BAFT17_FinCrimesCompWkshp_NoAm_700x110 BAFT Financial Crime Compliance Workshop – North America
May 3, 2017
Miami, FL

Overview | Program | Speakers | Sponsors | Hotel Information
Global Annual Meeting Wednesday Program
*** Financial Crime Compliance attendees are welcome to join Global Annual Meeting Wednesday sessions ***
7:30AM – 1:00PM
BAFT Registration Open
8:00AM – 8:10AM
Welcome
Todd Burwell
President and CEO
BAFT
8:10AM – 8:35AM
Keynote Address
Keynote Speaker
Daniel Soto
Chief Compliance Officer
Ally Financial Inc.
8:35AM – 9:20AM
A New World: Perspectives on the Shifting Policy Landscape
This session will give an update on the present US and international regulatory developments. A number of new senior US regulatory positions have been appointed by the Trump administration with a very different approach to the past administration. How will the Trump administration’s financial deregulation drive takes shape? Furthermore, how will the fight between U.S. and European authorities over how banks should calculate the riskiness of their assets pan out? Finally, in a very interesting development, the OCC is looking at giving Special Purpose National Bank Charters to Fintech companies.

Moderator
John Collins
President
Red Flag USA
Panelists
April Frazer
Global Head and MD, Regulatory Capital
FI Investment Banking
Wells Fargo
Ruth Wandhofer
TTS Head of Regulatory & Market Strategy
Global Transaction Services
Citi
9:20AM – 9:30AM
Stretch Break
9:30AM – 9:55AM
Anti-Money Laundering
Featured Speaker
David Wildner
Managing Director, US Head of AML
Compliance and Ethics
BNY Mellon
9:55AM – 10:40AM
Trade Based Money Laundering
Moderator
Melodie Michel
Americas Editor
Global Trade Review
Panelists
G. Stephen Alsace, LLB, JD
Senior Director, Sanctions                                
Global AML Group
CIBC

Ross Delston, CAMS
Attorney + Expert Witness
Law Office of Ross S. Delston
Stacey Facter
Senior Vice President, Trade Products
BAFT

Mark Giuffre

Assistant Special Agent in Charge
U.S. Drug Enforcement Administration
10:40AM – 11:25AM
Are You Ready for the Challenges of Cybersecurity?
Moderator
Barry Tooker
Offering Management
IBM Watson Financial Services
Panelists
Adam B. Drucker
Assistant Section Chief, Counter Terrorism
Terrorist Financing Division
Federal Bureau of Investigation

Michael Maxwell
Offering Management
IBM Commerce Payments
Walter J. Mix III
Managing Director and Financial Services Practice Group Leader
Berkeley Research Group LLC
11:25AM – 11:30AM
Closing Remarks
Todd Burwell
President and CEO
BAFT
John Rodriguez
Conference Co-Chair
Director, Financial Institutions, Latin America
Barclays Bank
Amy Sahm
Conference Co-Chair
Senior Vice President and Manager, International Group
Fulton Financial Corporation

Financial Crime Compliance Workshop – North America Program
11:30AM – 12:30PM
Networking Lunch
12:30PM – 1:00PM
Welcome/Introduction
Alma Angotti
BAFT Workshop Trainer
Managing Director, Global Investigations & Compliance
Navigant

Learning objective: A workshop for transaction banking business and compliance personnel to understand important regulatory requirements and developments in combatting financial crime, with an emphasis on governance and accountability. The workshop will also explore differences in approaches for regional and global banks.
1:00PM – 2:00PM
Customer Due Diligence
Alma Angotti
BAFT Workshop Trainer
Managing Director, Global Investigations & Compliance
Navigant

Ross Delston, CAMS
Attorney + Expert Witness
Law Office of Ross S. Delston
Learning objective: This session will help bankers and compliance personnel to understand the regulatory requirements regarding customer identification and due diligence, the responsibility of the “first line of defense” to identify and mitigate customer risk, and recent regulatory developments.

  1. Initial customer due diligence and risk rating (AML CDD & EDD, sanctions)
  2. Event driven and periodic refresh of information
  3. Recent developments
  4. Beneficial ownership
  5. Special concerns
    1. Trade based money laundering
    2. Bribery and corruption (PEPs)
    3. Shell companies and tax evansion (Panama Papers and FATCA)
2:00PM - 3:00PM
Correspondent Banking
Alma Angotti
BAFT Workshop Trainer
Managing Director, Global Investigations & Compliance
Navigant
Learning objective: This section will describe current international standards (FATF) and supervisory expectations (BCBS and OCC) for correspondent banking and how correspondents and respondents can meet these expectations in an efficient and cost effective way.

  1. Customer due diligence and risk rating
    1. Initial CDD/EDD and risk rating
    2. Event driven and periodic refresh of information
  2. When do you have to know your customer’s customer?
  3. Restricting or closing an account
3:00PM - 3:15PM
Networking Coffee Break
3:15PM – 4:15PM
Transaction Monitoring
Alma Angotti
BAFT Workshop Trainer
Managing Director, Global Investigations & Compliance
Navigant

Learning objective: This section will explain recent regulatory developments in governance and optimization of automated transaction monitoring systems for both AML/CFT and sanctions compliance.

  1. Governance of your automated system
  2. NYDFS Rule 504 & Model Validation
  3. Optimization – a combination of systems, processes and people
  4. Detection scenarios and case studies
4:15PM – 5:15PM
Sanctions
Alma Angotti
BAFT Workshop Trainer
Managing Director, Global Investigations & Compliance
Navigant
Howard Mendelsohn
Managing Partner
The Camstoll Group, LLC
Learning objective: This section will explain the evolution of economic sanctions programs, which have become more complex over time, and offer strategies to protect against inadvertent and deliberate evasions of sanctions regime requirements.

  1. Comprehensive sanctions, SDNs and sectoral sanctions
  2. EU v. US sanctions against Iran
  3. Sanctions in trade finance
  4. Governance
    1. Training and awareness
    2. Testing
    3. Accountability
5:15PM – 5:30PM
Wrap Up/Closing Remarks
Alma Angotti
BAFT Workshop Trainer
Managing Director, Global Investigations & Compliance
Navigant