Day 1 - Monday, September 30, 2019

7:45
Registration and Continental Breakfast
8:45
Conference Co-Chairs’ Opening Remarks
9:00
REGULATORS PANEL: Government Regulators Weigh in on Financial Crime Enforcement
10:15
Coffee & Networking Break
10:30
INDUSTRY THINK TANK: Senior Executives Discuss How to Face and Overcome Red-Hot Issues and Challenges in an Increasingly Complex World of Financial Crime
11:30

AUDIENCE EXCHANGE

CANNABIS: Pros and Cons of Banking Marijuana, CBD and THC Products
12:30

EMERGING TOPICS EXCHANGE

Networking Lunch
1:45

DYNAMIC POLLING

“WHAT WOULD YOU DO IF…” RISK MANAGEMENT SCENARIOS: Real-World Business Decisions
2:45
CYBERCRIME – A QUESTION OF WHEN, NOT HOW: The Latest Trends and Schemes, and How to React and Protect Your Organization
3:45
Coffee & Networking Break
4:00

AUDIENCE EXCHANGE SESSION

FCPA ACROSS THE GLOBE: How Multinationals are Responding to Updated DOJ Compliance Guidance and Readying Themselves to Optimize and Defend Their Anti-Corruption Program in Light of Emerging Challenges
4:45
SPOTLIGHT ON TRADE CONFLICTS: Optimizing Your Risk Profile in Light of Emerging Trade Developments
5:30
End of Day One

Day 2 - Tuesday, October 1, 2019

8:00
Continental Breakfast
8:40
Conference Co-Chairs’ Remarks
8:45

DYNAMIC POLLING

VIRTUAL CURRENCIES BANKING & REGULATING: Should You Do It? — How to Manage the Biggest Emerging Risks While Drawing the Benefits
9:45

AUDIENCE EXCHANGE

ECONOMIC SANCTIONS RECENT DEVELOPMENTS: Complying with Restrictions in Russia, Venezuela and Iran
10:45
Coffee & Networking Break
11:00
AML DEVELOPMENTS: The Latest Trends, Challenges and Opportunities
12:00
Networking Lunch
1:15

DYNAMIC POLLING

CASE STUDIES: TRANSACTION SCREENING INNOVATIONS – How to Increase Operational Efficiency While Maintaining Effectiveness
2:00
BUSINESS CONSIDERATIONS IN THE UNITED ARAB EMIRATES: How Do You Manage Risk?
2:30
FRAUD CASE STUDIES: How Bank Fraud Has Evolved
3:00
Coffee & Networking Break
3:15

AUDIENCE EXCHANGE SESSION

FINANCIAL CRIME INTEGRATION: How Economic Sanctions, AML, Cybercrime and Anti-Corruption Overlap and Interact — Where Your Priorities Should Lie
4:00
INVESTIGATIONS SPOTLIGHT: What to Do in the First Two Weeks Following the Discovery of a Breach
5:00
Conference Concludes

Day 1 - Monday, September 30, 2019

7:45
Registration and Continental Breakfast
8:45
Conference Co-Chairs’ Opening Remarks

Ben Arber
Head of Financial Crime Compliance, Commercial Banking
HSBC Bank USA, N.A.

Melissa Strait
Global Head of Financial Crimes
Stripe, Inc. (San Francisco, CA)

9:00
REGULATORS PANEL: Government Regulators Weigh in on Financial Crime Enforcement

Andrew C. Adams
Co-Chief, Money Laundering and Transnational Criminal Enterprises
U.S. Attorney’s Office, Southern District of New York

Richard P. Foelber
Chief, Office of Cooperative Enforcement
U.S. Commodity Futures Trading Commission (New York, NY)

Thomas P. Smith, Jr.
Assistant Regional Director, Division of Enforcement
U.S. Securities and Exchange Commission

Paul F. Roberts, Jr.
Securities Fraud Squad Supervisor
Complex Financial Crimes Unit, Financial Crimes Section

Federal Bureau of Investigation

Yoon Hi Greene
Deputy General Counsel and Senior Vice President
Federal Reserve Bank of New York

