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    • Building the 5th Pillar of an Effective Anti-Money Laundering Compliance Program
      Building the 5th Pillar of an Effective Anti-Money Laundering Compliance Program Alma Angotti, Daniel L. Stipano, John Davidson, Valerie-Leila Jaber, Myrna Olvera Recorded: Aug 10 2017 5:00 pm UTC 63 mins
    • In May, 2016 the Financial Crimes Enforcement Network (FinCEN) issued final rules under the Bank Secrecy Act to clarify and strengthen customer due diligence requirements for: Banks; brokers or dealers in securities; mutual funds; and futures commission merchants and introducing brokers in commodities. The rules contain explicit customer due diligence requirements and include a new requirement to identify and verify the identity of beneficial owners of legal entity customers.

      Join a distinguished panel of industry professionals to discuss what the rule requires and what it means to your firm. More importantly, the event will include a practical discussion of what firms should be considering and doing in advance of the rule’s May 2018 final applicability date. Topics to be covered include:

      · How do financial institutions (“FIs”) intend to identify and verify Beneficial Owners (“BOs”) and Control Persons (“CPs”)?
      · What is a “customer profile” and what do you do with it?
      · How will the rule affect transaction monitoring, suspicious activity investigations and reporting from both a technology and compliance program standpoint?
      · What risk-based trigger events are FIs considering when updating beneficial ownership information?

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    • AML: A New Approach to Fight Complex Money Laundering Schemes
      AML: A New Approach to Fight Complex Money Laundering Schemes Brendan Brothers and Chris Swecker Recorded: Sep 29 2017 4:00 pm UTC 65 mins
    • In this insightful session, Chris Swecker, former FBI Assistant Director and Brendan Brothers, Co-founder of Verafin, review the shortcomings of BSA/AML/CTF programs, which currently focus primarily on regulatory compliance and discuss a more effective means to investigate suspicious activity and the related flow of illicit proceeds.

      Learning Objectives
      •Gain an understanding of the challenges and inefficiencies of the current AML/CFT regime
      •Understand how a new approach to anti-money laundering efforts can generate stronger actionable information for law enforcement
      •Learn how financial institutions can adopt innovative technologies and practices to make a greater impact on fighting financial crime

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    • How to De£use the Fraud and Mone¥ Laundering Tim€ Bomb Ticking in Tran$lation
      How to De£use the Fraud and Mone¥ Laundering Tim€ Bomb Ticking in Tran$lation David Clarke, Today Advisory, Counter Fraud Specialist, Trustee and Founder of the NFIB Recorded: Oct 14 2014 12:00 pm UTC 42 mins
    • History teaches us that when things go seriously wrong in the legal and financial world the effects can take Nations to the edge of the abyss and spell personal and economic disaster for citizens and organisations not protected. The scandals of sub-prime mortgages, Libor and Payment Protection Insurance (PPI) provide a sobering reminder of what happens when professionals don’t follow the rules. This presentation exposes a risk that is often unseen – translation.

      In his presentation, David will:

      • Discuss the factors that contributed to recent financial scandals;

      • Ask why scandals such as PPI went undetected for so long despite being identified a decade earlier.

      • Highlight the nature of threat society faces from financial crime; and the new tougher enforcement approach being adopted by regulators.

      He will then shed light on a major compliance risk that has had little or no coverage to date: The use of translation and interpreting to facilitate fraud and money laundering and misinform customers of their rights and obligations.

      He will consider the potential scale of the problem and outline weaknesses in current practices in the professional services sector that poses a significant risk.

      David advocates ‘drawing a line in the sand’ and offers 5 steps to help regulated professionals to defuse the multilingual time bomb before it explodes into another major scandal.

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    • Actionable Intelligence for Anti-Money Laundering Compliance
      Actionable Intelligence for Anti-Money Laundering Compliance Vamsi Chemitiganti, GM of Financial Services, Hortonworks Recorded: Mar 2 2016 5:00 pm UTC 63 mins
    • In this 1-hour webinar, Vamsi Chemitiganti, Hortonworks GM for Financial Services, will discuss the key business issues and technology considerations in moving a financial services anti-money laundering (AML) regime onto Hortonworks Connected Data Platforms and the key benefits in doing so. Banks and capital markets firms can use Hortonworks Data Platform and Hortonworks DataFlow to process huge amounts of transaction-related data from both traditional and non-traditional sources. Compliance teams can then analyze that data-in-motion and data-at-rest for actionable intelligence required for Suspicious Activity Reports—to discover illegal activity and provide detailed reporting to authorities. There will be time for Q&A at the end of the presentation.

