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Finance, Banking and Capital Markets

Mastering AML & KYC - New York

New York |
Speakers include:
Jamal El-Hindi

Jamal El-Hindi

Financial Crimes Enforcement Network

Salvatore Scotto

Salvatore Scotto

HSBC North America Holdings

Nikhil   Aggarwal

Nikhil Aggarwal

Standard Chartered Bank

Overview

Since the financial crisis, Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have become a key concern in the boardrooms of banks. Compliance costs are rising sharply and missteps can result in fines of billions of dollars. The growing burden of AML and KYC regulation requires a dual approach from the banking community.

Firstly, individually, organisations must accept that AML and KYC are no longer compliance-only issues, and instead impact every area of the business including operations, legal, risk and tax. Secondly, as a sector, banking must learn how to collaborate on KYC and AML – for it is only through a co-ordinated response that banks can truly mitigate the rising cost of compliance. 

Mastering AML and KYC, chaired by The Banker Magazine's Michael Imeson, will explore the challenges and opportunities of successfully integrating AML and KYC controls into operational structures. Importantly, it will also enable senior bank executives to identify prospective areas of collaboration and accelerate the emergence of an industry wide response.

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fallback Add to my Calendar 06/02/2014 08:15:0006/02/2015 18:00:00trueMastering AML & KYC - New YorkSince the financial crisis, Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have become a key concern in the boardrooms of banks. Compliance costs are rising sharply and missteps can result in fines of billions of dollars. The growing burden of AML and KYC regulation requires a dual approach from the banking community.Firstly, individually, organisations must accept that AML and KYC are no longer compliance-only issues, and instead impact every area of the business including operations, legal, risk and tax. Secondly, as a sector, banking must learn how to collaborate on KYC and AML – for it is only through a co-ordinated response that banks can truly mitigate the rising cost of compliance. Mastering AML and KYC, chaired by The Banker Magazine's Michael Imeson, will explore the challenges and opportunities of successfully integrating AML and KYC controls into operational structures. Importantly, it will also enable senior bank executives to identify prospective areas of collaboration and accelerate the emergence of an industry wide response.Mastering-AML-&-KYC---New-York68ae72db9cf8c62a46f7a1f3c1824f51MM/DD/YYYY

Keynote Speaker (2)

Jamal El-Hindi

Jamal El-Hindi

Associate Director, Policy Division
Financial Crimes Enforcement Network

Jamal El-Hindi is the Associate Director for the Policy Division of the Financial Crimes Enforcement Network (FinCEN).  In this capacity, he oversees the regulatory and strategic policy functions for the Agency.  Prior to assuming this position, Mr El-Hindi served as the Associate Director for Program Policy & Implementation at the Office of Foreign Assets Control in the U.S. Department of the Treasury from June 2005 to June 2006. In that capacity he oversaw OFAC’s Compliance Outreach Division, Licensing Division and Policy Division.

Previously, he was an Attorney-Advisor in the Office of Chief Counsel (Foreign Assets Control) within Treasury’s Office of the General Counsel, where he served as a legal advisor on various economic sanctions programs. Before joining Treasury in December 2000, Mr El-Hindi was an associate at Patton Boggs LLP in Washington, D.C., where his practice focused on U.S. regulation of international business transactions, representation of foreign sovereigns and international banking litigation. He is a past president of the Washington Foreign Law Society.  

Mr El-Hindi graduated from the University of Michigan Law School, received a Master of Arts in Modern Middle Eastern & North African Studies from University of Michigan, a Diploma in International Relations from the London School of Economics & Political Science, and an undergraduate degree in Journalism from the University of North Carolina.

Salvatore Scotto

Salvatore Scotto

Former Head of US Economic Sanctions
HSBC North America Holdings

Salvatore Scotto is former Head of US Economic Sanctions at HSBC North America Holdings (“HNAH”), joining HSBC from the U.S. Department of the Treasury, Office of Foreign Assets Control (“OFAC”).   He is credited for transforming the legacy sub-par sanctions program into a precise, sustainable, robust and agile sanctions compliance program, accomplished through targeted restructuring of infrastructure and enhancing subject matter expertise in key sanction disciplines.  Mr Scotto is a proven financial services and government professional with over 30 years in domestic and international banking, trusts, insurance, and securities; including significant technical and managerial responsibilities such as developing, coordinating, and implementing robust compliance programs and business processes. He brings to the table extensive knowledge of domestic and international AML Compliance, Financial Intelligence, Project Management, Consumer Products, and Payment System (Wire, ACH, and Securities) operations.  He is considered a subject matter expert in regulations pertaining to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), U.S.A. Patriot Act, and U.S. economic and trade sanctions.  Most notable were his roles as a former chairman of the National Regulatory & Risk Committee of the International Financial Services Association, the Clearing House – OFAC Working Group, and the United Nations Working Group on Terrorist Sanctions programs, Bank Secrecy Act Advisory Group to name a few.  At the Office of Foreign Assets Control, he specialized in Compliance and Outreach programs and served as a subject matter resource to the various industries and law enforcement on a wide range of issues relating to US economic sanctions compliance.  At OFAC, he also participated in enforcement actions.  In addition to his outreach responsibilities, he worked with regulators, other governmental agencies and foreign officials to address OFAC related concerns.  Prior to his career at U.S. Department of the Treasury, he was instrumental in establishment of the Economics Sanctions and AML Programs for Bank of America.

