JANUARY JUNE 2018
ACAMS webinars provide much needed industry dialogue. It is great to be able to get your questions answered and form discussions with a variety of financial institutions. Everyone s perspective and experiences help to clarify the next steps needed to be taken at your own institution in preparation for regulatory change. Nicole Murray Compliance Manager Golub Corporation
TABLE OF CONTENTS No matter your industry, role or institution type, you will find AML training to fit your needs with ACAMS webinars. About ACAMS Webinars 4 Learning Tracks 5 Event Calendar 6 January Webinars 8 February Webinars 10 March Webinars 12 April Webinars 15 May Webinars 18 June Webinars 21
ABOUT ACAMS WEBINARS ACAMS webinars provide a convenient, cost-effective method of delivering mandated AML training without the hassle and added expense of leaving the office. Focused on providing practical knowledge and industry updates, ACAMS webinars offer low-cost, high-quality training for your entire compliance staff. Stream live webinars from your desktop or share them on a screen with your entire department and earn CAMS credits in the process. In this guide, you will find a six-month lineup of events with learning objectives.
LEARNING TRACKS Investigations In today s world of near limitless electronic resources, it can be a real challenge to find your starting point in a financial crime investigation. Additionally, it is also easy to get lost in digital data and lose sight of the powerful intelligence that can be gathered by creating strong relationships with law enforcement. The Investigations Learning Track combines the latest best practices for intelligence gathering with the deductive reasoning skills needed to connect the dots in any investigation. Global Perspectives Understanding global anti-money laundering (AML) and counter-terrorist financing (CTF) standards is paramount to the success of every compliance function and department. Improving global AML/ CTF compliance requires an ongoing process that identifies regional trends and typologies in order to prevent financial crime and protect your institution from criminal attacks. The Global Perspectives Learning Track homes in on regional issues and provides global solutions to tackling these challenges. Regulatory Updates Each year compliance professionals peg regulatory changes as the biggest problem faced in their departments due to an era of constant change as an array of new regulations are implemented. How will the new EU directive change the requirements for my department? How will FinCEN s beneficial ownership changes alter the way I perform due diligence? What sanctions changing are coming and how do I prepare for them? This learning track takes an interpretive approach to these challenges, making it easier to understand how they affect your institution. Compliance Strategies Year after year, the anti-money laundering (AML) community is witness to new reforms and compliance standards, added regulatory pressures and increasing enforcement actions. The question you now must ask yourself is this: Am I up to speed for 2017? The Compliance Learning Track provides practical insights including how to critically analyze your current compliance program, preparing for proposed changes coming down the pipeline, and accurately making adjustments based on new regulatory developments and expectations Financial Crime Trends When it comes to money laundering, cash is king, but with advances in cybercrime, virtual currencies, sophisticated trade-based money laundering schemes and a host of new criminal funnels, it s mandatory to remain on top of the newest trends impacting the compliance community. The Financial Crimes Trends Learning Track highlights. Case Study Oscar Wilde once said that experience is simply the name we give our mistakes. This holds particularly true of the knowledge we glean and share from our own compliance errors and also our successes. Ripped from the financial crime headlines and dissected over two hours, the case study learning track delivers real-world knowledge and insight. From missteps to innovations, you will take away proven tools tested in the field to reinforce your own compliance efforts. Risk Management A risk-based approach is the gold standard among compliance professionals when it comes to understanding and managing money laundering exposure. However, how do you develop a risk scoring methodology that s right for your institution? What are the consequences and complexities of derisking? The Risk Management Learning Track will take you down the path of understanding how risk management has, and continues to evolve. Sanctions The rise of extremist groups and recent sectoral sanctions have created new challenges for compliance professionals, and the stakes have never been higher. The Sanctions Learning Track explores the latest Office of Foreign Assets Control (OFAC) obligations, common mistakes made in sanctions management, and model testing strategies to help evaluate your sanctions program effectiveness and ensure sanctions compliance is a foundation of your program. Audit Time and again, regulators have cited deficient AML audit as a primary component of recent AML failures, pointing to a real need for AML auditors to be at the top of their game. Whether you are an AML auditor, independent tester or a compliance officer, this learning track will provide you with the savvy to conduct AML audits accurately and successfully.
