GLOBALIZATION

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Conference Program MONday september 20th 3:30 pm – 4:15 pm Payments/Regulatory Breakout Session 3:30 pm – 4:15 pm Trade Services Breakout Session Payments Compliance – A Look Back & Future Challenges Banks have extensive controls over the movements of cash. They have created transparency in wire transfers, ATM transactions, stored value, debit and credit cards. What is the current state of activity in payments money laundering, and what can banks do next? Trade Compliance – A Look Back & Future Challenges What do the regulators expect from banks? The four main thrusts of trade compliance are: “Know Your Customer”, Sanctions Filtering of Proscribed Names, Looking for Red Flags During Processing and Post-production Suspicious Activity Investigation. How much can banks reasonably be expected to do to detect illegal activity? Alan Ketley Senior Vice President AML Compliance JPMorgan Chase Timothy Leary Senior Special AML Examiner Federal Reserve Board SPEAKER TO BE ANNOUNCED 4:15 pm – 5:15 pm General Session The Global Differences in KYC and Standards Lynda Cassell around the world Director CAAML, Regional Advisor, Governments around the world have adopted various standards Policy & Strategy for deterring money laundering activities in their local countries. ABN Amro Bank, NV “Know Your Customer”, in particular, is the subject of much debate and discussion. What and how much information does a financial institution need to gather to sufficiently know its international customers? Is it necessary to know the customers’ customer? What impact do foreign secrecy laws have on the “Know Your Customer” process? What is a reasonable level of due diligence when handling trade transactions for non-clients? These and others questions are just a few of the many dilemmas facing U.S. financial institutions providing international financial services. 5:15 pm – 6:30 pm Cocktail Reception (on Exhibit floor) TUESday september 21st 8:30 am – 9:00 am Morning Coffee (on Exhibit floor) 9:00 am – 10:00 am General Session A Look at US-Based Bank Examinations Ann Jadeake As the compliance requirements for financial institutions continue Deputy Comptroller of Compliance Policy to increase, so has the focus on the examination process by OCC regulators. Regulatory reform is expected to increase the examination focus. What do you need to know about the current examination process and what should you be preparing for in the future? 10:00 am – 10:30 am 10:30 am – 11:30 am Payments/Regulatory Breakout Session Networking Refreshment Break (Morning Drawings in Exhibit Hall) Payment Provider Update There are a number of new initiatives under way at both the Federal Reserve and The Clearing House. Extended Remittances will be here before you know it and new notification initiatives are being considered. What does this mean to you and how will your operations be affected? Come and hear from the experts how these and other programs will impact your daily operations. Lauren Hargraves Senior Vice President Federal Reserve Bank of NY Ray Mulhern SVP – Chips Product Management & Strategy The Clearing House 2010 BAFT-IFSA Annual Conference 2 www.baft-ifsa.com
Conference Program TUESday september 21st 10:30 am – 11:30 am Trade Services Breakout Session Guarantees and the Revised Uniform Rules for Demand Guarantees On July 1, 2010, the ICC’s revised Uniform Rules for Demand Guarantees came into force. Get an overview of the changes in the rules and the process of updating the previous rules from the Chair of the ICC’s URDG Drafting Group. George Affaki Head of Energy, Commodities & Project, Legal Affairs, BNP Paribas, France 11:30 am – 12:30 pm General Session Global Economic Trends Going Forward Dan North The global financial crisis in 2008 was a notable event in the history Chief Economist Euler Hermes of the world economy. Where is the world economy going next? What does the future look like in terms of growth, investment, stabilization, trade and payments? 12:30 pm – 1:45 pm 1:45 pm – 2:30 pm Payments/Regulatory Breakout Session 1:45 pm – 2:30 pm Trade Services Breakout Session 2:30 pm – 3:30 pm Vendor Exhibit (Lunch on Exhibit Floor) SWIFT Update Hear directly from SWIFT on YTD results, the new 2015 strategic plan, CGI (Common Global Implementation) of key business processes for payments/cash reporting and standards releases for 2010 and 2011. Learn the latest on the TSU and BPO as well as the new guarantee/standby LC messages. The Future of Trade and Supply Chain You’ve heard all the hype, now hear what the future holds from two subject matter experts who will create a two year “time capsule” with predictions for the future state of the current market. This information will be explained, captured and stored, thus tracking the progress of the industry - Will they be right or ridiculed? Networking Refreshment Break (Afternoon Drawings - Exhibit Closes) David Hennah Senior Product Manager, Supply Chain SWIFT James C. Wills Business Manager Standards SWIFT Thomas Nash CEO Xalles Limited Chris Principe Senior Manager Trade & Supply Chain ACI Worldwide 3:30 pm – 4:30 pm General Session Managing Multi-cultural Teams for Lester Owens Peak Performance Managing Director JPMorgan Chase In the 21st century, our clients and operations are globally and culturally dispersed. Technology has advanced sufficiently to enable us to meet clients’ needs globally with hybrid local and remote capabilities. The challenges before us are people-related with regard to providing customer service and managing staff of diverse cultures and backgrounds and in multiple time zones effectively for all of our stakeholders. 2010 BAFT-IFSA Annual Conference 3 www.baft-ifsa.com
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