anti-money laundering - Shulman, Rogers, Gandal, Pordy & Ecker, PA

shulmanrogers.com

anti-money laundering - Shulman, Rogers, Gandal, Pordy & Ecker, PA

April 27–28, 2011 | Sutton Place Hotel | Toronto

The Canadian Institute’s 10 th Annual Forum on

Anti-Money

Laundering

Str at e g i e s fo r Co s t-Effective Co m p l i a n c e

Chair:

Stephen Harvey

Chief Anti-Money Laundering Officer

CIBC

Keynote Speaker:

Jeanne Flemming

Director

FINTRAC

Add value to your experience by

attending the pre-conference workshop:

Anti-Money Laundering 101

Hear from regulators, law enforcement, top

financial institutions and leading lawyers on

key topics including:

• FINTRAC, OSFI and IIROC: what are their current initiatives,

priorities and expectations

• Conducting inherent risk assessment

• Tax evasion as a predicate offence

• Your responsibilities with respect to sanctions

and anti-bribery legislation

• Case studies and updates on typologies from the RCMP

and FBI

• What are the most cost-effective methods of ensuring compliance

and protecting your organization’s reputation

Sponsored by:

Supporting Partner:

This conference and the workshop qualify

for MCLE credits in several provinces as well

as ACAMS CAMS credits.

Please see inside for details.

Filtering Since 1994

Register Now • 1-877-927-7936 • CanadianInstitute.com/AML


“B.C. Lottery Corp... hit with $670,000 penalty over

[suspicious] transaction reporting lapses” – Vancouver Sun, July 22, 2010

Complying with anti-money laundering, anti-terrorist financing and sanctions regulations has never been more

challenging, and the risks of failure – both monetary and reputational – continue to grow.

The Canadian Institute’s Forum on Anti-Money Laundering has a strong record of delivering the practical, unbiased

information you need in this ever-changing area.

This year’s program includes new sessions on:

• Conducting inherent risk analysis

• AML in trade finance

• AML for mutual fund/portfolio managers and

• Tax evasion as a new predicate offence

We’ve also beefed up our coverage of sanctions compliance, in light of at least three fines or settlements in the

$half-billion range levied against major financial institutions internationally over the past year.

The outstanding faculty includes keynote speaker Jeanne Flemming, Director of FINTRAC; Special Agent Gregory

Coleman of the FBI’s New York office; Josée Nadeau, Senior Chief, Finance Canada, Financial Crimes – International;

and many more.

Back by popular demand is the introductory pre-conference workshop on the fundamentals of AML.

Don’t miss this outstanding event! Reserve your space today by calling 1-877-927-7936 or by faxing your registration form

to 1-877-927-1563 or online at www.CanadianInstitute.com/AML.

Learn from these distinguished speakers:

Chair:

Stephen Harvey

Chief Anti-Money Laundering Officer

CIBC

Speakers:

Supt. Jeff Adam

Proceeds of Crime Director

RCMP

Steve Aikman

Senior Technical Advisor, Enforcement and

Disclosures Directorate

Canada Revenue Agency

Nicolas W. R. Burbidge, FCIS PAdm.

Senior Director, Compliance Division

Office of the Superintendent of Financial

Institutions Canada (OSFI)

Garry W. G. Clement, CFE CAMS AMLP

President & CEO

White-Collar Consultants

and Investigative Group

Gregory Coleman

Special Agent, FBI, New York City

Jacob Frenkel

Chair, Securities Enforcement and White-Collar

Crime Practice Group, Shulman, Rogers, Gandal,

Pordy & Ecker P.A., Potomac, Maryland

Susana Johnson, CA

Vice President and Head of Anti-Money

Laundering Services, KPMG Forensic

Ron King

Vice President & Chief Anti-Money Laundering

Officer, Bank of Nova Scotia

Judy Long

Director, Business Conduct Compliance, IIROC

Pat O’Connor

Director, Canada Revenue Agency

Josée Nadeau

Senior Chief, Finance Canada, Financial

Crimes - International

Carol Sands

Chief Compliance Officer

Brandes Investment Partners & Co.

Donald Semesky Jr.