Webinar Calendar JANUARY 24 Conducting an Effective Independent Audit of AML Compliance Programs JANUARY 30 Ethical Behavior, Financial Integrity and Governance Challenges in Sales Incentive Driven Environments FEBRUARY 7 The Future of Risk: Assessing, Documenting and Managing Trends That May Alter the Risk Landscape FEBRUARY 28 Caribbean Focus: Reviewing the Current State-of-Play on Financial Inclusion and De-Risking MARCH 9 FREE WEBINAR (APAC) APAC Focus: Building a Collaborative Approach between Public and Private Sectors MARCH 14 Taking a Deep Dive into Individual Sanctions Regimes and Effective Sanctions Management Unequivocally, the best single source for AML information. Alberto Flores Compliance Officer Plains Capital Bank MARCH 28 Detailing Best AML Practices for Preventing Elder Financial Exploitation APRIL 4 Coordinating Internal Cross-Cooperation Efforts among BSA/AML Units, Cyber Security and Information Technology APRIL 25 FinCEN Geographic Targeting Orders (GTOs) Connected to Real Estate Purchases 6
JANUARY JUNE 2018 APRIL 30 FREE WEBINAR (MENA) MENA Regulatory Update: FATF Mutual Evaluations, Ongoing Compliance Expectations and New Requirements MAY 9 Money Laundering and Terrorist Financing Risks in the Online Gaming Sector MAY 16 CTF and TBML: Identifying Questionable Transactions within Global Trade Businesses Investigations Financial Crime Trends Case Study Regulatory Updates Compliance Strategies Global Perspectives Risk Management Sanctions Audit MAY 30 Utilizing Data and Analytics Technology to Detect Signs of Human Trafficking JUNE 6 Banking Highly Complex and Diversified MSBs JUNE 8 FREE WEBINAR (APAC) APAC Focus: Adapting to Rapidly-Developing FinTech and RegTech Sectors JUNE 13 Developing Meaningful Key Performance Indicators (KPIs) and Key Results Indicators (KRIs) JUNE 20 Auditing Your Current Automation, Algorithmic and other Artificial Intelligence Systems JUNE 22 FREE WEBINAR ACAMS Midyear Review: 2018 Compliance Developments and Challenges 7
JANUARY 24 Conducting an Effective Independent Audit of AML Compliance Programs Intermediate - Advanced Whether a small or large-sized financial institution, money service business (MSB), credit union, securities or insurance firm, it is essential that AML professionals within these organizations can handle the nuances of audit functions, testing, validation procedures and internal controls. As the last line of defense against various AML and sanctions violation risks, the audit function ensures that compliance controls are risk-ready. During this webinar, compliance professionals will share best practices for conducting an effective independent audit, including identifying compliance gaps and prescribing attainable steps for implementation. Compliance Officers Senior Management Risk Managers Industry Consultants North America Securities MSB Differentiating various stages of an independent audit based on specific sectors, including a thorough review of program documents and steps for identifying control gaps Creating a detailed audit risk assessment methodology for various financial entities including banks, credit unions, MSBs and securities firms Discussing the importance of creating an internal control function within each unit or department Developing realistic and attainable action steps for implementation that serve institutional interests 8
Ethical Behavior, Financial Integrity and Governance Challenges in Sales Incentive Driven Environments JANUARY 30 Recent record-breaking enforcement actions have created a new pressure for compliance professionals to maintain regulatory and ethical standards with regard to their financial institutions sales and incentives practices. During this webinar, professionals will detail the fundamentals for building a culture of compliance in a sales driven environment and provide practical strategies for balancing ethical, professional, regulatory and institutional interests. All Defining how ethical behavior, financial integrity and governance challenges relate to AML Reviewing lessons-learned from recent high-profile cases regarding improper sales and incentives practices Developing programs that bolster an ethics and compliance culture including a focus on tone at the top and a centralized corporate structure Analyzing case studies referencing the G20/OECD Principles of Corporate Governance Compliance Officers Legal Advisors Senior Management Risk Managers Industry Consultants North America Securities MSB 9
