ACAMS Virginia Chapter

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Upcoming Events

Upcoming Virginia Chapter learning events will be announced soon.

Welcome to the Virginia ACAMS Chapter website! The Chapter seeks to provide education and networking opportunities towards advancing the knowledge and skills of those involved in the identification, detection and prevention of money laundering. Through hosting events featuring speakers from various industry segments and the Government, we plan to be a resource for financial institutions and related businesses, law enforcement, and the academic community. Additionally, the Virginia Chapter will continually seek out opportunities to help distinguish CAMS members as the preferred subject matter experts in the field of anti-money laundering compliance.

Congratulations to our Board Member Elaine Yancey on being featured in the ACAMS Today article “Women in AML”.

Elaine Yancey, a Managing Examiner at the Federal Reserve Bank of Richmond is featured in an article in the March-May issue of ACAMS today. The article is a showcase to influential women in the AML field including those with years of experience and newcomers who are also leaving their stamp on the industry. When ACAMS Today asked veterans in the field what their proudest AML career moment was, Elaine’s response highlighted another valuable organization in the Richmond area with which she has shared her knowledge and expertise:

“The date was March 19, 2013, and the location was sunny Hollywood, Florida, the venue for the 18th Annual ACAMS International AML and Financial Crimes Conference. This was the day that ACAMS Executive Vice President John J. Byrne publicly recognized the efforts of the BSA Coalition by giving it the ACAMS Private-Public Sector Service Award. As a regulatory advisor to this unique organization, a group of AML professionals who discuss and resolve BSA/AML issues, I have learned so much. I am honored to be among women recognized in the AML field.”

ELAINE RUDOLPH YANCEY, MBA, CAMS
Managing Examiner, The Federal Reserve
Bank of Richmond, United States

As the BSA Coalition’s Regulatory Advisor Elaine has worked in partnership with financial institutions, regulators, and law enforcement to provide the necessary tools to bankers to establish effective BSA/AML Programs. Elaine’s contributions to both ACAMS and the Coalition have been significant and we are pleased to have her as a member of our Board.

ACAMS members in a meeting for Best Practices for BSA/AML Software Testing

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Upcoming Virginia Chapter learning events will be announced soon.

AML exposures within credit cards, retail payment system, and ATM networks

Payments Risks and Fraud

What’s in your portfolio?

Hopefully not a dealer in weapons of mass destruction or human traffickers. But, how can you be sure? Join us as we explore retail payment systems, credit cards, ATM system breaches and how they should fit into your overall AML Program.

Mike Ford, of NetBank Audit will discuss recent ATM card system breaches, the history of such events, and controls that can prevent and/or mitigate the damage of such attacks. ATM Cash Out schemes or Unlimited Operations can cause staggering losses but have thus far not garnered the same level of attention from the banking community as some other threats. The presentation will explore the reasons behind this potential blind spot and how the proactive risk manager can help their institution.

Dave Lott, Payment Risk Expert with the Retail Payments Risk Forum of the Federal Reserve Bank of Atlanta, will update us on the latest payments technologies and trends as well as the Federal Reserve’s role in payment systems. He will also discuss related customer, transaction and data security issues, including fraud.

James Hitchcock of Capital One will review the BSA/AML exposure that credit cards can pose and discuss red flags for unusual activity as well as best practices for card monitoring.


ACAMS Virginia Chapter Loan Fraud Event


Financial Elder Exploitation: Cross Industry Collaboration and Financial Fraud Schemes: 2018 Trends

Join the Virginia Chapter for our Inaugural Law Enforcement Appreciation Double Panel Event!

This double panel event will focus on emerging trends and challenges. Hear from industry experts representing banking, law enforcement, legal, and government perspective on evolving fraud risks impacting our communities and financial institutions.


Triple Tax Refund Fraud, Micro-structuring, and Cryptocurrency Panel Event


Year in Review

Panel 1-Cyber: Understanding the Unknown
9:30 AM – 11:00 PM
Join us as we explore Cyber Risk, Cyber Threats and Cyber Security with industry experts. This panel will focus on what these terms means, how they are measured and quantified using the new FFIEC risk assessment and how these risks intersect with the world of AML. We will also look into how these evolving risks are addressed during the exam process.

Panel 2-Beneficial Ownership and the Impact to Vendor Management
11:15 AM – 12:30 PM
As the calendar speeds towards May 11, 2018, it is important to remember not all aspects of Beneficial Ownership Compliance may be within our control. Bank vendors play an important part in all of our efforts to implement our programs. This panel will explore the importance of vendor management as it relates to Beneficial Ownership Compliance.

Sponsored by:


Year in Review

Please Join ACAMS and Hunton & Williams for the Annual “Year in Review:” A Look Back at the Most Significant Enforcement Actions and Developments in AML and OFAC Sanctions and What it Means for Your Compliance Programs.


Personal Liability: Understanding the risk and deploying a sound mitigation strategy

This multi-panel event will focus on both the industry and regulator perspective of personal liability risk, followed by a discussion on developing a mitigation strategy to include training, monitoring, and reporting within your organization.

Speakers

  • John Davidson, E*TRADE ▪ Sarah Green, FINRA ▪ Gary Peterson, Crowe Horwath
  • Daniel Stipano, Buckley Sandler▪ Judith Lee, Gibson Dunn ▪ Blake Walker, Crowe Horwath

Download Presentation


ACAMS Virginia Double Session Event! “Connecting the Dots: Best practices for identifying, assessing and monitoring BSA/AML risk” and “Beneficial Ownership: Where should I be now?”


Panama Papers-One Year Later

Download Presentation

Join us for a discussion focused on identification and management of off-shore accounts. Our panelists will discuss the how and why of these types of accounts. Hear from industry leaders as we connect the dots between off shore accounts and Anti-Money Laundering & Foreign Corrupt Practices Act. Learn best practices for integrating these lessons learned into your BSA/AML Programs.


Taming the Dragon

Hear from experts in law enforcement and financial services about the dangers of opioid abuse, the challenges we face, and how we can work together in partnership to address the issues. Discussion will include red flags, typologies, key words, strategies, takeaways, and Q&A.

This is a joint event of the US Capital Chapter and Richmond Chapter of ACAMS, with many thanks to the Fairfax County Police and Thomson Reuters.


Beyond the 5th Pillar: Operationalizing Beneficial Ownership Requirements

Join us for a discussion focused on best practices to prepare your organization for beneficial ownership requirements. Hear from industry leaders offering a bank, audit, and software perspective. Obtain the tools to begin coordinating compliance efforts, engaging all levels of an organization.

Download Presentation


2016 Year in Review

Join us for a look back at the most significant enforcement actions in 2016, what went wrong and takeaways to enhance your compliance program. This annual review is intended to fulfill training requirements for Senior Executives and Management.

Speakers

  • Gauhar R. Naseem, Principal Counsel, FINRA-Department of Enforcement
  • Terry Hubbard, National Bank Examiner, Office of the Comptroller of the Currency
  • Laura Colombell Marshall, Partner, Hunton & Williams LLP

Internet Gambling: New Technologies & New Risks

Join the ACAMS Richmond Chapter for a discussion about Virginia’s “Fantasy Contests Act” and other developments in online gambling. Learn more about the new law, requirements to do business in the Commonwealth, current enforcement initiatives and associated money laundering risks.

We are pleased to host our annual law enforcement event at no cost to our law enforcement partners.

Speakers

  • Michael Menefee, Program Manager Office of Charitable and Regulatory Programs, Virginia Department of Agriculture and Consumer Services
  • Brandon M. Santos, Esq.McGuireWoods, LLP
  • Maria Boyer, Compliance & Security Officer, Bank of Clarke County

When Goods Go Bad: Trade Based Money Laundering

Join the Richmond Chapter for an event focusing on trade based money laundering. Learn how it works, what to look for, and what you need to know to design a program to protect your bank. The event is intended to be appropriate for BSA/AML professionals, Consultants, and Regulators.

