Critical risks, new global standards in AML compliance will be probed at ACFCS 2014 Conference
Tuesday, January 21, 2014
Posted by: Brian Kindle
MIAMI, FL— With the advent of new technologies and expanding regulatory standards, the anti-money laundering landscape is changing drastically. The expert speakers and knowledge provided by the 2014 ACFCS Financial Crime Conference on Feb. 5 – 7 at the Marriot Marquis New York will equip attendees with the skills and insights necessary to be ready for this new reality of AML.
On the panel “Money Laundering in the New World Order,” top compliance executives from international institutions will reveal how AML compliance is moving to an increasingly quantitative, data-intensive approach. Speakers like Dan Boylan, head of the AML audit program for Bank of America, and Barry Koch, Chief Compliance Officer for Western Union, will give attendees practical tools to use in their compliance programs and offer insights on what regulators will be expecting in the near future.
Taking on one of the most critical issues in the AML field, the panel “Searching for Beneficial Owners – Techniques, technology and best practices” will prepare the audience for one of the most hotly anticipated regulations in the US – new rules governing the identification of beneficial owners from FinCEN. Leading authorities will offer updates on where the regulations stand, and how institutions should be preparing now.
The Conference will also probe one of the latest and most serious money laundering risks on the panel “New World of Virtual Currencies – Combating the financial crime threats the digital era brings.”
“The anti-money laundering field is in the midst of one of the largest transformations in decades, and AML professionals are being asked to have a broader, more diverse skill set than ever before,” says Charles Intriago, president and founder of ACFCS and a pioneer of AML.
Conference covers intersection of AML and FATCA
The ACFCS 2014 Conference also offers knowledge and insight far beyond AML. Over the course of 13 panels, the Conference covers the most critical topics in diverse financial crime fields, including one of the leading compliance issues of the day – the requirements of the US Foreign Account Tax Compliance Act, or FATCA.
“AML departments will have major duties under this sweeping new law in the near future, if they do not already” says Intriago, “and any AML professional must be aware of it.” The 2014 Conference provides three panels on FATCA compliance, including two targeted at compliance essentials for US and non-US institutions respectively and a third designed to help attendees address the law’s unprecedented data challenges.
ACFCS is a global member organization that offers the Certified Financial Crime Specialist (CFCS) certification, the only credential that verifies the skill and competency of professionals across all fields of financial crime. ACFCS also offers training, analysis and community to its worldwide audience of private and public sector specialists.
For more information on the 2014 conference and to register now, visit www.financialcrimeconference.com
(Accredited members of the media may obtain press credentials to cover the conference by contacting Brian Kindle at 786-517-2720 or bkindle@ACFCS.org.)