Day 1 - Wednesday, January 23, 2019

7:45
Registration Begins & Continental Breakfast
8:30
Co-Chairs Opening Remarks
8:45

Interactive Industry Think-Tank

What’s Keeping the Insurance Industry on its Toes in 2019?
9:30

Enforcement Trends in Insurance Regulation

Regulator Expert Panel & Q&A
10:45
Networking Break
11:00

Recent Trends in Global Sanctions

Spotlight on Iran
12:15
Networking Luncheon for Attendees & Speakers
1:15
Report on Russian, Venezuela and North Korea
2:15
Networking Break
2:30

Recent Trends in AML

FATF’s Revised Guidance on the Risk-Based Approach for the Life Insurance Sector
3:00
Best Practices Compliance Exchanges
4:00

Regulator Q & A Session

Interactive Q & A with Former OFAC Officials
4:30
Champagne Roundtables
5:00
End of Day One

Day 2 - Thursday, January 24, 2019

8:00
Continental Breakfast
8:40
Co-Chairs Opening Remarks
8:45

Emerging trends in AML & OFAC Compliance

Regulator Roundtable & Interactive Q & A
9:30

Focus on Risk Management

Money Laundering & Fraud Prevention through Effective Detection, Reporting & Enhanced Due Diligence Compliance Training
10:15
Networking Break
10:30

AML & OFAC Best Practices

Suspicious Transaction Monitoring & Screening
11:15

Financial Intelligence for Insurers

Emerging Threats & Modern Modes of Financial Crime Related to AML & Sanctions
12:00

1 CLE Ethics Credit

Ethical Dilemmas in AML & Sanctions Compliance
1:00
Main Conference Ends

Day 1 - Wednesday, January 23, 2019

7:45
Registration Begins & Continental Breakfast
8:30
Co-Chairs Opening Remarks

Kevin Askew
Chief Anti-Money Laundering Officer and Chief Financial Crimes Officer, Global Compliance
Manulife (Boston, MA)

Gina Jones
Lead Director and Chief Financial Crime Officer
AXA US (New York, NY)

8:45

Interactive Industry Think-Tank

What’s Keeping the Insurance Industry on its Toes in 2019?

Chris Po-Ba
Policy Manager, Compliance & Financial Crime
Lloyd’s (London, UK)

Damian Sepanik
Chief Compliance Officer
Zurich North America (Schaumburg, IL)

L. Brent Kessler
Vice President, Associate General Counsel & Senior Legal Counsel – P&C
SCOR Reinsurance Company (New York, NY)

Join this panel of seasoned experts for an overview of the insurance industry’s most topical and pressing issues relating to AML & Sanctions, including:

  • How to tailor your policies, procedures and internal controls to prevent your organization from prevalent and emerging AML risks
  • Discussion on how government oversight has been shifted into even higher gear
  • Examples of heightened regulatory expectations – i.e. AML requirements and implications for the insurance industry
  • Hot topic: Marijuana related businesses – dilemma for FI’s: should we provide them with services?
  • Discuss incorporating insurance agents and brokers into your AML compliance program
  • Conducting an effective risk-based review
  • Guidance on navigating the complex global sanctions ecosystem
  • Strategies to strengthen your AML & OFAC compliance programs

9:30

Enforcement Trends in Insurance Regulation

Regulator Expert Panel & Q&A

Matthew L. Levine
Executive Deputy Superintendent – Enforcement
New York State Department of Financial Services (New York, NY)

Christopher Conroy
Chief, Major Economic Crimes Bureau
New York County District Attorney’s Office (New York, NY)

Moderator

Sharon Cohen-Levin
Partner
WilmerHale (New York, NY)

Hear directly from the prominent regulators on what is currently top of mind for regulators of the insurance and re-insurance industries followed by an interactive Q&A session. Topic coverage will include:

  • Learn what the regulator’s top enforcement priorities are for 2019
  • Recap and analysis of most recent enforcement actions – invaluable lessons learned
  • New wave of investigations and sanctions
  • Main trends currently in the insurance and the reinsurance markets
  • Regulatory perspective on emerging risks such as blockchain, artificial intelligence and other technological platforms
  • Enforcement of sanctions related to Significant Malicious Cyber-Enabled Activities – Russia Cyber-related designations

 

10:45
Networking Break
11:00

Recent Trends in Global Sanctions

Spotlight on Iran

Joshua Mater
Senior Sanctions Coordinator, Office of Economic Sanctions Policy and Implementation
U.S. Department of State

Ben I. Omorogbe
Vice President & Group General Counsel
Travelers (St Paul, MN)

Stephen J. Shine
Chief Regulatory Counsel
Prudential (Newark, NJ)

David Brummond
Of Counsel
Jacobson Burton Kelley PLLC (Washington, DC)

Scott Horton
Associate General Counsel, Global Head of the Financial Crimes Group Global Legal, Compliance and Regulatory
AIG (New York, NY)

Robert P. Walsh
Global Financial Crime Officer
AXA Group (New York, NY)

Part i): How to Deal with the Aftermath of Nov. 4th, Secondary Sanctions: Key Compliance & Regulatory Concerns for the Insurance Industry

  • Examination of U.S. sanctions against Iran and snap back impacts
  • Trump’s decision to withdrawal from nuclear arms control deal – immediate and foreseeable impacts?
  • Assessing the impact of secondary sanctions and the implications on the insurance industry
  • Conformance to evolving global standards and resulting conflicts of laws
  • Post wind-down date compliance check in

 

Part ii): Dealing with Evolving Sanctions in an Era of Anti-blocking Measures

  • Overview on the blocking regulation: elements and main blocking measure
  • Practical implications of the blocking regulation
  • Dealing with evolving sanctions in an era of anti-blocking measures and the resulting conflicts of law

12:15
Networking Luncheon for Attendees & Speakers
1:15
Report on Russian, Venezuela and North Korea

Inna Tsimerman
Chief Privacy & International Trade Counsel
Marsh & McLennan Companies (Chicago, IL)

Peter G. Feldman
Partner
Dentons (Washington, DC)

  • Examination on U.S. sanctions against Russia and navigating the current terrain
  • Consequences of the April 6 expansion of OFAC designations under Russian related sanctions
  • Analysis of regulatory gaps and key compliance challenges
  • Russian cyber sanctions and countering emerging threats
  • Venezuela-related sanctions paving the collapse of a crisis ridden country
  • Keeping North Korea on the radar — do we continue to identify the DPRK as a sanctions hot-spot?

