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Lessons Learned From Recent High-Profile Bribery and Corruption Investigations

A key component of an organization’s compliance strategy is the implementation of a robust anti-bribery and corruption program. Due to record-high enforcement actions and recent high-profile investigations involving APAC and global financial institutions, it is imperative that compliance programs enhance current policies and procedures including performing due diligence, knowing your customer and implementing ongoing monitoring procedures. During this webinar, panelists will review lessons learned from recent high-profile investigations and provide practical guidance to identify, address and contain instances of bribery and corruption.

Learning Objectives:
•Reviewing recent high profile APAC and global bribery and corruption investigations to discern practical AML lessons
•Leveraging internal control policies and procedures to support anti-bribery functions including using a client’s past transaction monitoring data and alerts when updating an anti-corruption risk assessment
•Charting bribery and corruption typologies to spots and investigate transactional red flags
Recorded Dec 8 2017 64 mins
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Presented by
Moderator: Hue Dang | Speakers: David Cope, William Scott Grob and Rosalind Lazar
Presentation preview: Lessons Learned From Recent High-Profile Bribery and Corruption Investigations

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  • 360 Degree Review: Europe’s 2017 Activities and Forecasts for 2018 Jan 19 2018 1:00 pm UTC 75 mins
    Moderator: Kieran Beer | Speakers: Anna Bradshaw and Gregory Dellas
    ACAMS chapter members from across Europe will discuss AML regulatory developments in their jurisdictions during 2017 and what can be expected in 2018.

    Learning Objectives:
    •Obtaining a consolidated understanding of the overall European landscape of 2017 related to AML initiatives
    •Providing a Europe-wide perspective of anticipated changes to national AML regulations and requirements in compliance with the 5AMLD in 2018 and beyond
    •Establishing strategies to deal with incorporate legislative and regulatory changes into financial institutions’ anti-financial crime compliance programs
  • Politically Exposed Persons (PEPs) - Exposing the Facts Jan 18 2018 5:00 pm UTC 75 mins
    Speaker: Julius Sasvari
    According to Anti-Money Laundering (AML) and Anti-Corruption regulations, financial institutions must take reasonable measures to determine whether an individual is a Politically Exposed Person (PEP). By placing PEPs into a higher risk model for Enhanced Due Diligence, organizations can protect themselves from being used by money launderers and other harmful activities. At the same time, not all PEPs present the same level of risk. This will vary depending on numerous factors (including the PEP's country of jurisdiction, industry or sector).

    Learning Objectives:
    •How regulations are changing – both domestic and foreign
    •Factors contributing to PEP risk – which PEPs may be riskier than others
    •Best practices for optimizing screening and monitoring – including cost-savings and efficiencies
  • Financial Crime and the European Precious Metals and Stones Industry Dec 15 2017 12:00 pm UTC 75 mins
    Moderator: Samantha Sheen | Speakers: Dr Frédéric Massé, Jean Claude Michelou and Trisevgeni Stavropoulos
    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
  • ACAMS Moneylaundering.com Year-End Compliance Review and 2018 Outlook Dec 13 2017 5:00 pm UTC 135 mins
    Moderator: Kieran Beer | Speakers: Colby Adams, John Byrne, Megan Hodge, Valentina Pasquali and Rick Small
    Keeping up with major enforcement actions, compliance trends and regulatory developments is always a challenge for compliance professionals. Join this panel of experts as they review and assess the most important developments in the United States and globally in 2017 as covered by ACAMS moneylaundering.com. In addition, in preparation for 2018, panelists will share what they think will be the most urgent issues facing the compliance community in the New Year.
  • Lessons Learned From Recent High-Profile Bribery and Corruption Investigations Recorded: Dec 8 2017 64 mins
    Moderator: Hue Dang | Speakers: David Cope, William Scott Grob and Rosalind Lazar
    A key component of an organization’s compliance strategy is the implementation of a robust anti-bribery and corruption program. Due to record-high enforcement actions and recent high-profile investigations involving APAC and global financial institutions, it is imperative that compliance programs enhance current policies and procedures including performing due diligence, knowing your customer and implementing ongoing monitoring procedures. During this webinar, panelists will review lessons learned from recent high-profile investigations and provide practical guidance to identify, address and contain instances of bribery and corruption.