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    • Better Anti Money Laundering (AML) Compliance with Hortonworks
      Better Anti Money Laundering (AML) Compliance with Hortonworks Vamsi K Chemitiganti, General Manager - Financial Services, Hortonworks Recorded: Nov 24 2015 3:00 pm UTC 59 mins
    • In 2015, it goes without saying that Banking is an increasingly complex as well as a global business. Leading Banks now generate a large amount of revenue in Global markets and this is generally true of all major worldwide banks. Financial crime is a huge concern for banking institutions given the complexity of the products they offer their millions of customers, large global branch networks and operations spanning the spectrum of financial services. The BSA (Bank Secrecy Act) requires U.S. financial institutions to assist U.S. government agencies to detect and prevent money laundering. Specifically, the act requires financial institutions to keep records of cash purchases of negotiable instruments, to file reports of cash transactions exceeding $10,000 (daily aggregate amount), and to report suspicious activity that might signify money laundering, tax evasion, or other criminal activities. After the terrorist attacks of 2001, the US Patriot Act was passed into law by Congress. The Patriot Act augments the BSA with Know Your Customer (KYC) legislation which mandates that Banking institutions be completely aware of their customer’s identities and transaction patterns with a view of monitoring account activity. This webinar discusses the key business issues and technology considerations in moving your AML regime to a Hadoop based infrastructure and the key benefits in doing so.

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    • How to Trace Dirty Money
      How to Trace Dirty Money Carrie Tendler, Randall Arthur (both Kobre & Kim), James Mintz (Mintz Group) & George "Ren" McEachern (FBI) Upcoming: Nov 13 2017 4:00 pm UTC 75 mins
    • Coordinating Legal and Investigative Fact Finding to Recover Hidden Assets

      Kobre & Kim and Mintz Group will draw on their substantial experience in asset tracing and recovery to present on how legal teams and investigators can develop coordinated investigative strategies, including exploiting judicial mechanisms, to locate and recover debtor’s assets across multiple jurisdictions. The panel will outline the common steps debtors take to hifr and structure assets and—in turn— how each of these steps provide opportunities for investigators and legal teams to find assets. Among the questions the panel will seek to answer are:
      •What judicial mechanisms in debtors’ favored jurisdictions can assist in tracing and recovering assets?
      •Are the patterns in how subjects hide assets the same around the world?
      •Are the patterns subjects use to hide and structure assets the same regardless of whether they are clean or dirty?

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    • Understanding Alternative Payment Methods and Associated Risks
      Understanding Alternative Payment Methods and Associated Risks Moderator: Bene’t Garcia | Speakers: Jane Hennessy and Dennis Lormel Recorded: Apr 11 2017 5:00 pm UTC 62 mins
    • Criminals throughout the world are constantly discovering and utilizing unsuspecting alternative payment methods to perpetrate their crimes. The accessibility of easy-to-use tools are increasingly available, which unfortunately help to facilitate cybercrime and the proliferation of payments laundering. We will take a unique look at the threats posed by these new cybercriminals from the "payment hustler’s" point of view. From peer-to-peer payments, eWallets, mobile payments to prepaid cards — it is imperative that financial institutions remain proactive in efforts to combat fraud and alternative payment laundering. During this informative webinar, current tactics used by criminals, as well as case studies of transaction and payments laundering will be discussed.

      Learning Objectives
      •Review recent case studies of transaction and payments laundering for lessons-learned and practical approaches
      •Understand how criminals set up new payment methods (“Payments Hustling”) to perpetrate their crimes
      •Gain insight on how to improve current due diligence processes to effectively and efficiently detect fraudulent activity

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    • What are the Biggest Financial Crime Challenges Facing the UK Banking Industry?
      What are the Biggest Financial Crime Challenges Facing the UK Banking Industry? Moderator: Dean Curtis | Speaker: John Vallis Recorded: Jun 19 2017 1:30 pm UTC 65 mins
    • Does the current UK financial crime compliance environment, in terms of regulation, focus and culture, promote a proactive approach to overcoming money laundering? Will the successes of the Joint Money Laundering Intelligence Taskforce be realised by the broader banking community? What impact will Brexit have on the UK’s ability to combat financial crime?

      This webinar delivers the views of over 170 senior financial crime professionals in the UK as conveyed in the Future Financial Crime Risks 2017 report. Current and future risks that banks in the UK face when combatting financial crime will be considered, with focus on key areas of concern such as information sharing, the cost of compliance and the role of technology.

      Learning Objectives:
      •Gaining the perspective of leading practitioners from a variety of banking institutions on the most significant current and future financial crime risk challenges in the UK
      •Highlighting the importance of an intelligence led, collaborative risk based approach to outcomes
      •Examining the challenges and opportunities technology creates when tackling financial crime
      •Considering the impact and risks created by a tumultuous geo-political environment

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    • Financial Crime and the European Precious Metals and Stones Industry
      Financial Crime and the European Precious Metals and Stones Industry Moderator: Samantha Sheen | Speaker: Trisevgeni Stavropoulos Upcoming: Dec 15 2017 12:00 pm UTC 75 mins
    • Due to characteristics including high value, portable, virtually untraceable and odourless commodities, precious metals and stones are often exposed to elevated levels of money laundering risks. Money launderers and terrorist financers are drawn to precious metals and stones—especially diamonds since they are often highly valuable relative to their weight and also have a relatively stable price. During this informative webinar, our experts will explore initiatives undertaken by an organisation involved with one of the largest diamond dealer communities in Europe to raise awareness and bolster measures that can be taken to prevent the misuse of these products.