Katherine A. Lemire
Executive Deputy Superintendent – Consumer Protection and Financial Enforcement
New York State Department of Financial Services

Moderator:

Judith Alison Lee
Partner
Gibson, Dunn & Crutcher LLP (Washington, DC)

Senior government officials from the foremost financial crime agencies will discuss the most recent regulatory changes, enforcement and policy priorities of the past year. They will also provide insight into current issues such as:

  • Recent policy changes and announcements
  • Lessons learned from recent enforcement actions in the US and abroad
  • Best practices for industry on cooperating with enforcement agencies
  • How cases are built and how agencies coordinate amongst each other

10:15
Coffee & Networking Break
10:30
INDUSTRY THINK TANK: Senior Executives Discuss How to Face and Overcome Red-Hot Issues and Challenges in an Increasingly Complex World of Financial Crime

Wm. Clay Roberts
Deputy Global Head of Financial Crimes Compliance
Western Union (Denver, CO)

Court Golumbic
Global Head of Financial Crime Compliance
Goldman Sachs

Megan Prendergast Millard
Senior Managing Director
Guidepost Solutions LLC

During this special session, senior executives will share their views on financial crime in today’s global marketplace. The speakers will reveal their top concerns and predictions for staying ahead of the curve amid increasingly sophisticated criminal methodologies, money laundering techniques, and cybercrime schemes.

11:30

AUDIENCE EXCHANGE

CANNABIS: Pros and Cons of Banking Marijuana, CBD and THC Products

Sharon Cohen Levin
Partner
Sullivan & Cromwell LLP (New York)

Michael Greenman
Senior Vice President & Chief Counsel, AML and Economic Sanctions
U.S. Bank (New York, NY)

  • Major risks with providing banking services to marijuana-related businesses (MRBs):
    • Reputation
    • Breaking the law in a cross-border transaction (legalization in Canada)
    • How growing tension between state and federal legislations and rulings puts financial institutions in a bind
  • Roadblocks to legalization in NY and NJ: Why it matters for your company
  • Recent news (passing prospects) about the S.T.A.T.E.S. Act and S.A.F.E. Act
  • Possible implications if the U.S. Attorney General reinstates the Cole Memorandum

12:30

EMERGING TOPICS EXCHANGE

Networking Lunch

During lunch, participants will be seated on separate tables to discuss the hottest emerging topics. Sign up in advance for the table of your choice:

  • Virtual Currency
  • Artificial Intelligence
  • Banking Marijuana
  • Sanctions Compliance
  • Cybercrime

1:45

DYNAMIC POLLING

“WHAT WOULD YOU DO IF…” RISK MANAGEMENT SCENARIOS: Real-World Business Decisions

Micah Breimhorst
Senior Vice President, Head of Financial Crimes Governance and Oversight
Wells Fargo

Emma Monaghan
Managing Director – Deputy Head of Financial Crime
BlackRock

Katherine M. Sikora Nelson
Chief Compliance Officer, BSA/AML and OFAC Officer
Intesa Sanpaolo (New York, NY)

Moderator:

Sozi Pedro Tulante
Partner
Dechert LLP (Philadelphia, PA)

During this practical session, panelists will explore best practice approaches to deal with the most common, real-world business decisions that carry great risks. Each scenario will be presented via a hypothetical, followed by a step-by-step analysis of what to do – and, importantly, what not to do – should you find yourself in such a situation. Topics will include:

  • Should you walk away from a new business opportunity because of risk
  • Third party risk
  • CDD for suppliers and vendors
  • Outsourcing your risk assessment
  • Doing business with/in Iran

2:45
CYBERCRIME – A QUESTION OF WHEN, NOT HOW: The Latest Trends and Schemes, and How to React and Protect Your Organization

Christopher Johnson
Senior Manager, Financial Crimes Compliance
SWIFT (New York, NY)

William G. Rich
Senior Vice President
Kharon (New York, NY)
(Former U.S. Treasury Attaché to the United Arab Emirates and Sultanate of Oman, 2015-18)

Strategies to implement if your company has fallen victim to a cybercrime – now what?

