Anti-Money Laundering and Financial Crimes Conference


Anti-Money Laundering and Financial Crimes Conference


February 26-27, 2013
New York, New York City  

Anti-Money Laundering and Financial Crimes Conference 

Program

Full Program - February 27th | Half Day Workshop - February 26th  

Full Program - February 27th 

7:30-8:15am

Registration and Continental Breakfast

Hosted by Safe Banking Systems 

8:15-8:30am

Welcome Remarks

    

Kenneth E. Bentsen, Jr.  

Acting President & CEO 
SIFMA 

8:30-9:00am

 

INTRODUCTION OF KEYNOTE SPEAKER  

KEYNOTE ADDRESS

Jennifer Shasky Calvery
Director 

Financial Crimes Enforcement Network (FinCEN) 

9:00-10:15am

Panel 1: Recent AML Enforcement Actions

Panelists from the U.S. Department of Justice – Criminal Division, the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (FINRA) and the securities industry analyze key themes and lessons learned from recent AML enforcement actions.

 Moderator: 

 

Tim O'Neal Lorah
Managing Director & Global Head, AML
Morgan Stanley & Co.  

 

 
Panelists:

Sarah Green
Senior Director, AML Compliance
Financial Industry Regulatory Authority (FINRA) 

 

 

 

Eric Kringel
Division of Enforcement
U.S. Securities and Exchange Commission 

 

 

  

Jaikumar Ramaswamy
Chief, Asset Forfeiture & Money Laundering Section
U.S. Department of Justice - Criminal Division 

 

 

  

Jeffrey Weiss
Managing Director, AML Compliance
Knight Capital Group 

10:15-10:45am

Morning Refreshment Break

 

10:45-12:15 pm

Panel 2: 2013 AML "Hot Topics" - The Industry's Perspective

Hear from industry experts on: "FUTURE REALITY OR MYTH?"  - Increase in the Globalization of AML standards;  "LEVEL PLAYING FIELD" - What does this really mean? Level for whom? Beneficial for everyone or just to a few? What are the effects, or lack thereof, if not done right? Does this mean the erosion of the risk based concept?; "ALL IN THE NET" – Clear expansion from money laundering  to drugs, fraud, tax evasion; and " A VERY TIGHT ROPE"  – Examination Risk : The different interpretations, applications, standards, "risk intelligence," and the potential  consequences for a Financial Institution.

 

Moderator: 

Renata Santos
Executive Director
Head of AML - Institutional Securities Americas
Morgan Stanley & Co.  

 

Panelists: 

 

Elizabeth Paige Baumann
Vice President
Anti-Money Laundering Officer
Fidelity Investments 

 

 

 

Michelle Neufeld
Managing Director and AML Risk Management Executive
Global AML and Economic Sanctions
Bank of America 

 

 

 

Arlene Semaya
Senior Vice President
Compliance Managing Director
JPMorgan Chase & Co. 

 

12:15-1:30pm

CONFERENCE LUNCHEON: 

INTRODUCTION OF LUNCHEON KEYNOTE SPEAKER  

LUNCHEON KEYNOTE ADDRESS

Adam Szubin
Director
Office of Foreign Asset Control (OFAC)
 
 

 

 

Luncheon

Hosted by KPMG LLP 

1:45-3:15pm

Panel 3: AML in 2013: A Dialogue With the Regulators

 

Moderator: 

 

Jeff Horowitz
Managing Director
Chief AML Officer
Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation  

 

Panelists: 

 

 Jamal El-Hindi
Associate Director, Regulatory Policy and Programs Division
Financial Crimes Enforcement Network (FinCEN) 

 

 

 

 

Lourdes Gonzalez
Assistant Chief Counsel, Sales Practices
Division of Trading and Markets
U.S. Securities and Exchange Commission 

 

 

 

Suzanne McGovern
Assistant Director
Office of Compliance Inspections and Examinations
U.S. Securities and Exchange Commission 

 

 

 

Mike Rufino
Senior Vice President
Deputy of Member Regulation
Financial Industry Regulatory Authority(FINRA) 

3:15-3:45pm

Afternoon Refreshment Break

 

3:45-5:15pm

Panel 4: Significant Sanctions Enforcement Actions and Other Financial Crime Developments

This panel will discuss significant enforcement actions involving violations of OFAC and the FCPA, and the lessons learned from those actions for the industry.

 

Moderator: 

 

Betty Santangelo
Partner
Schulte Roth & Zabel LLP 

 

 

 

 

Panelists:  

Christina Dugger
Chief Assistant U.S. Attorney
U.S. Attorney's Office, Eastern District of New York

 

 

 

Polly Greenberg
Bureau Chief, Major Economic Crimes Bureau
New York County District Attorney's Office 

 

 

 

 

Lorraine Lawlor
Vice President, Financial Crimes Risk Management
Wells Fargo 

 

 

 

  

Molly McLane
Executive Director & Global Head of Sanctions
Morgan Stanley & Co. 

5:15pm

Conference Adjourns

 

 

SIFMA AML and Financial Crimes Conference Half-Day Workshops - February 26  

Tracks: A and B 

 

The SIFMA AML and Financial Crimes Conference Half-Day Pre-Conference Workshops are designed for BSA compliance officers, auditors, analysts and investigators, risk managers, AML consultants, individuals who are new to AML compliance, as well as experienced AML officers, directors and AML Program auditors who are looking to enhance their knowledge in order to advance within their institutions and better execute their daily responsibilities. Track A is designed for those persons who are looking for a basic course or a refresher course on the basic AML requirements. Track B addresses some of the more complex issues in the AML space.  