Consultant

U.S. Drug Enforcement Administration

Jacqlyn Stein

Vice President & Chief Compliance Officer

BNY Mellon Asset Management Canada Limited

Phil Tawtel FCGA

Director of Compliance, North America

Western Union Business Solutions

Prema Thiele

Partner, Borden Ladner Gervais LLP

Lincoln Tilokee

Director, Business & Operational Risk

Commercial Banking, Business Contact Centre

Trade Finance Operations & Wholesale

Automotive Operations

CIBC

Register at 1-877-927-7936 or in Toronto 416-927-7936 or www.CanadianInstitute.com/AML


Wednesday, April 27, 2011

8:00 Registration Opens and Coffee Served

9:00 Announcements and Opening Remarks

from the Chair

Stephen Harvey

Chief Anti-Money Laundering Officer, CIBC

9:10 Keynote Address

Jeanne Flemming

Director, FINTRAC

9:45 What’s Happening with FATF and the Broader

International Community

Josée Nadeau

Senior Chief, Finance Canada

Financial Crimes – International

• An update on the FATF review of international standards

• The time frame for FATF consultation for standard changes

and preparation for the 4th round of Mutual Evaluations

• Informing your risk-based approach: high-risk jurisdictions

• Provisions of C-9 in force as of 2011

- New ministerial powers to implement counter-measures against

high-risk jurisdictions

10:30 Networking Refreshment Break

10:45 What’s New from the Regulators

Moderator:

Stephen Harvey

Chief Anti-Money Laundering Officer, CIBC

Panelists:

Nicolas W. R. Burbidge, FCIS PAdm.

Senior Director, Compliance Division, Office of the

Superintendent of Financial Institutions Canada (OSFI)

Judy Long

Director, Business Conduct Compliance, IIROC

FINTRAC Representative

Name of the speaker from FINTRAC will be updated on our web site

• An update on AMPS imposed to date, including the B.C. Lottery

Corp. penalty

- What infractions have been identified

• What are FINTRAC’s plans with respect to conducting

compliance risk assessments on banks

- How will this fit in with OSFI’s audits

• Guidance on the changes to s.1.1 of the PCMLTFA: jurisdictions

of higher risk

- Draft regulations if available

• Expectations on boards of directors, senior management

and internal auditors

• What are FINTRAC’s expectations with respect

to reporting frauds

- Do victims need to be personally identified in the report,

or just conspirators/fraudsters

- Is a police report sufficient

- Securities fraud such as pump-and-dump schemes

- Ponzi schemes, mortgage fraud, alternative types of loans

• Sanctions

- Will the regulators be integrating their lists

- How compatible are the OFAC lists

- What are the expectations on FIs --Real time or batch

customer monitoring Cross-border transactions

- Monitoring securities by trade as well as by clients

- Evaluating custodians and brokers/broker dealers

11:45 Q&A With the Regulators

This is your chance to ask the regulators any questions you may have.

12:15 Networking Luncheon for Speakers & Delegates

1:30 Understanding OSFI’s Expectations

for Inherent Risk Analysis

Nicolas Burbidge, FCIS, PADm.

Senior Director, Compliance Division, OSFI

• What are OSFI’s expectations in terms of inherent risk analysis

methodology

• Identifying high-risk customers

• The content of enhanced due diligence and monitoring:

what does it mean in practice

• Rating products and services

• Best account-opening practices and KYC for foreign persons

2:30 Networking Refreshment Break

2:45 Tax Evasion as a Designated Offence for Purposes

of Proceeds of Crime and Money Laundering

Legislation

Steve Aikman

Senior Technical Advisor , Enforcement and Disclosures

Directorate, Canada Revenue Agency

Pat O’Connor

Director, Canada Revenue Agency

• The advent of tax evasion as a designated offence in Canada

• When did the legislation come into effect

• What Acts (legislation) are now designated offences

• Is tax evasion a money laundering offence

• What are the primary indicators of tax evasion

• Why would an FI suspect tax evasion

• How is an FI supposed to know how much income a client

reports to CRA

• Can advisors be implicated in the tax evasion undertaken

by a client

• How will CRA deal with Proceeds of Crime cases

• Cooperation between CRA and FINTRAC

• How does CRA deal with disclosures received from FINTRAC

3:30 Complying with Sanctions: Ten Case Studies

Ron King

Vice President & Chief Anti-Money Laundering Officer

Bank of Nova Scotia

In this session, case studies will be used to illustrate important aspects

of compliance with sanctions regimes.