Speakers (18)

Nikhil   Aggarwal

Nikhil Aggarwal

Regional Head of Analytics, Financial Crime Compliance, Americas
Standard Chartered Bank

Nikhil Aggarwal is the Regional Head of Analytics for the Financial Crime Compliance (FCC) at Standard Chartered Bank. He is also the Global Technical Lead for Surveillance Analytics.   He leads the end-to-end activities related to AML Surveillance systems optimisation and parameter tuning through deployment of statistical techniques and analytics tools.

Mr Aggarwal previously led the Group MI and Analytics function at SCB and oversaw the design and development of the FCC reporting and metrics suite. He has worked on a range of analytics initiatives to convert internal data into actionable intelligence including the Group Risk Assessment, and cross-border payments and client analysis.

He has 16 years experience in business analytics and has extensively used data-mining, financial modelling, statistical modelling and segmentation in his work. Prior to joining SCB, he held analytics positions with Bank of America, Citigroup and Capital One in Singapore and the US. Mr Aggarwal holds an MBA from the Anderson School of Management at UCLA.

Duncan  DeVille

Duncan DeVille

BSA/AML Officer and Senior Vice President
Western Union

Duncan DeVille is the BSA/AML Officer and a Senior Vice President at Western Union, where he leads the domestic and international Bank Secrecy Act (BSA)/Anti-Money Laundering (AML)/Counter-Financing of Terrorism (CFT) compliance program.  Concurrent with his work at Western Union, Mr DeVille is an Adjunct Professor of Law at Georgetown University.  Before joining Western Union, Mr DeVille was the Director of the Office of Compliance and Enforcement at the Financial Crimes Enforcement Network (FinCEN), in the US Dept. of Treasury. Prior to this, DeVille was at Booz Allen Hamilton where he created and led the commercial BSA/AML/CFT compliance practice.  Before joining Booz Allen, Mr DeVille held his first US Treasury Department position, as a Senior Financial Enforcement Advisor with Treasury’s Office of International Affairs.  In 2003, Mr DeVille volunteered to serve as a civilian advisor with the US Department of Defense in Baghdad, Iraq until 2004.  Previously from, Mr DeVille held two visiting academic positions; a one-year appointment as a Visiting Scholar at Harvard Law School, and prior to this he was a Kennedy Public Service Fellow at Harvard’s Kennedy School of Government, where he served as Editor-in-Chief of Russia Watch. Concurrently, he worked as a Senior Consultant to the RAND Corp.  Before this, Mr DeVille was a prosecutor for over a dozen years. He was an Assistant US Attorney in Los Angeles with the US Department of Justice’s Organized Crime Strike Force.  Prior to advancing to this federal prosecutor position, Mr DeVille worked as a prosecutor at the state level, as a Special Assistant Attorney General.  Prior to advancing to this state position, he worked as a prosecutor at the city level, as a Deputy District Attorney in Denver.  Mr DeVille earned graduate degrees from Oxford, Harvard, and the University of Denver, and his undergraduate degree from the University of Louisiana.

Anthony  Fenwick

Anthony Fenwick

Global Head of Treasury & Trade Solutions AML Risk Management
Citi

Anthony Fenwick is the Global Head of the AML Advisory Compliance department for Citi’s Treasury and Trade Solutions (“TTS”). Anthony works closely with Global business and internal partners to ensure that TTS has effective AML controls.

Anthony has worked at Citi for 11 years all within AML Compliance, working on most of the major infrastructure and Compliance development projects Citi has undertaken including the implementation of the automated monitoring system and more recently the enhanced due diligence program for Citi cash management relationships with a focus on correspondent banking. Prior to Citi, Anthony worked at HSBC and Barclays Capital.  He has a Diploma in Investment Compliance from the UK Securities Institute in London.

