Think Globally, Act Locally: Fighting Trade-Based Money Laundering

• Utilizing risk-based assessments to flag potential TBML activity such as invoice manipulation,

phantom shipping and unclear nature of transactions or end user identity

• Crafting unique trade CDD models to detail risks such as entity business model, principal

counter-parties and establish triggering events for EDD or updated reviews

• Leveraging rules-based monitoring with tools such as Natural Language Processing to reconcile

TBML issues such as discordant trade data reporting platforms


Time to Reboot: New Approaches to Battling Ransomware Attacks

• Analyzing ransomware attacks such as Baltimore/Atlanta to identify contributors such as outdated

software, weak IT oversight and lax data backup/recovery systems

• Coordinating with cybersecurity teams to perform ransomware risk assessment, including internal

and external threats, and correct and test areas of vulnerability

• Creating post-attack plans to notify stakeholders and law enforcement, guide contact with hackers

and file cyber-SAR tailored to regulatory advisories/requirements

SANCTIONS

Sanctions Update: Lessons Learned from Recent Enforcement Actions

• Analyzing implications of the $75,000 OFAC fine against a US software firm, the first such

enforcement action relating to Russian sectoral sanctions

• Examining enforcement against trade insurer for apparent violations of Kingpin Act to highlight

sanctions risks such as assignment of debt by an SDN

• Detailing $2.3 billion in fines against Standard Chartered and UniCredit for sanctions violations such

as failure to block banned transactions with Iran

TECH TRENDS

Building Better Algorithms for Stronger AFC Controls

• Examining what algorithms are and how they function to detail potential uses for enhancing AFC

controls in areas such as sanctions screening or transaction monitoring

• Conducting institutional and business line threat assessments to craft algorithms tailored for

specific risks such as coordinated fraud rings or ties to PEPs

• Testing to assess quality of predictive models’ performance and identify and remediate issues such

as algorithmic bias or concept drift

AML KNOWLEDGE

AML KNOWLEDGE

1:30 PM – 2:30 PM

8

CONFERENCE PROGRAM



CONCURRENT SESSIONS

GLOBAL TRENDS

Making Correspondent Banking Work

• Conducting a respondent bank self-assessment of AFC efficacy to demonstrate adherence to risk

appetite standards of correspondent services providers

• Analyzing initiatives by correspondent banks to utilize staff training and strengthen CDD/KYC to

overcome relationship barriers and limit wholesale de-risking

• Formalizing respondent/correspondent communication protocols to pro-actively identify and resolve

issues such as shifts in business risk or changes in regulations

AML OPERATIONS

Mastering the Art of Ethical Office Politics for Stronger AFC

• Conducting “empathy exercises” to understand incentives of senior management and business line

leadership and identify opportunities to achieve consensus on role of AFC across enterprise

• Identifying and engaging informal power infrastructure such as thought leaders and influencers to

achieve buy-in on AFC priorities among rank-and-file employees

• Practicing conflict resolution skills such as dispassionate analysis of contrasting views to ensure

ethical decision-making, optimize cohesion and preserve vitality of personal networks going forward

SANCTIONS

Framing the Issue: Analyzing OFAC’s Framework for Compliance Commitments

• Analyzing OFAC’s 2019’s framework to identify regulatory expectations in developing, implementing

and regularly updating a sanctions compliance program

• Detailing specifics of framework to develop compliance strategies for areas such as

sanctions-centered risk assessments, internal controls, testing/auditing and training

• Reviewing OFAC’s list of common sanctions oversight issues such as deficient screening,

inconsistent adherence to standards and misinterpreting OFAC rules

TECH TRENDS

The Reality About the Hype on Artificial Intelligence in AFC

• Outlining how AI works to identify applications to efficiently perform AFC functions such as

transaction monitoring, sanctions screening and KYC/CDD

• Detailing the importance of data quality in areas such as client segmentation and updating systems

to reflect changes in regulations or criminal typologies

• Cultivating AFC staff expertise to interpret AI outputs and mitigate risks linked to its limitations in