2:15
Networking Break
2:30

Recent Trends in AML

FATF’s Revised Guidance on the Risk-Based Approach for the Life Insurance Sector

Kevin Askew
Chief Anti-Money Laundering Officer and Chief Financial Crimes Officer, Global Compliance
Manulife (Boston, MA)

  • Direct Impacts of revised guidelines on Insurance Industry
  • How the requirements apply beyond life insurance – reinsurance, broking?
  • Relevant risk factors for ML/TF risk

3:00
Best Practices Compliance Exchanges

Ben I. Omorogbe
Vice President & Group General Counsel
Travelers (St Paul, MN)

Max Bolstad
Vice-President, Global Anti-Money Laundering & Privacy Officer
New York Life Insurance Company (New York, NY)

A) Commercial Property & Casualty Insurance

B) Life Insurance

C) Maritime Insurance

4:00

Regulator Q & A Session

Interactive Q & A with Former OFAC Officials

Participate in this dedicated Q&A session led by OFAC. You will have the opportunity to submit your questions in advance

4:30
Champagne Roundtables

End the day informally and you discuss the latest industry developments with your peers.

5:00
End of Day One

Day 2 - Thursday, January 24, 2019

8:00
Continental Breakfast
8:40
Co-Chairs Opening Remarks
8:45

Emerging trends in AML & OFAC Compliance

Regulator Roundtable & Interactive Q & A

Moderator

James Slear
Partner
Thompson Coburn LLP (Washington, DC)

In this session, prominent regulators will discuss all of the latest and emerging compliance trends related to AML & Sanctions that are currently impacting the insurance industry, followed by an interactive Q&A.

Topic coverage will include:

  • Why a tick-box approach to AML & Sanctions compliance is not enough
  • Guidance re certifications for AML compliance programs and functions
  • The convergence of compliance between cybersecurity & AML requirements
  • Marijuana businesses – whether or not FI’s should provide services?
  • Regulation on the transfer of risk
  • Cyber risk as a principle risk for insurers and reinsurers
  • De-risking – ongoing challenges
  • Regulatory support – how are the regulators supporting the industry in their compliance efforts?

 
*denotes invited

9:30

Focus on Risk Management

Money Laundering & Fraud Prevention through Effective Detection, Reporting & Enhanced Due Diligence Compliance Training

Max Bolstad
Vice-President, Global Anti-Money Laundering & Privacy Officer
New York Life Insurance Company (New York, NY)

Becki Laporte
Vice-President, Anti-Money Laundering Officer
Advisor Group (Atlanta, GA)

Gina Jones
Lead Director and Chief Financial Crime Officer
AXA US (New York, NY)

This session will provide an in-depth overview and competency on the following:

  • How to implement a global approach to KYC for U.S. based FI’s operating across jurisdictions
  • Recent KYC Tilt – revised requirements
  • FinCen’s Customer Due Diligence rule – beneficial ownership requirements
  • Advanced CDD & EDD Training for FI’s
    • Applying a risk-based approach to determine thresholds
    • Full-proofing procedures
    • Conducting a robust risk assessment

10:15
Networking Break
10:30

AML & OFAC Best Practices

Suspicious Transaction Monitoring & Screening

Charles Smith
Vice-President, AML & OFAC
Prudential Financial (Newark, NJ)

Andrew Davies
Vice President, Global Market Strategy, Financial Crime Risk Management
Fiserv (New York, NY)

Debra Hernesh
Director, AML
Prudential Financial (New York, NY)

  • Suspicious Transaction monitoring best practices
  • Red flag monitoring, identification and response compliance training
  • Screening best practices
  • Intersection of screening: US & Non-U.S. Sanctions
  • Reducing your risk: new technologies and emerging innovation solutions

11:15

Financial Intelligence for Insurers

Emerging Threats & Modern Modes of Financial Crime Related to AML & Sanctions

Ross Delston, CAMS
Attorney + Expert Witness
Law Office of Ross Delston (Washington, DC)

Carlton M. Greene
Partner
Crowell & Moring LLP (Washington, DC)

  • The threat and regulatory aspects of cryptocurrencies: FinCEN and OFAC guidance on cryptocurrency; state actor use of cryptocurrencies; anonymity in exchanges and tokens; treatment of tokens as virtual currency versus securities or commodities; enforcement; BTMs; and the international standards of the Financial Action Task Force (FATF) 40 Recommendations
  • Fintech: What are the Federal banking regulators doing and why are they doing it – Federal and state law challenges
  • Real estate: The solution of choice for money laundering on a global scale – civil forfeiture cases (e.g. Prevezon, 1MDB); Geographic Targeting Orders (GTOs); potential for rulemaking in the real estate space

12:00

1 CLE Ethics Credit

Ethical Dilemmas in AML & Sanctions Compliance

Will Schisa
Counsel
Davis Polk & Wardwell LLP (Washington, DC)

This session will discuss various ethical issues that arise during AML and Sanctions compliance. Discuss best practices for when to make a voluntary disclosure to the government.

1:00
Main Conference Ends