AMLAC & Fraud - IIR

AMLAC 

19th Annual 

& Fraud 

Anti-Money Laundering, Audit, Compliance and Fraud Forum 

Fraud, Compliance and Risk Management Solutions 

for Maintaining the Integrity of Global Financial Institutions 

October 19-21, 2009 

New York Marriott Marquis 

Times Square, New York 

Industry Leaders 

Bank 

Tim O’Neal Lorah 

MORGAN STANLEY 

Broker/dealer 

Jeff Horowitz 

Pershing LLC 

Community 

Bank 

Chuck Silverman 

The Beneficial Bank 

Legal 

Betty Santangelo 

Schulte, Roth 

& Zabel 

Asset 

management 

Jason Vazquez 

Deutsche Asset 

Management 

Hear your peers’ strategies for managing 

AML and financial crime issues such as: 

• Strategies for preparing your institution for potential structural changes due to 

regulatory reform 

• Tactics for preparing your staff to deal with future compliance requirements under 

the proposed Stop Tax Haven Abuse Act 

• Methods for customizing your AML & Fraud programs to respond to recent enforcement actions 

• Techniques for leveraging the synergies between anti-fraud and anti-money laundering efforts 

• Procedures for writing SARs that aid law enforcement while satisfying evolving 

regulatory requirements 

• Successful Approaches for handling OFAC procedures and policies to avoid fines 

New! 

TOWN HALL 

MEETING 

Share your compliance challenges and solutions with leading 

industry professionals, regulators and your peers in this interactive 

discussion session (see page 6 for details). 

BUILD RELATIONSHIPS WITH REGULATORS AND 

ENFORCEMENT TOWN AGENCIES HALL INCLUDING: 

MEETING 

Dennis Wood 


19th Annual 


OFAC 

Michael Rufino 

FINRA 


Suzanne Williams 

Federal Reserve Board 

Alan Sorcher 

FinCEN 

The Cost of Fraud 

John Wagner 

OCC 

Jeff Neiman 

US DOJ 

Rachel Rojas 

FBI 

Les Joseph 

US DOJ 

Insurance 

Mary Rand 

AXA Equitable 

Payments 

Jeff Ross 

Green Dot 

Corporation 

$140M 

$9B 

$13B 

*Media estimates as of June 2009 

Angelo Mozilo 

Allan Stanford 

Bernie Madoff 

Financial institutions and their customers have 

been hit with at least $20B in documented fraud 

losses in 2008 alone. 

Attend the 2009 AMLAC & Fraud Forum to learn 

how to strengthen your institution and safeguard 

your customers. 

www.amlac.com

19th Annual 

AMLAC & Fraud 


Welcome to the 19th Annual AMLAC & Fraud Forum! 

Bernie Madoff. Allan Stanford. Angelo Mozilo. These names alone highlight the 

breadth, depth and notoriety of financial fraudulent activity that has occurred over 

the past few years in the US alone. With the increasing visibility of financial crime, 

institutions must revisit and revise their anti-fraud and AML practices to safeguard 

their institutions, their customers, and satisfy more stringent regulations. 

I invite you to join me and more than 150 key compliance, risk management and fraud professionals at 

the 19th Annual AMLAC & Fraud Forum to find the most effective solutions for protecting your 

institution from illicit activity while complying with AML/BSA regulations, the USA PATRIOT ACT, and various 

industry-specific regulations. 

The AMLAC & Fraud Forum has been restructured to provide you with unparalleled access to key 

regulatory officials, industry practice leaders, and law enforcement professionals to help you strengthen 

your compliance programs and protect your institution from future fraudulent activity. 

Here are some of the key law enforcement and regulatory agencies that are scheduled to provide their 

insight, knowledge, and real-world case studies: 

US Department of Justice 

Internal Revenue Service 

Federal Bureau of Investigation 

Internal Revenue Service CI 

Financial Crimes Enforcement Network 

Office of the Comptroller of the Currency 

Federal Reserve Board of Governors 

Office of Foreign Assets Control 

FINRA 

Securities and Exchange Commission 

Perhaps most importantly, the AMLAC & Fraud Forum is your place to collaborate with your industry 

peers, not only in the sessions themselves, but through our Industry Roundtable Sessions, and in our 

interactive, in-depth workshops. We have also introduced our “Town Hall” meeting, which is designed to 

allow participants to raise and discuss issues that are most important to them, rather than issues deemed 

important by speakers or the conference organizer. 

It is imperative to seek out new strategies and solutions lest you suffer financial loss from criminal activity, 

fines for non-compliance, and significant damage to your firm’s reputation by letting illicit activity go 

unchecked. 