• Typologies of sanction evasion

• What are the red flags

Register at 1-877-927-7936 or in Toronto 416-927-7936 or www.CanadianInstitute.com/AML


• Dealing with the extraterritorial reach of OFAC

• Family support remittances – do they fall under sanctions

• Key challenges relating to anti-proliferation measures

• Industries at higher risk of sanctions violations

• Sanctions and correspondent banking relationships

• Leveraging transaction monitoring to identify potential

sanction violations

4:30 Conference Adjourns

8:30 Coffee Served

Thursday, April 28, 2011

9:00 Announcements and Opening Remarks

from the Chair

Stephen Harvey

Chief Anti-Money Laundering Officer, CIBC

9:05 Canadian Trends & Typologies – the Law

Enforcement Perspective

Supt. Jeff Adam

Proceeds of Crime Director, RCMP

Garry Clement

The Clement Group

• What typologies have been identified in the newly regulated

sectors

• An update on the white-label ATM sector

• Trends in mobile payments, including phone-to-phone transfers

of funds

• Is pressure on legitimate MSBs pushing money remittances

underground

• Use of gold for money laundering

• Casinos as a medium for money laundering

• ATF typologies

- The charity sector

10:15 Networking Refreshment Break

10:30 International Law Enforcement Case Studies

Gregory Coleman

Special Agent, FBI, New York City

Donald Semesky Jr.

Consultant, U.S. Drug Enforcement Administration

This session, always one of our most popular, offers you fascinating insights

into international money-laundering investigations–what the crooks were

doing, and how they were detected.

• What falls under the rubric of trade finance

• What is the content of due diligence for letters of credit and other

instruments of trade finance

- KYC

- Transaction monitoring

• Indicia of trade-based money laundering

2:15 Networking Refreshment Break

2:30 Domestic and Foreign Anti-Bribery/Anti-

Corruption Statutes: What Do They Mean

to Canadian Regulated Entities

Jacqlyn Stein

Vice President & Chief Compliance Officer

BNY Mellon Asset Management Canada Limited

Jacob Frenkel

Chair, Securities Enforcement and White-Collar Crime

Practice Group, Shulman, Rogers, Gandal, Pordy & Ecker

P.A., Potomac, Maryland

• Key elements of the FCPA, UK Bribery Act and Canadian Bribery Act

• How they affect you and why should you be concerned

• Understanding the extraterritorial reach of the US and UK statutes

• What entities are covered

• Elements of an adequate compliance program

• Red flags

3:30 AML Compliance for Mutual Fund and Portfolio

Managers

Carol Sands

Chief Compliance Officer, Brandes Investment Partners & Co.

Prema Thiele

Partner, Borden Ladner Gervais LLP

• Who does what -- allocating responsibilities between fund

managers and dealers

• Approaches to suspicious and attempted suspicious transaction

reporting

- The impact of arm’s length relationships with investors

- Red flags

• What does risk-based analysis mean in the fund management

context

- Risk analysis of potential investments

• The role of securities regulators

• Selecting an independent auditor

• Meeting training challenges in this sector

4:30 Chair’s Remarks and Conference Concludes

12:15 Luncheon for Delegates & Speakers

1:30 What to Watch For in Trade Finance

Phil Tawtel FCGA

Director of Compliance, North America, Western Union

Business Solutions

Lincoln Tilokee

Director, Business & Operational Risk, Commercial Banking,

Business Contact Centre, Trade Finance Operations

& Wholesale Automotive Operations, CIBC

Sponsorship & Exhibition Opportunities

Maximize your organization’s visibility in front of key decision-makers in

your target market. For more information, contact Business Development

Executive Andrew Thompson at 416-927-0718 ext. 7232,

toll-free 1-877-927-0718 ext. 7232 or by email at

a.thompson@CanadianInstitute.com

Register at 1-877-927-7936 or in Toronto 416-927-7936 or www.CanadianInstitute.com/AML


Pre-Conference Workshop

April 26, 2011 • 2:00-5:00 p.m.

