Thank you for visiting the ACAMS Chicago Chapter website! The Chapter was launched on September 11, 2008 with our inaugural event and since then, we’ve had a wide range of workshop events to provide a local forum for the professional development and networking of our members. See below for both upcoming and previous event information. Our members come from a wide range of industry areas involved in the anti-money laundering field such as banks, broker-dealers, MSBs, consultants, regulators, etc. So if you haven’t joined, don’t wait…it’s easy and inexpensive – Chapter workshops are free to our members.

Chicago Ice

Upcoming Chicago Chapter learning events will be announced soon.

ACAMS Chicago Chapter Double Session Event at the Federal Reserve Bank of Chicago

On November 22, 2016 (Tuesday), the ACAMS Chicago Chapter together with the Federal Reserve Bank of Chicago will be hosting a double session workshop. The first session will be a DEA perspective on Narcotics Money Laundering Trends and Cases and the second session highlights Cyber Currency / Cybercrimes and Money Laundering as presented by the SEC.

Speakers

  • Mark Giuffre, USDOJ DEA, Assistant Special Agent in Charge
    Mark Giuffre will share a ‘Narcotics Money Laundering’ presentation that examines Trends, Methods and actual Money Laundering cases charged in DEA investigations in the Chicago area and worldwide. The presentation will also highlight how SARs do actually result in successful follow up in criminal investigations.
  • David Glockner, Regional Director of the U.S. Securities and Exchange Commission (and former federal prosecutor)
    David Glockner will discuss the nature and evolution of digital currency, its treatment by the courts, its relevance to cybercrime and money laundering, and the challenges and opportunities posed by expanded use of digital currency and its underlying blockchain technology.

ACAMS Chicago Chapter Double Session Event at RSM US LLP

ACAMS Chicago Chapter double session event at RSM US LLP’s downtown Chicago office featured industry experts covering the new CDD Rule and providing additional clarity and perspective. First session speakers Nick Mustafa, Director, Risk Advisory Services at RSM US LLP and Adam R. Johnson, Senior Associate, Risk Advisory Services at RSM US LLP walked through the new CDD Rule core elements, including covered FIs, the beneficial ownership prongs, thresholds, certification form, excluded entities, and much more. The interactive Q & A with the speakers during and after the session was extremely insightful. The second session speaker Tom Berkovitch, Director of Product Marketing, AML Solutions at NICE Actimize, discussed how FinCEN’s new CDD Rule is affecting institutions by sharing results from Nice Actimize’s 2016 CDD / KYC market survey. Tom highlighted the challenges, priorities, and best practices from the survey.

Presentation material from the sessions has been posted for your reference.

Pictured below are Adam R. Johnson, Senior Associate, and Nick Mustafa, Director, from Risk Advisory Services at RSM US LLP during the first session.


ACAMS Chicago Chapter Double Session Event

Download Presentation

On May 26, 2016 (Thursday), the ACAMS Chicago Chapter together with TransUnion will be hosting a double session workshop. The first session will focus on Synthetic Identity Fraud. The second session will cover Enforcement Trends in Human Trafficking.

Speakers

  • Basil Doyle, Sr. Manager, Corporate Investigations Department at TransUnion
  • Darrin T. McLaughlin, CAMS, Managing Director, Chief Compliance and Privacy Officer at Regulatory DataCorp

ACAMS Chicago Double Session Event

The ACAMS Chicago Chapter will be hosting a double session workshop. The first session will focus on BSA/AML risk assessment and data analytics and the second session will cover Tax Refund Fraud.

Speakers

Michael Lammie, Director, PricewaterhouseCoopers

Michael is a Director in PwC’s Financial Crimes Assurance Practice with a specialization in the use of visual and advanced analytics to support risk and compliance programs. He works with clients to better leverage data and analytics to conduct risk assessments, design surveillance controls, optimize surveillance models, improve operations, and generally improve data-driven decision-making. Prior to joining PwC, Michael led the Data Analytics program within Legal and Audit at Goldman Sachs and served Financial Services clients as a consultant with AlixPartners and Ernst & Young. Michael holds a BS in Computer Engineering from the University of Notre Dame.

