Developing, Implementing, and Maintaining AML, Terrorism Financing and Fraud Deterrence Programs That Will Provide a Competitive Advantage and Pass Muster in Today’s Enforcement Environment, Without Negatively Impacting the Customer/User Experience

July 28, 2016 5:00pm

Thomas Firnhaber
Stonebridge Partners, LLC

Jeff Ross
Senior Vice President, BSA/AML/OFAC Officer
Green Dot Bank/Green Dot Corporation

William Voorhees
Head of FIU & High-Risk Business Management
Silicon Valley Bank

Susan Lea Smith
Senior Counsel, AML Compliance
Western Union

Sean Crabson
Senior Manager II, Regulatory Controls

Howard R. Fields
SVP/Group Head – AML, Trade Sanctions and Export Controls Compliance Counsel

  • Implications from and best practices relating to implementing automated AML and fraud tools
  • Opportunities for Fintech companies to develop robust AML and fraud prevention programs, allowing for a competitive advantage over banks and other Fintech companies that are behind the curve
  • Working with law enforcement to mitigate the risks of money laundering and fraud activities
  • Incorporating data analytics into your AML compliance initiatives
  • Striking the proper balance between AML compliance, fraud prevention, and the customer/user experience
  • Best practices for ensuring BSA compliance in the absence of clear guidance
  • Beyond BSA: what other statutes come into play when addressing AML requirements?
  • Best practices for identifying suspicious activity and filing SARs
  • Evaluating your current AML program and identifying gaps or weaknesses
  • Best practices for conducting an AML investigation
  • Determining which parties are responsible for which aspects of AML compliance
  • Working with retailers and other parties to acquire information necessary for AML compliance
  • Drafting contracts and agreements to enhance AML compliance
  • New FATF recommendations; controlling for PEPs
  • Asset forfeiture/seizure and its implications for emerging payment systems
  • Identifying and combating fraud relating to tax refunds and government benefits
  • Leveraging your AML program to detect fraud
  • Evaluating your current fraud deterrence program and identifying gaps or weaknesses
  • Assessing the effectiveness of product safeguards and techniques used to reduce occurrences of fraud and improve risk management