The State of Play

08/01/2022

Online

Welcome and Keynote - Advancing the Fight Against Illicit Finance: A View from U.S. Treasury on the National Strategy

Faced with ever-expanding criminal threats and channels for illicit finance, prioritizing the highest risks and creating effective controls can be a daunting task for financial crime professionals. Fortunately, they're not alone - the U.S Treasury's National Strategy for Combating Terrorist Financing and Other Illicit Financing provides a wealth of insights on threats and vulnerabilities to the financial system, and governmental priorities to address those weak points. Join a representative of the U.S. Treasury as he gives perspective on how the national government is working to boost corporate transparency, close regulatory gaps, and encourage innovation, and what it all means for your efforts to strengthen fincrime compliance.

10:00 AM - 11:30 AM ET

Break

11:30 AM - 11:45 AM ET

The United States of Money Laundering? How the US Became a Global Destination for Illicit Proceeds, and What to Do About It

What countries are on your list as the top destinations around the world for money laundering and financial crime? Whatever international bodies like the FATF may say, if the United States is not on your list, you may want to take a hard look at your list. Despite recent reforms like the AML Act of 2020 and a reputation as a global leader in enforcement, the U.S. remains rife with loopholes and vulnerabilities that make it attractive to corrupt public officials, transnational organized crime, and other illicit actors of all stripes. It may not be a stretch to say that the U.S. is a leading country in money laundering penalties and in money laundering.

How did it arrive at this point, and what will it take to change? In this session, experts from law enforcement and financial crime compliance examine how criminals are exploiting weaknesses in the U.S. financial system and regulatory regime to move funds and keep assets in the U.S., and provide insights on how the fincrime prevention community can better collaborate to make the country unsafe for illicit proceeds.

11:45 AM - 1:00 PM ET

Break

1:00 PM - 1:30 PM ET

The Hunt for Kleptocrat Assets – The Seismic Shift inCombating Corruption and What It Means for FinCrime Compliance

Efforts to staunch the flow of kleptocrat assets moving through the global financial system have been super-charged in recent months. As law enforcement steps up freezes and boosts cooperation, financial institutions also have a critical role to play, with far-reaching implications for correspondent banking, customer due diligence and more. In this session, compliance pros explore how to incorporate the anti-corruption push into your risk assessment, enhanced due diligence on high net-worth customers, and more.

1:30 PM - 2:30 PM ET

ACFCS Training for the Next Frontier

Join members of the ACFCS team in this energetic session to get a behind-the-scenes look at how ACFCS training, including the CFCS Certification, prepares professionals to rise to the challenge and accelerate their careers. Attend this demo for your chance to win a complimentary one-year membership (2 winners will be selected).

2:30 PM - 2:45 PM ET

Break

2:45 PM - 3:00 PM ET

Risky Business - How to Align National and Enterprise Risk Assessment, and Why It Matters for FinCrime Compliance

A risks assessment is one of the most important, and often the 1st step in an effective financial crime compliance program. It’s essential to understand the potential risks your clients and products have and to align the proper controls to mitigate those risks. It also tells your regulators that your firm has taken a thoughtful approach into assessing and monitoring the risk of financial crime.

In this session, we will discuss with experts who have experience with the risk assessment process and can break down the impact to firms both large and small. We will look at recent guidance from US national risk assessments and how to align to the larger, enterprise-wide risk program.

3:00 PM - 4:00 PM ET

Web3 and FinCrime – A Crash Course on FinCrime Risks in NFTs, Metaverse, and More (Without the Hype)

Like most emerging technologies in recent years, the hype machine has been running full blast for Web3. For financial crime professionals looking in from the outside, it can be tough to pin down what exactly Web3 means, and to separate legitimate business models and use cases from fanfare and puffery. Join us for engaging and hype-free look at the state of Web3, as experts guide you on the technologies that encompass this emerging ecosystem and give insights on the actual and potential fincrime risks in NFTs, Metaverse and more.