Jim Finnerty

Jim Finnerty

Senior Vice President and Associate Deputy Global Anti-Money Laundering Officer
TD Bank Group

Jim Finnerty is currently Senior Vice President and Associate Deputy Global Anti-Money Laundering Officer for TD Bank, N.A., America’s Most Convenient Bank.  In August 2011 he led TD’s 130-person Financial Intelligence Unit in the United States. He first joined TD in March 2011 as Group Manager of the Global Special Investigations Unit of the Global Financial Intelligence Unit.

Prior to this In 2009, he held the role of Senior Counsel, Compliance and Regulatory, for General Electric Capital-Americas, where he focused on internal investigations, including those related to corruption, employee misconduct, money laundering, and fraud.  He joined the global corporate lending and equity investment division of General Electric Capital as its Deputy Chief Compliance Officer in 2006, where, among other things, he built and then managed the division’s anti-money laundering program.  He also has acted as a consultant on anti-corruption matters, including Foreign Corrupt Practices Act-related issues, to a leading global management consulting, technology services, and outsourcing company where he advised Legal, Compliance, and international business units on third party intermediary and transaction due diligence, and country and transaction corruption risk and mitigation.  Before this, Mr Finnerty was an Assistant United States Attorney in the United States Attorney’s Office for the District of Connecticut.  As a federal prosecutor, he investigated and prosecuted complex frauds, violent criminal organizations, and public corruption.   

Mr Finnerty received a Bachelor of Arts in International Studies and a Master of Arts in International Relations and International Economics from The Johns Hopkins University.  He received his JD from Fordham University School of Law.  He is a Certified Anti-Money Laundering Specialist and teaches corporate compliance and ethics at Quinnipiac University School of Law.

Polly Greenberg

Polly Greenberg

Chief, Major Economic Crimes Bureau
New York County District Attorney's Office
Georges  Korsun

Georges Korsun

Managing Director
PwC

Georges Korsun is an economist with substantial experience in the statistical analysis of large data sets, designing sampling strategies for commercial and research applications in the financial sector, and in the validation of a variety of AML models. For the last seven years, he has been focused on applying analytics tools to enhance AML and other compliance programs for a broad range of clients ranging from large global banks to mid-size full service banks and investment houses.  His recent experience includes directing more than a dozen AML model validation engagements, including transaction monitoring models, watch list filtering models, and customer risk rating models. He has also led teams building quantitative AML and sanctions risk assessment models and conducting fraud and trade surveillance model validations. He has also led efforts to assist clients to build model validation and compliance analytics departments as well as develop the policy framework and detailed methodologies for conducting AML model validations.

Prior to joining PricewaterhouseCoopers, he was the head of AML Analytics at another big four firm. Prior to that, he was Associate Director of the IRIS Center in the Department of Economics at the University of Maryland, where he taught and conducted research on international commercial law and economics.

In addition to his AML work, he has also served as an expert witness in the areas of sampling and survey design in litigations and regulatory matters. He has served as a speaker or panelist at a number of industry conferences and meetings and has led industry roundtables on AML model validation.  Mr Korsun has a M.A. and PhD in Economics from the University of Maryland and a B.S. in Architecture and Urban Planning from Kent State University.

Heather  Lowe

Heather Lowe

Legal Counsel & Director of Government Affairs
Global Financial Integrity

Heather Lowe serves as Legal Counsel and Director of Government Affairs at Global Financial Integrity, spearheading the organization’s advocacy efforts in the U.S. and internationally. Ms Lowe is active in the anti-corruption, anti-money laundering policy, and international tax reform communities, coordinating with civil society, government officials and intergovernmental organizations in a variety of countries to promote policies to curtail illicit financial flows. She is one of two civil society representatives participating in industry consultations on the international anti-money laundering guidelines known as the FATF Recommendations, is actively involved in the OECD's BEPS initiative, has served as a member of the OECD’s Anti-Bribery Working Group, and is a member of the World Economic Forum's Council on Transparency and Anti-Corruption.  Ms Lowe is a leader within the civil society community working on illicit financial flows, serving as Vice Chair of the global Financial Transparency Coalition and as a member of the Steering Committee of the US-focused Financial Transparency and Corporate Transparency (FACT) Coalition. Ms Lowe has presented at numerous international conferences and webinars on money laundering, corruption and offshore tax evasion and avoidance. She is frequently quoted in mainstream press such as the Wall Street Journal, the New York Times, Reuters, and Bloomberg, and has appeared as a guest on CNN, Fox Business News, the BBC and RT TV as well as various radio programs.  Ms Lowe brings international legislative experience and banking and finance law experience to her role, having worked as an aide to a British Member of the European Parliament in Brussels and as a banking and finance attorney at both Clifford Chance LLP in London and Bingham McCutchen LLP in Boston.  