  • Understanding the inner workings of cyberattacks and how to protect yourself and your company: Virtual currencies, encryption, Dark Web
  • Best practices for dealing with identity theft and data breaches
  • Why compliance teams should work closely with information technology teams
  • Best practices for working with regulators before, during and after a cybersecurity incident

3:45
Coffee & Networking Break
4:00

AUDIENCE EXCHANGE SESSION

FCPA ACROSS THE GLOBE: How Multinationals are Responding to Updated DOJ Compliance Guidance and Readying Themselves to Optimize and Defend Their Anti-Corruption Program in Light of Emerging Challenges

Elaine Banar
Managing Director, Global AML and Anti-Bribery & Corruption Head
Guggenheim Partners

Tarek Helou
Partner
Wilson Sonsini Goodrich & Rosati (Washington, DC)
(Former Assistant Chief, FCPA Unit Fraud Section, Criminal Division U.S. Department of Justice, 2014-2019)

Eduardo A. Santiago-Acevedo
Vice President and Senior Regulatory Counsel
Prudential Financial, Inc. (Newark, NJ)

  • Interpreting the DOJ’s recently updated guidance on FCPA compliance programs: What prosecutors are looking for now
  • Increased convergence of FCPA and OFAC due diligence requirements: How compliance officers are recalibrating their anti-bribery strategy
  • The risks of overlapping OFAC, DOJ, SEC and foreign enforcement actions for sanctions violations and bribery
  • The DOJ’s renewed emphasis “third-party management” and due diligence: Does it work in practice and how to make it truly preventative?

4:45
SPOTLIGHT ON TRADE CONFLICTS: Optimizing Your Risk Profile in Light of Emerging Trade Developments

Stacey Facter
Senior Vice President – Trade Products
BAFT

Nick Bigami*
Director, ICG Compliance – Trade
Citi (Oradell, NJ)

How to mitigate trade-based money laundering (TBML) and related risks:

  • Underwriting and insuring
  • KYC
  • China (export controls, CFIUS transactions)
  • National security concerns and terrorist financing

5:30
End of Day One

Day 2 - Tuesday, October 1, 2019

8:00
Continental Breakfast
8:40
Conference Co-Chairs’ Remarks
8:45

DYNAMIC POLLING

VIRTUAL CURRENCIES BANKING & REGULATING: Should You Do It? — How to Manage the Biggest Emerging Risks While Drawing the Benefits

Grant P. Fondo
Partner
Goodwin Procter LLP

Arnold Spencer
General Counsel
Coinsource (Dallas, TX)

  • Behind the enthusiasm: The biggest risks, even a potential bubble?
  • AML and sanctions guidance
  • FinCEN’s view on when an ICO constitutes a security and what this means for you
  • Anticipating the heft of DFS’s new cybersecurity unit
  • As a customer, what kind of controls are necessary
  • Steps to take once you have exited the virtual currency business: Closing old business and terminating existing customers who deal with virtual currency
  • How to prevent the use of mule accounts used to benefit from online fraud: Preventing that your bank is being used to facilitate fraud via illicit transfers and transactions
  • Blockchain
  • E-commerce companies are creating their own currencies and attempting to “back it” with $ resources

9:45

AUDIENCE EXCHANGE

ECONOMIC SANCTIONS RECENT DEVELOPMENTS: Complying with Restrictions in Russia, Venezuela and Iran

Kerri-Ann Bent
Americas Head of Sanctions
UBS (New York, NY)

Brenton Petersen
Managing Director, Head of Risk Oversight (OFAC Sanctions), Global Financial Security U.S.
BNP Paribas (New York, NY)

  • New OFAC framework for sanctions compliance programs (SCP): Main implications for multinationals’ business operations
  • Strategies for complying with increased sanctions on Venezuela
  • Will the EU pull out of the JCPOA?
  • How to apply the 50% rule when doing business in Russia
  • Cross-industry guidance and practical implications of “encouraging” risk-based sanctions compliance but “not requiring” it
  • Which industries are at greater risk of violating sanctions restrictions?
  • The biggest risks and pitfalls with ownership of subsidiaries

10:45
Coffee & Networking Break
11:00
AML DEVELOPMENTS: The Latest Trends, Challenges and Opportunities

