Credit Card Industry: New Weapons to Fight Risk.

The credit card industry is undergoing explosive growth thanks to the ease and universal accessibility of credit and debit cards. But what’s convenient for consumers can be a nightmare for anti-money laundering (AML) compliance officers. As electronic payment systems become universal, tougher controls are needed, and lawmakers have enacted ever tighter legislation to prevent financial crime. In this seminar, learn how credit card companies are customizing AML programs to fit their business model, and see how they are harnessing the latest transaction monitoring technologies to meet compliance demands and stay ahead of financial criminals.

The Experts:

Barry Koch, CAMS
Barry Koch is the Global head of anti-money laundering, for American Express Company in New York. He manages the corporate AML and sanctions programs and oversees the compliance programs for its foreign exchange and travelers cheques businesses. Barry is a member of the US Treasury Department’s Bank Secrecy Act Advisory Group. Previously, he was a senior vice president of risk management and investigations at Charles Schwab & Co. Barry is CAMS certified and also a member of the ACAMS Advisory Board.

Michael Shutterly, CAMS
Michael Shutterly is Director, AML/OFAC Compliance at Capital One Financial Corporation. He served as in-house legal advisor for the development of Capital One’s post-USA PATRIOT Act AML and terrorist financing compliance programs and currently focuses entirely on anti-money laundering governance. He has twenty-two years of legal and compliance experience in banking and financial services, in addition to six prior years of experience as a commercial lawyer. Michael is a Certified Anti-Money Laundering Specialist (CAMS) and Certified Regulatory Compliance Manager (CRCM).

Recorded: January 24, 2007

The more you buy, the more you save!