The fundamentals of AML

Apr 7, 2015 1:00pm -

Speakers

Angela Chartrand
Co-Founder
Sentinence

Jennifer Fiddian-Green CPA, CMA, CA-IFA, CFE, CFI, BA (Hons)
Partner & National Leader, Forensics and Dispute Resolution
Grant Thornton LLP

Examination preparedness – Are you ready for the risk-based compliance regime?

Apr 7, 2015 5:00pm -

Speakers

Caitlin Riddolls
AVP Global AML, North American Direct Channels
TD Bank Group

David Chesworth
CAMLO
Alterna Financial Group, Ottawa

Day 1 - Wednesday, April 8, 2015

7:30
Registration Opens and coffee is served
8:30
Opening remarks from co-chairs
8:45
Key trends in AML – Global movements and domestic developments
10:00
Networking refreshment break
10:15
Preparing for the implementing regulations under Bill C-31 – The key issues your organization will need to address in order to maintain compliance
11:15
Essential risk management and compliance considerations for every AML policy
12:15
Networking luncheon for speakers and delegates
1:15
An afternoon with the regulators
2:30
Networking refreshment break
2:45
Q & A with the regulators
3:15
Using analytics to your advantage
4:00
Sanctions – Best practices for preventing transactions from falling through the cracks
5:00
Closing remarks from co-chairs Conference adjourns

Day 2 - Thursday, April 9, 2015

8:25
Refreshments are Served
8:55
Opening remarks from co-chairs
9:00
Digital financial services and AML compliance
10:00
Networking refreshment break
10:15
The de-risking debate
11:15
Risk management and compliance essentials – Compliance at any size
12:15
Networking luncheon for speakers and delegates
1:15
Special address from the office of the privacy commissioner
2:00
Networking refreshment break
2:15
Closure – A law enforcement perspective of how your AML efforts are used to thwart criminals
3:15
FINTRAC compliance proceedings and appeals
4:15
Closing remarks from co-chairs
4:30
Forum concludes

Day 1 - Wednesday, April 8, 2015

7:30
Registration Opens and coffee is served
8:30
Opening remarks from co-chairs

Ron King
Senior Vice-President, Head of Corporate and Canadian Banking Compliance
Bank of Nova Scotia

Amber D. Scott
Founder & Chief AML Ninja
Outlier Solutions

8:45
Key trends in AML – Global movements and domestic developments

Rebecca Ip CPA, CA, CFF
Vice President
KPMG LLP

Panelists:

Emily Gordy
Chair, Financial Industry Regulatory Practice
Shulman, Rogers, Gandal, Pordy & Ecker P.A Formerly SVP of FINRA

Nicolas W.R. Burbidge
Senior Director, AML and Compliance Division
Office of the Superintendent of Financial Institutions

Ian Wright
Chief, Financial Crimes, Domestic
Department of Finance Canada

Steve Blackburn
Vice President, Chief AML Officer
CIBC (Toronto, ON)

Wontaek Lee CPA, CGA, CAMS
Chief Compliance Officer
Shinhan Bank Canada

Josée Nadeau
Senior Chief Financial Crimes-International - Financial Sector Policy Branch
Department of Finance

This session will examine Canada’s responses to global AML
developments and what they will mean for your organization.
Learn about emerging trends, opportunities, and threats, as well
as perceptions of regulation, cost, and the effectiveness of current
AML programs from KPMG’s Global AML survey.

Take a look at priorities for senior management, the global
approach, know your customer requirements, and transaction
monitoring.

The session will conclude with a panel discussing how Canada’s
approach to AML compares to other jurisdictions and compliance
challenges faced by regulated entities.

10:00
Networking refreshment break
10:15
Preparing for the implementing regulations under Bill C-31 – The key issues your organization will need to address in order to maintain compliance

The regulations implementing much of Bill C-31 will impact your
organization’s AML/ATF program. Find out how Bill C-31 will affect
you and your compliance program.