areas such as analyzing human motivations and unfamiliar situations

AML KNOWLEDGE

AML KNOWLEDGE

2:30 PM – 3:00 PM

3:00 PM – 4:00 PM





AML Innovations

CONCURRENT SESSIONS

GLOBAL TRENDS

A Farewell to Arms? Taking Up the Fight Against Proliferation Financing

• Utilizing risk-based models to manage proliferation financing issues such as legal/illegal sales of

dual-use goods that can be used in weapons of mass destruction

• Strengthening KYC to identify potential proliferation patterns such as involvement with rogue

procurement agents and vessel-to-vessel goods transfers

• Reviewing typologies of proliferation financing such as trade in jurisdictions of proliferation concern

and shipments involving atypical geographic trade patterns

SARS

The Light of SARs: Managing Supporting Document Requests from Law Enforcement

• Retaining and securing supporting documentation at time of SAR filing to mitigate delays in

responding to law enforcement requests

• Scrutinizing request to determine specifics of requested information comprehensive and complete in

accordance with FinCEN guidance

• Communicating with investigators post-request to identify avoidable oversights with future SAR

filings and foster best practices for handling document requests in future

SANCTIONS

Venezuela Spotlight: Sanctions Chaos Amid a Raucous Caracas

• Reviewing current Venezuelan sanctions to update oversight of banned entities, stolen proceeds of

state enterprises and money laundering via intermediary countries

• Highlighting Venezuela-specific red flags such as federal contracts directed to personal accounts or

transactions involving apparent distortions of exchange rates

• Analyzing case of the global shell firm network used by Maduro stepsons and others to launder

proceeds looted from government programs such as food subsidies

TECH TRENDS

Systems Check: Planning and Executing an Independent IT Audit

• Creating a risk-based audit approach to review efficacy of IT systems, associated non-automated

processes and the interfaces connecting them

• Ensuring auditors have full knowledge of risks relating to AFC functions such as oversight across

business lines, regulatory compliance and cybersecurity/hacking

• Reviewing audit findings to assess factors such as data quality and conformance to internal controls

to take corrective actions as indicated by review

4:00 PM – 4:30 PM

4:30 PM – 5:00 PM

4:30 PM – 5:30 PM

10

CONFERENCE PROGRAM


BREAKING NEWS

In The Headlines

AML KNOWLEDGE

Networking Reception at Portico at Diplomat Landing5:45 PM – 6:45 PM





Exhibit Hall Open


ACAMS Risk Assessment Breakfast (By invitation only)

Opening Remarks

Special Presentation and Q&A

PANEL DISCUSSION

Case Study: Jeffrey Epstein and the Scourge of Sex Trafficking of Minors

• Detailing how Epstein evaded tough accountability through high-profile charitable giving, influential

friends and services of powerful and experienced attorneys

• Outlining how sex traffickers exploit minors such as providing housing to runaways, offering feigned

affection and demanding repayment of purported debts

• Studying specifics of case against Epstein by New York prosecutors after previous non-prosecution

agreement was voided following Miami Herald investigation


PANEL DISCUSSION

FinTech 2020: How Financial Innovation Trends Will Impact AFC

• Charting growth of “innovation” sector to build systems for managing unique FinTech risks such as

adequacy of AFC controls by third-party payment processors

• Exploring cybercrime risks of products such as digital wallets and mobile payments to ensure

transactions are secured and mitigate risks such as fraud

• Keeping current on FinTech trends such as blockchain-based fraud deterrence to assess human

capital needs and create strategic talent acquisition and initiatives

Closing Remarks

7:30 AM – 11:50 AM

7:30 AM – 10:50 AM

7:30 AM – 8:30 AM

7:30 AM – 8:30 AM

8:30 AM – 8:35 AM

8:35 AM – 9:20 AM

9:20 AM – 10:20 AM

10:20 AM – 10:50 AM

10:50 AM – 12:00 PM

12:00 PM – 12:05 PM

Main Conference Day ThreeWEDNESDAY, APR IL 22 , 2020

12

CONFERENCE PROGRAM


Documents

Pre-Conference Trainingfiles.acams.org/pdfs/2019/ACAMS-Hollywood-Conference-2020-Prog… · Pre-Conference Workshop A and B Check-in (Separate registration required.) WORKSHOP A: