New York ChapterThe New York Chapter
The New York Chapter
Established in November 2005 by a board of directors composed of sector specialists and prosecution specialists in the areas of AML and counter-terrorism. Hopefully the chapter will be an efficient and prolific asset for banks and related companies, and we welcome your input. This is an occasion to recognize our ongoing commitment to providing our members with superior training, government regulation update and mission-critical solutions to AML compliancy issues.
It brings together a panellist to examine how crypto currency affects pecuniary crime, how it is detected, and how to interface wisdom through associated information. To find out what banks can do to detect and stop people smuggling, please join our podium debate. In what way do perpetrators and perpetrators of terrorism use banks to promote their illegal activities?
As a member of the New York Chapter you get the first chance to register for an event and the reduced $10 tickets. Issues to be addressed are FINCEN's recent CDD guidelines on how the AI will change AML (and how a position as AI may look in five years) and the intersections of AML, OFAC and anti-corruptionpliance.
The way the finance sector is adopting FinTech's disruptions and changes to meet the dynamic of the growing regulation environment; what does it mean for FinTech's Banc? Disruptions or disruptions; RegTech innovations - Implementing immediate payment and technological transformations of cross-border payment drives the creation of RegTechs and regulative sandpits to manage emerging threats; block chain and crypto-currency exposure managemen.
Rugged ML/TF is a key stone of a solid regulatory programme. As your business becomes increasingly dependent on automatic transactional surveillance it is more important than ever to make sure your transactional surveillance programme is correctly set up and tailored to your institution's ML/TF exposure profiles.
By the first yearly NYDFS Part 504 compliant audit by April 15, 2018, this committee will deliver best practice for your transactional risk mitigation programme and review the impact of non-compliance. Find out how this is changing to help organizations meet their customer due diligence commitments and really know their clients!
Fear of imposing business penalties? New York Board of Directors will be present to exchange their work experiences and careers and ask snippets. Samples of recent pecuniary operations in connection with some earlier acts of terrorism are discuss. This meeting will examine some options that a bank can use to help identifying potential terrorism finance flows.
There are a number of data science, deep learning and AI technologies that pledge to revolutionise the way poor players and transactional players in the field of finance are identified at a cost that is a mere fraction of that of current technologies. Reg. 504 - Certification of transaction monitoring and filtering programs: What is new, what is not and what should regulated bodies do now!
Investigation of the risks associated with criminal finance: Investigation of the risks associated with criminal finance: AML, Sanction and NBC riskmanagement practices are the key practice with which organizations begin their AML, Sanction and NBC riskmanagement efforts, which are closely followed by board members, executives, directors and regulatory authorities. An expert body gave its opinion and gave its opinion on what should, should and should not be done by banks.
You should be doing your own underwriting:: Link to the institutional legal frameworks, but with a clear emphasis on important but not all legal regulations. Methods and results of this evaluation must be socialised. A high degree of responsibility and credibility is required both for the methods of assessing risks and for the results.
The results of the hazard evaluation should be evaluated on the basis of a company's willingness to take risks or a predefined hazard tolerance. 3. Develop a shared taxionomy across all defenses so that metrics/KPIs and test results can more readily be included in your vulnerability analysis. Once the RAP has matured, it should try to reach a point where the results of the RAP can be updated regularly and in a selective manner.
In-house audit, conformity audit reporting and other company designed QA reporting should be verified and regarded as part of the RA processes and feed back series. Create venture evaluation bulletins that contain paper....look for ways to better present the results and analyses. Once again, many thanks to our panel members for their insight and knowledge, to our friendly hosting for the furnishings and snacks, and to the tireless work of the members of the Chapter Board who made the night the night it was.
This extravagance was a tribute to the continued success of the chapter, which provides its members and other members in the AML Fellowship of the NYC Metropolitan Area with outstanding training, regulative update, network capabilities and mission missioncritical solutions to AML enforcement issues. We would like to thank the following donors in alphabetic order:
Since 2004, Meryl has been head of the New York State Attorney General's Office and the New York State Crime Proceeds Strike Force. Ményll is responsible for the investigation and prosecution of crime throughout the state of New York. The Drew Group schedules, organises and monitors the Bank's daily administration and operations BSA compliant work.
It takes part in various assessments, revisions and checks and works with the Bank Secrecy Act/OFAC Officer, Privacy Officer and Chief compliance officer. It also monitors the AML program and trains various divisions to promote better understand of legal regulations. Chenkin is a litigation attorney representing key banks and private clients in litigation, penal, regulatory as well as corporate governance and antitrust cases.
Mr. Beyreuther leads Anti-Money-Lundering and Bank Secrecy Act Compliances, and conducts extensive regulatory inquiries that have been launched by Congress, as well as attorneys, state and state attorneys and regulatory authorities. Mr. Chenkin has paid close heed to the representation of customers in many of the large United States Senate Standing Subcommittee on Investigation's large scale finance investigation and also provides AML education to prosecuting authorities and the residential market.
In September 2014, Tina M. Rampino was appointed Head of Compliance Training and Policy Coordination at Commerzbank AG, New York Branch. As such, Tina is in charge of the management of all facets of the U.S. Compliance Training Program, with a particular focus on AML and sanctions. She is also in charge of the U.S. Compliance Policy & Procedure Framework.
She is experienced at the headquarters in Frankfurt, Germany, where she advises both the Global Training Program and the Global Policy Framework. She is also in charge of bank-wide communication on corporate governance, which includes the implementation of "Culture of Compliance" initiatives and the initiation of contacts with colleagues in the criminal prosecution and finance industries to develop best practice.