4:00 PM - 5:00 PM ET

Opening Night Reception

5:00 PM - 6:00 PM ET

Law Enforcement Case Study Day

08/02/2022

Online

Following Mule Tracks – A Case Study of Money Muling from Detection to Law Enforcement

It’s been boom times for money mules and their handlers. Surging cybercrime, frauds and scams have created unprecedented demand for mule accounts, and organized crime rings and professional launderers have expanded and adapted their mule recruitment. A wide range of vulnerable populations are ripe for targeting – from unemployed people to elderly adults spending more time online.

Meanwhile, many financial institutions are still struggling to identify mule accounts and effectively report them. Join a compliance and AML expert and a DOJ representative as we follow a mule account from detection through suspicious activity, on to reporting and follow-up by law enforcement, to guide you on how to follow mule tracks.

9:00 AM - 10:15 AM ET

ACFCS Training for the Next Frontier

Join members of the ACFCS team in this energetic session to get a behind-the-scenes look at how ACFCS training, including the CFCS Certification, prepares professionals to rise to the challenge and accelerate their careers. Attend this demo for your chance to win a complimentary one-year membership (2 winners will be selected).

10:15 AM - 10:30 AM ET

Fraud War Games - An Interactive Adventure to Find the Fraudster

Are we making progress in global AML/CTF efforts? It's not an easy question to answer, but if anyone can offer a valuable perspective on the topic, it's former head of the FATF David Lewis. Join this session for a pulse check on international efforts to fight financial crime, as Lewis explores progress and challenges in bolstering beneficial ownership transparency, the regulation and supervision of non-financial gatekeepers, information-sharing and public-private collaboration, and more. Don't miss this exciting conversation with a renowned expert.

10:30 AM - 11:30 AM ET

Fighting the Finances of Human Trafficking - Case Studies of Illicit Trafficking Models Around the Globe

Do all human trafficking cases fit the same mold? Of course not - yet sometimes human trafficking red flags and typologies are presented as one-size-fits-all, when the reality is more complicated. Honing investigations and transaction monitoring requires a more in-depth knowledge of the techniques, models and operations used by human trafficking organizations. In this session, an expert in human trafficking breaks down different models used by different trafficking organizations, and gives you actionable guidance to help support better investigations.

11:30 AM - 12:30 PM ET

Speed Networking

12:30 PM - 1:00 PM ET

Break

1:00 PM - 1:15 PM ET

Who You Gonna Call? How to Build Connections with Law Enforcement Beyond Mandatory Reporting

While SAR/STR filings are at the core of how financial crime compliance programs support law enforcement, they are still only a piece of the puzzle in the wider collaboration between private and public sectors. There are times when fincrime professionals at financial institutions need mechanisms - formal and informal - to connect with law enforcement outside of standard reporting channels. When that time comes, who you gonna call? In this session, experts from law enforcement and the compliance world provide their views on what works (and what doesn't) to build effective lines of communication and intelligence-sharing.

1:15PM - 2:15PM ET

314(b) - Best Practices and the Importance in Crypto Activity

In the United States, 314(b) voluntary information sharing has been around for a long, long time. An often-underutilized tool in the financial crimes toolbox, this has been drawing a lot of attention lately given the increased need for traditional financial institutions to engage with Virtual Asset Service Providers (VASPs) and vice versa. Layering activity is typically the most challenging to understand when conduct money laundering (ML) and terrorist financing (TF) investigations, particularly when the suspected ML/TF activity is occurring across financial institutions. Throw in fiat to virtual conversions of value, and suddenly, financial crimes teams can quickly find themselves looking for ways to combat these complex cases with as much efficacy as possible. Join this roundtable to revisit one of the most lucrative tools for combatting ML/TF, with a slight crypto spin.

2:15PM - 2:45PM ET

The Art of the Steal – Fincrime Risks in Art and Antiquities

Join our moderator and panel of experts in an exploration of efforts in the US and around the world to defend cultural heritage and the prosecution of illicit trade in arts and antiquities. You'll learn from experts from the Antiquities Coalition and the Docket (part of the Clooney Foundation for Justice), organizations that are actively engaged in the efforts to counter the efforts of terror networks and transnational criminals who steal from history.

