Fight Fire with Fire: Everything You Need to Know about the Newest Threats from Trade-based and Technology-based Money Laundering

presented by ACAMS and moneylaundering.com

Trade and Technology: The New AML Battleground
The escalation in trade-based and technology-based money laundering poses serious risks to financial institutions. This seminar will approach the issues head-on, providing you with the intelligence and training you need to guard against becoming the target of money launderers or government investigators.

Seminar Speakers:

	Ross Delston, CAMS Delston is the founder of GlobalAML.com, a Washington, DC-based consulting firm. An attorney and former Federal banking regulator, he specializes in advising multinational financial services firms on BSA/AML compliance issues. In addition, as a consultant to the International Monetary Fund, he has participated in the AML/CFT assessments of eight offshore financial centers. He has written numerous articles on AML issues, including TBML, hedge fund compliance, and independent AML audit. He was recently named Co-Chair of the American Bar Association's International AML Committee.
	Jack Devaney Mr. Devaney is a Supervisory Special Agent with the U.S. Department of Homeland Security, I.C.E. in Ft. Lauderdale and is currently in charge of supervising a federal task force that investigates drug smuggling, money laundering and asset forfeiture issues. He previously worked as Senior Agent in FinCEN, where he was team leader responsible for the State of Louisiana’s money laundering and financial crimes threat assessment, and as a Special Agent with the U.S. Customs Service in New York, where he specialized in money laundering investigations involving Black Market Peso Exchange and Trade Based issues. Jack has also worked for the Internal Revenue Service, Criminal Investigation Division and the Federal Bureau of Investigation.
	Kevin Sullivan, CAMS Investigator, NY State Police, New York, he is the state money laundering investigations coordinator for the HIFCA El Dorado Task Force. He has participated in many investigations at the multi-agency task force, which provides intelligence support to law enforcement and regulatory agencies in money laundering and other financial crime matters. He has over 20 years of police experience, specializing in reverse engineering SAR analysis and review and developing intelligence on the latest money laundering trends. He is the director of AMLtrainer.com and the vice-chair of the ACAMS Metropolitan NY Chapter.
	Carol Van Cleef, CAMS A Partner in the Washington, D.C. office of Bryan Cave LLP, Van Cleef advises U.S. and foreign banking institutions, credit unions, payment processors and other financial services companies on Bank Secrecy Act, AML and OFAC compliance strategies. She works extensively with bill payment service providers, money transmitters and stored value/prepaid cards program participants, including card issuing banks, program managers, processors and distributors in the development, implementation and evaluation of their AML compliance programs. As a member of NACHA 's Council for Electronic Billing and Payment, she authored the legal /regulatory section of NACHA’s white paper on Walk-in Bill Payments.
	Dr. John S. Zdanowicz Professor of finance, Florida International University, Miami, he is the world pioneer in exposing money laundering and suspected terrorist financing through international trade. His first article, with documentation, on aberrant pricing in international trade as a mask for money laundering, was published in Money Laundering Alert in January 1992. He has served as a consultant to the U.S. Customs and the U.S. Justice Department on transfer pricing and money laundering through trade and has presented his research to the European Commission, the Treasury Department’s U.S.-MENA Private Sector Dialogue and international conferences.

More speakers to be announced soon.

Location:
Hilton New York
1335 Avenue of the Americas
New York, New York 10019 United States
Tel: 1-212-586-7000
Fax: 1-212-315-1374
www.newyork.hilton.com

Morning Session:
The Dangers Posed by Trade-Based Money Laundering
Sophisticated, trade-based money laundering schemes can be difficult to detect because the perpetrators are able to put so much distance between themselves and the money laundering process. This seminar will detail the different ways in which trade is used to launder money. You’ll take away the skills you need to profile trade transaction risks, quantify the threat, and minimize your institution’s exposure.

Topics covered will include the following:

• The latest trends in money movement through trade
• Trade and terrorism financing
• Monitoring trade transactions and the red flags that signal risk
• Real-world case studies, with step-by-step analysis and mitigation techniques
• AML issues specific to U.S. exporters, importers and industrial companies
• Available tools for researching trade transactions
• Trade laundering and documentary fraud
• U.S. and international regulatory requirements and the role of Trade Transparency Units
• AML, FCPA and Federal Sentencing Guidelines: how the overlap affects industrial companies

Afternoon Session:
The Illicit Marriage of Money Laundering and Emerging Technologies
Modern technology has greatly advanced our ability to monitor and identify suspicious patterns of activity. However, in the hands of money launderers, that same technology facilitates innovative cyber schemes that make your institution vulnerable to criminal and terrorist exploitation. Our experts will review all the latest trends, red flags, and compliancy issues to bolster your arsenal of weapons with which to fight back effectively.

Topics covered will include the following:

• Pre-paid Cards: Open (ATM/Cash) and closed systems
• E-purse
• Electronic payment systems
• Mobile technology
• Digital currency and precious metals
• E-payments
• Virtual games/universes
• Regulatory and law enforcement case histories
• An International Perspective: FATF and the European Union

To ensure your company and career don’t go up in smoke,
this “Hot Topic” seminar is a must.