Reserve your place today to connect with more than 150 leaders from the world of compliance 

and security. 

I look forward to seeing you in October! 

Sincerely, 

Who Should Attend 

THE AMLAC & Fraud 

Forum? 

• Broker/Dealers and Securities Firms 

• Global, Private, and Foreign Banks 

• Life Insurance Carriers 

• Mutual Funds and Investment Companies 

• Money Service Businesses 

• Hedge Funds and their Administrators 

• Investment Managers 

• Investment Advisors 

• Trust Companies and Savings Banks 

• Private Equity Firms 

• Commodity Dealers and Exchanges 

• Credit Card Companies 

• Law Firms 

• Surveillance and Data Base Specialists 

• Software Providers 

• Consultants and Training Companies 

• Accountants and Auditors 

• Federal Government Agents and Analysts 

• Federal and State Regulators 

• Enforcement Agencies 

• AML and Fraud Departments 

Earn up to 19 CPE 

CREDITS 

This is a Group-live event. Courses are intermediate 

to advanced level, no prerequisites required. 

This event qualifies 

for up to 15 CAMS 

credits 

Keith Kirkpatrick 

Executive Director 

The 19th Annual AMLAC & Fraud Forum 

For more information visit www.ACAMS.org 

or contact us at +1 786.871.3073. 

Why Attend the AMLAC & FRAUD FORUM? 

• Attend the most relevant sessions for you, broken into AML and anti-fraud tracks 

• Hear the latest regulatory updates and how they are applied to prevent your institution from 

being fined millions for noncompliance 

• Get practical training from compliance officers, fraud professionals, regulators and law 

enforcement through our hands-on workshops 

• Share your experiences and insights with your peers from around the world during 

dedicated networking and relationship building time 

“This was a great 

conference. The program 

was spot on.” 

– William Voorhees, BSA Compliance Manager, 

Silicon Valley Bank 

2 | 

TO REGISTER: Call +1 888.670.8200 or +1 941.951.7885 ■ Email: register@iirusa.com

PRE-CONFERENCE WORKSHOPS 

MONDAY, OCTOBER 19, 2009 

8:00 Workshop Registration/Morning Coffee 9:00 Workshops Begin 12:00 Lunch for Workshop Attendees Only 

A 

Strengthening Customer Due Diligence 

Processes Amid Increased Regulatory and Law 

Enforcement Scrutiny 

9:00-12:00 Choose one 

B 

Global Strategies for AML Compliance and 

Fraud Prevention 

In this workshop, you’ll hear from experienced AML, fraud and security experts, 

who will provide strategies for creating a cost-effective customer due diligence 

program, utilizing a combination of fee-based and free resources. 

• Analyzing techniques for conducting effective customer due diligence 

• Interviewing methods for identifying red flags that indicate information may 

not be legitimate or truthful 

• Identifying electronic and physical resources used by criminals to lie or evade 

detection during the due diligence process 

• The operational impact of, and liability associated with, outsourcing due 

diligence functions 

• Incorporating proper due diligence strategies for investigating fraudulent 

activity to find the account’s beneficial owner and source of wealth 

• Best practices for ensuring efficient and lawful information sharing between 

departments and institutions under Section 314(b) of the USA PATRIOT ACT 

Leaders: 

John Wagner, Director, BSA and AML Compliance, 

OFFICE OF THE COMPTROLLER OF THE CURRENCY 

Linda Busby, AML Officer, RAYMOND JAMES FINANCIAL 

Kevin Taylor, VP, Compliance, PERSHING ADVISOR SOLUTIONS LLC 

For institutions with customers located around the world, the importance of 

understanding money laundering regulations – as well as common transactions 

and business practices – in different regions is of paramount importance. 

In this workshop, participants will hear an overview of the major regulatory and 

fraud activity occurring in each region. 

Then, small roundtable groups will be set up so that each region can be 

discussed in an informal setting conducive to best-practice information sharing 

and exchange. 

Table 1: Canada 

Table 2: UK & Western Europe 

Table 3: Russia & Eastern Europe 

Table 4: Africa 

Table 5: Asia/Pacific 

Table 6: Latin America/Caribbean 

Leaders: 

Zoe Lester, St. George Group AML/CTF Compliance Officer, Financial Crimes 

Management, WESTPAC BANKING CORP. 

