Education Seminar

2015 BSA/AML
Regulators have ramped up BSA/AML citations during the past year, a trend that is expected to continue through 2015

Renaissance ClubSport Walnut Creek Hotel

Hyatt Regency Newport Beach

Agencies have put a renewed focus on forcing banks to know their customers’ entire banking relationship, as well as assess their existing and future risk. Banks failing to do the appropriate due diligence on a customer to comply with the Bank Secrecy Act could be symptomatic of broader compliance problems, including a violation of consumer protection laws.

Most banks already have comprehensive systems in place to track suspicious activity. But knowing each customer and how to assess individual risk is more dependent on human judgment, and cannot be easily outsourced to a support system. Some observers said banks may have to improve their training of personnel to look deeper for potential violations.

Agenda

The session will run from 8:20 a.m. to 5:00 p.m., with breakfast provided at 7:30 a.m. and lunch at 12:15 p.m.

8:20 – Welcome & Introductions

8:30 – Keynote Address

  • Jim Richards, Executive Vice President, BSA Officer, Financial Crimes Risk Management, Wells Fargo & Company (Walnut Creek Only)
  • Diego Rosero, Senior Regulatory Outreach Specialist, Office of Strategic Policy, FinCEN (Newport Beach Only)

9:30 – Independent Audits

  • Tammi Steadman, Bank Examiner, Office of the Comptroller of the Currency
  • Kimberly Schaeffer, BSA/AML Examiner, Office of the Comptroller of the Currency (Newport Beach Only)

      Understanding Your Risks in a BSA Independent Audit

  • Hoi Luk, Senior Manager, FI Regulatory Consulting, Moss Adams

This presentation will focus on the due diligence aspects of selecting and reviewing a third party vendor to conduct the financial institution’s BSA/AML/OFAC program. What questions should you be asking and where are the potential weakness and gaps in the independent test.

10:15 – Networking Break

10:30 – Homeland Security Investigations (HSI) for U.S. Immigration and Customs Enforcement (ICE)

       HSI Financial Investigations and SARs:

  • Michael Delaney, Special Agent (Walnut Creek Only)

       Homeland Security Investigations/Cornerstone Overview:

  • Christopher Kuemmerle, Acting Assistant Special Agent in Charge (Newport Beach Only)
  • Nathan Burnham, Special Agent (Newport Beach Only)

Discussions will include an introduction on HSI and its related money laundering investigations, a discussion of SARs, red flag indicators, case studies, trends, and how BSA materials support on-going criminal investigations.

 

11:30 – Suspicious Activity Reporting (SARs)

  • Christy Cornell-Pape, Case Manager – Special Activities, FDIC

12:15 – Lunch

1:15 – Human Trafficking: How Financial Institutions Can Help

  • Rob Norris, Customer Success Manager, Verafin
  • Paul Gauci, Verafin

2:00 – Networking Break

2:15 – System Validation

  • Christy Cornell-Pape, Case Manager – Special Activities, FDIC

3:15 – 2015 CDD & EDD Challenges

  • Tammi Steadman, Bank Examiner, Office of the Comptroller of the Currency
  • Kimberly Schaeffer, BSA/AML Examiner, Office of the Comptroller of the Currency (Newport Beach Only)

4:00 – Emerging Trends

  • Christy Cornell-Pape, Case Manager – Special Activities, FDIC
  • Tammi Steadman, Bank Examiner, Office of the Comptroller of the Currency
  • Kimberly Schaeffer, BSA/AML Examiner, Office of the Comptroller of the Currency (Newport Beach Only)

5:00 – Adjourn

Register By Friday, June 5 and have the opportunity to submit questions in advance on the agenda topics to both the OCC and FDIC. 

Audience

  • BSA/AML Officers
  • Compliance Officers and Managers
  • Risk Managers
  • Operations Managers
  • Internal Auditors
  • General Counsel
  • Senior Bank Managers
  • Directors

Scheduled Speakers

The seminar will be presented by a faculty of consultants and regulators who will offer a wealth of experience in BSA and anti-money laundering.  

Federal Deposit Insurance Corporation (FDIC)

  • Christy Cornell-Pape, Case Manager – Special Activities:

    • Christy is the Case-Manager – Special Activities for the San Francisco Region of the FDIC.  In this role, assumed in 1999, Ms. Cornell-Pape serves as the fraud, BSA/AML and OFAC specialist.  Ms. Cornell-Pape took a key role in the Interagency Working Group responsible for developing the original Interagency BSA/AML Examination Manual released in June 2005 as well as July 2006 and August 2007 updates.

      Ms. Cornell-Pape joined the FDIC in 1991 in Baton Rouge, Louisiana, during the height of the banking crisis.  She became a commissioned examiner in 1994 and transferred to San Francisco in 1997.  Christy earned her Bachelor of Science degree in Business Administration from California State University, Northridge.  In addition, she completed Graduate Banking School at Louisiana State University in June 2006.  She is also a Certified Anti-Money Laundering Specialist and a Certified Fraud Examiner.

