SIFMA's 2015 Anti-Money Laundering & Financial Crimes Conference brought together the leading experts from the industry, regulatory agencies and law enforcement to discuss new trends in financial crime; emerging issues relating to anti-money laundering, economic sanctions and anti-bribery/anti-corruption compliance; and changes in regulatory expectations and requirements. Now in its 15th year, this is the only conference in the AML space tailored to broker-dealers and other members of the securities industry.
SIFMA EVP and General Counsel Ira Hammerman stressed the industry's commitment to working with regulators and law enforcement during his opening remarks.
Andrew Ceresney, Director of Enforcement at the SEC, discussed three topics during his keynote remarks: 1) the importance of a culture of compliance, 2) the value of Suspicious Activity Reports (SARs), and 3) the SEC's commitment to enforcing BSA compliance.
The Customer Due Diligence panel discussed challenges for securities firms in the context of the recent FinCEN proposal.
Regulators highlighted their priorities for 2015 and their perspectives on challenges facing both the industry and the regulatory community in the current AML and financial crime environment.
John Smith, Acting Director of the Treasury's Office of Foreign Assets Control, highlighted the different sanction programs in effect from Cuba to Ukraine to North Korea.
During the Hot Topics panel, panelists covered relevant legal and regulatory developments, recent enforcement actions and industry's perspectives on AML and BSA challenges.
The enforcement panel provided an overview of issues relating to AML officer individual liability and other lessons learned from recent enforcement actions.
Industry members gathered during the general session of SIFMA's Anti-Money Laundering & Financial Crimes Conference.
- SIFMA Executive Vice President and General Counsel Ira D. Hammerman: Remarks as Prepared for SIFMA's Anti-Money Laundering and Financial Crimes Conference
- U.S. Securities and Exchange Commission Director of Enforcement Andrew Ceresney: Remarks at SIFMA's 2015 Anti-Money Laundering & Financial Crimes Conference
Presentations are locked for conference attendees only.
- Breakout 1a - Customer Onboarding and Diligence
- Breakout 1b - Global Anti-Corruption
- Breakout 2a - AML Monitoring
- Breakout 2b - Sanctions
- Breakout 3a - Consultants and Monitors
- Breakout 3b - Low-Priced Securities
- Panel 1 - Customer Due Diligence
- Panel 2 - Regulators
- Panel 3 - Hot Topics
- Panel 4 - Enforcement