Stephanie Lowy, SVP, Global AML Risk Management and Policy Director, 

CITI PRIVATE BANK 

Erik Wilgenhof Plante, Senior Compliance Officer, COMMERZBANK AG 

Stella Aku Attakpah, AML/CFT Consultant, IAEA 

MAIN CONFERENCE DAY ONE 


© 2009 Institute for International Research, Inc. All rights reserved 

12:00 Registration for Main Conference 

1:00-1:15 

Opening Remarks from the Conference Chairs 

1:15-2:15 

Understanding the Latest Law Enforcement Initiatives for 

Identifying Trends and Preventing Fraud 

The key to stopping financial crime often lies with understanding the 

environmental trends at large which can create a fertile ground for criminal 

activity. In this session, you’ll hear about the latest trends in AML, fraud and other 

criminal activity from law enforcement professionals. You’ll also gain insight into 

how enforcement agencies are working with industry professionals to effectively 

identify financial crime across a variety of institutions. Finally, the panel will 

discuss the best ways for you to identify and deter crime within your organization, 

based on the most current trends and data. 

John Caruso, Managing Director, Head of AML Compliance, 

DEUTSCHE BANK 

Lester Joseph, Principal Deputy Chief- Asset Forfeiture & Money Laundering, 

US DEPARTMENT OF JUSTICE 

Rachel Rojas, Supervisory Special Agent, FBI 

Tom Fleming, Asst. Director, Office of Compliance, Regulatory Policy 

and Programs Division, FINCEN 

2:15-3:15 

REGULATOR INSIGHTS — Avoid Penalties and Optimize 

Your Firm’s Defenses by Complying with the Latest AML 

and Fraud Regulations 

• Dissecting the latest trends with enforcement actions, and what they mean 

for institutional compliance departments 

• Updates on Red Flag Rule compliance strategies for creditors and financial 

institutions 

• Methods for implementing the latest FinCEN guidance on the CTR reporting 

exemption for depository institutions 

• Clarification on institution’s obligations under FINRA’s Notice to Members 

09-05 governing unregistered resales of restricted securities 

• Strategies for AML compliance with derivatives and Forex exchange transactions 

• Analysis and updates on the impact of the Fraud Enforcement & Recovery Act of 

2009 on AML and fraud prevention 

• AML compliance for managing wash sales, cross trades and market domination 

Moderator: 

Betty Santangelo, Partner, SCHULTE, ROTH & ZABEL 

John Wagner, Director, BSA and AML Compliance, OFFICE OF THE 

COMPTROLLER OF THE CURRENCY 

Michael Rufino, SVP, Member Regulation, Sales Practice Review, FINRA 

Alan Sorcher, Sr. Advisor for Cross-Sector Regulatory Strategies, FINCEN 

3:15-3:45 Networking Break 

www.amlac.com 

| 3

MAIN CONFERENCE DAY ONE 


3:45-4:45 

Incorporating Effective OFAC Compliance Strategies to 

Avoid Costly Fines 

• Analyzing the differences between administrative and criminal enforcement, and 

how that will impact your institution 

• Understanding how foreign entities can be held liable for OFAC violations if the 

transactions occur between anyone defined as a “US Person” or within the US 

• Methods for managing foreign account monitoring, takeovers and escalating 

issues of concern 

• Confirming that the company has provided appropriate training on the OFAC 

compliance requirements 

• Dealing with third-party payment processor risks 

• Ensuring effective controls are in place for holding frozen assets until they’re 

permitted to be released by OFAC 

Moderator: 

Steve Shine, Chief Regulatory Counsel, PRUDENTIAL FINANCIAL 

Dennis Wood, Assistant Director, OFFICE OF FOREIGN ASSETS 

CONTROL 

Judith C. Gruenbaum, Compliance Managing Director, SVP, 

JPMORGAN CHASE 

Steve Ganis, Of Counsel, MINTZ, LEVIN 

Irwin Nack, SVP, Head BSA/AML Compliance, Compliance Division for the 

Americas, BANK OF TOKYO-MITSUBISHI UFJ, LTD. 

4:45 End of Day 1 

Interested in 

Sponsoring 

or Exhibiting 

at this 

event? 

Sponsored Events and Table Top Exhibits: Are you looking for a creative way to reach top-level 

decision-makers? Why not consider sponsoring a luncheon, cocktail party or refreshment break? Maybe you’re 

looking for the perfect forum to showcase your products and services or an onsite communication center. 

For information on sponsorship opportunities please contact Andrew Borowiec at +1 646.895.7468 or 

aborowiec@iirusa.com. 

Exhibitions: Exhibit space will be available at this conference offering you the perfect forum to showcase your 

products and services. 

This is your chance to make valuable contacts and have your tabletop display serve as your communications center. 

Please call Ashley Chiplock at +1 646.895.7481 or achiplock@iirusa.com. 

