Conference Program Pre-conference Training Tuesday, August 1, Main Conference Day One Wednesday, August 2, 2017

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1 Conference Program Pre-conference Training Tuesday, August 1, :00 AM 9:00 AM CAMS Examination Preparation Seminar Check in (Separate registration required) 9:00 AM 16:30 PM CAMS Examination Preparation Seminar Led by CAMS-certified instructors, the CAMS Examination Preparation Seminar reviews critical information in an easy-to-follow format that prepares you to sit for the CAMS Examination. Benefit from this interactive study session as AML experts walk you through core content areas and practice questions. This seminar is worth 6 CAMS credits and free for conference participants who purchase the certification package or are in the process of certifying and will be sitting for the Examination. * Please note that seating capacity is extremely limited and participation must be reserved in advance. To purchase the CAMS certification package, or to add-on this seminar to your conference registration, please contact your ACAMS account representative or our Service Team on or info@acams.org. 15:00 17:00 PM Registration Desk Open 8:00 AM - 17:30 PM Registration Desk Open 8:00 AM - 18:30 PM Exhibit Hall Open Main Conference Day One Wednesday, August 2, :00 AM - 9:00 AM Networking Breakfast in the Exhibit Hall 9:00 AM - 9:15 AM Opening Remarks 9:15 AM - 10:20 AM FATF : Recent updates and the Impact of Mutual Evaluations in your Organization Much has been said about FATF (GAFI): the 40 recommendations, risk-based approach and mutual evaluations of FATF member countries. professionals constantly raise many questions regarding how this affects the economies of the countries and, more to the point, how professionals and their organization are affected by the measures proposed by FATF. Attend this panel to answer all your queries, where a panel of expert lecturers will discuss how a risk-based approach contributes to the identification of financial crime and improves the link between the private and public sector, strengthening the AML industry. Our panel of experts will also analyze the results of the 4 th round of mutual evaluations in several Latin American countries, the potential regulatory changes in response to those results and, therefore, the possible impact on the AML program of their institution. 10:20 AM - 11:30 AM General Session Complying with Regional and International Regulatory Expectations Identify changes to be implemented in your AML program to comply with the provisions of the Mexican Anti-Money Laundering Law Find out about new challenges faced by the Colombian financial sector in complying with the new SARLAFT regulations Mónica da Rosa mdarosa@acams.org Page 1

2 Learn about OECD s project to fight against base erosion and profit shifting (BEPS) and its effect on the private sector Analyze how the AML/CFT environment in Latin America can be affected by potential normative changes imposed by the new U.S. Administration 11:30 AM - 12:00 PM Networking and Refreshment Break in Exhibit Hall 12:00 PM - 13:15 PM Concurrent Sessions AML Knowledge Optimizing your Customer Due Diligence and Beneficial Ownership Practices Use diverse databases that allow you to verify the information provided and identify PEPs, Specially Designated Nationals (SDNs), or links to terrorist organizations Define the protocols to be applied to determine your clients risks and review them periodically to spot changes such as in organizational structures or within the regulatory framework Implement Enhanced Due Diligence procedures for clients with complex structures, such as offshore businesses, limited partnerships or private interest foundations. Strengthen your process of identification of final beneficial owners of an account by analyzing cases in which trustee abuse was present Sponsored Session Digital Risks Avoiding and Developing a Contingency Plan to Protect from Cyber Attacks Mitigate the risk of cybercrime by incorporating preventive measures in your AML models Implement security servers (firewalls) to protect from possible hackers Develop contingency plans to counteract cyberattack damage and protect your clients information Mexican Focus Evaluating the Impact of the New Institutional Liability Law in the Private Sector Analyze the bases of the new national anticorruption system (SNA) and the changes to be implemented in the compliance program to meet the new liabilities Evaluate the real reach of the new anticorruption system and the predominant role of the private sector in its effectiveness Listen to experts talk about the current landscape in Mexico and what to aim for in the fight against bribery, corruption and money laundering in the public sector Non-Financial Industry 13:15 PM - 14:30 PM Networking Luncheon Discussing the Practical Challenges of AML Policy Implementation Learn about the experiences and challenges observed in the implementation of AML regulations in APNFDs and the specific differences regarding the experience in the financial sector. Adopt the internal criteria and procedures to enable you to identify clients and provide the reports required by regulation Analyze how to implement a comprehensive culture of prevention of the risk of money laundering in your organization 14:30 PM - 15:45 PM Concurrent Sessions Sanctions: Identifying Risks and Developing Strategies in the Current Global Environment Evaluate the current situation of sanctions imposed against Iran, Russia and Cuba to keep your preventive models up to date Mónica da Rosa mdarosa@acams.org Page 2