  • The new requirement for foreign MSBs providing services to
    customers in Canada to comply with Canadian AML regulations
    and register with FINTRAC
  • Defining domestic Politically Exposed Persons (PEPs)
    • Who is a high risk PEP?
    • Who can reasonably be known to be a close associate?
    • What is involved in EDD where an individual is identified
      as a high-risk domestic PEP
  • The impact of enterprise-wide information sharing on your
    AML policy

11:15
Essential risk management and compliance considerations for every AML policy

Lilly Di Felice
Associate Vice President, Global AML Policy, Training and Governance
TD Bank

Scott Driscoll
Vice President, Chief Compliance & Ethics Officer
Export Development Canada

  • Determining your organizational risk tolerance
  • Dealing with high-risk clients
  • Implementing continuous monitoring strategies that meet your
    compliance obligations
  • Tracing beneficial ownership – how far are you required to go?

12:15
Networking luncheon for speakers and delegates
1:15
An afternoon with the regulators

Moderator:

Jeffrey Graham
Partner
Borden Ladner Gervais LLP

Panelists:

Nicolas W.R. Burbidge
Senior Director, AML and Compliance Division
Office of the Superintendent of Financial Institutions

Bernard Gagné
Deputy Chief Compliance Officer, Compliance Relations and Support
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Hear directly from the regulators on the most pressing challenges
facing your organization.

  • Updates on regulatory changes
  • Clarifying the supervisory and examination strategies of OSFI
    and FINTRAC
  • Group-wide compliance
  • What to expect in paper and in-person examinations
  • Updates on OSFI guideline B-8
  • Advice to institutions for dealing with the risk-based approach
  • Regulatory expectations based on your business model

2:30
Networking refreshment break
2:45
Q & A with the regulators

This is your opportunity to engage directly with the regulators,
from OSFI and FINTRAC, and have any of your pressing questions
answered.

3:15
Using analytics to your advantage

Donald R. Monson
Senior Manager, Analytics, Economic & Statistical Consulting
Transactions and Business Analytics Deloitte LLP

Ian Scott
Advanced Analytics
Deloitte Forensics

Learn how leading edge technology and analytics are being used
internationally to monitor and model customer behaviour, and
spot anomalies.

  • The latest efforts in model validation
    • Transaction monitoring
    • Automated customer risk rating
  • Consistent monitoring and evaluation of transactions
  • Common red flags that can point to anomalous transactions
  • Managing the increasing cost of compliance through automation
  • Continuous monitoring for organizations of all sizes

4:00
Sanctions – Best practices for preventing transactions from falling through the cracks

Moderator

Ron King
Senior Vice-President, Head of Corporate and Canadian Banking Compliance
Bank of Nova Scotia

Panelists:

Keith McCormick
Senior Manager, Sanctions Compliance
BMO Financial Group

  • Emerging trends in sanctions compliance
  • Can you still be caught by sanctions if you are only indirectly
    involved in a transaction as a correspondent bank?
  • Beyond the list – How far do you have to go in determining
    whether an entity or individual involved in a transaction is
    subject to sanctions?
  • Using multiple lines of defense to manage your risk
  • Dealing with terrorist financing
  • Operationalizing sanctions enforcement over multiple
    jurisdictions
  • Addressing the dual challenges of transaction volume
    and publicly available information
  • Penalties for non-compliance
  • The future of EDD – ensuring that you are not dealing
    with sanctioned persons

5:00
Closing remarks from co-chairs Conference adjourns

Day 2 - Thursday, April 9, 2015

8:25
Refreshments are Served
8:55
Opening remarks from co-chairs

Ron King
Senior Vice-President, Head of Corporate and Canadian Banking Compliance
Bank of Nova Scotia

Amber D. Scott
Founder & Chief AML Ninja
Outlier Solutions

9:00
Digital financial services and AML compliance

Moderator:

Amber D. Scott
Founder & Chief AML Ninja
Outlier Solutions

Panelists:

Stuart Hoegner
Principal
Gaming Counsel Professional Corporation

Jillian Friedman
Attorney, Friedman Law
Counsel, The Bitcoin Embassy

P. Faisal Islam CAMS

Fintech Payments & Compliance Bolt, BlockSeer, KnowYourCountry.com

Carol Van Cleef
Partner
Manatt, Phelps & Phillips, LLP

Karen Williamson
COO
BitSent Inc.

With technology steadily advancing the mainstreaming of
cryptocurrencies and digital stores of value, “money” is now
moving globally outside of major FIs. Experts will discuss the shape
of practical solutions in the digital financial services industry.