MAIN CONFERENCE DAY Two 

TuesDAY, OCTOBER 20, 2009 

8:30 Morning Coffee 

9:00- 

9:50 

A 

For AML Officers & Departments 

Writing SARs that Aid Law Enforcement and Satisfy 

Regulatory Requirements 

• Balancing the need to provide law enforcement with relevant information 

vs. limiting defensive filings 

• Best practices for filing a SAR on multiple subjects or accounts related to 

the same suspicious activity 

• Guidance on whether SARs should be filed on regular fraudulent activity, 

based on industry exceptions 

• Managing 314(b) requests from within your corporate entity and from 

external institutions 

Moderator: 

Tim O’Neal Lorah, Executive Director, Global Head of AML, MORGAN 

STANLEY 

Panelists: 

Suzanne Williams, Manager of the BSA/AML Risk Section of the Division of 

Banking Supervision and Regulation, BOARD OF GOVERNORS OF 

THE FEDERAL RESERVE SYSTEM 

Steve Ganis, Of Counsel, MINTZ, LEVIN 


Tom Fleming, Asst. Director, Office of Compliance, Regulatory Policy and 

Programs Division, FINCEN 

B 

For Fraud Professionals & 

Departments 

Complying with Changing Regulations for MSBs 

• Understanding the potential changes defined in FinCEN‘s amendments to 

the MSB definition 

• Identifying effective, lower-cost agent training solutions for MSB 

sales agents 

• Strategies for banks to communicate their expectations on due diligence, 

agent training & supervision, and transaction monitoring and reporting 

• Developing an appropriate operational structure that complies with 

regulations while maintaining profitable relationships with MSBs 

David Landsman, Executive Director, NATIONAL MONEY 

TRANSFER ASSOCIATION 

Juan Llanos, Chief Compliance Officer, UNIDOS FINANCIAL 

SERVICES 

Kevin Favreau, VP, Global AML Compliance, WESTERN UNION 

4 | 


9:50- 

10:40 

For AML Officers & Departments 

Implementing Proper Compliance Procedures to 

Prevent Money Laundering and Other Financial 

Crimes from Occurring at Your Gaming Venue 

• Understanding the expectations of the DOJ and the IRS relative to a Title 

31 program exam 

• Steps for identifying internal and external threats for fraud and 

misconduct 

• Methods for managing regulations (BSA, OFAC, AML) in an era of reduced 

revenue and increased scrutiny of institutions 

• Best practices for training casino staff to implement proper KYC protocols 

and identify potentially illegal or fraudulent behavior 

Karen L. Brown-Wichman, Director of Internal Audit, ACEP, LLC 

Donna Mayer, BSA Technical Advisor, IRS 

10:40 Morning Break 

11:15- 

12:00 

12:00- 

1:30 

A 

Deploying Real-World Tactics for Managing AML 

Regulations for Insurance Firms 

• Understanding beneficial ownership and strategies for OFAC 

name checking 

• Tools for flagging ‘suspicious’ or abnormal activity on an account 

• Tactics for working with third-parties that handle KYC due diligence to 

satisfy compliance requirements and protect your institution 

• Best practices for eliciting and verifying information from customers 

Mary Rand, AVP, Anti-Money Laundering, AXA EQUITABLE 

Albert DeLeon, Head of Compliance Advisory, Monitoring & Reporting-OCNA, 

ZURICH FINANCIAL SERVICES 

Stephanie Mitchell Hoyte, Audit Manager, AIG Internal Audit Division, 

AIG (invited) 

Roundtable Discussion – Luncheon 

Sign up at the Registration Desk to take part in these informal, peer-led discussion groups where you can 

share your challenges, ideas and solutions with your peers. Space is limited to 10 participants per table, 

so sign up early to reserve your place! 

❶ Broker-Dealers 

❷ Insurance Firms 

Mary Rand, AXA Equitable 

❸ AML& Fraud Department Operations for Smaller 

Institutions 

Chuck Silverman, Beneficial Bank 

❹ Mutual Funds 

Jason Vazquez, Deutsche Asset Management 

B 

For Fraud Professionals & 

Departments 

Managing the Compliance Requirements Under the 

Anticipated “Stop Tax Haven Abuse Act” and other 

Rulings Affecting Dealings with Offshore Financial 

Centers 

• Updates on the scope and depth of the new provisions of the bill 

• Determining ownership and beneficiaries of PFICs/shell companies to 

comply with new tax reporting requirements 

• Strategies for conducting due diligence on foreign entities that will be 

treated as domestic companies for income tax purposes 

• Identifying steps required to provide the adequate level of transparency 

for regulators 

Jason Vazquez, Head of AML Compliance, DEUTSCHE ASSET 

MANAGEMENT 

Strategies for Managing the Detection, Analysis and 

Development of Technology-Based Fraud 

• Designing an appropriate platform for managing and technology red flags 

& other indicators of illicit activity, based on the FTC’s “red flags rule” 