Jordan Scheid, Special Agent, IRS-Criminal Investigation

Jordan has been an IRS-CI Special Agent since 2011. He has worked investigations involving tax evasion, fraudulent return preparers, sovereign citizens submitting false claims against the government, and identity theft. Jordan is the Identity Theft Coordinator for the Chicago Field Office and provides support to local and state law enforcement and other federal agencies in their identity theft investigations.

Carrie Martinek, Special Agent, IRS-Criminal Investigation

Carrie has been an IRS-CI Special Agent since 2012, and prior to that she was a Revenue Agent since 2009. She is a Certified Fraud Examiner. She has worked investigations involving tax evasion, money laundering, fraudulent return preparers, and identity theft. Carrie is the Identity Theft Coordinator backup for the Chicago Field Office and provides support to local and state law enforcement and other federal agencies in their identity theft investigations.

Presentation Risk Assessment Analytics


ACAMS Chicago Chapter FinTech Panel Workshop and Member Appreciation Event

On December 17, 2015, the ACAMS Chicago Chapter will feature a panel discussion with Industry Leaders about the continued advancement of financial services technology (“FinTech”) followed by a member appreciation social – with various hors d’oeuvres.

Speakers

  • Jason Heinrichs, The Kinetic Group
  • Natalia MacWilliam, Pangea
  • Raja Qasim, CAMS, CFE, Senior Risk Management Specialist, Federal Reserve Bank of Chicago

ACAMS Chicago Chapter Double Session

On August 25, 2015 (Tuesday), the ACAMS Chicago Chapter will be hosting a double session workshop. The first session is a discussion about “OFAC/Sanctions Compliance in 2015: Policies, Procedures and Best Practices can Prevent Penalties.” The second session will focus on “Quds Force.”

Speaker – 1st Session: Timothy R. White, CAMS, National Risk Specialist, BSA-OFAC Bankers Toolbox, Inc.

Mr. White has licensed AML and Sanctions Interdiction Software to over 1000 financial institutions since he started working in the banking compliance arena in 1994. He is an expert on OFAC and sanctions issues and has addressed OFAC and BSA topics at conferences throughout the United States. Mr. White has published articles in the ABA Bank Compliance Magazine, ACAMS Today and Western Banking Magazine. He is a current member of ACAMS’ Certification Exam Task Force. Mr. White was a member of a working group formed by the United Nation’s Al-Qaida Taliban Sanctions monitoring team pursuant UNSCR 1735 in 2007.

Overview – 1st Session:

Hard questions that compliance officers, auditors and examiners are asking about OFAC/Sanctions Compliance. How do you update the bank’s risk based OFAC/Sanctions program? How do you address the increased complexities within the latest sanctions programs enforced by OFAC? What are the examiners looking for within an OFAC program? What are the best practices? What risks have changed? What lists need to be checked? Why are the enforcement actions and penalties so large? Lastly, what are the lessons to be learned from others OFAC mistakes?

Speaker – 2nd Session: Kirk Meyer – Senior Financial Intelligence Unit Manager with GE Capital Americas’

(GECA) Financial Crimes Compliance Program. Prior to joining GECA, Kirk, as a U.S. Drug Enforcement Administration (DEA) Supervisory Special Agent, was the founding Director of the Afghanistan Threat Finance Cell (ATFC), a United States National Security Council initiative to track funding to the Taliban and other terrorist organizations and to track corruption within the Afghan Government. He spent a total of twenty-three years with the DEA, serving fourteen years in Southeast and Southwest Asia and nine years in domestic assignments in Chicago, Illinois and Washington, D.C.

Overview – 2nd Session:

With the possibility of sanctions relief for Iran, many global companies are eagerly anticipating access to a long untapped and valuable market, as well as joint venture opportunities. Unfortunately, even if there is sanctions relief, Iran will remain a high risk jurisdiction because of its support for terrorist organizations. Iran’s Quds Force, a special forces unit – that is a designated terrorist organization – promotes Iranian overseas national security objectives. The Quds Force provides material support and guidance to terrorist groups like Lebanon-based Hezbollah. Besides promoting Iran’s national security interests, the Quds Force is involved in a number of key industries, such as construction and shipping. For businesses interested in entering the Iranian market, an understanding of the Quds Force and its business interests will be essential for making future risk-based decisions. This presentation will provide an overview of the Quds Force and its involvement in the Iranian economy.