Speakers

  • Peter D. Dugas, Managing Director of Government Affairs, Center of Regulatory Intelligence FIS
  • Shaswat (Shas) K. Das Senior Attorney Hunton & Williams

Behind the 4 Pillars: Is Your AML House Really Rock Solid?

Speakers

  • Patrick Brown, CAMS, President at Integra Systems
  • Anne Archer, CAMS, BSA Officer at Xenith Bank
  • Elaine Yancey, CAMS Managing Examiner at the Federal Reserve Bank of Richmond
  • Christi Burge, Corporate BSA Officer at C&F Bank

Download Presentation


2015 ROUND UP: A FOCUS ON THE TONE AT THE TOP AND HOW BSA/AML CONTRIBUTES TO THE CULTURE OF YOUR ORGANIZATION


What Banks Need to Know About U.S. Trade Sanctions and Export Controls

Featured Speakers from:
Homeland Security Investigations
Special Agent Daniel Leary
Special Agent John McCormack

In the ACAMS Richmond annual joint event with law enforcement HSI Agents will discuss the Cornerstone Program, a partnership between law enforcement and the financial industry designed to combat money laundering, as well as current trends and red flags based on recent criminal prosecutions. The agents will cover the key trade sanctions and export controls regulations, International Traffic in Arms Regulations (the ITAR), the Export Administration Regulations (the EAR), and the Office of Foreign Assets Control (OFAC) regulations. Discussions will focus on how these regulations impact financial institutions of all sizes. Don’t miss this opportunity to network with law enforcement officers focused on anti-money laundering initiatives.


ACAMS Richmond Chapter September Event


Asset Forfeiture Training Benjamin Garrison, Assistant Commonwealth Attorney


Learning Event: Laura Marshall, Partner, Hunton & Williams and Former Assistant U.S. Attorney, discusses “Digital Currency”


Partnerships with Law Enforcement – What We Can Learn From and Share with Each Other

Amanda Tucker

Amanda Tucker, CRCM, CAMS
Atlantic Bay Mortgage Group
Co-Chair

Amanda currently serves as the Managing Director of Risk at Atlantic Bay. In this role Amanda has oversight of the organization’s enterprise risk management, regulatory compliance, and financial intelligence oversight.

Prior to joining Atlantic Bay, Amanda served as the Chief Operating and Risk Officer of Old Dominion National Bank.

Amanda has an extensive background in community banking, having held a wide range of risk and compliance roles. She has previously served as Senior Vice President & Operational Risk Manager for Union Bankshares where she was responsible for the development and implementation of the operational risk management framework. Amanda joined Union through their acquisition of StellarOne Corporation where she served as the Director of AML & Fraud.

Prior to joining StellarOne, Amanda served as the Vice President of Compliance for Community Bank where she managed the enterprise compliance management program.

Amanda began her Banking career as a Senior Bank Examiner with the Massachusetts Division of Banks where she participated in the safety and soundness examinations of state chartered banks with a focus on BSA and IT FFIEC examinations.

Amanda is a graduate of Hartwick College in New York and holds a Bachelor of Arts in Political Science. She is also a Certified Regulatory Compliance Manager (CRCM) and a Certified Anti-Money Laundering Specialist (CAMS). Amanda currently serves as a Director on the BSA Coalition’s Advisory Board, and as the Executive Director on the ACAMS Virginia Board.