• Techniques for identifying inside jobs and intrusions 

• Methods for defending against internal and external security threats, 

including cyber-attacks, inside jobs, and other account intrusions 

• Strategies for managing e-money transactions to prevent fraud and 

ensure proper monitoring 

• Steps for quickly detecting and identifying market manipulation activity 

Alma Angotti, Senior Counsel, FINRA 

Kevin Taylor, VP, Compliance, PERSHING ADVISOR SOLUTIONS LLC 

Tammy Hurst, SVP, Corporate Security Investigative Services – Domestic, 

BANK OF AMERICA 

❺ MSBs 

Juan Llanos, Unidos 

Financial Services 

❻ Large Institutions 

❼ FCPA Compliance Issues 

❽ Prepaid Issuers & Providers 

Jeff Ross, Green Dot 

Corporation 

MAIN CONFERENCE DAY Two 

TuesDAY, OCTOBER 20, 2009 


1:30- 

2:20 

Procedures for Regulatory Compliance for 

Prepaid Cards 

• Strategies for implementing industry-driven best practices for prepaid 

cards, including the NBPCA Recommended Practices Document 

• Identifying proper agent training procedures to ensure compliance with 

AML regulations and anti-fraud best practices 

• Understanding how the latest regulatory changes, including the CARD 

Act of 2009, may affect money laundering activity and fraud prevention 

efforts, including cost and enforcement trends 

Suzanne Williams, Manager of the BSA/AML Risk Section of the Division of 

Banking Supervision and Regulation, BOARD OF GOVERNORS OF 

THE FEDERAL RESERVE SYSTEM 

Jeff Ross, Chief Compliance Officer, GREEN DOT CORPORATION 

2:20 Afternoon Break 

Leveraging the Synergies between Anti-Fraud 

and Anti-Money Laundering: The Challenges and 

Opportunities 

• Assessing the current institutional landscape of merged AML/Fraud units 

in the US and abroad 

• Identifying cost savings and increasing transparency via leveraging IT 

solutions 

• Managing the challenges and/or limitations of a single system to handle 

disparate AML/fraud issues 

• Analyzing the benefits, challenges and opportunities of merging people, 

processes and procedures to handle both AML and fraud activities 

Zoe Lester, St. George Group AML/CTF Compliance Officer, Financial Crimes 

Management, WESTPAC BANKING CORP. 

Grady Williams, VP, Chief Compliance Officer, NATIONWIDE BANK 

www.amlac.com 

| 5

MAIN CONFERENCE DAY two (cont.) 

Tuesday, OCTOBER 20, 2009 

2:50-3:45 

Managing Compliance Requirements for Clearing and 

Introducing Firms in an Era of Increased Scrutiny and 

Reduced Resources 

Key Takeaways: 

• Understanding the regulatory requirements and CIP obligations for each firm 

• Strategies for ensuring BSA compliance when a US broker-dealer establishes a 

clearing relationship with a foreign financial institution 

• Techniques and questions to ask when relying on a Registered Investment 

Advisor to handle CIP duties 

• Managing OFAC compliance obligations to avoid costly penalties 

Panelists: 

Jeffrey D. Weiss, Managing Director, Anti-Money Laundering, KNIGHT EQUITY 

MARKETS, L.P. 

Jeff Horowitz, Managing Director, Chief AML Officer, PERSHING LLC 

Elizabeth Paige Baumann, Deputy AML, FIDELITY INVESTMENTS 

Michael Rufino, SVP, Member Regulation, Sales Practice Review, FINRA 

MAIN CONFERENCE DAY three 

Wednesday, OCTOBER 21, 2009 

8:15-8:45 Morning Coffee 

8:45-9:45 

Q&A with the Department of Justice 

In February 2009, UBS entered into a historic deferred prosecution agreement with 

the US government in which UBS admitted to helping U.S. taxpayers hide accounts 

from the IRS. As part of the DPA, UBS agreed to provide the U.S. government with 

the identities of, and account information for, certain United States customers of 

UBS’s cross-border business. This case is likely to have significant repercussions 

for institutions with private client groups, especially with respect to privacy, 

confidentiality, tax evasion and money laundering statutes, and could mark a 

significant change in the way “private accounts” are administered. Although the 

prosecutors can’t discuss the specifics of the UBS case, they will be on hand to 

provide details on the types of strategies the Department of Justice is employing 

to prosecute cross-border tax evasion and money laundering activity. Participants 

also will get the opportunity to directly address their questions to the presenters. 

