Workshop A:
2:30 PM – 4:00 PM         
Dissecting the Recent Major U.S. Justice Department ‘Deferred Prosecution Agreement’ and ‘Civil Money Laundering’ Cases for Their Vital Lessons in Good Compliance

Many of the recent serious actions against banks have been filed not by the regulatory agencies but by the U.S. Department of Justice from Washington or from various U.S. Attorneys’ offices around the nation. American Express Bank International, BankAtlantic in Florida, Union Bank of California, Lloyds TSB Bank, and Bank of Cyprus have suffered forfeitures or face serious lawsuits in which the consequences can be severe. Some of these legal actions have been filed on novel grounds that have few precedents. In some cases the amounts the Justice Department seeks are astronomical and run into nine figures.

In cases filed in New York City by the U.S. Attorney’s Office against the Bank of Cyprus, the government is seeking a judgment against the bank for $162,000,000. In the case filed against Lloyds TSB Bank, the U.S. Attorney’s office is seeking $130,000,000. 

In three “Deferred Prosecution Agreements” filed by the Justice Department, American Express Bank International, in Miami, paid $65,000,000, Union Bank of California paid $32,000,000 and BankAtlantic, in Florida, paid $10,000,000. 

How do these actions commence? How should an institution control the damage from these cases? What is on the horizon? How to gauge the impact on reputation?  Is there a way to mitigate the harm that these actions cause to an institution? What is the role of the regulatory agencies when the Department of Justice and an agency such as the Drug Enforcement Administration or the Federal Bureau of Investigation are the driving forces in the cases?  Is there any way to convince the Department of Justice that the actions against the financial institution should not be brought? 

These are some of the questions that institutions must ask now that the Department of Justice, after several years of relatively little activity in the AML field, emerges as a major player. In this crucial pre-conference workshop, you will hear from experts who understand these cases. They will guide you on how to deal with them and on the many aspects you must confront and deal with now.

Workshop D
4:30 PM – 6:00 PM 
Core Training Part II: Money Laundering and the U.S. Requirements – The Money Laundering Laws and the Major Regulatory Enforcement Role of the U.S. Department of Justice

The U.S. money laundering laws are the most powerful and far-reaching in the world. Over the years since they were first enacted in 1986, the U.S. Congress has increased their coverage, reach and scope, making them the broadest and strongest money laundering laws worldwide. With extraterritorial" provisions and court–imposed "willful blindness" doctrines, the laws represent the most lethal risk that you or your institution anywhere in the world can face.

The USA Patriot Act broadened the scope of the law to include a wider range of financial wrongdoing, including foreign public corruption proceeds and terrorist financing, as prosecutable offenses.  Knowing how these laws work is crucial to the success of the money laundering controls at your institution. It is surprising that many financial institutions do not cover the ins and outs of legislation in their AML training.

This workshop is your chance to remedy that training gap and to hear top experts teach you how the law works, how U.S. government investigators and prosecutors can use it against you and your institution, and how to avoid becoming the target of a criminal money laundering investigation.  You will learn how these laws reach persons and transactions around the world and how the U.S. government can seize accounts, money and other property that are tied to the criminal activity.