3 Develop dynamic policies and programs that will allow you to rapidly respond to changes in international trends in determining sanctions Analyze recent cases of imposed sanctions and identify the errors of the penalized organizations to incorporate the experience to your AML program AML Knowledge Digital Risks Mexican Focus Non-Financial Industry Sponsored Session Confronting Virtual Currencies Growing Complexities Recognize the different types of virtual currencies and assign a corresponding risk matrix to each Resolve conflicts which may emerge between regulations enforced by different jurisdictions so as to effectively comply with global obligations Analyze FATF recommendations for monitoring the use of virtual currencies and identification of users to mitigate the risk of criminal activity Analyze recent cases of crimes involving use of virtual currencies and identify criminal patterns FATF Mutual Evaluations: Predicting Future Challenges Evaluate possible impact of the results of FATF Mutual Evaluations in your current AML compliance program Strengthen your Client Due Diligence (CDD) measures in response to new requirements of identification of real account ownership Install enhanced due diligence procedures to apply to highest risk or vulnerable sectors, such as Non-Regulated Entities (NRE) Identifying and Avoiding Money Laundering through Real Estate Delve deeper into the regional regulatory expectations in the real estate sector Analyze criminal typologies, such as cash transactions or the use of shell companies, to improve monitoring procedures Carry out periodic reviews of your AML program to incorporate the new variables 15:45 PM - 16:15 PM Networking and Refreshment Break in Exhibit Hall 16:15 PM - 17:30 PM Concurrent Sessions AML Knowledge Digital Risks Implementing an Effective AML Audit Program Develop a specific risk management program for auditing purposes Define and implement effective and comprehensive auditing methods within your organization Analyze the existing information to identify trends and insure the effectiveness of your auditing program, especially when handling high risk clients and jurisdictions Establish parameters that generate alerts and produce efficient Suspicious Activity Reports (SAR) Sponsored Session Updating your Models to Mitigate Fintech Risks and Challenges Identify the financial crime risks pertaining to the Fintech sector to ensure the use of effective models for verification of new clients. Train all employees within the organization on the Fintech risks to insure they are contemplated in your monitoring program Get acquainted with the new Mexican Fintech Law and how it affects your company s AML program Mónica da Rosa mdarosa@acams.org Page 3

4 Mexican Focus Forecasting the Challenges of Implementing the Recent Anti-Corruption National System Consult about consequences of penal liabilities of juridical persons Analyze which are the greatest vulnerabilities for crime committed in the Mexican business sector Adopt operational procedures to minimize the risk of these crimes happening in your organization Mining: Developing Procedures to Combat ML through Precious Metals Analyze regulations established in the sector and the impact of compliance, including the high administrative costs of compliance Learn about emerging methods used by criminals to launder funds from illegal gold exploitation and trafficking of precious gems Implement effective monitoring techniques that will enable you to identify alerts regarding suspicious activity based on client behavior and account activity 17:30 PM - 18:30 PM Networking Reception in Exhibit Hall 8:00 AM 6:00 PM Registration Desk Open 8:00 AM 6:00 PM Exhibit Hall Open Main Conference Day Two Thursday, August 3, :00 AM 9:00 AM Networking Breakfast in Exhibit Hall 9:00 AM 9:15 AM Opening Remarks Award Ceremony 9:15 AM 9:40 AM Keynote Speech and Q&A Session 9:40 AM 10:45 AM General Session Lessons Learned in Recent Corruption and Bribery Cases Learn how illicit funds are transferred between jurisdictions and identify risks involved in money remittances. Apply advanced Client Due Diligence (CDD) and Enhanced Due Diligence (EDD) to identify final beneficiary ownership and possible existence of PEPs Establish internal systems to escalate alerts on suspicious activities and thus proceed to investigation and resolution of cases 10:45 AM 11:15 AM Networking and Refreshment Break in Exhibit Hall 11:15 AM 12:25 PM Concurrent Sessions NEW HOT Topics This panel, led by a select team of experts, is driven by input from attendees, who request insights and answers on specific issues involving compliance, AML and financial crime. Whether the issue is coping with changing rules, global regulatory trends or advice on mastering the examination process, this open forum and interactive session tackles the topics submitted by the audience two weeks before the conference kickoff. It is a frank discussion with practical benefits for all constituencies in the AML ecosystem. Mónica da Rosa mdarosa@acams.org Page 4