FEBRUARY 7 The Future of Risk: Assessing, Documenting and Managing Trends That May Alter the Risk Landscape All The risk landscape is rapidly evolving due to regulatory expectations and emerging technologies. To meet the challenges, financial institutions must up their game to achieve greater efficacy in risk management. During this webinar, panelists will analyze trends that are shaping the risk landscape for compliance professionals, including how financial institutions are responding to the future of risk, and offer practical strategies to enhance risk management capabilities. Compliance Personnel Risk Management Officers Industry Consultants Automating processes to keep up with emerging threats and enhance AML risk management Staying ahead of emerging risks with effective SAR/ STR analytics and control assessments Reviewing case studies highlighting not so obvious red flags to improve identification and management of these risks North America MSB Securities 10
Caribbean Focus: Reviewing the Current State-of-Play on Financial Inclusion and De-Risking FEBRUARY 28 De-risking correspondent banking relationships, ultimate beneficial ownership (UBO) reporting, and effective information sharing are just some of the challenges compliance experts in the Caribbean currently face. This webinar will detail compliance hurdles in the Caribbean including practical strategies for managing AML/CFT risks and heightened regulatory requirements. All Analyzing recent trends, expectations and requirements impacting Caribbean compliance professionals Reviewing the current state-ofplay on financial inclusion and de-risking in the Caribbean Tailoring business models and AML policies to meet correspondent bank risk tolerance standards Detailing Trinidad and Tobago, Jamaica, Belize, Bahamas, and other Caribbean jurisdictional requirements to aid UBO and ensure compliance with regulatory obligations Compliance Officers Risk Managers Industry Consultants Onboarding Managers Caribbean MSB 11
MARCH 9 10:00 11:00 AM HKT FREE WEBINAR - APAC APAC Focus: Building a Collaborative Approach between Public and Private Sectors All Identifying and addressing financial crimes, including those associated with human trafficking, narcotics, terrorist financing and fraud, requires collaboration. Successful public-private partnerships enhance investigation outcomes by allowing both sectors to share the latest trends in financial crime. This webinar will look at joint investigations and offer insights on how banks can provide assistance to law enforcement in the fight against financial crime. Our panelists will also provide strategies for conducting a joint post-investigation review to determine best practices for future collaborative efforts Law Enforcement Compliance Personnel Industry Consultants Legal/Regulatory Advisors Detailing recent APAC initiatives in public-private partnerships such as the Fraud and Money Laundering Intelligence Taskforce (FMLIT) in Hong Kong and the Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership (ACIP) in Singapore Incorporating practical collaboration strategies to better detect, deter and defend APAC financial institutions against financial crimes Detailing APAC legal obligations and the limitations of publicprivate collaboration to prevent missteps APAC Public Sector 12
Taking a Deep Dive into Individual Sanctions Regimes and Effective Sanctions Management MARCH 14 Recent sanctions designations targeting Russia, Cuba, Venezuela, North Korea and Iran present unique challenges for compliance professionals as they cope with rapidly changing geopolitical events. Identifying appropriate policies and procedures, as well as problems likely to arise while trying to comply with sanctions regimes, are critical for effectively managing your financial institutions sanctions risk. Panelists will take a deep dive into current sanctions designations and provide practical, riskbased approaches for creating effective sanction programs. Intermediate - Advanced Reviewing recent sanctions initiatives involving Russia, Cuba, Venezuela, North Korea and Iran Creating objective metrics to mitigate sanctions risks linked to OFAC program changes, accounting for geography, entity profile, business products and transaction patterns Analyzing examples of acceptable and unacceptable transactions under the various sanctions regimes Conducting an OFAC risk assessment to determine potential sanctions-related issues for each sanction program and correct potential gaps Sanctions Risk Officers and Managers Compliance Managers General Counsel Compliance IT Teams North America Securities Insurance 13