James Short
Global Head of AML/ATF for Global Banking and Markets
Scotiabank

Daniel Stipano
Partner
Buckley Sandler LLP (Washington, DC)

Melissa Strait
Global Head of Financial Crimes
Stripe, Inc. (San Francisco, CA)

  • Customer Due Diligence (CDD) one year after FinCEN guidance: Ongoing implementation and best practices from companies who have adjusted successfully
  • Beneficial ownership
  • FATF Guidance
  • The difficulty of complying with multiple AML jurisdictions and standards across the globe (e.g., USA, Singapore, EU’s 4th and 5th directives, Cayman Islands)
  • Tailoring your AML strategy to your company’s unique needs via jurisdictional analysis
  • FinTech and RegTech
  • Existing technology to tackle financial crime (OCC “Office of Innovation”)

12:00
Networking Lunch
1:15

DYNAMIC POLLING

CASE STUDIES: TRANSACTION SCREENING INNOVATIONS – How to Increase Operational Efficiency While Maintaining Effectiveness

Don Carbaugh
Managing Director, Global Head of Financial Crimes Compliance Testing and Issues Management Departments
MUFG (New York, NY)

Melissa Strait
Global Head of Financial Crimes
Stripe, Inc. (San Francisco, CA)

  • Applying OFAC’s 50% rule in the real world
  • Best practices for restricted party screening for financial institutions and companies
  • Practical issues when dealing with parties on OFAC’s Sectoral Sanctions Identification (SSI) and Specially Designated Nationals (SDN) lists
  • How to handle companies with a CEO or Director on the SDN list
  • Artificial Intelligence pilot program and how AI makes screening smarter
  • False Positives: Best practices for enhancing accuracy of your screening process
  • Why human intelligence cannot be completely replaced

2:00
BUSINESS CONSIDERATIONS IN THE UNITED ARAB EMIRATES: How Do You Manage Risk?

Lester Joseph
SVP, Global Financial Crimes Intelligence Group
Wells Fargo

The UAE, with its strategic location in the Middle East, including its proximity and ties to Iran and other countries in the Gulf, presents a wide variety of financial crimes and sanctions risks. How does an international financial institution assess and manage the risks of doing business in this area? This session uses the UAE as a case study for identifying and understanding the risks of this dynamic region of the world.

  • Money Laundering
  • Trade
  • Sanctions Evasion

2:30
FRAUD CASE STUDIES: How Bank Fraud Has Evolved

Ben Arber
Head of Financial Crime Compliance, Commercial Banking
HSBC Bank USA, N.A.

This special session will feature practical illustrations and analyses of multiple case studies. The expert speaker will cover multiple fraud risk typologies – including well-known areas such as lending, check and trade fraud, as well as more recent cyber-related fraud and business email compromise schemes.

3:00
Coffee & Networking Break
3:15

AUDIENCE EXCHANGE SESSION

FINANCIAL CRIME INTEGRATION: How Economic Sanctions, AML, Cybercrime and Anti-Corruption Overlap and Interact — Where Your Priorities Should Lie

Nora Lovell Marchant
Global Compliance Counsel
American Express Global Business Travel

Justyna Gudzowska
Executive Director and Financial Crime Counsel
Morgan Stanley

Bahman Farahdel
Global Head of Sanctions and Anti-Bribery/Anti-Corruption
Bloomberg L.P.

Andrew R. Golden
Director, Assistant General Counsel
Capital One (McLean, VA)

  • Strategies to manage financial crime effectively in your organization
  • How companies are weighing and managing interrelated risk factors
  • Best practices for working with cross functional teams in your organization
  • How to achieve economies of scale
  • Cross-functional coordination: Using AML resources to conduct sanctions investigations

4:00
INVESTIGATIONS SPOTLIGHT: What to Do in the First Two Weeks Following the Discovery of a Breach

Allen G. Love
Global Head, Fraud Risk Management and Global Security & Investigations
TD Bank

  • A breach has been detected: Now what?
  • Who do you contact for help and advice?
  • When and how to contact the authorities, and which ones?
  • What protections exist for your company?

5:00
Conference Concludes