Developing, Implementing, and Maintaining AML and Fraud Deterrence Programs That Will Pass Muster in a Hostile Enforcement Environment, Without Negatively Impacting the Customer/User Experience
Dawn Steele
Vice President, Global Anti-Money Laundering and Trade Sanctions Officer
ADP LLC
Robert Banagale
CEO
Gliph, Inc.
John MacKessy
Anti-Money Laundering and Trade Sanctions Officer
MasterCard Worldwide Inc.
Frederick E. Curry III
Principal
Deloitte Transactions and Business Analytics LLP
Krista Griffith
Associate General Counsel
Visa
- Striking the proper balance between AML compliance, fraud prevention, and the customer/user experience; legal implications; maintaining customer satisfaction and funds availability while also protecting against fraud and ensuring AML compliance; streamlining the technology and the underlying processes to minimize distractions and inconveniences for customers/users; working with the product team to avoid, or at least minimize, inconveniences for customers/users
- How AML regulations impact new payment products and systems
- Best practices for ensuring BSA compliance in the absence of clear guidance
- Beyond BSA: what other statutes come into play when addressing AML requirements?
- AML issues arising at the state level
- Identifying and assessing the money laundering and fraud risks that may arise in conjunction with the development of new payment products, delivery mechanisms, and technologies
- Best practices for identifying suspicious activity and filing SARs
- Evaluating your current AML program and identifying gaps or weaknesses
- Evaluating your current fraud deterrence program and identifying gaps or weaknesses
- ‘How to’ conduct an AML investigation
- Determining which parties are responsible for which aspects of AML compliance
- Working with retailers and other parties to acquire information necessary for AML compliance
- Drafting contracts and agreements to enhance AML compliance
- Asset forfeiture/seizure and its implications for emerging payment systems; Issues that arise in these cases; How they are investigated
- Understanding the fraud risks of emerging payment systems; How these new payment methods are being misused
- Identifying and combating fraud relating to tax refunds and government benefits
- Assessing the effectiveness of product safeguards and techniques used to reduce occurrences of fraud and improve risk management
- Putting holds on accounts that might be compromised
- Communicating with law enforcement
- Lawsuits arising from fraud and other criminal abuses of the system