    Learning Objectives:
    •Reviewing recent high profile APAC and global bribery and corruption investigations to discern practical AML lessons
    •Leveraging internal control policies and procedures to support anti-bribery functions including using a client’s past transaction monitoring data and alerts when updating an anti-corruption risk assessment
    •Charting bribery and corruption typologies to spots and investigate transactional red flags
  • Protecting the Integrity, Veracity and Lineage of your Data Recorded: Nov 17 2017 61 mins
    Speaker: Andrew Davies
    Anti-money laundering (AML) detection continues to evolve at a record pace. While new technologies increase opportunities for risk detection, they also bring new challenges. Ingesting clean data into your money laundering detection system and maintaining the integrity of that data are the key to improving detection accuracy and ensuring operational efficiency. Hygienic data will also allow organizations to adopt new AML detection capabilities with more speed now and in the future.

    Learning Objectives:
    •Understanding how to accurately ingest date for optimal data integrity and lineage
    •Creating a robust and flexible data integration architecture
    •Processing guidelines in order to maintain data veracity
    •Reviewing three important AML detection innovations in 2018
  • True Cost of AML Compliance – Results of 2017 Study Recorded: Oct 10 2017 61 mins
    Chrisol Correia and Victoria Meyer
    This webinar will detail the results of a recent LexisNexis Risk Solutions survey to discover the true cost of AML compliance. The study, conducted in Europe, surveyed decision makers within the financial crime function who oversee KYC remediation, sanctions monitoring and AML transaction monitoring.

    Learning Objectives
    •Identifying the drivers and influencers impacting AML compliance
    •Understanding spending trends for AML compliance
    •Learning about the role of technology
  • AML: A New Approach to Fight Complex Money Laundering Schemes Recorded: Sep 29 2017 65 mins
    Brendan Brothers and Chris Swecker
    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
  • Building an Effective Sanctions Program (in Mandarin) Recorded: Sep 15 2017 77 mins
    Joyce Hsu, CAMS-FCI 许胧方, Gwen Chen, CAMS 陈珪娟, Maggie Zhang 张帆
    The role and importance of sanctions controls cannot be underestimated. But how can you be sure your sanctions program is effective? The industry experts will share their insights and strategies to provide you on how to effectively build sanctions programs in the current regulatory environment.

    制裁控制的作用和重要性不能低估。但你怎么能肯定你的制裁管理方案是有效的?本次研讨会将由业内专家分享他们的见解和策略,为您提供关于如何在目前的监管环境下有效地构建制裁管理方案。

    Learning objectives include 学习目标:

    Review of recent Regulatory and Industry Trends and their impact on sanctions programs
    最新监管和行业发展趋势及其对制裁方案的影响
    Strengthening your sanctions program to maximize effectiveness
    强化您的制裁方案来发挥最大效益
    Ensuring your compliance program effectively monitors your customers’ customers
    确保合规系统有效监控客户的客户
    Building a sustainable sanctions program and handling of ongoing sanctions changes
    建立可持续的制裁方案和处理不断改变的制裁内容
  • Upcoming FATF Mutual Evaluations, Ongoing Compliance Expectations and Other Req. Recorded: Sep 1 2017 62 mins
    Moderator: David Cope | Speakers: Stewart McGlynn and Richard Moore
    APAC regulatory developments and uncertainties remain a challenge for compliance professionals especially due to the unpredictability of what the future holds for the financial industry. In turn, the retooling of existing compliance infrastructure and beefing up current compliance functions is required in order to meet evolving regulatory expectations. This webinar previews what changes and impacts regarding recent trends, expectations and requirements may be in store for APAC compliance programs including upcoming FATF Mutual Evaluations in the Asia-Pacific region. The webinar will also review practical, proactive approaches for effectively managing these transitions, as well as negate future concerns.

    Learning Objectives:
    •Preparing for the findings of FATF Mutual Evaluations in the APAC region including technical requirements of the assessment methodology
    •Identifying new and ongoing regulatory initiatives, directives and trends to proactively develop coping, practical strategies
    •Utilizing risk-based AML oversight to meet regulatory demands and support institutional business goals
  • Counter Terrorist Financing: Finding the Needle in the Haystack Recorded: Aug 31 2017 61 mins
    Moderator: Samar Pratt | Speakers: Dayna Bordin, Brandon Daniels and Vladimir Petrov
    Terrorism risk has evolved – but have financial institutions kept up? Terrorist activities are increasingly carried out by individuals who transact small sums of money, making them extremely difficult to find. This webinar will provide practical guidance on the steps you can take to proactively identify and prevent terrorist financing.