(registration opens at 1:30)

Anti-Money Laundering 101:

Mastering the Fundamentals

Susana Johnson, CA

Vice President and Head of Anti-Money Laundering Services,

KPMG Forensic

This comprehensive, hands-on workshop has been designed to provide you with

a good grasp of the basics, including the regulatory framework, the key elements

and objectives of an AML/ATF compliance program and the role of the Chief

Anti-Money Laundering Officer. Topics in this workshop will include:

• Understanding the essential purpose and principles of an AML/ATF

compliance program

- defining money laundering and terrorist financing

- protecting your organization from liability, fines/penalties

and reputational risk

- establishing a compliance framework – policies, procedures and controls

• Understanding the regulatory framework

- key regulatory bodies: who does what

- understanding the different regulatory regimes

- Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

- the role of the Office of the Superintendent of Financial Institutions

- self-regulatory organizations and industry associations

• An overview of key legislation and regulations

- the Proceeds of Crime (Money Laundering) and Terrorist Financing Act

(PCMLTFA) and regulations

- the basic requirements applicable to all reporting entities

• A roadmap to compliance

- overview of an effective compliance program

- designing a compliance program appropriate to your organization

- the importance of comprehensive risk assessment

- roles of the board, committees and management

- audit/review obligations

- understanding industry best practices

If you are new to the area or just need a comprehensive refresher, this workshop will

provide you with a solid footing in the regulatory compliance essentials. Don’t miss this

great opportunity to get up to speed on the fundamentals before the conference begins!

Susana Johnson, CA has conducted anti-money laundering reviews for banks,

securities dealers, foreign exchange dealers and other sectors, to assess their

compliance with the AML and anti-terrorist financing requirements of Canada,

the U.S. and U.K. She has 20 years of experience in a broad range of forensic and

compliance-review assignments

Comments From Our 2010 CONFERENCE Participants

“Overall excellent conference”

– Michael Lin

“Knowledgeable professionals and panelists”

– Michael Anderson, Compliance Officer

Microfinance International Corp, Washington DC

“Speakers were very good”

– Veronica Cocco, CAMLO/CCO, The Effort Trust Company

A MUST-ATTEND EVENT FOR

Anti-Money Laundering Officers, Compliance Officers,

In-house Counsel, Internal Auditors and Heads of Security in:

• Banks

• Credit unions

• Trust and loan companies

• Life insurance companies

• Non-bank financial institutions

• Asset management firms

• Securities firms

• Money-service businesses

• Mortgage companies

• Broker/dealers

• Investment advisors/money managers

• Foreign-exchange dealers

Also:

Sponsored By

Accreditation

• Precious metal, gems

and jewellery sellers

• Real estate developers and brokers

• Lawyers in private practice

• Accountants

• Casino operators

• Consulting firms

• Regulatory authorities

The intensifying global efforts to

eliminate money laundering, terrorist

financing and corruption are leading to additional work for compliance departments.

The Dow Jones Risk & Compliance suite covers a spectrum of AML, anti-corruption and

sanctions compliance needs, reducing the compliance burden while proactively managing risk in

this increasingly complex world. http://www.dowjones.com/riskandcompliance

LexisNexis Canada provides information and services solutions to

professionals in law firms, corporations, government and academic

institutions. LexisNexis® offerings include Bridger Insight XG®

for AML watch-list screening, the Quicklaw® online legal research service; Butterworths® print

and CD ROM titles and newspapers; the Lexis® and Nexis® global online research services; and

other leading solutions in Research, and Litigation Services. www.lexisnexis.ca

Trusted by more than 4,500 institutions in over 160

countries, including 49 of the world’s top 50 banks,

World-Check’s global database of heightened risk

individuals and entities, Enhanced Due Diligence (EDD)

reports, passport verification and country risk assessment tools provide the means to address

the full spectrum of risk across all markets and industries. For more information visit

www.world-check.com

Sword FircoSoft has over 15 years experience in providing watch

Filtering Since 1994 list filtering and straight-through processing (STP) solutions. Sword

FircoSoft’s watch list filtering solution, Firco Filtering Suite, helps

financial institutions comply with reinforced international regulations on terrorist financing

and embargoes, by eliminating the risk of processing illegal transactions and detecting highrisk

financial customers and counterparts. Over 400 customers in more than 70 countries use

Sword FircoSoft’s filtering solutions. Sword FircoSoft has been ranked #1 watch list filtering

solution since 2003 by Celent. For more information, please visit www.sword-fircosoft.com

Supporting Partner

ACAMS is an international organization with more than 10,000

members from 140 countries dedicated to advancing the knowledge,

skills and credentials of AML professionals and promoting sound

anti-money laundering policies and procedures. ACAMS also offers

the Certified Anti-Money Laundering Specialist (CAMS) credential,

recognized globally as the gold standard in the industry. Learn more at www.ACAMS.org.