Heather Allen

Heather Allen
Peoples Bank NC
Co-Chair

Ms. Allen is the BSA Officer for Peoples Bank North Carolina. The Bank has been in business since 1912, growing from a single office to 16 banking centers and five Loan Production Offices throughout North Carolina. Prior to joining Peoples Bank in 2016, Ms. Allen was VP, for Enterprise Risk Management and Compliance for Xenith Bank in Richmond Virginia in which she designed a scalable BSA/AML Program to meet the needs of an institution that completed five mergers during her tenure and grew from 120MM in assets to greater than 3 billion. Ms. Allen has over 18 years of experience in AML/BSA, Risk Management, and Compliance. She is the co-chair of the Virginia ACAM Board, and is a Certified Regulatory Compliance Manager (CRCM) and a Certified AML and Fraud Professional (CAFP).

Email: hallen@peoplesbanknc.com


R Joe Soniat

Joe Soniat
Union Bank and Trust
Board Member

Joe is the administrator of the BSA AML programs for Union Bankshares Corporation, all three banks and its subsidiaries, located in Bowling Green, Virginia. Mr. Soniat has worked in the Internal Audit Section of the Virginia State Police as an Office Services Specialist; as a Finance Officer for the United States Government; and also as a fraud examiner for Circuit City Stores. He is a BSA Coalition Advisory Board Member, which consists of bankers and regulatory representatives from various federal and state banking agencies from the fifth district of the Federal Reserve.

Email: robert.soniat@bankatunion.com


Elaine R Yancey

Elaine R. Yancey
Federal Reserve Bank of Richmond
Co – Speaker Chair

Elaine started her career at the Federal Reserve Bank of Richmond as a consumer affairs examiner dealing with consumer protection laws and regulations. Elaine is currently a supervisory examiner in the safety and soundness division of Banking Supervision and Regulation of the Federal Reserve, with responsibility for the Legal and Fiduciary Risk unit. She works with Bank Secrecy Act/Anti-Money Laundering (BSA/AML) legislation, bank fraud, and fiduciary/trust issues. She is the advisor to the BSA Coalition, a group of financial institution and banking agency regulatory representatives who discuss, debate, and try to resolve BSA/AML issues. Elaine is a graduate of Furman University (Bachelor of Arts) and the Graduate School of Banking at Louisiana State University. In 2005, she obtained her MBA from Virginia Commonwealth University.

Email: elaine.yancey@rich.frb.org


Beverly D Harris

Beverly D Harris, CAMS
US Department of Treasury, IRS, Retired Special Agent
Co-Communications Chair

Beverly’s most recent professional experience was as a Senior Vice President and a Senior Manager of the AML Team for Wells Fargo Advisors, managing all AML Projects and Reports. Prior to that she managed the Investigative and High Risk AML Teams. She was also Associate Manager of the AML Team and a senior consultant on the Special Surveillance and Review Team. She is an experienced law enforcement professional who retired from the Internal Revenue Service where she held various positions, including Special Agent, investigating violations of the US Tax Code, Bank Secrecy Act and Money Laundering Statutes. She also held the positions of Asset Forfeiture Coordinator and Public Information Officer for the Virginia District of Internal Revenue Service-Criminal Division. Beverly holds a Bachelor’s Degree from Old Dominion University.

Email: beverlydharris77@gmail.com


Donna Thrift

Donna Thrift
Stellar One Bank
Logistics Chair

Donna is the Director of Consumer and Mortgage Compliance Audit for SunTrust Bank in Richmond. Previously, she was the Compliance Director for Stellar One Bank. She earned her Bachelor of Arts from the University of Virginia and her Masters of Accountancy from Virginia Commonwealth University. With early experience in banking as a customer service representative and accounting clerk at a savings and loan, Donna became a CPA and worked for Signet Bank in the mid 1990’s. After a stint in manufacturing, Donna returned to banking in 2002, and joined Capital One’s Internal Audit department. She specialized in regulatory compliance audits and project management reviews. While at Capital One, Donna performed a number of BSA/AML audits, including audits of Capital One’s AML/BSA programs in the US and Canada. In June, 2010, Donna left Capital One to become Director of Compliance at Stellar One Bank and left recently to join the SunTrust Audit Department. Donna received her CRCM in 2010.