2:45 PM - 3:45 PM ET

Law Enforcement Sounds Off on SARs/STRs - Insights on Effective Reporting

"More feedback on SAR/STR reports" is near the top of the wishlist for many compliance officers, analysts and investigators, and for good reason. Filing suspicious activity reports is at the heart of the fincrime compliance function, but often it can feel like a one-way street. On this session, we bring together law enforcement and regulatory professionals to provide the feedback you're craving. Join us for a dynamic discussion and guidance of what makes for an effective narrative, what data is helpful to support certain types of investigations, and much more.

3:45 PM - 5:00 PM ET

FinCrime Around the Globe

08/03/2022

Online

Speed Networking

8:00 AM - 8:30 AM ET

ACFCS Training for the Next Frontier

Join members of the ACFCS team in this energetic session to get a behind-the-scenes look at how ACFCS training, including the CFCS Certification, prepares professionals to rise to the challenge and accelerate their careers. Attend this demo for your chance to win a complimentary one-year membership (2 winners will be selected).

8:30AM - 8:45 AM ET

Break

8:45 AM - 9:00 AM ET

Following the Finances of Weapons Proliferators - Choose Your Own Investigative Adventure

In light of North Korea and Iran's continued pursuit of nuclear weapons and the Russian invasion of Ukraine, countering weapons proliferation and cutting off financial channels to proliferators has become more urgent than ever before. Yet financial institutions and other industries often lack the training and programmatic elements to identify the financial traces and footprints of weapons proliferation. Are you ready to rise to the challenge? Join this interactive session to find out! Using elements of real cases of weapons proliferation and sanctions evasion, we'll ask the audience to take on the role of investigators, and follow your choices to see if you can crack the case. Along the way, you'll learn red flags, investigative tools and practical steps to take on weapons proliferation.

9:00 AM - 10:00 AM ET

Break

10:00 AM - 10:15 AM ET

Updated Terrorist Financing Risks and Indicators - A Perspective from FINTRAC

Terrorist financing is constantly evolving, from fundraising techniques to money laundering channels, to the terrorist groups themselves. Stay ahead of the curve by joining this session from FINTRAC insights from FINTRAC on their newly released operational alert on terrorist financing. You'll learn real-world typologies and case studies observed by Canada's financial intelligence unit, and leave with red flags and monitoring tips you can apply directly to your compliance program.

10:15 AM - 11:30 AM ET

Bridging the Gap Between Global Fraud and AML Teams

Step away from siloed and fragmented views of fraud and AML of the past and use a modern approach to operationalize risk and manage cases with fraud and AML teams. From global investigations to disparate systems – hear how teams can use the same principles and build a foundation for good investigations. Learn how to empower investigators and revolutionize investigations with greater transparency and increased system auditability through network monitoring.

11:30 AM - 12:00 PM ET

FinCrime and Fintech Trends in Europe - Digital Identity, Sanctions Challenges, and More

Europe has been at the forefront of innovation in the financial services and financial crime compliance spaces in the recent years, from faster payments to crypto regulation. At the same time, many European countries have also been on the front lines of key challenges in the fincrime space, sanctions compliance being foremost among them. Join experts from European financial institutions and tech companies as they explore the impact of new regulatory frameworks on crypto assets, current events in the sanctions space, and more critical issues for the EU and beyond.

12:00 PM - 1:00 PM ET

Maximizing Technology/Minimizing Risk: Partnering to Create Efficiencies and Mitigate Fraud

With rampant identity fraud and fraudsters adapting to pandemic challenges, it has become even more critical for companies to better detect and stop fraud. In this roundtable, we will discuss how a proactive approach can mitigate these challenges as well as how our end-to-end solutions help your organization to detect, avoid and investigate fraud at all stages of your workflow.

1:00 PM - 1:30 PM ET

Sanctions In a Time of Crisis – Latest Developments, Lessons Learned and Regulatory Insights

Learn about an end-to-end solution for your organization to detect, avoid, and investigate fraud at all stages of your workflow.