5 Financial Update Risk Assessment Fighting Trade Based Money Laundering Strengthen your KYC/CDD protocols to face new criminal schemes Incorporate variables into your risk management program to control export fraud Adopt better practices to document international commercial transactions Analyze recent real money laundering study cases in car sales Managing the Risk Assessment Challenges Develop risk management parameters to quantify adherence to institutional and regulatory standards Establish procedures for continued review of your clients to guarantee that their risk profiles are accurate and up to date Determine when it is necessary to close a high-risk account so as to inform senior management Odebrecht: Analyzing this Case of International Corruption and Bribery Listen to details of the complex bribery case of politicians in over 12 Latin American countries, which reached over 780 million USD Analyze in detail the criminal schemes used, including shell companies, offshore business and PEPs to improve your anti-corruption and anti-bribery program Learn the financial and legal strategies used for criminalization of funds and the Prevent, Alert, Damage Reduction methodology applied by criminals to avoid the risk of being uncovered SOFOMES (Credit Unions): Preventing Fraudulent Activities in your Organization Analyze recent cases of fraud in the SOFOMES (Credit Unions) and identify the common features as alert signals Evaluate the best practices used for the detection and investigation of fraudulent activities in the industry Document the results of your investigations and request assistance internally and from the pertinent authorities 12:25 PM - 1:55 PM Networking Luncheon 1:55 PM - 3:05 PM Concurrent Sessions Financial Update The Role of the Executive Management in the Effectiveness of your Program Learn the importance of having the support of executive management in the application of the principles of a culture of compliance and risk management in your organization Present solid arguments for senior management to extend the necessary resources to guarantee an effective compliance function Keep your organization s senior executives informed about recently presented SARs and all significant regulatory changes Optimizing your Financial Crime Investigation Techniques Identify and eliminate internal obstacles, including lack of communication or bad system integration, which could impede monitoring fraudulent activities Adapt your alert systems to monitor specific concerns, such as activity occurring in certain areas or high risk industries Report all corresponding alerts by creating duly documented SAR and then proceed with the pertinent investigation Mónica da Rosa mdarosa@acams.org Page 5

6 Managing the Risks of Correspondent Banking Adapting KYC/CDD policies to deal with specific risks of correspondent banking, such as nested accounts Check AML procedures used by branches, subsidiaries and affiliates of correspondent clients to confirm their suitability Develop profiles of the correspondent banks to identify and investigate atypical transactions Lessons Learned from a Major Computer Hacking Case Learn about methodologies used by cybercriminals to infiltrate several mostly financial institutions in over 31 countries, including Mexico, Brazil and Chile Implement detailed monitoring processes of the cybersecurity policies managed by your institution and those used by the service providers who handle client information Sort out the obstacles that may exist within senior management and the IT department to ensure application of cybernetic controls in an integral manner in your institution Non-Bank Financial Institutions: Implementing an Effective Risk Assessment Model Develop parameters to measure exposure to risk in all your institution s environments, in order to invest your resources in your organization s AML priorities Implement on-boarding procedures of new clients based on their risk level Carry out frequent reviews of the integral risk level of your institution to identify new vulnerabilities and set up corrective measures 3:05 PM - 3:35 PM Networking and Refreshment Break in Exhibit Hall 3:35 PM - 4:45 PM Concurrent Sessions Financial Update Risk Assessment Fighting Emerging Methods of Terrorism Financing Evaluate methods used by terrorist organizations to infiltrate jurisdictions and financial institutions with weak AML policies Identify modes of operation commonly used by terrorist groups, the so called lone wolves terrorists and sympathizers with their cause. Analyze the management of the Colombian FARC group s funds upon changing their status from a terrorist group to non-terrorist Avoid the use of cross border payments and added value cards by terrorists infiltrated into the West Adopting Best Practices for Identifying and Reporting Tax Evasion Evaluate international efforts to work toward client information transparency and to improve the processes to detect and investigate fiscal evasion Analyze ways to comply with initiatives for client information transparency in juxtaposition with local data protection laws such as the new data law in Mexico Develop different pragmatic focal points to monitor clients from non-cooperative jurisdictions and evaluate the possible effect of current monitoring and Know Your Client measures Train in the most effective techniques for identifying alerts of fiscal crimes and their most recent typologies Mitigating High Risk Clients Define uniform reviews for high risk clients, considering risk tolerance policies managed by your organization Mónica da Rosa mdarosa@acams.org Page 6