Before coming to Commerzbank AG, she was Director of Compliance Communications and Outreach at HSBC Bank, where she designed and deployed the Compliance Outreach Program to improve HSBC's capacity to meet regulative requirements and better involve staff, regulators and industrial alliances. Previously, Tina worked in anti-money laundering compliance at Bear Stearns, Capital One Bank and Standard Chartered Bank and the Department of Homeland Security's department of high-intensity financial crime.
Ferrari is a Director of the AML Consulting Practice of IPSA International in New York and is in charge of the AML Advisory, Technology and Investigative-Clients. Mr. Ferrari has 25 years of regulation enforcement expertise. Formerly Vice President of Corporate Governance at American Express Company, where he initiated the Corporate Governance compliance programme and was instrumental in its worldwide execution in many businesses.
The first AML Auditing and initiated the AML Travel Related Services/American Express Conformance Programme. Mr. Ferrari most recently worked as Core Compliance Leader at GE Capital-Americas, where he established a regulatory compliant environment for a major commercial banking franchise as part of a SIFI-designated banking holdig under the Federal Reserve.
He is the sanction regulatory officer innerhalb der Corporate compliance Financial Crimes Group (FCG) der American International Group (AIG) tätig. As such, he functions as a link within the organization for both retail and retail operations in various aspects of corporate sanction. He is responsible for the continuous evaluation, design, implementation as well as upkeep of AIG's corporate sanction and recovery programmes, as well as the provision of education, assistance and knowledge to the Group.
Previously, as Advisory Compliance Officer for property and casualty insurance at AIG, he was in charge of the implementation of guidelines and the advice to companies and functions on the subject of regulatory affairs, risks assessment and control. His main focus was on anti-money laundering (AML) and economic sanctions (OFAC), but he also provided advice on information processing (data protection), anti-corruption (FCPA), conflict of interest, gifts and entertainment, and other related regulatory and procedural issues.
Before joining AIG, he was Senior Vice President and Head of Corporate Governance at New York City Economic Development Corporation (NYCEDC). Its tasks were to maintain the company's regulatory programme, and to develop control and procedure, and to report to the regulatory authorities as prescribed bylaws. With the help of compliancereviews, he introduced the company's risk-based surveillance and test programme.
NYCEDC and the City of New York recovered over $100 million in non-compliance charges. Ms. Irina Samoylova est chef régional des marchés financiers et de la criminalité financière des entreprises auprès de la Standard Chartered Bank, succursale de New York. She is a leader in identifying and mitigating fraud risk and control in the Americas, focusing on the areas of finance, lending and trade finance, as well as banking and investment banking.
It also supports the management of in-house audit and outside audit, which includes periodic updating and submission of reports on the status of remedial work. Before coming to Standard Chartered, she served as AML Advisory Compliance Manager at JPMorgan & Chase and led the AML Compliances programme for CIB companies worldwide. As such, she provided advice to treasury services companies on BSA/AML compliancy and the needs of high-risk productsets, which included core cash, cash vault services, escrow prepaid card and trade and specialised customer segment.
Before she joined JPMorgan & Chase, she worked at Goldman Sachs & Co in various R & D functions and has carried out various global policy and quality assurance project as part of the Global Policy and Quality Assurance Teams over the last 3 years. Founder of the company, Jack Sonnenschein advises, trains and supports banks, regulatory and third-party testers in the development and implementation of state-of-the-art test and education programmes for fraud and fraud.
His most recent, le chef mondial de Jack war zuletzt, Audit Advisory for Financial Crime Com-pliance at Standard Chartered Bank. Previously, as Chief Auditor for Corporate Governance at Citigroup, he was responsible for anti-money laundering, anti-corruption and corruption, penalties, and antitrust and regulatory affairs for consumers and institutions worldwide. Previously at Citigroup, he was responsible for developing technological solution for client discovery and identity programmes, overseeing transactions, reports of suspect activities, and regulatory filings for US Patriot Act-compliances.
During his career, he has worked intensively on the development of market, counterparty, product and client credit assessment and modeling to help us implement and maintain client due-diligence and monitoring processes. American Express has designed and deployed company-wide Jack compliant riskmanagement programmes that include legislative, regulative and controlling inventory, as well as plausibility assessment, third parties compliant supervision, third parties compliant supervision and compliant education.
He was a Client Service Partner in Chase's General Auditing department, providing finance and technological auditing for Global Private Banking, Consumer Banking, Credit Cards and Mortgage Banking customers. Mr. Touche began his professional life with Deloitte & Touche in Québec and New York, where he completed his training as an auditor.
Mr. MacKessy has over 20 years of regulation and regulatory expertise and is currently Director and Global Head of AML Monitoring at Citi Card, the world's leading card company. Before Citi, John was the Global AML & Sanctions Compliances Officer for MasterCard. Before MasterCard, John worked as a regulator's advisor helping companies comply with law-enforcement actions and non-prosecution arrangements.
Previously, he headed the investigations of a number of sophisticated pecuniary crime and was the AML compliancy specialist for the Bank of New York Mellon NPA. Her responsibilities include innovating and performing tuning/optimization and large-scale analysis for cyber security, digital disruption, anti-money landing, OFAC and sanctions, KYC, EDD, anti-corruption and trade surveillance.
Dr. Milchanowski was previously Chief Data Scientist of Morgan Stanley's Legal & Compliance Division and Head of Model Risk at JP Morgan. Mr. Milchanowski has extensive global governance in more than 20 counties and has carried out analyses of the finance of illegal network in cooperation with Asian, Middle Eastern, North African and European government and finance organisations.
It has extensive experience in the area of modelling risks as well as efficient modelling design, deployment, application and verification.