Office of the Comptroller of the Currency (OCC)

  • Kimberly Schaefer, BSA and AML Bank Examiner (Newport Beach Only):

    • Kimberly Schaefer has over 10 years of broad BSA/AML compliance experience ranging from regulatory examinations, look-back reviews, forensic investigations, monitoring software implementations, and compliance program enhancements for national and international banks. She joined the Office of the Comptroller of the Currency (OCC) in 2013 from PricewaterhouseCoopers LLP where she was a senior regulatory consultant for large financial institutions. As a BSA/AML specialist within the OCC’s Western District, Kimberly leads complex BSA/AML examinations for the community banking division. She earned a bachelor’s degree in Business Economics and Accounting from the University of California at Santa Barbara.  Kimberly is a CPA and CAMS.
  • Tammi Steadman, CAMS, BSA and AML Bank Examiner:
    • Tammi Steadman has over 21 years of regulatory and financial industry experience. Ms. Steadman joined the Office of the Comptroller of the Currency (OCC) as BSA/AML specialist in November 2012 and has participated in BSA examinations at community banks throughout the Western District. She currently serves as Chair of the District’s Anti-Money Laundering Group.  Prior to joining the OCC, Ms. Steadman was a community banker for 19 years holding several positions including BSA Officer, Compliance Officer and CRA Officer.  She is a Certified Anti-Money Laundering Specialist (CAMS).  

Financial Crimes Enforcement Network (FinCen)

  • Diego Rosero, Senior Regulatory Outreach Specialist (Newport Beach Only)

    • For the past four years, Diego Rosero has served as a Policy Advisor within FinCEN’s Office of Strategic Policy and as the manager of FinCEN’s Advisory Program. As a policy advisor, he is in charge of developing and implementing FinCEN’s strategy to address and combat cyber threats, cyber-enabled crime, and transnational organized crime in the Americas. Diego is also in charge of developing and publishing FinCEN’s advisories, which focus in providing red flags to financial institutions in efforts to guard against AML threats. He also manages complex policy topics related to Bank Secrecy Act issues involving new payment systems, virtual currencies, drug trafficking organizations, and Southwest Border initiatives. He represents FinCEN at Treasury’s Cyber-Security Threat Mitigation working group and at the Financial and Banking Information Infrastructure Committee (FBIIC). Prior to joining FinCEN, Diego worked in the Banking and MSB industry for 8 years in Miami, focusing on BSA/AML policy, operations, and implementation of monitoring systems.

Homeland Security Investigations (HSI) for U.S. Immigration and Customs Enforcement (ICE)

  • Michael Delaney, (Walnut Creek Only)

    • Michael Delaney is a Special Agent with Homeland Security Investigations (HSI) based in San Francisco, and supervises its Financial Investigations component presently focused on criminal exploitation of virtual currency, international fraud schemes, and non-traditional laundering methods. SA Delaney is a law enforcement veteran with over 30 years of experience, including eight years as a Berkeley police officer and 15 years as a Special Agent with the Drug Enforcement Administration; ultimately specializing in money laundering, which included serving in DEA Headquarters overseeing undercover money laundering operations in South America and the Caribbean. He has led many investigations involving drug trafficking, organized crime, fraud, money laundering, export violations, and other financial crime which have resolved with successful prosecutions. He has a strong working knowledge of money laundering investigative techniques and has instructed law enforcement from local, state, federal, and foreign agencies concerning financial investigations.
  • Christopher Kuemmerle, Acting Assistant Special Agent in Charge (Newport Beach Only):
    • Christopher Kuemmerle is an Acting Special Agent in Charge (ASAC) for Homeland Security Investigations in Los Angeles. He has supervised, and now oversees the Los Angeles Financial Seizure and Arrest Team (FAST) Task Force, which is comprised of Federal, State and local investigators. The Task Force conducts a variety of money laundering investigations that stem from a variety of specified unlawful activities, including illicit narcotics sales, human smuggling/trafficking, bank fraud, tax fraud, pharmaceutical diversion schemes, health care fraud, among others. Prior to joining HSI, Christopher Kuemmerle worked as an attorney for a private law firm in Torrance, CA. He obtained his Juris Doctorate from McGeorge School of Law, and his bachelor’s degree from Brigham Young University. 
  • Nathan Burnham, Special Agent (Newport Beach Only):
    • Nathan Burnham is a Special Agent with Homeland Security Investigations (“HSI”).  Since 2009, he has been assigned to the Los Angeles Financial Investigations Unit conducting investigations into money laundering, complex fraud, and other financial related crimes. Prior to joining HSI, Burnham served as a Special Agent for the Georgia Department of Revenue and obtained a bachelor’s degree in Criminal Justice from Georgia Southern University.

Jim Richards, Executive Vice President, BSA Officer, Financial Crimes Risk Management at Wells Fargo & Company (Walnut Creek Only)

Jim Richards is Wells Fargo’s Bank Secrecy Act Officer and head of Financial Crimes Risk Management. Richards leads the enterprise BSA Steering Committee and the Corporate BSA/Office of Foreign Asset Control (OFAC) Program Office, which ensures that Wells Fargo has a strong anti-money laundering and sanctions program. In addition, Richards manages the enterprise Customer Due Diligence Group and Credit Investigations Department, and oversees the Corporate Fraud Risk Management Program.