Suzanne	 Lynch

Suzanne Lynch

MS Professor of Practice-Economic Crime Director, Economic Crime Management Program School of Business & Justice Studies
Utica College
David 	 MacNair

David MacNair

Global Director of Inquiries & Surveillance, Investment Banking
Barclays

David MacNair is currently the Global Director of Inquiries & Surveillance for the Investment Banking Division at Barclays.  He has 25 years of regulatory and compliance experience in the financial services sector, the last 15 years of which has been in Financial Crime program management.  He currently holds the FINRA Series 3, 7, 8, 14, 24 and 63 licenses and previously held certifications as a Certified Fraud Examiner (CFE) and Certified Anti-Money Laundering Specialist.  Mr MacNair is also an Arbitrator serving FINRA arbitrations.

Irwin	 Nack

Irwin Nack

Chief Compliance Officer
Bank of Tokyo MUFG

Irwin Nack is Chief Compliance Officer for the Americas and General Manager for The Bank of Tokyo-Mitsubishi UFJ, Ltd. He is charged with responsibility for management and oversight of the compliance program applicable to the Bank’s operations in the Americas. Additionally, he heads BTMU’s Global Sanctions Advisory Group, the in-house center of expertise that supports global development, implementation and maintenance of robust sanctions compliance practices across the firm. Mr Nack is also a General Manager for Mitsubishi UFJ Financial Group (MUFG) with compliance oversight of the U.S. operations of MUFG, a complex global financial firm with assets exceeding $2 tn. Since 2012 he has served as a BTMU representative member of the Wolfsberg Group.  Before joining MUFG in 2007, Mr Nack was Director of Anti-Money Laundering for TD Banknorth, N.A. He joined TD Bank’s predecessor organization in 2004 where he led the effort to address significant anti-money laundering compliance criticism by law enforcement and bank regulatory authorities. Prior to entering the private sector, Mr Nack was Investigative Counsel for the NY State Banking Department, conducting/supervising investigations and advising the Superintendent of Banks and senior staff on regulatory enforcement matters. From 1988 to 1995, Mr Nack was a prosecutor in the New York County District Attorney’s Office. He spent five years as a trial attorney prosecuting all levels of misdemeanor and felony criminal offenses and subsequently transferred to the Investigations Division where he investigated and prosecuted complex financial crime cases. Mr Nack graduated cum laude from the State University of New York at Albany where he doubled majored in History and Criminal Justice. In 1988, he received his law degree from New York Law School where he was Editor-in-Chief of the Journal of International & Comparative Law.

Maria Pedulla

Maria Pedulla

Americas Deputy Head of Anti-Money Laundering (AML)
Credit Suisse

Maria Pedulla is the Americas Deputy Head of Anti-Money Laundering (AML) for Credit Suisse based in New York. She is responsible for managing and directing Credit Suisse’s Client Identification and Due Diligence program (“CID Program”) for its Investment banking, Private banking and Wealth Management businesses in the Region in coordination with the Regional Anti-Money Laundering (AML) Head.  She has 25 years of banking and brokerage experience. Her wealth of knowledge and subject matter expertise in various business lines, and shared services has allowed her to excel in her current position.

Before joining Credit Suisse, Ms Pedulla enjoyed a successful regional role in Shared Services, and afterwards was offered an opportunity to build and implement a new Global Team focusing primarily on US/UK Credit Suisse trading entities in the Front Office called Client Data Management & Control. She previously held an exciting position in Shared Services Organization managing the IB Reference Data Group.

Prior to this, she joined First Boston in April 1989 as a specialist in the Product Master Group. Her career has spanned multiple organizations within First Boston where she ascended into several managerial positions in Foreign Exchange Operations, Prime Services, FX Trade Support, Investigations & Compensations, and Corporate Sales. Significant milestones and achievements during her early years in Fist Boston included: the September 11 business recovery initiative and leading the migration from a legacy application to the new Web based strategic solution.

Ms Pedulla holds a Bachelor of Science degree in Business, Management and Finance from Brooklyn College, Brooklyn, NY and is a member of the SIFMA AML & Financial Crimes Committee and AML Peer Group Committee. CAMS Certified.