1:30 PM - 2:30 PM ET

Understanding the FinCrime Landscape in Latin America - Key Risks and Emerging Trends

2:30 PM - 3:45 PM ET

The New Face of the Fraudster: How Technology is Changing the Landscape

How many docuseries are needed to identify the different fraudulent schemes? Join us for a session on the ever-changing world of fraud and how technology is helping bad actors get away with romance scams, gaming swindles, elder fraud, identity theft, and everything in between.

3:45 PM - 4:45 PM ET

Entertainment - To Be Announced!

5:00 PM - 6:00 PM ET

Emerging Threats and Risks

08/04/2022

Online

Illuminating the Shadow Economy: Using Publicly Available Data to Gain Visibility into Financial Crime

The evolving shadow economy - from short-term rentals to crypto and NFTs - poses significant challenges to regulators and investigators. However, practitioners can use publicly available data to gain actionable visibility into illicit business activity and potential financial crime. In this session, experts offer multiple perspectives from government and financial services on how to leverage publicly available data and open-source intelligence to combat financial crime and throw light on the shadows.

9:00 AM - 10:30 AM ET

Tackling Identity Fraud During a Downturn: How to Play Offense

The unstable economy presents risks for financial institutions that are digitally onboarding new customers. Playing offense to counter this increased risk can sustain your growth and improve profitability. Join these industry experts to learn effective strategies to win at the fraud game.

  • How economic factors from prior recessions and the current scenario align.
  • What the current (and sneakier) identity fraud attack vectors are.
  • How certain strategies can help you implement better decisioning and fraud prevention.
  • How to use layers of defense to streamline your onboarding stack to reduce CAC and TCO.

10:30 AM - 11:00 AM ET

Break

11:00 AM - 11:30 AM ET

The Weakest Links - Social Engineering Attacks and Emerging Fraud Trends

Despite all the time and effort devoted to awareness and training, human beings remain the weakest link for fraudsters, and social engineering attacks of types continue unabated. Part of the reason for this is the constant evolution of fraudster's tactics and targets, as they switch up scam techniques and devise different ways to launder stolen funds. Keep with the criminals on this dynamic and engaging session, as a leading expert in cyber fraud describes current fraud trends, the groups behind them, and tips on on how to protect yourself and your organization.

11:30 AM - 1:00 PM ET

A Quest to a Better Future with World-Renowned Sand Artist, Kseniya Simonova

1:00 PM - 1:30 PM ET

ACFCS Training for the Next Frontier

Join members of the ACFCS team in this energetic session to get a behind-the-scenes look at how ACFCS training, including the CFCS Certification, prepares professionals to rise to the challenge and accelerate their careers. Attend this demo for your chance to win a complimentary one-year membership (2 winners will be selected).

1:30 PM - 2:00 PM ET

Are Growing Financial Risks Seizing Your Digital Customer Experience?

A seamless digital customer experience has never been more imperative to your organization’s success. Likewise, fighting the rising tide of financial crime risk in digital channels while keeping up with an unprecedented pace of regulatory change has also never been more critical. The tension between delivering on the customer experience is crucial and outwitting ever-evolving financial crime schemes has reached a fever pitch, leaving most compliance teams feeling completely torn between the two priorities.

But what if you didn’t have to choose between fighting financial crime and delivering an elegant customer experience? It’s quite possible to master the tension between the two by becoming the maestro of your carefully orchestrated customer journey.

During this webinar attendees will learn how to:

  1. Approach the customer journey from a new platform-oriented, highly automated perspective
  2. Optimize your risk-friction balance across the entire customer journey
  3. Power more effective and efficient compliance with real-time decisioning that doesn’t create undue disruption to the customer experience

1:45 PM - 2:45 PM ET

Hot Topics in BSA/AML - Updates on the Corporate Transparency Act, Regulatory Innovation and More

Last year, the landmark and long-gestating AML Act of 2020 finally became a reality, triggering a flurry of regulatory guidance and activity in the US. It's been a little quieter lately, but much is happening behind the scenes. Join representatives from the OCC and Bank Policy Institute as they delve into updates on the Corporate Transparency Act and FinCEN's National Priorities. They'll also provide a review of the OCC's comprehensive review of BSA/AML regulation, part of a process triggered by the AML Act, with an eye to encouraging innovation and ensuring regulation stays current in changing times.