      Learning Objectives:
      •Raising awareness about how precious metals and stones are used to launder proceeds of crime
      •Analysing current typologies involving the use of precious metals and stones to move proceeds of crime and conceal its detection
      •Understanding measures that European diamond dealers are taking to comply with AML regulatory requirements

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    • De-Risking Dilemma: How the Financial Industry Can Collaborate to Manage Risk
      De-Risking Dilemma: How the Financial Industry Can Collaborate to Manage Risk Speaker: Adrián Sánchez B. Recorded: Jul 27 2017 6:00 pm UTC 59 mins
    • Wholesale de-risking is creating a boomerang effect for Caribbean and Central American banks that are caught as pawns as a result of conflicting global expectations. On the one hand, regulators expect global financial institutions to screen their clients for potential ties to terrorist activities, money laundering and other financial crimes. On the other hand, they urge banks to resist the temptation to completely walk away from risky areas such as money services businesses (MSBs) and correspondent banking. Correspondent banking allows Caribbean and Central American banks access to the international payment system, facilitating money transfers through transactions such as wire transfers, check clearing and currency exchange, affecting entire economies. How can banks, regulators and lawmakers work together to manage risk and continue serving their local economies?

      Learning objectives:
      •Why do banks engage in wholesale de-risking and what are the implications?
      •How can wholesale de-risking be bad for banks?
      •How can we facilitate more effective risk management across the financial industry?

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    • Enhancing AML Compliance Regimes in MSB Sectors
      Enhancing AML Compliance Regimes in MSB Sectors Moderator: Moh Datto | Speaker: Angela Chartrand Recorded: Nov 22 2016 5:00 pm UTC 55 mins
    • There has been a lot of debate in the media on the extent of the money service business (MSB) sectors’ adaptation and adherence to creating a solid compliance regime with respect to AML/CTF regulations. Many banks have decided to end long-term relationships with the MSB sector, refuse to open bank accounts for businesses that fall into FINTRAC’s/FinCEN’s definition of a MSB, or have adopted de-risking strategies to manage perceived compliance MSB risks. This webinar will provide further insight into MSB-sector issues such as unique compliance challenges and solutions when finding and retaining banking services, as well as implementing risk-based practices.

      Learning Objectives
      •Understanding why anti-money laundering risks in the MSB sector are elevated
      •Identifying areas for improvement to address the sectors’ unique challenges
      •Discussing the benefits of automated solutions for effective and efficient ongoing compliance program

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    • Retooling AML Strategies for New MENA Challenges
      Retooling AML Strategies for New MENA Challenges Moderator: Kieran Beer | Speakers: Giuseppe Lombardo and Liat Shetret Recorded: Oct 17 2016 12:00 pm UTC 69 mins
    • From countering evolving methods of terrorist financing to mastering KYC and ultimate beneficial ownership rules — compliance experts in the MENA region today face new global challenges and heightened regulatory requirements. During this webinar, compliance experts will detail the fast-changing demands on AML managers, present practical strategies for managing compliance risks of particular resonance in the MENA region – everything from trade-based money laundering (TBML) in free zones to sophisticated terror financing schemes such as seized tax revenues in occupied cities.

      Learning Objectives:
      •Quantifying geographic, transactional and sectoral risks to strengthen client assessment accuracy
      •Training staff on TBML typologies such as invoice manipulation to bolster monitoring effectiveness
      •Examining case studies of black market trading in stolen goods to identify and resolve red flags

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    • Navigating the Intersection of the FCPA, AML and Extraterritorial US Laws
      Navigating the Intersection of the FCPA, AML and Extraterritorial US Laws Jeffrey Lehtman, Kurt Wolfe, Sarah Cox, Ellen Zimiles, Alma Angotti, Jay Perlman Recorded: Jun 18 2013 5:00 pm UTC 67 mins
    • In a recent case the DOJ dubbed a “wake-up call,” the SEC and DOJ charged four individuals for their roles in a massive international bribery scheme, which the SEC discovered during a periodic examination of a broker-dealer. The agencies allege that employees of Direct Access Partners, LLC (“DAP”), a registered broker dealer, paid illicit bribes to high-ranking officials of Banco de Desarrollo Economico y Social de Venezuela (“BANDES”), the state-owned economic development bank of Venezuela. The action illustrates how conduct that has traditionally formed the basis of a Foreign Corrupt Practices Act (“FCPA”) case might also subject individuals and entities to a much broader array of charges under US law, including charges under anti-money laundering laws and the Travel Act.

      Join an experienced panel of government enforcement experts to learn how multi-national organizations in all industries can ensure that they have developed and implemented robust compliance programs that address these overlapping regulatory schemes.

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