    Learning Objectives
    •Risk assessment: How to effectively assess terrorist financing risk for your organisation
    •Intelligence: How data analytics and typologies can help you get the most out of your data
    •Identification: How to identify the small number of threats from many legitimate customers
  • Navigate Successfully Through the Current KYC Perfect Storm Recorded: Aug 15 2017 66 mins
    Jen Klein and Jeff Woods
    KYC is like a hurricane; no one will know where it will hit, land or what damage it will cause. As we all buckle down, are you clear on what you can do to make sure your organization is ready for the impact?

    It is time to move beyond basic KYC checklists and “how-to” information and learn from others who have been through these types of storms. During this webinar, listen in and leverage real-world experiences and best practices from a variety of financial institutions and other organizations. Evaluate the current storms that are brewing to determine which ones will affect your business the most. Find out why you should be battening down the hatches by increasing your vetting and monitoring of domestic customers. Evaluate climate change by reviewing your technology to create efficiency and consistency across your organization. Start storm tracking for the future by redefining risk to better protect your company and its bottom line.

    Learning Objectives
    •Discover the trending concerns around domestic KYC risks and how to protect your institution
    •Perfect Tech Stack: Making data, integrations, software & partners work seamlessly together
    •Challenge the definition of Risk: How to embrace the future now
  • De-Risking Dilemma: How the Financial Industry Can Collaborate to Manage Risk Recorded: Jul 27 2017 59 mins
    Speaker: Adrián Sánchez B.
    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?
  • Managing Risk Through AI: What Financial Institutions Need to Know Recorded: Jul 11 2017 66 mins
    Moderator: Kevin Petrasic | Speakers: Steve Chabinsky, Kelley Chamberlain and Ben Saul
    As banks and other financial services companies seek to improve compliance management systems, many are considering the use of algorithmic and other artificial intelligence (AI) solutions to augment or replace current systems. AI-driven RegTech has the potential to revolutionize all facets of compliance management: AML, OFAC, regulatory reporting, risk management, and cybersecurity. But, to develop and implement an AI-based compliance system, institutions need to map out a planned approach, which requires careful analysis of several threshold issues.
    This webinar features legal professionals at the leading edge of AI, data, privacy and cybersecurity law along with senior compliance officers from banks that are advancing compliance technology. They will discuss the legal and compliance questions that banks and financial services companies should consider, with a view to understanding both the risks and opportunities presented by AI-driven RegTech initiatives.

    Learning Objectives:
    •Gain perspective of the potential use cases for AI to enhance financial institution compliance management and exploring the range of AI-based solutions
    •Understand the attendant risks involved in use of AI, particularly in the context of evolving cybersecurity and data privacy standards
    •Understand the complexity of third-party outsourcing when data access and security are key issues
    •Identify compliance functions where the benefits of using AI already exceed the risks
  • Fintech AML Requirements and Challenges in a Changing Environment Recorded: Jun 29 2017 61 mins
    Speakers: Monique Jean and Jeffrey Kelly
    Ongoing supervisory enforcement actions and monetary penalties have continued to pressure Fintechs to address AML risks head-on by understanding their unique risk, establishing a program commensurate with these inherent risks, and adapting as their business and environment evolve. This webinar will discuss recent enforcement actions, help to define the requirements, lay out strategy and tactics to meet such requirements, and anticipate needs for adjustment moving forward. Our panelists will also discuss potential impacts of evolution in the industry including OCC Charter, NMLS 2.0 and CSBS Vision 2020.

    Learning Objectives:
    •Reviewing current, Fintech-related supervisory enforcement actions and monetary penalties
    •Understanding and defining Fintech AML requirements
    •Incorporating best practices to assess and manage inherent risks including programs, internal controls and independent testing
    •Establishing a sound program and adapting to changes in the industry
  • What are the Biggest Financial Crime Challenges Facing the UK Banking Industry? Recorded: Jun 19 2017 65 mins
    Moderator: Dean Curtis | Speaker: John Vallis
    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
  • APAC Update: Enhancing UBO Practices to Strengthen AML Oversight Recorded: Jun 2 2017 66 mins
    Moderator: Aub Chapman | Speakers: David Cope and Krishna Subramanyan
    Identifying the UBO of customers who are establishing a business relationship or conducting transactions is often a difficult and cumbersome task. For example, identifying the UBO for a corporation seeking financial services will more than likely require digging through several layers of ownership and other legal arrangements. During the webinar, panelists will share their expertise and practical advice to achieve your organization’s compliance goals to meet UBO standards.