2:45 PM - 3:45 PM ET

Speed Networking

3:45 PM - 4:15 PM ET

Rug Pulls, Hacks and Ponzis - Inside the Wild World of Frauds and Scams in Crypto and NFTs

Whether it's "NFT summer" or "crypto winter", the rise of crypto assets and their sometimes tumultuous markets have proven fertile ground for all varieties of frauds, scams and grifts. On this session, we explore common types of fraud schemes in the NFT and crypto worlds, describe indirect risks to financial institutions from tainted crypto assets, and provide tips on how crypto firms and others can improve consumer protection.

4:15 PM - 5:15 PM ET

Completing the Quest

08/05/2022

Online

FinCrime Past, Present and Future - A Conversation with Former FATF Director David Lewis

Are we making progress in global AML/CTF efforts? It's not an easy question to answer, but if anyone can offer a valuable perspective on the topic, it's former head of the FATF David Lewis. Join this session for a pulse check on international efforts to fight financial crime, as Lewis explores progress and challenges in bolstering beneficial ownership transparency, the regulation and supervision of non-financial gatekeepers, information-sharing and public-private collaboration, and more. Don't miss this exciting conversation with a renowned expert.

8:15 AM - 9:00 AM ET

The Evolution of Terrorist Financing - Current Issues and Critical Challenges

Terrorism – the use of violence to achieve political change – is a tactic used in war since the beginning of time. Executing a terrorist attack to change national policy within a region is nothing new. This session will discuss how fundraising for terrorist attacks, terrorist groups, etc, have developed within the last two decades. Our experts will also discuss the difference between domestic and international terrorism, from a law enforcement perspective, examine the use of financial technology by terrorist groups, to include cryptocurrency. We will then close the session by providing an analysis of what terror finance will look like within the next ten years.

9:00 AM - 10:00 AM ET

Break

10:00 AM - 10:15 AM ET

ACFCS Training for the Next Frontier

Join members of the ACFCS team in this energetic session to get a behind-the-scenes look at how ACFCS training, including the CFCS Certification, prepares professionals to rise to the challenge and accelerate their careers. Attend this demo for your chance to win a complimentary one-year membership (2 winners will be selected).

10:15 AM - 10:30 AM ET

The Future of FinCrime Strategies - Entity Centric Risk, Customer Lifecycle Management and More

FinCrime is no longer linear nor a single channel. Modern financial crime can take place at any time during the customer journey, from online account opening to post account opening transactions, and across multiple channels. Traditional fraud prevention is no longer viable, and Financial Institutions must examine and consider risk across the entire customer lifecycle if they are not already.

In order to effectively manage risk across the entire customer lifecycle, FIs must break down their silos of data and utilize a singular, integrated enterprise fraud prevention platform. In this session, we will discuss how FIs can achieve this to open more accounts, proactive detect mules and prevent complex financial crime and scams before the customer is impacted.

10:30 AM - 11:30 AM ET

Special Fireside Chat

11:30 AM - 12:15 PM ET

Tomorrow's Investigator, Today - the Top Five Skills for the Investigator of the Future

What does it take to be a great investigator in the financial crime world? What skill set, mind set and tool set is essential to succeed in the current environment, and how will that evolve in the future? Can you be taught to be a great investigator, or is it only earned by hard-won experience? Join this lively conversation to close out FinCrime Virtual Week as we answer these questions and many more.

12:15 PM - 1:15 PM ET

The Training Quest - Choose the Winners

1:15 PM - 2:15 PM ET

CFCS Scholarship Recipients and Closing

2:15 PM - 2:45 PM ET