ACAMS Chicago Chapter Double Session Event on 5-12-15 at BMO Harris

Presentation material from the sessions has been posted for your reference:


ACAMS Chicago Chapter Double Session Event: “Money Services Businesses: Understanding the Risks and Rewards” and “How the Grinch Stole Your Identity.”

ACAMS Chicago Chapter double session event at Wells Fargo Bank, N.A.’s Downtown Chicago office was sponsored by Wells Fargo and Thomson Reuters and featured industry experts for sessions covering understanding the risk and rewards of MSBs and identity theft. Our panel of five leading MSB experts talked about the various types of MSBs, sources of revenue for banks that service MSBs, IRS examinations of MSBs, and more. Our first session panelists included the following:

  • Daniel Hoyer, CAMS – President, Optimized Compliance Solutions, LLC
  • Abby Hans – President, Hans Management, Inc.
  • Michael Hans – Director of Operations & Compliance Officer, Hans Management, Inc.
  • Ernesto Rios – IRS Revenue Agent
  • David Ryan – MSB Division, Republic Bank

For our second session, the Holiday Season was upon us with ‘Tis the season, don’t let fraudsters and identity theft rings put the bah-humbug in your company’s holiday! Our speaker Amanda DuPont, Esq., Public Records Product Specialist at Thomson Reuters discussed the latest about identity theft rings and the tools that can help you effectively investigate and navigate through this growing problem.

Presentation material from the sessions has been posted for your reference:

Pictured immediately below is Dan Hoyer President, Optimized Compliance Solutions, LLC along with the panel of MSB industry leaders during the first session. The next picture further below is Amanda DuPont, Esq., Public Records Product Specialist at Thomson Reuters speaking at the second session.


ACAMS Chicago Chapter Double Session Event Sponsored by GE Capital

Speakers

  • Michelle Hemerley, Managing Director, Compliance Consulting, FIS Enterprise Governance Risk and Compliance Solutions
  • Ron Braver, CAMS, CPA, CFE – Principal, Ron Braver and Associates for the first session
  • Kirk Meyer, Senior Financial Intelligence Unit Manager, GE Capital Americas

The first session provided an assessment of the current situation, challenges and impact that State licensed medical marijuana cultivators and dispensaries are facing with the lack of banking services. Both pros and cons were covered along with the legal requirements and regulatory expectations. The second session was a discussion of mobile technology integrated with banking that is transforming the developing world where almost 3 billion people are without ready access to financial services. In addition, the World Bank estimated that in 2013 there were approximately 232 million international migrant workers who remitted an estimated 542 billion dollars to their home countries, approximately 412 billion of this going to the developing world. The number of these international migrant workers and the amount of remittances to their home countries are expected to continue to grow in the future with globalization and advances in technology. The presentation examined mobile finance systems such as Afghanistan’s M-Paisa, Kenya’s M-Pesa, the Philippines’ Globe G-Cash, South African’s Wizzit and also talked about what’s the future of mobile international remittances and whether or not they pose AML and terrorist finance risks.

Presentation material from the sessions has been posted, including the survey results:

Pictured below left for the first session are Ron Braver, Principal, Ron Braver and Associates and Michelle Hemerley, Managing Director, Compliance Consulting, FIS Enterprise Governance Risk and Compliance. The second picture is of Kirk Meyer, Senior Financial Intelligence Unit Manager, GE Capital Americas for the second sessions.


Project Cornerstone, HSI’s comprehensive enforcement initiative focusing on financial investigations and Human Trafficking & Smuggling

Our guest speakers, Special Agents from Homeland Security Investigations, presented an overview about Project Cornerstone, an enforcement initiative that identifies and eliminates vulnerabilities within U.S. financial, trade, and transportation sectors that could be exploited by criminal organizations. Also discussed was Project STAMP, (Smugglers and Traffickers Assets, Monies and Proceeds) which was developed to target human smuggling and human trafficking from an aggressive anti-money laundering stance. The Presentation included case studies of actual investigations worked by HSI.


