Workshop B:
2:30 PM – 4:00 PM 
Core Training Part I: Money Laundering and the U.S. Requirements – The Operation and Global Application of the Bank Secrecy Act and Its Regulations

If you operate or do business in the United States, home of the most aggressive and punitive money laundering regulatory scheme in the world, you must know the regulations, how they affect you and how to comply.  This is true whether you work in banking, securities, money transmitting, mutual funds, insurance or a government agency.  If you do not know these regulatory duties, the consequences can be devastating.

This workshop is the first in a two-part series designed to help you understand the U.S. Bank Secrecy Act and its regulations, as amended by the USA Patriot Act.

Whether you are new to the money laundering field, or a veteran who needs a refresher of these important requirements, you should not miss this workshop. You will learn how the 76 BSA regulations - which cover the full range of 25 or so industries covered by the BSA - affect everything from currency transaction reporting to the required elements of customer identification and anti-money laundering programs. Here, you receive expert guidance and instruction on what the United States regulations are, including those of the Office of Foreign Assets Control (OFAC), how they work and to whom they apply.  Acquire the basic know–how you need to effectively manage risks and safeguard your institution. Attend this workshop and learn how to keep your organization compliant and your career on an upward swing.  

Part II of this Core Training series will teach you how the potent U.S. criminal money laundering and forfeiture laws work and how they apply to you today.

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.