E-Commerce: Weighing the AML Risks. (CD-ROM)
Glittering new services such as on-line banking, E-money and digital currency provide speed and convenience for customers and providers alike. But they also offer unparalleled opportunities for money laundering and expose financial institutions to unexpected risks. Innovations such as Internet gambling are also causing unanticipated headaches for compliance officers, who find themselves caught in a complex web of federal and state regulations. A first line of defense is to understand how these services operate and how they may be manipulated. This session will explain how to recognize the dangers associated with these new services and the latest steps institutions are taking to manage their risks.
Speakers:
John Atkinson
John is currently the Assistant Vice President in the Supervision and Regulation Division
for the Federal Reserve Bank of Atlanta. John oversees anti-money laundering and fraud examinations, investigations, training, and outreach. He directs the supervision of all aspects of international and domestic wealth management activities and coordinates all enforcement actions in the Sixth Federal Reserve District. Previously, he served two years as the Federal Reserve System’s associate product manager for the Fedwire program. He is also a frequent speaker at national and international conferences and seminars on money laundering matters.
Art Middlemiss
Art is the Director of AML Surveillance and the Managing Director for Bear, Stearns & Co. Inc. In this capacity he is responsible for the coordination, implementation and oversight of the daily operation of the AML surveillance program for Bear, Stearns & Co. Inc. and Bear, Stearns Securities Corp. In that role, he oversees the Suspicious Activity Report filing process, and supervises a staff of attorneys and surveillance analysts in investigations resulting from alerts and exceptions generated by the firm’s AML monitoring systems. The Bear Stearns AML program monitors an account base of over one million. Before joining Bear Stearns, Art served as an Assistant District Attorney in the New York County District Attorney’s Office.
I. Nelson Rose
Nelson is a Senior Professor of Whittier Law School and is recognized as one of the world's leading authorities on gambling law. He is an internationally known scholar, author and public speaker. He is best known for his internationally syndicated column, Gambling and the Law®, and his landmark 1986 book by the same name. He is the co-author of Internet Gaming Law and the field’s first casebook, Gaming Law: Cases and Materials. A consultant to governments and industry, Nelson has testified as an expert witness in administrative, civil and criminal cases in the U.S. and abroad, and has consulted to international corporations, licensed casinos, players, Indian tribes, and local, state and national governments.
Recorded: February 13, 2008
Return Policy.
CD-ROMs are non-refundable after purchase. Replacement only if CD-ROM is returned.