ACAMS Chicago Chapter Double Session Event Sponsored by PwC

Featured Paige Williamson, Special Agent Homeland Security Investigations discussing “Project Cornerstone, HSI’s comprehensive enforcement initiative focusing on financial investigations and Human Trafficking & Smuggling.” The second session featured Kevin Dalvi of PwC discussing “AML Model Validation – Transforming Organizational Variability into Regulatory Assurance.”


Things Your Mother Never Told You About Prepaid Cards

Our guest speakers from Alvarez & Marsal (Craig D. Stone, Managing Director, Donna DeMartino, Senior Director & Theresa Baker-Smith, Director) provided a thorough review and analysis of prepaid cards, including regulatory focus and monitoring. Their presentation covers it in detail and if you need to follow up on a question with them, their contact information is at the end of the PP.

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AML Testing, Techniques and Trends


Banking & Cyber Security


Terrorism Investigation – A Law Enforcement Perspective


Unconventional Systems and Risks to Your Institution – A Closer Look at Social Networks and Hawalas


Event Topic: BSA/AML Look Backs: Everything you Wanted To Know But Are afraid to Ask


A Panel Discussion about the New SAR – Are you Prepared?

Jack Oskvarek

Jack Oskvarek, CAMS, AMLP
Chair
Wintrust Financial Corporation

Jack Oskvarek, Senior Vice President BSA Executive Director for Wintrust Financial Corporation, a $20 billion holding company for 15 separately chartered banks, is responsible for bank-wide AML/BSA/OFAC functions. Prior to joining Wintrust in Nov 2013, Jack served in similar roles at Banco Popular North America, Park National Bank, AMCORE Bank and MidAmerica Bank. Jack’s experience includes implementing innovative management dashboard reporting, establishing detailed EDD programs (particularly for IPB), improving investigatory processes along with refining transaction monitoring systems. Of particular note in July 2007 he was brought in to AMCORE Bank to navigate through an OCC formal agreement and consent order and build a comprehensive BSA/AML/OFAC program and team. Functioning in this integral role, all adverse OCC regulatory actions were lifted in April 2008. Jack has more than 25 years of banking experience.

Prior to joining AMCORE (now BMO Harris) in July 2007, he was First Vice President, BSA Officer & Deposit Operations Manager at MidAmerica Bank, where he was responsible for bank-wide AML/BSA/OFAC functions (completing a full AML/FIU build-out of personnel and systems), deposit operations, servicing departments, wire operations, internal help desk, and contact center. Prior to MidAmerica Bank, Jack served as VP, BSA Officer & Manager of Retail Banking Operations at TCF Bank (formerly Standard Federal Bank), which included AML/BSA/OFAC functions, loss prevention/fraud operations, compliance, branch mgmt, and was Plan Trustee for a $10 million employee pension portfolio.

Jack earned a bachelor’s degree in business with a finance concentration from De Paul University. He is a Certified Anti-Money Laundering Specialist (CAMS designation from the Association of Certified Anti-Money Laundering Specialists) and is a certified Anti-Money Laundering Professional (AMLP designation from BAI).

His professional experience also includes founding the ACAMS Chicago Chapter, which under his leadership received the 2011 worldwide Chapter of the Year Award, and continues to serve as Chairman. Jack also serves on various ACAMS committees and participated on panels such as the ACAMS Annual AML & Financial Crime Conference and the ABA AML National Conference in Washington D.C. Outside his professional life, Jack is an avid tennis player, swimmer, mountain biker and a dedicated Blackhawks fan.

Email: joskvarek@wintrust.com


Kimberly Barnes

Kimberly Barnes, CAMS
Secretary
JPMorgan Chase Bank

Kimberly Barnes is a Vice President in the Commercial Banking Compliance Advisory group. Kimberly is responsible for providing support on all U.S. regulatory requirements to the International and Multinational Corporate banking teams and acts as the central point of contact while coordinating compliance governance and oversight in all countries where Commercial Banking does business. Kimberly is also responsible for providing regulatory support to the firm’s Wholesale Loan Operations team. Prior to joining JPMorgan Chase, Kimberly worked for Crowe Horwath as a manager in the firm’s AML consulting practice. While there, Kimberly focused on transaction monitoring and money laundering investigations. Kimberly has acted in the Quality Control function for multiple areas of the investigative process including analysis, investigation, and Suspicious Activity Report preparation. She has also completed several Risk Assessments in which she was responsible for identifying high-risk activities within the institution. Kimberly has also been involved in the creation of Financial Intelligence Units within financial institutions. This has involved training employees, creating manuals and other reference documents, and providing Bank management with information to make informed decisions. Kimberly earned a degree in Finance from the University of Illinois in Champaign, an MBA from Northwestern University’s Kellogg School of Management and is a Certified Anti-Money Laundering Specialist (CAMS).