  • Financial Technology (Fintech) – AML compliance within
    the growing Fintech industry – cryptocurrencies, payment
    processing platforms, and prepaid cards
  • Digital currencies and gaming – immediacy, privacy, and the
    security of payment
  • AML risks for online banks
  • The movement of digital stores of value globally
  • How digital financial service providers and FIs can work
    together to ensure AML compliance

    • Steps a DFS provider can take to illustrate thorough AML
      compliance to an FI
    • Reciprocally working with DFS providers for FIs
  • The evolution of policy and technology – What would a
    successful virtual currency regulatory regime look like? –
    Lessons from The Isle of Man and Malta

10:00
Networking refreshment break
10:15
The de-risking debate

Moderator:

Stephen Harvey
Harvey AML Advisory Inc.

Panelists:

Susan Han
Senior Legal Counsel
AUM Law

Robert Osbourne
Manager, Forensic Accounting and Investigative Services
Grant Thornton LLP

Joseph Iuso
CEO
UseMyServices

Striking the balance between an organization’s risk tolerance and
the cost of compliance is proving ever more difficult. This session
explores the challenges and potential solutions that FIs and clients
identified as high-risk can employ to ensure smooth working
relationships.

  • Steps you can take to satisfy yourself that high-risk regulated
    clients are meeting their compliance obligations
  • Communicating your organization’s approach to an FI to set
    clear expectations and forge strong relationships
  • Asking the right questions to bridge the gaps – steps both
    FIs and clients identified as high-risk can take to ensure
    appropriate risk assessments and monitoring procedures
    are in place
  • Working together to find mutually acceptable solutions

11:15
Risk management and compliance essentials – Compliance at any size

Michael Cosgrove
Executive Account Manager
Tamlo International Inc.

Dan Ruch
Vice-President and Chief Compliance Officer
Equitable Bank

Jonathan Krumins
Vice-President
AML Risk and Compliance vCAMLO Solutions Inc.

Explore the essentials of building a scalable AML/ATF program
for institutions of any size while ensuring your organization has a
culture of awareness from the ground up. This session is important
for institutions of all sizes, and essential for small to medium size
Financial Institutions, MSBs, dealers in precious metals and stones,
and other regulated entities.

  • Gain practical insights into how to build a sound and scalable
    compliance regime from its inception

    • What components are essential to comply with your
      FINTRAC and OSFI obligations?
    • How do you draft a compliant policy that your organization
      can follow without straining resources?
    • What steps can you take to ensure that, when your
      organization grows, your AML policy grows with it?
    • Effectively document compliance for examination
      preparedness
  • Creating a culture of compliance in your organization
    • Tips to strengthen training:
      • Understanding how money moves to facilitate
        money laundering
      • Spotting potential red flags

12:15
Networking luncheon for speakers and delegates

Keynote Address: "Targeted Sanctions in Practice"

Brian Raymaker
Associate Director, Risk Data Management
Accuity

Sponsored By:

1:15
Special address from the office of the privacy commissioner

Arun Bauri
Strategic Research Analyst
The Office of The Privacy Commissioner

Views from the Privacy Commissioner on :

  • The sharing and disclosure of personal information related
    to AML reporting requirements
  • Lessons learned from previous investigations and compliance
    activities undertaken by the OPC
  • Best practices related to outreach, education, and training

2:00
Networking refreshment break
2:15
Closure – A law enforcement perspective of how your AML efforts are used to thwart criminals

Sgt. Stephen Scott
RCMP Calgary Federal Policing
Serious and Organized Crime

Special Agent Kimberly Franks
Financial Institution Fraud Unit
Federal Bureau of Investigation

Law enforcement officials from both Canada and The United
States speak about their enforcement experiences dealing with
financial crimes.

  • Learn what types of criminal behaviour are most prevalent
    in Canada and the United States, and how you can help spot
    the red-flags
  • Real-life examples of how AML information collection
    and reporting efforts have been used by law enforcement
    to shut down criminal organizations

3:15
FINTRAC compliance proceedings and appeals

Jason Beitchman
Lawyer
Rueter Scargall Bennett LLP

Explore legal and procedural strategies available to reporting
entities after receiving a Notice of Violation, including making
representations to the Director of FINTRAC and appealing to the
Federal Court. This session will help stakeholders understand:

  • The statutory right to respond to a Notice of Violation
  • Confidentiality issues and the ‘name and shame’ list
  • Unpack the ‘due diligence’ defence
  • Recent developments in the Federal Court

4:15
Closing remarks from co-chairs
4:30
Forum concludes