Jeffrey A. Neiman, AUSA 

Kevin M. Downing, Senior Litigation Consultant 

9:45-10:45 

Industry Roundtable: Techniques for Customizing your 

AML & Fraud Program Based on Your Business Model 

and Recent Enforcement Actions and Fines 

Institutions have realized that the most effective anti-money laundering programs 

and anti-fraud programs are specifically designed to manage the unique risks and 

customer types within a specific institution. 

In this discussion session, participants will be able to question a panel of bank 

and broker/dealer industry compliance and fraud professionals on the strategies 

they’ve used to develop a robust and compliant AML program. 

Banks: 

Judith C. Gruenbaum, Compliance Managing Director, SVP, JPMORGAN CHASE 

Chuck Silverman, AML Program Director, BENEFICIAL BANK 

Emily Borowski, AVP, Risk & Compliance, NOTRE DAME FEDERAL 

CREDIT UNION 

Broker/Dealers: 

Jeffrey D. Weiss, Managing Director, AML, KNIGHT EQUITY MARKETS, L.P. 

Katherine M. Sikora Nelson, Global Compliance - AML, Chair, Broker-Dealer AML 

Committee, BANK OF NEW YORK MELLON 

3:45-4:45 

Understanding the Latest Financial Crime Trends to 

Better Protect Your Institution 

Key Takeaways: 

• Hear real-world data from recent case studies describing the techniques used 

to perpetrate fraud 

• Analyze the clues or marks indicating transactional anomalies or behavioral 

patterns that could have identified illicit activity before it occurred 

• Techniques for setting your security and monitoring systems to ‘red flag’ 

suspicious activity 

• Strategies for properly setting up accounts, surveillance programs, and 

reporting protocols to aid in early fraud detection 

Panelists: 


David Chaves, Supervisory Special Agent, FBI 

4:45 End of Day 2 

10:45-11:15 Networking Break 

11:15-12:15 

Identifying Solutions for Emerging 

TOWN HALL 

AML & Fraud Issues 

MEETING 

In this interactive discussion, panelists and the 

audience will have the opportunity to address 

outstanding issues that are expected to receive significant attention from 

regulators and law TOWN enforcement HALL over the coming months. The moderator will open 

the discussion by raising MEETING topical issues of the day, and then ask the facilitators to 

provide their insights. 

Participants will be asked to bring their questions, issues and concerns, and are 

encouraged to seek out their peers for suggestions and solutions. 

• Strategies for dealing with examination requests for granular information 

• Dealing with new regulations relating to cross-border ACH transfers 

• Understanding changes in regulatory jurisdiction and how it affects compliance 

structures and strategy 

• The impact of Internet gaming regulations on due diligence requirements for 

financial institutions 

• New regulations covering senior issues, unregistered offerings, business 

continuity planning, and internal controls against potential business corruption 

(including FCPA issues) 

• Transition to the new regulatory structure and environment in a post-Madoff world 

Facilitators: 

Jack Sonnenschein, VP, Enterprise Compliance Risk Management, 

AMERICAN EXPRESS 

Linda Busby, AML Officer, RAYMOND JAMES FINANCIAL 

Meg Zucker, Executive Director, MORGAN STANLEY 

Irwin Nack, SVP, Head BSA/AML Compliance, Compliance Division for the 

Americas, BANK OF TOKYO-MITSUBISHI UFJ, LTD 

Kevin Favreau, VP, Global AML Compliance, WESTERN UNION 

12:15 End of Main Conference 

6 | 


Post-CONFERENCE Workshop 

Wednesday, OCTOBER 21, 2009 

Administrative Details 


12:15-1:15 Lunch 

12:15pm-4:00pm 

Tactics for Developing an Interactive Fraud & Risk 

Assessment Program 

The development of an effective risk assessment program is largely 

dependent upon the thorough understanding of three specific aspects of 

compliance: the specific risk factors affecting your firm, the regulations 

specific to your line(s) of business, and the expectations of your regulators. 

In this interactive workshop session, you’ll hear from compliance 

professionals, auditors and regulators on the best practices for setting up an 

appropriate risk matrix. 

The workshop leaders and participants will then collaborate on a 

comprehensive AML & Fraud Prevention Program Document, which can be 

used as a best-practices guide for developing a risk assessment strategy. 

After the workshop, participants will be given a USER ID and Password to 

access the document which they will be able to download and customize to 

their particular business model. 