MARCH 28 Detailing Best AML Practices for Preventing Elder Financial Exploitation All Each year, older adults and vulnerable people of all ages lose more than $3 billion to exploitation, with financial institutions losing $1 billion in deposit fraud. Adults over 50 years old control more than 70 percent of the United States wealth, which is why this group remains a popular target for criminals using new tactics to abuse and financially exploit retiring baby boomers and the growing number of older and vulnerable adults. Join our panelists as they review typologies, warning signs and reporting barriers; analyze recent case studies and detail legal remedies to address exploitation. Relationship Managers Onboarding Officers Internal Investigations Personnel North America Securities Reviewing current policies, procedures and training to ensure they identify and report transactions tied to crimes against older and vulnerable adults Analyzing typologies and red flags including transactions that are inconsistent for older adults or uncharacteristic attempts to wire large sums of money Ensuring proper handling of client finances through effective due diligence, monitoring, early detection and reporting on designated fiduciaries Establishing relationships with law enforcement to investigate alerts and gain insights into financial exploitation trends 14
Coordinating Internal Cross- Cooperation Efforts among BSA/ AML Units, Cyber Security and Information Technology Cybercrime has become a major concern for financial institutions worldwide. The growing number of cyber-attacks requires collaboration among BSA/AML, fraud and information technology (IT) professionals to identify, report and mitigate cyber-enabled crime. Our panelists will discuss policies and procedures that will facilitate enterprise wide efforts, as well as practical strategies for recovering from and even preventing cyber hacks. APRIL 4 Intermediate - Advanced Incorporating practical strategies to foster collaboration among BSA/AML, cybersecurity and IT professionals Reviewing case studies and models that enhanced collaboration and sharing of information enterprise wide Analyzing recent regulatory and law enforcement initiatives requiring financial institutions to increase collaboration efforts Compliance Officers Information Technology Cyber-related Personnel Risk Managers Industry Consultants North America 15
APRIL 25 FinCEN Geographic Targeting Orders (GTOs) Connected to Real Estate Purchases Intermediate - Advanced With nearly 78 percent of real estate transactions in the United States required to comply with the Bank Secrecy Act s (BSA) requirements, professionals dealing with real estate transactions must keep current with money laundering risks associated with certain real estate transactions. Title insurers, mortgage bankers and brokers, attorneys, escrow agents, and compliance officers can address these risks by identifying, addressing and reporting suspicious transactions. During this insightful webinar, our panelists will detail practical strategies to combat the exploitation of property markets to transfer and store illicit proceeds. Compliance Personnel Industry Consultants Risk Managers Business Advisors Real Estate Professionals Legal Departments Understanding new regulatory standards and compliance requirements for real estate professionals, including Geographic Targeting Orders (GTOs) Reviewing lessons-learned from actual high-profile cases illustrating money laundering risks in the real estate sector Examining increasing model management expectations to adapt current AML models to unique systemic risks North America ing Real Estate providers Legal Auditing Regulatory Agencies 16
MENA Regulatory Update: FATF Mutual Evaluations, Ongoing Compliance Expectations and New Requirements Keeping up with regulatory changes as well as the ever-growing sophistication of money launderers and funders of terrorism is critical for financial institutions everywhere, no less in the Middle East and North Africa region. This webinar previews changes arising out of recent developments in the region with an emphasis on presenting concrete strategies for retooling existing compliance infrastructure and beefing up current compliance functions that are required to meet evolving regulatory expectations. APRIL 30 7:00-8:00 PM GST FREE WEBINAR - MENA All Identifying MENA regulatory initiatives, directives and trends to proactively develop and implement strategies for compliance and mitigating financial crime Examining how precious metals and stones from West Africa, especially diamonds, are used to launder the proceeds of crime Reviewing FATF s Mutual Evaluations findings and recommendations to identify your financial institution s risks and how they can be addressed while meeting the needs of business lines Risk Assessment Managers Law Enforcement Compliance Officers FCC Professionals Middle East / Africa /Financial Sector MSB 17