Houman Shadab

Houman Shadab

Legal Advisor
DIACLE

Houman Shadab is a Consultant with Diacle and a Professor of Law at New York Law School. His work focuses on financial law and regulation, including hedge funds, derivatives, securitization, commercial transactions, and financial technology. Professor Shadab is a Director of the Center for Business and Financial Law and also serves as the Editor-in-Chief of the Journal of Taxation and Regulation of Financial Institutions. He often advises corporations, financial institutions, and startups on issues relating to compliance, litigation, and operations.  Professor Shadab has testified before the U.S. federal government several times, including before the Commodity Futures Trading Commission on Bitcoin derivatives and before Congress on hedge funds and the financial crisis at a hearing that included George Soros, John Paulson, and other leading figures from the hedge fund industry. Professor Shadab is often invited to speak at academic meetings and those for high level market practitioners and policymakers.  Professor Shadab is the author of numerous academic articles has also written chapters in books published by Oxford University Press and Wiley Finance. Governmental authorities worldwide have cited Professor Shadab’s research, including the Delaware Court of Chancery, the 11th Circuit Court of Appeals, the U.S. Congressional Oversight Panel, and the European Parliament.  Professor Shadab has been quoted in numerous media publications including the New York Times, the Financial Times, and the Wall Street Journal and has appeared on Bloomberg Television. Prior to entering academia, Professor Shadab practiced law with Ropes & Gray in New York City and Latham & Watkins in Los Angeles. He received a B.A. in economics from the University of California at Berkeley and a J.D. from the University of Southern California School of Law.

Michael  Silva

Michael Silva

Chief Regulatory Officer and Compliance Leader
GE Capital

Michael Silva joined GE in 2013. Prior to GE, he was the Federal Reserve Bank of New York’s Senior Supervisory Officer for the Goldman Sachs Group.  Previously, Mr Silva served as Chief of Staff and Senior Vice President for the New York Fed’s Executive Group. He took the position when Timothy F. Geithner was the bank's president. When Mr Geithner became Treasury secretary in 2009, his successor, William Dudley, asked Mr Silva to stay on for another year.  Prior to this Mr Silva was the Senior Vice President from June 2006, at which time he moved from the Legal Group to the Executive Group and became chief of staff having previously held the same responsibilities as Vice President from 1999.  In 1998 he was the Assistant Vice President and became the lead counsel for the New York Fed’s international account relationships and currency distribution.  He also served as assistant secretary of the bank from December 1995 to December 1999.  Earlier on in his career he held positions with increasing responsibilities in the Legal Group and in September 1995 was appointed an officer of the New York Fed with the title of Counsel.  Mr Silva originally joined the New York Fed in August 1992 as a law clerk in the Legal Group.

In 2004, he received the Department of Defense Joint Civilian Service Medal and the Secretary of the Treasury’s Honor Award, both for his service in Iraq as a coalition advisor to the Central Bank of Iraq.  Mr Silva is also the author of A Central Banker in Iraq, Journal of International Business & Law, Spring 2004. Prior to attending law school and joining the bank, he served as an officer in the United States Navy from May 1983 to September 1989.

Mr Silva holds a B.S. degree from the United States Naval Academy and a J.D. from Columbia Law School. He is a member of the New York and New Jersey State Bars.

Stacy  Rosenthal

Stacy Rosenthal

Head of Shared Services Products
SWIFT Americas

Stacy Rosenthal is a team lead for business product solutions supporting the corporate, correspondent banking and market infrastructure landscape.  She joined SWIFT in early 2008 from Bank of America.  While at SWIFT she has been working on key initiatives in payments, treasury, compliance, reference data and business intelligence.  During her time at Bank of America, she was a Senior Vice President, Product consulting in Global Treasury. She served as a subject matter expert for treasury technology, integration, electronic payables, and comprehensive receivables (including Check 21, online payments, ACH, lockbox). She was with Bank of America for five years and worked in enterprise financial software for 10 years prior.  Ms Rosenthal is a frequent speaker at industry events including AFP, Sibos, NACHA and BAFT as a subject matter expert in international payments and cash management.

Seth  Rosensweig

Seth Rosensweig

Partner/ Principal
PwC

Seth Rosenweig is a Partner/Principal at PwC within the Risk & Compliance Systems & Analytics practice, where he leads the Financial Services and Energy Risk teams. He is located in New York and focuses exclusively on banking, capital markets, asset management and energy (trading operations) clients. He has more than 20 years of advising clients around designing and implementing data management, analytics and advanced technology solutions related to the regulatory, risk and compliance agenda. He has led large engagements for global clients focused on improving data governance and information management. His primary focus areas include regulatory risk reporting & analytics, including capital, liquidity, treasury & enterprise risk, AML/BSA, fraud, and trade compliance.

He speaks frequently at industry risk and compliance events and is quoted in industry trade publications. He also speaks on topics related to data governance, data quality, Big Data, technology and analytics.  Mr Rosenweig earned a Masters degree in business/management from Columbia University and earned a Bachelors degree from the University of Delaware. He also has a CISA designation.