7 Integrate comprehensive Know Your Client policies and apply risk models for new clients to facilitate identification and control highest risk clients Train the compliance staff in the application of Enhanced Due Diligence measures to high risk clients KYE: Best Practices for Avoiding Funds Embezzlement Train managers to identify suspicious behavior of employees, such as not presenting SAR in case of alerts or ignoring patterns of unusual transactions Use up-to-date parameters to identify possible links between suspicious activity and any of your employees Discover and investigate any possible connection between your employees and criminal organizations Insurance: Developing AML Specific Policies for the Insurance Industry Carry out an evaluation of institutional risk to identify possible weaknesses in your AML program Train the independent agents on the effective application of KYC/CDD measures to guarantee compliance with regulatory expectations Analyze recent typologies of insurance fraud so as to strengthen internal procedures for the identification and investigation of suspicious activities 4:45 PM 4:55 PM Networking and Refreshment Break in Exhibit Hall 4:55 PM 6:00 PM Concurrent Session Financial Update Risk Assessment Strengthening Role to Fight Human Traffic Detailing transactional typologies in which funds originating from human trafficking have been detected aiming to facilitate the detection of this kind of activity in your institution Formalize processes to escalate alerts and ensure a detailed revision of the activity Contact the pertinent law enforcement authorities to contribute in the fight against this type of crime from a humanitarian point of view Updating your PEPs Monitoring Procedures Update your protocols for assignment of client risk to comply with new reach of the concept of PEPs in regional regulations, such as in Colombia Evaluate the most recent types of money laundering operations by political parties and state representatives to set up strategies for scanning and recovery of assets Analyze the situation of financial institutions handling accounts of the Venezuelan Government, whose operations are authorized by a PEP who is also sanctioned by OFAC Applying a Comprehensive Risk Assessment Program in your Organization Apply risk management practices in all sectors of your institution to guarantee uniformity of risk standards used Align and implement your organization s risk appetite at all levels Eliminate vulnerabilities associated with high risk products and clients by applying enhanced due diligence and the optimization of your technological systems Third Party Payment Processors: Countering Third Party Payment Processors Vulnerabilities Establish guidelines so that payment processors may verify that the clients are not PEPs or are sanctioned Audit the AML and Know Your Client (KYC) policies applied by the payment processor to verify compliance with regulatory requirements Mónica da Rosa mdarosa@acams.org Page 7

8 Promote fluid communication between the bank and the payment processor to identify common patterns used by criminals Small and Medium Organizations: Strategies to Manage High Risk Customers Analyze de-banking of high risk clients and the immediate consequences for small and medium size organizations Establish strategies for handling accounts of high risk clients, such as third party payment processors using virtual currencies Designate adequate staff and technological resources to monitoring and reporting of suspicious activities Main Conference Day Three Friday, August 4, :00 AM - 12:05 PM Registration Desk Open 8:00 AM 10:50 AM Exhibit Hall Open 8:00 AM - 9:00 AM Networking Breakfast in Exhibit Hall 9:00 AM - 9:05 AM Opening Remarks 9:05 AM 10:20 AM GENERAL SESSION New Virtual Era: Understanding the Impact of New Products on AML Controls Understand how businesses using financial technology (Fintech) identify, evaluate and mitigate AML risks Analyze the regional regulatory framework regarding new technological products, including the new Mexican Fintech law Evaluate the challenges and opportunities of electronic verification of clients in view of the need to comply with existing regulatory requirements and new more exhaustive Client Due Diligence (CDD) measures 10:20 AM 10:50 AM Networking and Refreshment Break in Exhibit Hall 10:50 AM 12:00 PM GENERAL SESSION Changing Role in a Volatile Political Environment Plan to face the emergence of new products due to lack of normative guidelines Develop strategies to protect yourself from penal, administrative and civil liabilities in case your institution is investigated by the authorities Update your AML controls in response to changes in the economic environment and international political uncertainty that could directly impact the global financial system 12:00 PM 12:05 PM Closing Remarks Mónica da Rosa mdarosa@acams.org Page 8