1:00 - 2:15 pm

TRACK A: TAKING A "FRESH LOOK" AT AML COMPLIANCE

TRACK A Facilitator: Jeffrey Weiss, Knight Capital Group 

 

WORKSHOP 1 – AML Program: The Four Pillars and Beyond 

This workshop will address Section 352 of the USA Patriot Act and the requirements of an AML Program. In particular, the workshop will discuss the four core components of an AML program: (1) the development of internal policies, procedures & controls; (2) designation of a compliance officer; (3) an ongoing employee training program; and (4) an independent audit function to test program.  The workshop will delve into, for example, the delivery of targeted training and the use of enforcement actions to update policies and procedures.
 

Moderator: 

 

Tara Loftus 

Executive Director, Global AML Compliance 

UBS 

 

 

 

 

Panelists:

April Sinicrope
Vice President, AML
LPL Financial Services 

 

 

 
Lynn Young
Director & AML Officer
Anti-Money Laundering Compliance
Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation 



 

Meg Zucker
Vice President
Global AML Officer
PIMCO 

2:30 – 3:45pm

WORKSHOP 2 – How to Build Your AML/Sanctions Risk Assessment and Related CDD and EDD Processes

Moderator:

Valerie-Leila Jaber

Managing Director
Global Financial Crime Compliance GFCC Head, Wholesale
JPMorgan Chase & Co.  

 

Panelists: 


Christopher Cuzzucoli
Vice President, AML/OFAC Officer
Charles Schwab & Co., Inc.
Charles Schwab Bank
 

 

Sterling Daines
Managing Director
Global Head of AML
Goldman, Sachs & Co.  
 

 

 

Milena Reyes
Vice President, Senior AML Risk Manager
Bank of America Merrill Lynch 

3:45 – 4:00pm

Refreshment Break

 

4:00 – 5:15 pm

WORKSHOP 3 – Suspicious Activity Primer: Monitoring and Follow-up, Inquiries, Investigations and SAR Reporting

This workshop will take a fresh look at the Suspicious Activity Report (SAR) filing process from monitoring activity and responding to internal and external inquiries as well as referrals of suspicious situations through the investigation process. Explore what actions to take after filing a SAR:  developing metrics and trending, distributing risk information across your organization, and looking at the transition from the legacy SAR form to the new, check-box based form. Conclude with a discussion of current concerns including elder financial exploitation and managing cross-border AML functions.

 Moderator:  

 

Linda Busby
AML Officer
Raymond James Financial, Inc.  

 

 

 


Panelists:

Sandy DePoalo

Managing Director
Head of AML Monitoring& International AML Compliance
Bank of New York Mellon 

 

 

John Panagopoulos
Director, Global Head of Investigations & Surveillance
Barclays Capital
 

 

 

 

Michael Wassell
Head of Transaction Surveillance & Investigations
Goldman, Sachs & Co. 

 

 

 

Alan Williamson
Director of Anti-Money Laundering Retail Compliance
Wells Fargo Brokerage 

1:00 - 2:15 pm

TRACK B: THE FUTURE OF AML: CONFRONTING COMPLIANCE HEAD-ON

Facilitator: Elizabeth Paige Baumann,Fidelity Investments

 

WORKSHOP 1 –Increased AML Scope and Liability While Surviving Examinations  

 

This workshop will focus on regulatory examinations. The panel will discuss current areas of emphasis in AML examinations from FINRA and bank regulators. The panel also will describe how AML issues are no longer limited solely to AML exams - regulators now include AML issues in exams for Operations, Fraud, Sales Practices, IT and other disciplines. 

Moderator:

John Davidson
Global Head of Anti-Money Laundering
E*Trade Financial 

 


 

 

Panelists:

Jim Fiebelkorn

Director, Anti-Money Laundering Compliance
Pershing LLC, a subsidiary of The Bank of New York mellon Corporation 
 

 

 

Timothy Friedman
Chief AML Complaince Officer
Assistant Director of Compliance
Scottrade, Inc.
 

 

 
Court Golumbic

Managing Director
Global Head, Compliance Surveillance Strategy Group
Goldman, Sachs & Co.  

 

 
Katie Kessler
Director & Associate General Counsel
Citigroup, Inc.  

2:30 - 3:45pm

WORKSHOP 2 –Traveling the World of Sanctioned Countries & Other High Risk Jurisdictions

Moderator:  

 

Lynne Johnston
Director of U.S. Capital Markets, AML
RBC Capital Markets 

 

 

 


Panelists: 
Alison Morpurgo

Executive Director
Head, Cross-Border Legal & Compliance

UBS Financial Services 



 


Steve Shine
Senior Vice President & Associate General Counsel
Prudential Equity Group, LLC
 


 

Speaker (F)Katherine M. Sikora
Managing Director
Chair, Broker-Dealer AML Oversight Committee

The Bank of New York-Mellon
 

3:45 - 4:00pm

Refreshment Break

 

4:00 - 5:15 pm

WORKSHOP 3 – To SAR or Not to SAR: That is The Question

This workshop will discuss the challenges of determining when activity is suspicious from both a public policy and practical sense. In addition we will explore a case currently before the Supreme Court looking at the issue of whether a financial institution has unqualified immunity in filing SARs. 
 


Moderator: 

Michelle Neufeld
Managing Director & Chief Financial Crimes Compliance Executive
Global AML & Economic Sanctions
Bank of America Merrill Lynch 

 

Panelists:

Lisa Belle
Head of AML, Markets& International Banking 

Royal Bank of Scotland 

 

 

 

 

Julie Copeland
Managing Director
Head of AML & Sanctions for the Americas

Societe Generale 

 

 

 

Mike McNally
Vice President
Fidelity Investments 

 


 


Lourdes Paredes
Director
Head of Americas AML/AML Risk & Controls
Credit Suisse