Dan Taylor

Dan Taylor

Principal
DLTAYOR Consulting, Former Managing Director, Global Market Infrastructures, J.P. Morgan

Dan Taylor is the principal of DLTAYLOR Consulting, LLC. He has 40 years experience in the field of international banking. Prior to starting his consulting practice he was Managing Director and Global Market Infrastructures Executive for J.P. Morgan’s Corporate and Investment Bank. At J.P. Morgan he coordinated the firm’s activity with industry associations, public policy authorities, international market infrastructures and other financial institutions and was a member of the Global Trade Management Committee.

Prior to joining J.P. Morgan, Mr Taylor was President and Chief Operating Officer of BAFT-IFSA and prior to the merger of BAFT and IFSA was President and CEO of the International Financial Services Association for 21 years.  Mr Taylor is currently Senior Advisor to the Executive Committee of the International Chamber of Commerce, Banking Commission in Paris, France, member of the Financial Crime Risk and Policy Group and member of the ICC Academy Academic Committee. From 1996 to 2014 he served as a Vice Chairman of the Banking Commission and served as Chairman of the Commission’s Executive Committee.

During his 26 year involvement with the ICC Banking Commission he has served as co-chairman of the Bank Payment Obligation Working Group, member of the drafting groups for the last two revisions of the Uniform Customs and Practice for Documentary Credits (UCP 500 and UCP 600) and co-chairman of the ICC Working Group that created the supplement to the Uniform Customs and Practice for Documentary Credits for ecommerce (eUCP). Additionally he was Chairman of the working group that created the Uniform Rules for Bank-to-Bank Reimbursements Under Documentary Credits and was a member of the working group that created the International Standby Practices (ISP98).  Mr Taylor has participated in the U.S. Department of the Treasury, Bank Secrecy Act Advisory Group and the Financial Action Task Force Private Sector Consultative Forum.  Mr Taylor was an advisor to the US National Conference of Commissioners on Uniform State Law Drafting Committee for the revision of the Uniform Commercial Code Article 5 and has been actively involved in a number of projects of the United Nations Commission on International Trade Law.  Mr Taylor has published numerous articles on financial services and is the author of The Complete UCP, Texts, Rules and History 1920 to 2007, Bank-to-Bank Reimbursements under Documentary Credits - A practical guide to daily operations and co-authorof the Guide to the eUCP.

David Wildner

David Wildner

Managing Director, Head of AML Oversight, Compliance and Ethics
BNY Mellon

David Wildner is the US Head of Anti-Money Laundering for BNY Mellon, responsible for all aspects of USD activity across the institution.  He is also the chairman of BNYM’s global Anti-Money Laundering Oversight Committee.  Previously he was the global head of AML Surveillance at BNYM.  Mr Wildner has 10 years experience in the AML field and has also held roles at HSBC and Citi Private Bank.  Prior to working in the financial services area he spent 20 years in US Law enforcement conducting international money laundering and narcotics trafficking investigations.   

Alan Williamson

Alan Williamson

Director, Financial Crime Compliance, Wealth and Investment Management, Americas
Barclays

Alan Williamson has held the role of Director of Financial Crime Compliance at Barclays Wealth and Investment Management for the Americas since 2013.  Here he is responsible for financial crime compliance, including anti-money laundering, sanctions, anti-bribery and corruption and has managed financial crime aspect of conversion from self-clearing to fully disclosed clearing arrangement.   

Prior to this from 2010 – 2013 he was Director of Anti Money Laundering Compliance at Wells Fargo Advisors, LLC; First Clearing Corporation where he was responsible for anti-money laundering compliance KYC, EDD, and SAR procedures, training, and processes in retail and clearing environments.  He also implemented global monitoring and surveillance system, procedures for control of account opening and EDD processes.   From 2008 – 2010 he was Managing Director, Forensics at KPMG, LLP and was Director of Compliance, Private Banking, Global Transaction Banking at HSBC Securities (USA) from 2006 – 2008, where he was responsible for general and anti-money laundering compliance in the United States for private banking, global transaction banking and also previously held the role of Director of Anti-Money Laundering Compliance, North America Markets.  Earlier on in his career Mr Williamson has worked at Merrill Lynch, Pierce Fenner & Smith, and Morvillo, Abramowitz, Grand, Iason & Silberberg.  