Email: kimberly.j.barnes@jpmorgan.com


Fredia S. Wynne

Fredia S. Wynne, CAMS
Treasurer
Federal Reserve Bank of Chicago

Fredia Wynne is a Senior Specialty Risk Examiner with the Federal Reserve Bank of Chicago. She has over 25 years of experience in the financial services industry. Prior to joining the Federal Reserve Bank, she was the BSA Officer for a U.S. payments processing company, where she and her team were responsible for the implementation of the AML and OFAC compliance programs including, risk assessments; policies and procedures; quality assurance testing; suspicious activity reporting; and AML training. She also worked at Bank of America for 20 years in various capacities, including Senior Compliance Relationship Manager providing BSA/AML compliance support to the wholesale side of the business and the Bank’s broker-dealer, and Senior Auditor covering the retail bank.

Fredia holds a B.S. degree in Accounting from the University of Illinois at Chicago. She is a Certified Public Accountant (CPA) and has attained the Certified Anti-Money Laundering Specialist (CAMS), Certified Regulatory Compliance Manager (CRCM), and Certified Risk Professional (CRP) designations.

Email: fredia.wynne@chi.frb.org


Matt Weberling

Matt Weberling, CAMS
Co-Treasurer
MB Financial

With 11+ years of experience in the Anti-Money Laundering field Matt is a dedicated AML professional whose career has been focused in FIU investigations including the detection, investigation and reporting of suspicious activity. Matt has conducted thousands of investigations of varying complexity related to all manner of financial crime. In 2005 he received training by IRS Criminal Investigation special agents while working as a charter member of a project team that helped build out the FIU and BSA/AML Department at Mid America Bank (Now PNC Bank). Matt obtained his CAMS designation in 2007 and has been an active member of the ACAMS Chicago Chapter since its founding and was a board member of the chapter when it received the ACAMS ‘Chapter of the Year’ award in 2011. Investigations have resulted in the filing of over 2,000 Suspicious Activity Reports (SARs) to FinCEN. SAR filings have resulted in federal law enforcement investigations including successful prosecutions of individuals for civil and criminal financial crimes. At MB Financial Bank he has been a highly productive senior investigator assisting in the training of new FIU personnel with no experience who have become proficient and competent investigators. Matt has been involved in systems training, alert tuning, regulatory exam data collection, and Quality Assurance peer review work. In October 2011 Matt co-presented at a full day ACAMS seminar entitled ‘Coordinating Effective AML Investigations: Law Enforcement Methodologies & Private Sector Techniques’. The lead presenter was Dennis Lormel (Former head of FBI Terrorism Asset Tracking Division Post-9/11). Recently Matt was designated as the most experienced team member in a new ‘Special Investigations Unit’ within the Financial Crimes Risk Management Division Financial Intelligence Unit.

Email: mweberling@mbfinancial.com


Teri Downey

Teri Downey
Membership Director
Wipfli CPAs and Consultants

Teri Downey is a manager in the Wipfli Regulatory Compliance Division of the Financial Institutions Group. Teri has over 15 years of experience in internal audit and regulatory compliance consulting for financial institutions ranging in size from $40 million in assets to over $10 billion. Teri’s internal audit experience is focused in commercial, real estate and consumer lending, while her compliance experience includes BSA/AML and OFAC, retail, mortgage and commercial lending, HMDA/CRA, deposit and retail operations regulations, Regulation O and GLBA/Privacy. Teri graduated from Rockford University with a Bachelor of Science degree in Accounting. Teri is a Certified Anti-Money Laundering Specialist (CAMS) as well as a Certified Regulatory Compliance Manager (CRCM), a Certified Financial Services Auditor (CFSA), and a Fiduciary & Investment Risk Manager (FIRM).

