Education Seminar

2016 BSA/AML
BSA/AML continues to be a heightened area of concern for agencies, a trend that is expected to continue in 2016

Walnut Creek Marriott​

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.

Attention CBA member bank employees! Apply for a CBA scholarship to cover your entire program registration fee.

Agenda

The session will run from 8:30 a.m. to 4:00 p.m., with breakfast provided at 7:30 a.m. and lunch during the noon hour.

8:30 a.m. – Keynote Address

  • Steve Hansen (Walnut Creek Only)
    Senior Vice President, Manager of Financial Crimes Operational Support, Wells Fargo & Co.

BSA/AML & Financial Crimes – From Legislation to Regulation to Expectation

  • Dennis M. Lormel (Newport Beach Only)
    President & CEO, DML Associates, LLC

Fraud, Money Laundering And More

This compelling session will discuss fraud, money laundering, corruption and terrorist financing from a practical perspective. It will focus on understanding the crime problems and how to deal with them. The presentation will delve into fighting fraud, money laundering, corruption and more challenging threats through partnerships and innovation. One of the essential points to recognize is that financial institutions serve as both a facilitation tool for criminal and terrorist exploitation and a detective mechanism for financial institution through robust AML and anti-fraud compliance programs. Tipping the scales toward detection begins with understanding, which this session will emphasize.

9:30 a.m. – Homeland Security Investigations: Action-Vision

  • Gregory Mandoli (Walnut Creek & Newport Beach)
    Special Agent, Homeland Security Investigations

Homeland Security Investigations (HSI) is the most unique law enforcement agency in the world. HSI is the prototypical 21st Century law enforcement entity due to the conflation of global presence, domestic orientation, and confluence of criminal and administrative authorities. As the largest federal investigative agency within the Department of Homeland Security, the scope and breadth of HSI’s poly-programmatic investigative platform, to include financial crimes, renders it a critical stakeholder and partner in the private and public enterprise that stabilizes and protects vital national interests.

10:30 a.m. – Networking Break

10:45 a.m. – Customer Due Diligence: Understanding Responsibilities and Requirements of the Final Rule

  • Tammi Steadman (Walnut Creek Only)
    BSA/AML Bank Examiner, Office of the Comptroller of the Currency​ (OCC)
  • Kimberly Schaefer (Newport Beach Only)
    BSA/AML Bank Examiner, Office of the Comptroller of the Currency​ (OCC)

On May 11, 2016, FinCEN issued Final Rules under the Bank Secrecy Act to clarify and strengthen customer due diligence requirements, including the creation of the fifth BSA program pillar. This session will focus on the requirements to identify and verify the identity of beneficial owners of legal entity customers. We will cover the ownership and control prongs, exemptions, and CIP collection and verification requirements. In addition, we will also discuss the Final Rule’s impact on new and existing customers and other BSA/AML/OFAC obligations. Finally, we will provide implementation strategies for incorporating the Final Rule requirements into your BSA program.

11:45 a.m. – Lunch Provided

1:00 p.m. – Verafin Presentation

  • Brendan Brothers (Walnut Creek & Newport Beach)
    Co-Founder, Product Specialist, Verafin

1:45 p.m. – Networking Break

2:00 p.m. – Bank Secrecy Act/Anti-Money Laundering – Common Issues & Concerns

  • Edmund Wong (Walnut Creek & Newport Beach)
    Case Manager – Special Activities, Federal Deposit Insurance Corporation (FDIC)

This session will cover trends in BSA enforcement actions, common deficiencies in BSA programs, and validation of suspicious activity monitoring systems. We will also discuss two hot topics: Closing Accounts to De-risk and BSA Expectations for Marijuana Related Businesses.

3:00 – Emerging Trends Panel

  • Tammi Steadman (Walnut Creek Only)
    BSA/AML Bank Examiner, Office of the Comptroller of the Currency​ (OCC)
  • Kimberly Schaefer (Newport Beach Only)
    BSA/AML Bank Examiner, Office of the Comptroller of the Currency​ (OCC)
  • Edmund Wong (Walnut Creek & Newport Beach)
    Case Manager – Special Activities, Federal Deposit Insurance Corporation (FDIC)

4:00 p.m. – Adjourn

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.  
 

Brendan Brothers (Walnut Creek & Newport Beach)
Co-Founder, Product Specialist, Verafin
Brendan, a Software Engineer, has been a part of Verafin since its inception in 2003, and has used his expertise in various aspects of the company. With a specialized knowledge of robotics, behavior-based analytics, and probabilistic networks, he is a technical expert who knows the product inside and out. He is also a seasoned public speaker, salesperson, and marketer who is constantly immersed in the customer side of Verafin from support and training to sales and marketing.
 