MAY 9 Money Laundering and Terrorist Financing Risks in the Online Gaming Sector Intermediate - Advanced Online gaming, including social gaming, mobile gaming, free-to-play and pay-to-play multiplayer gaming is expected to generate $1 trillion in total revenue by 2021. Vulnerable to some types of criminal exploitation arising from cross border activity, the use of alternative payment systems and ease of access to gaming sites, the online gaming segment and the risks it can pose continues to evolve in both size and complexity. Our panel of experts will provide up-to-date information on online gaming market trends, industry standards and regulations, and best practices to combat fraudulent players and activity. Gaming Industry Compliance Officers ers with Gaming Industry Clients Legal/Audit Advisors to Gaming Organizations Analyzing how online gaming is used by criminals to mask and launder money including gold farming, glitching and duping Examining recent case studies to determine applicable lessons for mitigating online gamingbased financial crime risks Tracing common typologies and detailing best practices to spot, combat and report suspicious online gaming activities Reviewing AML best practices for online gaming according to the American Gaming Association s Code of Conduct for Responsible Gaming North America Gaming/Casino ing Legal 18
CTF and TBML: Identifying Questionable Transactions within Global Trade Businesses MAY 16 One of the largest and most pervasive methods for laundering the proceeds of crime is trade-based money laundering (TBML). As a result, understanding and disrupting the flow of funds for terrorist organizations through trade-based money laundering has become fundamental for global financial institutions. This webinar will provide lessons-learned from recent case studies and practical strategies to help financial institutions stop money launderers and terrorist financers from using global trade to move illicit funds into the legitimate economy. All Reviewing emerging terrorist financing and TBML trends to identify monitoring challenges and ensure adequate resourcing to meet them Training staff to recognize transactional TBML red flags for terrorist financing such as under- and over-invoicing and accommodation trading Deploying advanced analytical and statistical techniques to elevate CTF and TBML comprehensiveness and efficiency Compliance Officers Risk Managers Industry Consultants AML and Transaction Monitoring Professionals Law Enforcement AML/CTF IT Specialists FIU/FCC Personnel North America MSB 19
MAY 30 Utilizing Data and Analytics Technology to Detect Signs of Human Trafficking Intermediate - Advanced Human traffickers generate hundreds of billions of dollars in profits worldwide by using violence, threats, deception, debt bondage, and other forms of coercion to force victims to engage in commercial sex or provide labor or services against their will. Compliance professionals are utilizing fraud detection technology that includes human trafficking alerts to combat this crime and identify new typologies. Our panel of professionals will discuss practical strategies for generating data and utilizing analytics to detect human trafficking. Law Enforcement FIU/FCC Team Members Compliance Officers All Lines of Business Information Technology North America Law Enforcement Detailing common human trafficking indicators revealed by AML monitoring to ensure data and analytics technology addresses most relevant institutional risks Uncovering trafficking activity using new detection tools including graphical maps and cross-institutional collaboration tools Outlining technology-enabled investigation and data collection practices to effectively support human trafficking-related suspicious activity report (SAR) filings 20
Banking Highly Complex and Diversified MSBs JUNE 6 Risks associated with highly complex and diversified money service businesses (MSBs) include an ever-changing customer base that engages in one-time transactions, cash transactions where the source of funds is unknown, and ever-changing product offerings, agents and business locations. Despite the risks, these complex MSBs can be successfully banked by employing specific mitigating factors and risk-based practices. Our panel of bankers and MSB operators will provide insight into the complicated but surmountable risks associated with highly complex and diversified MSBs. All Assessing risks of various complex and diversified MSBs such as money transmitters, check cashers, and issuers and redeemers of traveler s checks Designing a risk control framework for complex MSBs including internal controls, review of the MSB s controls, monitoring and reporting Auditing highly complex and diversified MSBs to ensure business models and AML policies meet risk tolerance standards Utilizing new tools and solutions developed specifically for complex MSBs and other cash intensive businesses Compliance Officers Risk Managers Industry Consultants Onboarding Managers North America MSB 21