Mr Williamson attended New York University School of Law where he received his J.D. Degree in Criminal Law Clinic and was a Research Assistant to full professors of Criminal Law, Family Law.  He received his B.A. from Emory University and Co-founded an experimental theatre company.  He is a member of SIFMA Anti-Money Laundering Committee and has published Corporate Sentencing: A Current Perspective, NY Bar Association Press 1991

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Agenda - 2nd Jun

  • 8:15am
    Registration
  • 9:00am
    Welcome Remarks

    Michael Imeson, Contributing Editor, The Banker

  • 9:05am
    Opening Keynote: The regulatory perspective
    • Despite common regulatory themes put forward globally, there is still room for them to be interpreted and implemented differently. What is the best strategy to account for these discrepancies?
    • How can banks ensure the outcome of implementing regulations matches the regulators desired results?
    • How do regulatory environments vary between different jurisdictions and in what ways are they consistent?
    • Regulations will continue to increase and evolve. How can banks keep up with these changes and implement adequate structures to remain compliant?
    • How can banks partner up to utilise skills and services which they may not have themselves, on an individual level?

    Jamal El-Hindi, Associate Director, Policy Division, Financial Crimes Enforcement Network 

  • 9:40am
    Panel: The challenges of implementation and execution for banks
    • What regulators require of financial institutions is not always clear. How can regulators’ demands be accurately interpreted?
    • How are banks balancing US and cross border requirements?
    • How are banks balancing the need for a comprehensive, enterprise-wide, cross-channel, predictive approach to fraud prevention with taking a narrow, reactive and targeted response?
    • What are the best operational strategies to ensure only the alerts that are worth investigating get triggered?
    • How can organisations ensure they don’t lose out on business by wrongly assessing the customer?
    • What is the appetite for collaboration between banks?

    Irwin Nack, Chief Compliance Officer, Bank of Tokyo MUFG
    Maria Pedulla, Americas Deputy Head of Anti-Money Laundering (AML), Credit Suisse
    Alan Williamson, Director, Financial Crime Compliance, Wealth and Investment Management, Americas, Barclays

     

  • 10:25am
    Panel: In house vs outsourcing
    • What are banks doing for themselves? How important is external help and what can they bring to the table?
    • Regulators have made it very clear that the responsibility will still always lie with the banks and not third party entities. With this in mind, to what extent can “outsourcing” to external expertise help with AML and KYC initiatives?
    • How do you make AML and KYC initiatives of board level priority and make the case for investment?
    • How will the reference data service help with this? What is it and what does it aim to achieve?
    • What advantages are there for banks to collaborate and pool their data? What are the potential risks and limitations involved?

    Anthony Fenwick, Global Head of Transaction and Treasury Solutions Advisory AML Compliance, Citibank
    Stacy Rosenthal, Head of Shared Services Products, SWIFT Americas
    Dan Taylor, Principal, DLTAYOR Consulting, Former Managing Director, Global Market Infrastructures, J.P. Morgan

  • 11:10am
    Networking Break
  • 11:30am
    Panel: Effective use of technology in combating financial crime
    • How are financial institutions deploying technology in their efforts to combat financial crime?  What are the challenges these institutions are experiencing in doing so?
    • What are the wider regulatory expectations in relation to the use technology in financial crime compliance?
    • How can you ensure that senior management, as well as operational and compliance stakeholders, have visibility as to how risks are impacting the business?
    • What are the drivers for increased data capture in order to assist with KYC and AML initiatives?
    • How do changing customer interactions affect data levels?
    • How can compliance analytics be used to identify high risk customers?

    Nikhil  Aggarwal, Regional Head of FCC Analytics, Americas Financial Crime Compliance, Standard Chartered Bank 
    Georges Korsun, Managing Director, PwC
    Seth Rosensweig, Partner/ Principal, PwC
    David Wildner, Managing Director, Head of AML Oversight, Compliance and Ethics, BNY Mellon

  • 12:30pm
    Breakout: What is the biggest problem you are facing with regards to implementing AML and KYC initiatives?
  • 12:55pm
    Lunch
  • 1:55pm
    Interview: Balancing regulation and innovation
    • Do regulators have too much power in saying who banks can and cannot do business with?
    • In a stringent regulatory environment, with shrinking margins, to what extent are regulations inhibiting development of new ways of banking?
    • Are banks reacting to regulatory measures by de-risking to an extent which hinders the progress of innovation?
    • Customers are using new devices and technologies to bank with.   What effect does this have on existing architecture?
    • Where is this innovation coming from?  What are start ups offering?