Leaders: 

David MacNair, Director, AML & Fraud Department, BARCLAYS CAPITAL 

Jack Sonnenschein, VP Enterprise Compliance Risk Management, 

AMERICAN EXPRESS 

Emily Borowski, AVP, Risk & Compliance, NOTRE DAME FEDERAL 

CREDIT UNION 

Grady Williams, VP, Chief Compliance Officer, NATIONWIDE BANK 

Russell Cronan, Sr., National Bank Examiner, BSA/AML Specialist, 

Compliance Policy, OCC 

4:00 Workshop Concludes 

Dates and Venue 

October 19-21, 2009 

New York Marriott Marquis 

1535 Broadway, New York, NY 10036 

Accommodations: A block of rooms will be held for a limited period of 

time at the New York Marriott Marquis. All hotel bookings must be made through our 

travel partner at the etouches internet booking site. Please visit www.etouches.com/iir 

to make your reservations. If you do not have web access, or need additional assistance, 

please call etouches at (800) 516.4265 or +1 (203) 431.8950. You can also send them 

an email at conf@etouches.com or fax them at +1 (203) 431.9305. The hotel will not 

accept individual calls for room reservations at the IIR negotiated group rate. 

DISCOUNTed CONFERENCE AIRFARE: 

For discount information on JetBlue flights please visit: 

www.iirusa.com/AMLAC/amlac-venue.xml 

Any disabled individual desiring an auxiliary aid for this conference should 

notify IIR at least 3 weeks prior to the conference in writing by faxing 

+1 (212) 661.6045. 

Complaint Resolution Policy: For more information regarding 

administrative policies such as complaint and refund, please contact our offices at 

(888) 670.8200 or +1 (941) 951.7885. 

CPE Sponsors 

Institute for International Research is registered with the National 

Association of State Boards of Accountancy (NASBA) as a sponsor of 

continuing professional education on the national Registry of CPE 

Sponsors. State boards of accountancy have final authority on the 

acceptance of individual courses for CPE credit. Complaints regarding registered 

sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth 

Avenue, Nashville, TN 37219-2417. Web site: www.nasba.org. For further information 

regarding IIR’s financial hardship policy, please contact Elizabeth Birnbaum at 

+1 (646) 895.7456 or via email at ebirnbaum@iirusa.com. 

Easy 

Ways to 

3Register 

Register 

Before 

7/17/09 

Call: 

Email: 

Web: 


Before 

8/21/09 

+1 888.670.8200 or 

+1 941.951.7885 

register@iirusa.com 

www.amlac.com 

Before 

9/25/09 

After 

9/25/09 

Conference Only $2,095 $2,295 $2,395 $2,495 

Conference + 1 

Workshop 

$2,495 $2,695 $2,795 $2,895 


Workshops 

$2,695 $2,895 $2,995 $3,095 

Special rates for MSB/Small Institution 

& Government* 

Conference Only $1,466 $1,607 $1,677 $1,747 


Workshop 

$1,747 $1,887 $1,957 $2,027 


Workshops 

$1,887 $2,027 $2,097 $2,167 

*Government Discounts: 

Must work for a government agency or regulatory authority, subject to IIR approval. No two discounts may 

be combined. Small Institutions/MSBs. Must work for a licensed money services business or at an institution 

with less than $500 million in assets. Subject to IIR approval 

Group Discounts Available: Please contact Dan Harju at 

+1 646.895.7439 for details. No two discounts can be combined. 

Group Rates available for Banks & Financial Institution Teams - Register 4 or more people 

at the same time to each receive 25% off of standard pricing. 

Can not be combined with any other discounts must register by phone. Not available to web registrations. 

Fee: The standard fee for attending IIR’s AMLAC and Fraud Forum is outlined on the 

registration form. This includes the luncheon and refreshments, and the conference 

documentation and materials submitted by the speakers. You may enclose payment with 

your registration or we will send an invoice. Payment is due within 30 days of registering. 

If registering within 30 days of the event, payment is due immediately. Payments can 

be made by check, Visa, MasterCard, Discover, Diners Club or American Express. Please 

make all checks payable to the “Institute for International Research, Inc.” and write the 

name of the delegate(s) on the face of the check, as well as our reference code: U2402. 

If payment has not been received prior to registration the morning of the conference, a 

credit card hold will be required. 

Cancellation Policy: If you need to make any changes or have any 

questions, please feel free to contact us via email at register@iirusa.com. Cancellations 

must be in writing and must be received by IIR prior to 10 business days before the start of 

the event. Upon receipt of a timely cancellation notice, IIR will issue a credit voucher for the 

full amount of your payment, which may be applied towards registration fees at any future 

IIR event held within 6 months after issuance (the “Expiration Date”). All credit vouchers 

shall automatically expire on the Expiration Date and shall thereupon become void. 