JUNE 8 10:00-11:00 HKT FREE WEBINAR - APAC APAC Focus: Adapting to Rapidly- Developing FinTech and RegTech Sectors All FinTech and RegTech sectors throughout the APAC region are providing financial institutions with new and improved banking, payment and financing options. As a result, financial institutions have made technological innovation a priority with an eye to improving and expanding their product and service offerings without compromising compliance efforts. Our panel of experts will examine FinTech and RegTech developments throughout the APAC region, as well as practical approaches to undertake effective customer due diligence around FinTech products using emerging technology. Compliance Officers Industry Consultants Regulatory Representatives AML Information Technology Specialists Risk Assessment Managers APAC s FinTech/RegTech Creating risk profiles and identifying the unique risks of FinTech to ensure onboarding screening models are effective Reviewing specific KYC/ CDD challenges, including transaction monitoring, sanctions screening, fraud detection and other AML issues as they relate to technological innovation Closely monitoring shifts in the regulation of FinTech products, with an eye to harnessing innovations in RegTech to maintain a robust compliance program 22
Developing Meaningful Key Performance Indicators (KPIs) and Key Results Indicators (KRIs) JUNE 13 Compliance professionals must be able to gauge the efficacy of their transaction monitoring systems and processes. In addition, enhancing end-to-end transaction monitoring processes and overall compliance programs necessitates instituting meaningful metrics, including risk and performance indicators. This webinar will provide information for creating and using KRIs and KPIs that can indicate the effectiveness of your transaction monitoring system and compliance processes. Intermediate - Advanced Defining the differences between KRIs and KPIs in the transaction monitoring process including alert handling versus trends in alert backlogs Incorporating practical strategies to identify key KPIs and KRIs that are measurable, comparable and provide insight specific to the risk factor Conducting scheduled performance monitoring to assess the model for changes in risk profile, customer base and transaction base Formulating solutions for small to mid-sized institutions to effectively gather data for meaningful metrics Compliance Officers Legal Advisors Risk Managers Industry Consultants North America Securities MSB 23
JUNE 20 Auditing Your Current Automation, Algorithmic and other Artificial Intelligence Systems Intermediate - Advanced Now that artificial intelligence (AI), automation, algorithmic systems and other data-management technology are becoming more prevalent, many AML professionals question whether internal audit has the expertise and knowledge to test these AML systems. This timely and informative webinar will identify the expertise and knowledge needed to incorporate practical strategies for auditing your current automation, algorithmic and other AI systems. Compliance Officers Legal Advisors Risk Managers Industry Consultants Auditors Information Technology Understanding the role of audit in testing data-focused technology Acquiring auditing skills sets for increasingly complex automation, algorithmic and other AI systems Utilizing robotic process automation and cognitive intelligence to audit data flow to and from machine learning algorithms North America Securities MSB 24
ACAMS Midyear Review: 2018 Compliance Developments and Challenges JUNE 22 12:00 1:00 PM ET FREE WEBINAR Join us for this popular review of the important issues anti-financial crime, sanctions and anti-terror finance compliance professionals faced during the first half of 2018 and a look ahead at what should preoccupy their efforts in the latter half of the year. ACAMS Advisory Board members will join ACAMS moneylaundering. com Editor-in-Chief Kieran Beer as we assess the most important developments and challenges faced by the compliance community during the first half of 2018. All Compliance/Policy Officers Risk Managers Law Enforcement Regulators Securities MSB Law Enforcement 25
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