This event qualifies for up to 14 CAMS credits

Main conference = 11 CAMS credits

Pre-conference workshop = 3 CAMS credits

This program may be applied towards 9 of the 12 hours of annual Continuing

Professional Development (CPD) required by the Law Society of Upper Canada. The

workshop may be applied for 2.5 hours. These CPD hours are not accredited for the

New Member Requirement. Please consult the LSUC website for rules applying to

webcast credits.

This program may be applied for 11 hours toward the substantive law portion of your

continuing legal education requirements in British Columbia and 11.5 hours in New

Brunswick. The workshop may be applied for 2.75 hours.

The Barreau du Québec automatically recognizes the same number of hours that have

been accredited by another Law Society subject to MCLE.

This program has been approved by the Law Society of Saskatchewan

for 11.5 credit hours for Continuing Professional Development (CPD).

The workshop has been approved for 2.5 hours.

Attendance at this program by members of the Law Society of Alberta may be submitted

to the Law Society for Continuing Professional Development credits.

©The Canadian Institute, 2010

Register at 1-877-927-7936 or in Toronto 416-927-7936 or www.CanadianInstitute.com/AML


April 27–28, 2011 | Sutton Place Hotel | Toronto

Anti-Money

Laundering

To expedite your registration, please

mention your Priority Service Code

492L11.INH

The Canadian Institute’s 10 th Annual Forum on

Str at e g i e s fo r Co s t-Effective Co m p l i a nc e

REgistration form

Attention Mailroom: If undeliverable to addressee, please forward to:

Chief Anti-Money Laundering Officer, Chief Compliance Officer, Internal Auditor

5 Top Reasons to Attend

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5 EASY WAYS TO REGISTER

*

8

Find out what FINTRAC and

OSFI are planning

Get guidance on recent U.S.

and international developments

Hear from the RCMP and FBI

about the latest typologies

Benefit from keynote address

from the FINTRAC Director

3 Network with your peers

Phone: 1-877-927-7936 or

416-927-7936

Fax:

1-877-927-1563 or

416-927-1563

Email:

CustomerService@CanadianInstitute.com

Mail:

The Canadian Institute

1329 Bay Street

Toronto, Ontario M5R 2C4

Online:

www.CanadianInstitute.com/AML

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program code: 492L11-TOR

YES! Please register the following delegate for the Anti-Money Laundering FORUM

Fee Per Delegate Register & Pay by March 30, 2011 Register & Pay after March 30, 2011

o Program (on site) $1995 + 13% HST $2195 + 13% HST

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Administrative Details

Venue: The Sutton Place Hotel

Address: 955 Bay Street, Toronto, Ontario

TEL.: 416-924-9221

Hotel Reservations

For information on hotel room availability and reservations,

please contact The Sutton Place Hotel at 1-866-378-8866.

When making your reservation, please ask for “The Canadian

Institute’s Corporate Rate”.

Registration Fee

The fee includes the program, all program materials, continental

breakfasts, lunches and refreshments.

Program Materials

Program participants will receive a comprehensive set of program

materials prepared by the speakers. If you have paid and are

unable to attend, these will be shipped to you upon request only.

Request must be received within 30 days upon conclusion of

the program.

Payment Policy

Payment must be received in full by the program date to ensure

admittance. All discounts will be applied to the Program Only fee

(excluding add-ons), cannot be combined with any other offer,

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to individuals employed by the same organization. Groups of 4

will be invoiced individually at 25% off the available rate at

the time of registration. For groups of 5 or more please call

1-877-927-7936 for additional discounts.

Cancellation and Refund Policy

You must notify us by email at least 48 hrs in advance if you wish

to send a substitute participant. Delegates may not “share” a pass

between multiple attendees without prior authorization. If you are

unable to find a substitute, please notify The Canadian Institute

in writing no later than 10 days prior to the program date and

a credit voucher will be issued to you for the full amount paid.

Credit Vouchers are valid for 1 year and are redeemable against

any other program by The Canadian Institute. If you prefer, you

may request a refund of fees paid less a 25% service charge. No

credits or refunds will be given for cancellations received after 10

days prior to the program date. The Canadian Institute reserves

the right to cancel any program it deems necessary and will, in

such event, make a full refund of any registration fee, but will

not be responsible for airfare, hotel or other costs incurred by

registrants. No liability is assumed by The Canadian Institute for

changes in program date, content, speakers or venue.

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