Email: dthrift@stellarone.com


Robyn Wilson

Robyn Wilson, CAMS, CUCE
Freedom First
Executive Board Member

Robyn Wilson is a Certified Anti Money Laundering Specialist (CAMS) and Credit Union Compliance Expert (CUCE) Studied at the University of Delaware and graduated from Lynchburg College in 1988 with a BA in Management. She started her banking career as a Bank Examiner for the Comptroller of the Currency in 1988-1992 where she first learned what a CTR was. She then worked in various Internal Auditor, Compliance, Risk Management functions at Dominion Bank/First Union/ Wachovia from 1992 until 2005. She worked at Valley Bank from 2005 until 2015 as the VP Bank Secrecy Act and Compliance Officer. Currently, she is at Freedom First Credit Union as SVP Compliance and am the BSA Officer managing and overseeing BSA/AML/OFAC/MIP, Fraud, Physical Security, Regulatory Compliance, internal audits, external audits, and NCUA and Federal Reserve Examinations.

Served on the Board of the Richmond’s Federal Reserve Bank’s BSA Coalition through inception until 2016.


Michelle Nuckols

Michelle Nuckols, CRCM
Dixon Hughes Goodman LLP
Executive Board Member

Michelle Nuckols, CRCM, has more than 26 years of financial services experience with an emphasis in regulatory compliance. Michelle is a Senior Manager with Dixon Hughes Goodman, LLP focusing in regulatory compliance. Prior to joining DHG, Michelle managed her own consulting firm, Pierce Compliance Consultants, Inc., providing regulatory compliance services to community banks. In addition, Michelle was a Vice President and Compliance Officer for a community bank and a member of the executive management team.


Kelly Gentenaar

Kelly Gentenaar
E*Trade Financial Corporation
Executive Board Member

Kelly D. Gentenaar is the Vice President and Deputy AML Officer at E*TRADE Financial Corporation in Arlington, Virginia. Ms. Gentenaar holds a BA from Bucknell University and an MBA from Johns Hopkins University. Ms. Gentenaar currently manages the Transaction Monitoring team, Risk Assessment process, and OFAC program E*TRADE Financial. Prior to joining the firm, she worked as a forensic accountant for Grant Thornton LLP, where she was managed multiple high profile corruption and money laundering investigations.


Matthew Neels

Matthew Neels
Strategic Risk Associates
Executive Board Member

Matt is SRA’s Senior Managing Director for Compliance Management and has extensive experience in Compliance, Anti-Money Laundering, and BSA. Prior to joining SRA, he was the Senior Vice President for Compliance and Anti-Money Laundering at Capital One Financial, the Corporate Compliance & BSA Officer for MBNA Corporation, and the Chief Compliance Officer for MBNA Canada. Prior to MBNA, he managed Corporate Compliance, the Appraisal Division and other control functions at MNC Financial as well as managed regulatory compliance matters and coordination with federal banking authorities. He began his career at the Office of the Comptroller of the Currency as a National Bank Examiner.

Mr. Neels has served on the American Bankers Association’s Compliance Administrative Committee and was active with the Delaware Bankers Association Compliance Committee. He is currently Chairman of the Board of the Better Business Bureau of Central Virginia. He holds certifications in Compliance, Privacy, Money Laundering and Risk Management.

Mr. Neels is a graduate of the University of Maryland.


Stephanie Painter

Stephanie Painter
DuPont Community Credit Union
Board Member

Stephanie Painter is the BSA Manager & BSA Compliance Officer for DuPont Community Credit Union. She is a Certified Anti-Money Laundering Specialist (CAMS) and a member of the Greater Augusta Coalition against Adult Abuse (GACAAA). She is the organizer and co-founder of the Shenandoah Valley Bank Security Roundtable, a group consisting of over 100 financial institution and law enforcement professionals. She graduated magna cum laude from Bridgewater College where she obtained a BA in Political Science. Prior to working at DuPont Community Credit Union, Stephanie held positions with Wells Fargo.