June 3, 2012
Authored by: Bryan Cave
Bryan Cave is hosting the quarterly CPE and general membership meeting for the Atlanta Chapter of the Association of Certified Anti-Money Laundering Specialists on Thursday, June 7, 2012, from 2:00pm to 4:00pm, with registration starting at 1:30pm. The event’s presentation is “Look Backs: The Good, The Bad and The Ugly” featuring Craig Stone and Donna DeMartino with Alvarez & Marsal.
All AML/CTF professionals in the region are welcome to attend.
June 7, 2012
2:00 PM – 4:00 PM
1201 W. Peachtree Street, NW
Atlanta, GA 30309
Parking is available at 14th Street and West Peachtree St.
$4 cash and cards accepted
Free for Chapter Members; $20 for Non-Chapter Members
The overall presentation will focus on several key factors associated with a BSA/AML look back relative to various activities that are required to take place especially when the ﬁnancial institution has not foreseen the risks associated with payment processors; for example: unauthorized returns, high number of charge backs and customer complaints, higher rates of remote check capture, ACH debits as unauthorized and/or due to insufficient funds.
We will address and discuss the following items listed below:
- Self-directed Look-backs;
- Obtaining organizational buy-in at all levels;
- Potential for other civil penalties;
- Impact on banking operations (business as usual), including employee moral;
- Reputational issues and challenges both internally and externally;
- High costs associated with an independent 3rd party review;
- Use of technology and data analytics;
- Remediation steps for the forward look process and future monitoring (e.g., training, ﬁne-tuning procedures, system parameters, setting, etc.)
Craig D. Stone is a Managing Director with Alvarez & Marsal Financial Industry Advisory Services in Houston. He brings a unique and varied background with substantial and proven financial service experience, focusing on risk identification and controls. With more than 28 years in regulatory bank supervision, Mr. Stone has been directly involved in troubled bank oversight, compliance risk management and fiduciary activities risks assessment. He possesses a broad set of skills with experience in a wide-variety of banking activities, including enterprise- wide risk management, corporate governance, Bank Secrecy Act /anti-Money Laundering Activities and consumer compliance.
Donna DeMartino is a Senior Director with Alvarez & Marsal Global Forensic and Dispute Services in New York. She brings more than 20 years of management consulting experience in technology, business process re-‐engineering, project management, data management and data analytics. Ms. DeMartino specializes in managing large technology projects that focus on, but not limited to, anti‐money laundering (look-back and look forward engagements), transaction monitoring and interdiction software selection and implementation, audit restatements, fraud investigations, and litigation support. She also possesses deep expertise in business systems development lifecycle methodologies, database and application design, testing and implementation. Her technical experience extends across a wide spectrum of industries, including ﬁnancial services – banking and brokerage, manufacturing and consumer business.
Note: it appears the registration system may not currently be reflecting the lack of any charge for members of the Atlanta Chapter of ACAMS. If you experience difficulties, please contact Atlanta ACAMS Board Member, Erica Harper.