In lieu of issuance of a credit voucher, at your request, IIR will issue a refund less a $795 

processing fee per registration. Registrants are advised that no credit vouchers or refunds 

will be issued for cancellations received less than ten business days prior to start of the 

event, including cancellations due to weather or other causes beyond the Registrant’s 

control. IIR therefore recommends that registrants allow for unexpected delays in making 

travel plans. Substitutions are welcome at any time. If for any reason IIR decides to cancel 

this conference, IIR accepts no responsibility for covering airfare, hotel or other costs 

incurred by registrants, including delegates, sponsors, speakers and guests. 

Documentation Order: If you are unable to attend the program, or 

would simply like to order additional sets of documentation for your colleagues, they are 

available for $395 per set, including taxes, postage and shipping in the U.S. Please fill out 

the order form on the back of the brochure. The documentation is available two weeks 

after the conference takes place. CREDIT CARD PAYMENT ONLY. 

www.amlac.com 

U2402 

| 7

19th Annual 

AMLAC & Fraud 


Institute for International Research 

708 Third Avenue, 4th Floor 

New York, NY 10017-4103 

October 19-21, 2009 • New York Marriott Marquis • Times Square, New York 

Alma Angotti, FINRA 

Stella Attakpa, IAEA 

Elizabeth Paige Baumann, FIDELITY 

INVESTMENTS 

Emily Borowski, NOTRE DAME FEDERAL 

CREDIT UNION 

Karen Brown-Wichman, ACEP LLC 

Linda Busby, RAYMOND JAMES FINANCIAL 

John Caruso, DEUTSCHE BANK 

David Chaves, FBI 

Russell Cronan, OCC 

Sterling Daines, GOLDMAN SACHS 

Albert DeLeon, ZURICH FINANCIAL 

SERVICES 

Kevin Downing, DEPARTMENT OF JUSTICE 

Donna Mayer, IRS 

Stephanie Mitchell Hoyte, AIG (invited) 

Irwin Nack, BANK OF TOKYO-MITSUBISHI 

UFJ, LTD. 

Jeff Neiman US DEPARTMENT OF JUSTICE 

Mary Rand, AXA EQUITABLE 

Rachel Rojas, FBI 

Jeff Ross, GREEN DOT CORP. 

Michael Rufino, FINRA 

Betty Santangelo, SCHULTE, ROTH & ZABEL 

Steve Shine, PRUDENTIAL FINANCIAL 

Katherine Sikora Nelson, BANK OF NEW 

YORK MELLON 

Chuck Silverman, BENEFICIAL BANK 

Jack Sonnenschein, AMERICAN EXPRESS 

Alan Sorcher, FINCEN 

Kevin 19th Favreau, Annual WESTERN UNION 

Thomas Fleming, FINCEN 

AMLAC Steve Ganis, MINTZ, LEVIN & Fraud 

Kevin Taylor, PERSHING LLC 

Jason Vasquez, DEUTSCHE ASSET 

Judy Anti-Money Gruenbaum, Laundering, JPMORGAN Audit, CHASECompliance MANAGEMENT 

and Fraud Forum 

Jeff Horowitz, PERSHING LLC 

John Wagner, OCC 

Tammy Hurst, BANK OF AMERICA 

Michael Wassell, GOLDMAN SACHS 

Les Joseph, DEPARTMENT OF JUSTICE Jeff Weiss, KNIGHT EQUITY MARKETS 

Carol Kelly, IRS (invited) 

Erik Wilgenhof Plante, COMMERZBANK 

David Landsman, NATIONAL MONEY Suzanne Williams, FEDERAL RESERVE 

TRANSMITTERS ASSOCIATION 

BOARD OF GOVERNORS 

Zoe Lester, WESTPAC BANKING GROUP Grady Williams, NATIONWIDE 

Juan Llanos, UNIDOS FINANCIAL SERVICES Dennis Wood, OFAC, US TREASURY 

Tim O’Neal Lorah, MORGAN STANLEY Meg Zucker, MORGAN STANLEY 

Stephanie Lowy, CITI PRIVATE BANK …and many more to come 

David MacNair, BARCLAYS CAPITAL 

Please, Do Not Remove Mailing Label 

U2402 


19th Annual 



Fraud, Compliance and Risk Management Solutions 

for Maintaining the Integrity of Global Financial Institutions 

“[I liked] the opportunity to meet with counterparts in other industries to 

share triumphs and struggles.” 

— Valerie Towery, Director, Special Projects, Western Union 

www.amlac.com

AMLAC & Fraud - IIR

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