    Duncan DeVille, BSA/AML Officer and Senior Vice President, Western Union
    Michael Silva, Chief Regulatory Officer and Compliance Leader, GE Capital

  • 2:25pm
    Panel: Identity
    • What is the definition of identity? How is it validated? Who decides what the right level of information is, when identity checks are made?
    • How far should institutions go when capturing customer data and information?
    • Are there alternative, more intelligent and less invasive ways of identity checking?  
    • How do banks ensure they are retaining “good” customers, and what is the definition of a “good” customer

    Jim Finnerty, Senior Vice President and Associate Deputy Global Anti-Money Laundering Officer, TD Bank 
    David MacNair, Director of Investigations and Surveillance, Americas, Barclays
    Suzanne Lynch, MS, Professor of Practice-Economic Crime, Director, Economic Crime Management Program, School of Business & Justice Studies, Utica College

  • 3:10pm
    Networking break
  • 3:30pm
    Presentation: Emerging payment systems
    • What is the best way to address the regulation of digital currencies?

    Houman Shadab, Legal Advisor, DIACLE

  • 4:00pm
    Interview: What went wrong?
    • A look at the causes of failing to comply with AML and KYC requirements and the impact on the customer

    Polly Greenberg, Chief, Major Economic Crimes Bureau, New York County District Attorney's Office
    Heather Lowe, Legal Counsel & Director of Government Affairs, Global Financial Integrity

  • 4:30pm
    Closing Keynote: Looking ahead - What's on the horizon?
    • What are the emerging fraud risks?
    • What type of fraud will pose the biggest threat to the financial sector?
    • How can banks ensure they are prepared for new schemes?

    Salvatore Scotto, Former Head of US Economic Sanctions, HSBC North America Holdings

  • 5:00pm
    Chair's closing remarks

    Michael Imeson, Contributing Editor, The Banker

  • 5:05pm
    Drinks Reception

Who Attends?

FT Live has a reputation for delivering very senior board level audiences to attend a wide range of world class thought-leadership events across the globe for nearly 40 years. 

The Mastering AML & KYC conference has been produced to meet the needs of senior executives from commercial and retail banks including: 

  • Chief Compliance Officers
  • Chief Risk Officers
  • Chief Operating Officers
  • Heads of Regulation
  • Heads of Compliance
  • Heads of Risk
  • Heads of Operations
  • Heads of Technology
  • Heads of Financial Crime
  • Heads of AML
  • Heads of KYC
  • Heads of Legal
  • Heads of Tax
  • Heads of Treasury

*All places are strictly limited and subject to approval of the Publisher.

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Venue

Le Parker Meridien
119 West 56th Street
New York 10019

United States of America

Tel: +1 (212) 245 5000

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CONTACT US

Andrew Campbell
Sponsorship Opportunities
Financial Times
Anoula Rayburn
Speaking Opportunities
Financial Times
Zowie Fort
Delegate Booking and Registration Enquiries
Craig Law
Media Enquiries

Lead Sponsors (2)

Financial Crime is an increasing concern for all financial institutions, from the largest Global organisations to the smallest companies and partnerships. Preventing and detecting Financial Crime is rapidly evolving to be one of their biggest challenges, the impact of which extends well beyond monetary losses to reputation and brand, employee morale, business relations, as well as regulatory censure. Regulators and Law Enforcement Agencies are equally focused on ensuring that both their standards and also those of the financial institutions they regulate are set at the highest level.

PwC has an established global network of Financial Crime specialists, with over 1,500 partners and professional staff across 83 countries working to combat Financial Crime. Areas of particular expertise include AML, KYC, Sanctions and Cybercrime, as well as Anti Bribery and Corruption and all aspects of Trade surveillance and monitoring. PwC works with its clients to provide innovative and advanced solutions for responding to Financial Crime incidents, remediating past deficiencies, developing enhanced operating models, and optimising transaction monitoring systems. A particular focus is also on the development and implementation of advanced technology solutions to help reduce Financial Crime as well as detect any incidents which may arise.

PwC Financial Crime professionals work with all those organisations involved in the fight against Financial Crime, including Banks, Corporates, Regulators, Governments and Law Enforcement Agencies.

PwC helps organisations and individuals create the value they’re looking for. We’re a network of firms in 157 countries with more than 184,000 people who are committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at www.pwc.com

SWIFT is a member-owned cooperative and the world's leading provider of secure financial messaging services. Our messaging platform, products and services connect more than 11,000 banking and securities organisations, market infrastructures and corporate customers in more than 200 countries and territories, enabling them to communicate securely and exchange standardised financial messages in a reliable way. As their trusted provider, we facilitate global and local financial flows, support trade and commerce all around the world; we relentlessly pursue operational excellence and continually seek ways to lower costs, reduce risks and eliminate operational inefficiencies. Headquartered in Belgium, SWIFT's international governance and oversight reinforces the neutral, global character of its cooperative structure. SWIFT's global office network ensures an active presence in all the major financial centres.