Email: tdowney@wipfli.com


Paulina M. Peters

Paulina M. Peters, CAMS
Co-Membership Director
BMO Harris Bank

Paulina has over 11 years of experience in the financial and banking industry. Since 2007, Paulina has held numerous roles in the AML field from Analyst to Team Lead and has held roles in AML governance, testing/QA and oversight since 2010. In her current role, she is tasked in designing and implementing the process for governance and oversight activities for risk assessments and new initiatives and provides assistance to the Lines of Business within the US Personal and Commercial group at BMO Harris Bank as part of the AMLRO office. Paulina previously worked at MidAmerica Bank (currently PNC), Park National Bank (currently US Bank), and GE Capital. Paulina graduated from the University of Illinois at Chicago in 2005 with a Bachelor’s degree in Criminal Justice.

Email: paulina.peters@bmo.com


Gregory LeMond

Gregory LeMond
Programming Director
Crowe Horwath LLP

Greg LeMond is an Executive at Crowe Horwath LLP and is the firm-wide solution owner for AML Investigations & Reporting and AML Lookbacks. He has been a Project Manager on some of the firm’s largest projects including assisting institutions that have been under enforcement actions or regulatory scrutiny. His multi-disciplinary projects have included exam response management, AML Lookbacks, AML Risk Assessments, financial intelligence unit development, transaction monitoring optimization and risk-based customer due diligence. Greg’s most recent project success included assisting the bank with successful compliance to an enforcement action. Greg has presented on several AML topics including an on-line webinar on Lookback Execution and Approach.

Email: glemond@crowechizek.com


Krzysztof Makowski

Krzysztof (Kris) Makowski, CAMS
Co-Programming Director
Wintrust Financial Corporation

Krzysztof (Kris) is a BSA/OFAC Officer at Wintrust Financial Corporation. He is leading a team responsible for OFAC-related activities across the organization. Before joining Wintrust he worked at several financial institutions in the Chicagoland area and also managed AML teams at subsidiaries of global financial institutions in Poland. He has been instrumental in key AML Department build-outs and look backs. He has worked in retail banking, loss prevention and in the last 11 years has been focusing on AML. He graduated with a double Polish/American Bachelor’s Degree in Business Administration and also a Polish Master’s Degree in Strategic Management.

Email: kmakowski@wintrust.com


Brian Arrington

Brian Arrington, CAMS
Communications Director
Federal Reserve Bank of Chicago

Brian Arrington is currently an Assistant Examiner with the Federal Reserve Bank of Chicago. He has over 15 years of experience in the financial services industry and previously served as a consultant for a "Big 4" accounting firm as a BSA/AML and OFAC compliance specialist, where he provided advisory services for a number of large and diversified financial institutions. Throughout his career in compliance, Brian has advised financial institutions on matters relating to BSA/AML regulatory compliance, risk management and controls, policies, procedures, and operations management strategies as well as the process integration of BSA/AML and OFAC Information Technology solutions. Brian has also worked as a BSA/AML and OFAC Compliance Officer for a large bank in the Chicagoland area, where he served as the national process coordinator for BSA/AML investigations and compliance management. Brian received his Master of Business Administration (MBA) from the Kellstadt Graduate School of Business, DePaul University and is a Certified Anti-Money Laundering Specialist (CAMS).

Email: brian.arrington@chi.frb.org


Michael Grossman

Michael Grossman
Co-Communications Director
Wells Fargo Bank, N.A., Global Financial Institutions

Michael joined Wells Fargo on January 17, 2014 as the Domestic US Regional Senior Compliance Officer. In this capacity, Michael provides AML-related compliance support to the domestic portfolio of clients within Wells Fargo’s Global Financial Institutions Group. Prior to joining Wells Fargo, Michael was Vice President and AML Policy and Program Manager, for BMO Harris Bank, N.A., where he provided AML support to the Personal and Commercial, Private Client Group, and Capital Markets lines of business. Michael was also formerly Vice President and BSA/AML/OFAC Officer at for several legal entities at The Northern Trust Company. He earned his MBA from DePaul University and his undergraduate degree from the Illinois State University and is a Certified Anti-Money Laundering Specialist and a member of the Association of Certified Anti-Money Laundering Specialists.

Email: michael.j.grossman@wellsfargo.com