Prior to joining Wells Fargo in October 2005, Richards was head of Bank of America’s Global Anti-Money Laundering Operations. Previously, he was head of FleetBoston’s Financial Intelligence Unit. Richards was a Special Constable with the Royal Canadian Mounted Police prior to beginning his legal career, with nine years in private practice specializing in commercial litigation, and four years as a prosecutor specializing in organized crime, narcotics, asset forfeiture, and public corruption.

Richards has been a two-time member of the Bank Secrecy Act Advisory Group of the U.S. Department of the Treasury, and is a founding member of the Advisory Board of the Association of Certified Anti-Money Laundering Specialists.

Richards is internationally recognized for his expertise in global anti-money laundering and terrorist financing investigation techniques. He regularly speaks at industry and government conferences and has authored numerous articles in national publications as well as the textbook Transnational Criminal Organizations, Cybercrime, and Money Laundering.

​A native of Canada, he earned his bachelor’s degree in Commerce and his law degree from the University of British Columbia. He is a licensed attorney.

Hoi Luk, Senior Manager, FI Regulatory Consulting, Moss Adams

  • Hoi Luk, CRCM, CAMS is a Senior Manager with Moss Adams LLP and leads the Firm’s BSA/AML practice group. He is a Certified Regulatory Compliance Manager and Certified Anti-Money Laundering Specialist. He has worked in the financial services industry for over 20 years, holding various positions including regulatory compliance and consulting, focusing primarily on regulatory compliance and BSA/AML compliance and internal audits. He devotes his time to consulting with financial institutions on a wide variety of risk management and regulatory compliance matters.

Rob Norris, Customer Success Manager, Verafin

Paul Gauci, Verafin

Additional Speakers Added As Confirmed

Registration Information

Registration Fees

Early-Bird Registration through June 17, 2015
CBA Member: $395
Non-Member: $595

Regular Registration
CBA Member: $495
Non-Member: $695

Group Discount
If you have three (3) or more registrants from your bank there is a discount of $50 per person. Please contact Corbett Cutts, VP, director of education, at (916) 438-4428 for details. 

Cancellation Policy

Substitutions are allowed, at no additional cost. Written notice is required for all substitutions/cancellations. If the request is received by June 5, 2015, the full registration fee will be refunded and 50 percent if by June 12. No refunds will be provided after June 12. Registrations made on or after June 12 are not subject to refund.

Location Information

Tuesday, June 23, 2015
Northern California

Renaissance ClubSport Walnut Creek Hotel

2805 Jones Road
Walnut Creek, CA 94597
(925) 938-8700

CBA has arranged a special rate of $189 per night at the Renaissance ClubSport hotel. To make your reservations, please visit the Online Reservation Link. Please make your reservations by May 22, 2015. 

Thursday, June 25, 2015
Southern California

Hyatt Regency Newport Beach

1107 Jamboree Road
Newport Beach, CA 92660
(949) 729-1234

CBA has arranged a special rate of $179 per night at the Hyatt Regency Newport Beach. To make your reservations, please visit the Online Reservation Link. Please make your reservations by May 25, 2015. 

Program Objectives

Examiners and industry experts will discuss their approaches to BSA compliance in the current environment, and look at the implications of ongoing changes. We will focus on the practical in this session, giving you specific advice, examples, tools and best practices that you can apply back at your bank.

Credit Information

Program Level: Update for all levels

Prerequisite: None

Advance Preparation: None

Method of Presentation: Group – Live (Lecture, Discussion, and Table Exercises)

Recommended CPE Credits: 6.0 Hours Maximum
(Estimated 2.0 Auditing, and 4.0 Specialized Knowledge and Applications)
Sponsored learning activities are measured by program length, with one 50-minute period equal to one CPE credit.  One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity.  Please note that not all state boards have adopted this rule.  Some participants may not be able to use one-half credit increments.

Association of Certified Anti-Money Laundering Specialist 
The Association of Certified Anti-Money Laundering Specialist ® (ACAMS) has been asked to approve the program for their certification requirements. Members of the ACAMS have the opportunity to earn approximately six (6) CAMS CE credits. For more information please visit www.ACAMS.org or contact info@acams.org.

The Institute of Certified Bankers (ICB) is dedicated to promoting the highest standards of performance and ethics within the financial services industry.  BSA/AML 2014 has been submitted for  CFSSP and CRCM credits. This statement should not be viewed as an endorsement of this program or its sponsor. To report these credits, ICB members should visit www.icbmembers.org. We do not accept credit submissions from training providers on behalf of members.

FAQs

Are Institute of Certified Bankers continuing professional education credits offered for this program?

Yes.  In addition to the NASBA CPE credits, the Institute of Certified Bankers is certifying this program for credits toward their CRCM designation, as is the The Association of Certified Anti-Money Laundering Specialist.

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