    Learning Objectives:
    •Detailing APAC, US and EU jurisdictional requirements to aid UBO and ensure compliance with regulatory obligations
    •Creating innovative processes to maintain the customer profile throughout the customer lifecycle
    •Reviewing typologies of abusive trusts and shell firms to strengthen UBO identification processes
  • Managing the AML Risk for Correspondent Banking (in Mandarin) Recorded: May 12 2017 64 mins
    Joyce Hsu, CAMS-FCI | 许胧方, Bai Ye ZHU, Margaret | 朱百叶, Serena Zhu CAMS | 朱静燕
    Correspondent banking is a vital link in global finance. However, correspondent relationships can pose unique oversight challenges, most notably reliance on third parties to identify beneficial owners and politically exposed persons. This webinar outlines common challenges and proposed solutions to the distinct compliance concerns related to correspondent banking, providing practical guidance on applying a risk-based approach to mitigate potential AML challenges, identify red flags and properly investigate and resolve potential problems.

    代理银行在全球金融中是至关重要的一环。然而,代理往来关系却可能构成独特的监管挑战,最明显的是依赖第三方来确认实质受益所有权人和政治公众人物。此次网络研讨会将探讨代理银行的共同挑战和涉及不同法规遵循要求的考虑,应用基于风险的办法,以减轻潜在的反洗钱挑战、辩识危险信号、适当调查和解决潜在问题提供实务指引。

    Learning objectives include 学习目标:

    Regulations update for Correspondent banking
    代理银行业务相关的法规更新
    Adapting CDD/KYC policies to address unique risks of correspondent banking such as nested accounts
    调整客户尽职调查/了解您的客户政策,以适合代理银行独特的风险,如嵌套账户
    Examining branches, subsidiaries and affiliates of correspondent clients to gauge AML adequacy
    检验代理客户分支机构,以验证其反洗钱制度的适当性
    Creating strategic profiles of respondent banks to identify and investigate aberrant transactions
    创建受托银行的重要目标档案,以识别和调查异常交易
  • The CDD Final Rule: Responding Effectively to Implementation Hurdles Recorded: May 12 2017 63 mins
    Moderator: John Byrne | Speakers: Kieran Beer, Anna Rentschler, Rick Small and Daniel Stipano
    The deadline to comply with FinCEN’s CDD Final Rule is rapidly approaching, yet many institutions are struggling to decipher the rule’s requirements – and formulate strategies for meeting them. This fast-paced yet authoritative webinar offers expert insight into the relevant issues surrounding this game-changing rule, while offering practical action plans for the AML professionals who must implement it. The webinar will also offer a preview of ACAMS Special Forum, “Mastering the CDD Final Rule – A Roadmap to Successful Implementation,” to be held June 19 in Washington, DC.

    Learning Objectives:
    •Analyzing beneficial ownership and controlling person definitions to meet Final Rule standards for data collection, verification and storage
    •Creating risk-based entity profiles to enhance monitoring and trigger event-based reviews as warranted
    •Formalizing Final Rule training protocols to attain enterprise-wide awareness and compliance
  • Human Trafficking: Following the Money Trail Recorded: Apr 24 2017 62 mins
    Speakers: Brendan Brothers and Timea Nagy
    This highly insightful session, presented by Timea Nagy, Human Trafficking Survivor, Author, Speaker and Social Advocate; and Brendan Brothers, Co-founder of Verafin, provides an informative overview of the key aspects of human trafficking and highlights the significant role that financial institutions can play in combatting this horrendous crime.

    Learning Objectives:
    • Gain an understanding of the various stages of human trafficking and roles of ring members
    • Learn about important red flag financial indicators
    • Understand through a real-life case how multiple banks are often exploited by traffickers
Quality AML/CTF Training from the Comfort of your Office
ACAMS web seminars provide a convenient method to meet training requirements and stay on top of AML trends, sanctions updates and regulatory changes, plus ask questions of industry experts.

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  • Title: Lessons Learned From Recent High-Profile Bribery and Corruption Investigations
  • Live at: Dec 8 2017 2:00 am
  • Presented by: Moderator: Hue Dang | Speakers: David Cope, William Scott Grob and Rosalind Lazar
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