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TRANSCRIPT
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The web seminar has not yet started:A sound check will be performed 5 minutes before the start time.
COPYRIGHT NOTICE – USE OF WEBEX LOGIN/PASSWORD FOR ACAMS WEB SEMINARS
Each site license entitles registrant to one login: one phone connection (if accessing audio via teleconference) and one Internet connection for simultaneous Webcast, in one room where an unlimited number of listeners may participate.
Providing your login instructions and password to another for their use, using your login ID/password more than once, or any simultaneous or delayed transmission, broadcast, re-transmission or re-broadcast of this event to additional sites/rooms by any means (including but not limited to the use of telephone conferencing services or a conference bridge, whether external or owned by the registrant) or recording is a violation of U.S. copyright law and is strictly prohibited.
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• Can you hear the
sound check?
• It has begun
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If you cannot hear me speaking:Listen through your computer speakers
On the Webex menu click COMMUNICATE and
AUDIO BROADCAST. During the event, if the audio stops,
just press STOP, wait 5 seconds, then press PLAY. That often fixes problems.
OR listen through your telephone
Look in your registration email to see country-specific
telephone numbers and today’s Webex teleconference “access code.”
WebEx Technical Support Send a message to me via the Q&A boxor call WebEx Technical Support:
From US & Canada 1-866-229-3239
From other countries +1-916-229-3239
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Questions?
The Q&A box is in the bottom right hand corner
Type your question and click send!
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Automatic CAMS creditFor both paid events and free events, every attendee will receive 1 CAMS credit per hourof live event. That is automatic in our system, so you do not need to request it.
Other CPE CreditPlease contact the granting organization for alternative credit(s). ACAMS processes only CAMS credit(s).
Certificate upon requestFor paid events only, every registered name can request one certificate of attendance.Please use the link in the confirmation email you received from ACAMS about today’s event.
Certificates are not available for free events.
Additional questions? Please contact [email protected].
The web seminar has not yet started.
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Welcome to the ACAMS Web Seminar
Preview of the 2015 ACAMS moneylaundering.com International AML & Financial Crime Conference
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Speakers:
Dennis LormelPresident & CEODML Associates
Angela MeleCo-Founder
RiskPass
Cindy SadaphalAttorney at Law
Trinidad and Tobago
Stephen ThompsonNational AML Coordinator
The Bahamas
Moderator:
Kieran Beer, CAMS
Editor in Chief
ACAMS moneylaundering.com
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• Celebrating 20 Years of Our Annual Conference
• Keynote Speakers Include Leslie Caldwell, assistant attorney general in charge of the criminal division, Dept. of Justice
• Rene Bruelhart, head of the Vatican’s Financial Information Authority
• Global Perspectives: FATF, FATCA, Global Regulation, the Caribbean
• Counter-Terror Panel
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Gaining New Insights On Beneficial Ownership
• Analyzing the FATF standard
• The U.K. registry
• Evolving U.S. standards
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FATCA Compliance Updates
• Model Agreements I and II
• Model I: Allows financial institutions to hand over data to their governments, which makes it available to U.S. counterparts upon request
• Model II: Requires foreign banks to report directly to U.S. agencies
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• Practical Advice on Choosing the Right FATCA Agreement
• Other tax treaties, including with the U.K.
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• FATF: The Fourth Round of Mutual Evaluations
– Lessons from Spain and Norway
– “Effective compliance” standard
– COMING SOON
– Trinidad and Tabago Jan.2015
– Cayman Q1 2017
– Bahamas Dec. 2015
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• FATF: Preparing for the Process
• National Risk Assessment
• Role of the Caribbean Financial Action Task Force
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• Addressing ISIS at the FATA Plenary in Paris, Oct. 2014
• Commitment to allocate more resources to uncover ISIS funding sources and methods
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• Existing CTF Recommendations:• Investigate and prosecute organizations and individuals (even absent
specific terrorist act)
• Implement targeted financial sanctions on individuals and entities
• Ensure non-profits aren’t being abused
• CDD, correspondent banking controls
• Licensing and monitoring money services
• Cash declaration/disclosure systems
• Propagate international cooperation
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• Counter-Terrorism Finance
• David Coleman Headley – Daood GilaniName Change
Dropping off the grid for weeks or months
Travel to high-risk areas
No visible means of support
ATM withdrawals
Online and mobile banking – IP addresses
Some information did come from a bank
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ISISPotentially corporate or individual clients: How do you identify
them?
Corporate – Sources of FundingOil – Syria/Iraq
‘Taxation’/Extortion
Ransom
Looting Antiquities
Wealthy Donors
Charitable Funding
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Individuals: North American/European
• Using banks
• Inactivity
• IP logins from areas of conflict
• ATMs in areas of conflict
• Wire transfers in areas of conflict
• Social Media
• Non-profit activity
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If you have additional questions for today’s experts,or
suggestions for future web seminars,
please send those to:
Thank you for joining us today!
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Future Web SeminarsNOV 12 – Case Study: Western Express: An Exposé of Digital Crimes
Investment AdvisorsLevel: AllNoon to 2:00pm EDT
NOV 19 – Improving Audit Testing of Anti-Bribery and Corruption FunctionsLevel: Basic/Intermediate Noon to 2:00pm EDT
NOV 20 – Changing the AML game – from reporting to rejecting suspicions?Level: All Noon to 2:00pm EDT