Steve Hansen (Walnut Creek)
Senior Vice President, Manager of Financial Crimes Operational Support, Wells Fargo & Co.
Steve Hansen has 10 years of financial crimes experience with Wells Fargo Bank, primarily in AML investigations and suspicious activity reporting. In his role with Wells Fargo, he leads a team of financial crimes professionals supporting the global AML and external & internal fraud investigations teams and is responsible for compliance with information sharing requirements, communication with law enforcement, audit/regulatory exam coordination, and quality assurance of case investigations. His team also provides consulting on internal AML analytical strategies and investigator training for the global Financial Crimes Risk Management program. He earned a bachelor’s degree in Mechanical Engineering from the University of California Berkeley and is a Certified Anti-Money Laundering Specialist (CAMS).
 

Gregory Mandoli (Walnut Creek & Newport Beach)
Special Agent, Homeland  Security Investigations
Greg Mandoli is a Special Agent with the Department of Homeland Security’s Homeland Security Investigations (HSI) and is currently assigned to HSI’s office in Long Beach, California where he supervises the High Intensity Financial Crime Area task force. Previously, Greg was assigned to the US Embassy in London (2010-2015), HSI’s Office of International Affairs in Washington DC (2007-2010) and the Office of Investigations in San Francisco (1998-2007). While in San Francisco, he participated in the Drug Enforcement Administration’s High Intensity Drug Trafficking Area (HIDTA) task force and the Federal Bureau of Investigation’s Joint Terrorism Task Force (JTTF). In 1991, Greg received his Bachelor of Arts degree in Business Economics with an emphasis in accounting from the University of California, Santa Barbara. In 1994, Greg graduated from Golden Gate University School of Law with the recognition of a Public Interest Law Scholar. Before becoming a Special Agent, Greg practiced law as a deputy public defender in California where he handled felony matters involving homicide, Three Strikes, Gangs and drug offenses. In 2006, Greg became the first HSI agent to graduate from the Naval Postgraduate’s Master of Arts program in Homeland Defense and Security. His related professional activities include eight years as an Army Reservist in the Judge Advocate General Corps and current position as a Full Adjunct Professor at the University of Maryland where he has designed and taught courses in the undergraduate and graduate schools.
 

Dennis M. Lormel (Newport Beach)
President & CEO, DML Associates, LLC
Mr. Lormel retired from the FBI following 28 years of service. During his distinguished career, Mr. Lormel amassed extensive major case experience. Immediately following the terrorist attacks of September 2001, Mr. Lormel formulated, established and directed the FBI’s comprehensive terrorist financing initiative. He developed and implemented a variety of proactive and progressive investigative methodologies. These efforts evolved into the formation of a formal Section within the Counterterrorism Division of the FBI, known as The Terrorist Financing Operations Section.  Mr. Lormel currently provides consulting services related to terrorist financing, money laundering and financial crimes. He was presented with the 2010 Association of Anti-Money Laundering Specialists Volunteer of the Year Award and currently serves as a member of the ACAMS Advisory Board.
 

Kimberly Schaefer (Newport Beach)
BSA/AML Bank Examiner, Office of the Comptroller of the Currency (OCC)
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 (Walnut Creek)
BSA/AML Bank Examiner, Office of the Comptroller of the Currency (OCC)
Tammi Steadman has over 22 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 participates in BSA examinations at community banks throughout the Western District. She is a member of the Western District’s Anti-Money Laundering Group and served as its Chair in 2015. 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. Ms. Steadman is a Certified Anti-Money Laundering Specialist (CAMS).
 

Edmund Wong (Walnut Creek & Newport Beach) 
Special Activities Case Manager, Federal Deposit Insurance Corporation (FDIC)
Edmund Wong is a Special Activities Case Manager for the Federal Deposit Insurance Corporation in the San Francisco Region. In this role, he serves as one of the fraud and BSA/AML specialists for the region, which includes 11 states and 2 U.S. territories. In addition, he is the Regional Coordinator for the San Francisco Minority Depository Institution program. Mr. Wong holds a number of certifications, including CAMS, CFE, and CFA. In addition, Mr. Wong graduated from the Stonier Graduate School of Banking.
 

Registration Information

Registration Fees

Regular Registration After July 8, 2016
CBA Member: $595
Non-Member: $795

Early-Bird Registration before July 8, 2016
CBA Member: $395
Non-Member: $595

Group Discount
If you have three (3) or more registrants from your bank there is a discount of $50 per person. Please contact Glenn Younger, Manager of Education & Training, at (916) 438-4433 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 July 1, 2016, the full registration fee will be refunded and 50 percent if by July 8. No refunds will be provided after July 8. Registrations made on or after July 8 are not subject to refund.

Location Information

Tuesday, July 19, 2016
Northern California

Walnut Creek Marriott
2355 North Main Street
Walnut Creek, CA 94596
(925) 934-2000
 

Thursday, July 21, 2016
Southern California

Hyatt Regency Newport Beach

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

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 tangible and practical solutions in this session, giving you specific advice, examples, tools, and best practices that you can apply 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) have approved the program for their certification requirements. Members of the ACAMS have the opportunity to earn five (5) 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. 2016 BSA/AML has been approved for 3.75 CAFP, 6.25 CRCM credits. This statement should not be viewed as an endorsement of this program or its sponsor.” ICB Members must report these credits at 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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