Virtual Currencies for Compliance Professionals

  • When:December 13, 2019
  • Where:New York, New York
  • Venue: Convene
    The Forum Room
    237 Park Avenue
    New York, NY 10017

This one-day interactive seminar addresses core AML practices that may remain effective in the new paradigm of virtual and crypto-based currencies, changes that need to be implemented immediately and mandatory elements of a solid compliance program. This seminar is designed to provide you with a strong understanding of the principal elements and the knowledge required to lay the foundations of a compliance and risk management program at all levels.

Fortify Your Knowledge base and Compliance Skills Through:

  • Learning practical AML principles and skills for onboarding, monitoring, detecting and reporting virtual currency transactions.
  • Examining some real-life scenarios, discussing likely simulations and engaging in guided discussions.
  • Acquiring the skills for implementing proper internal controls and risk management practices, policies and procedures at all levels.

Agenda

7:45 AM – 8:45 AM Registration and Networking Breakfast
8:45 AM – 9:00 AM Welcome Remarks
9:00 AM – 10:00 AM A BRIEF HISTORY OF VIRTUAL CURRENCY AND AN OVERVIEW OF RISKS, ENFORCEMENT AND LAWS
10:00 AM – 10:20 AM Networking and Refreshment Break
10:20 AM – 11:20 AM CREATING AND MAINTAINING AN AML AND RISK MANAGEMENT FRAMEWORK FOR A VIRTUAL CURRENCY ECOSYSTEM
11:20 AM – 12:15 PM INTERAGENCY REGULATORY DEEP DIVE
12:15 PM – 1:30 PM Networking Luncheon
1:30 PM – 3:00 PM INTERACTIVE WORKSHOP: BANKING VIRTUAL CURRENCY EXCHANGERS: CONSIDERATIONS TOWARD COMPLIANCE EXPECTATIONS AND TRANSACTION MONITORING
3:00 PM – 3:20 PM Networking and Refreshment Break
3:20 PM – 4:45 PM INTERACTIVE WORKSHOP: BANKING VIRTUAL CURRENCY EXCHANGERS: CONSIDERATIONS TOWARD COMPLIANCE EXPECTATIONS AND TRANSACTION MONITORING
4:45 PM – 5:00 PM Q&A and Closing Remarks

*Agenda subject to change.

Pricing

ACAMS Members Non-Members
$645 $745
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*Enterprise and Government members may receive preferential pricing. Please contact salesrequests@acams.org to register.

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Speakers:

Shannon-Lee Eng
  • Shannon-Lee Eng, CAMS

  • Compliance Lead
  • Square Inc

Bio

Shannon-Lee Eng serves as the US AML Compliance Lead at Square Inc., a financial services company providing a suite of services including payment processing to micro and small/medium sized businesses and peer to peer payments through the CashApp product. Shannon is a CAMS certified compliance professional with over 20 years of experience in the financial services industry. In her role at Square, she manages and has direct oversight of all US AML Operations including suspicious activity monitoring and reporting, Customer Due Diligence, Enhanced Due Diligence, sanctions, quality control and compliance analytics. Prior to joining Square, she spent thirteen years with Silicon Valley Bank where she worked with fintech and payments companies, established the BSA/AML Investigations and KYC/EDD Teams, and served as the Senior BSA Compliance Officer.


Sherri Scott
  • Sherri Scott, CAMS-Audit

  • Financial Crimes Investigator, Agent
  • Makton Investigations & Consulting

Bio

After completing her Masters of Business Administration (MBA) from Eastern Illinois University, Sherri worked as a bank regulator for the Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC). Her inquisitive nature led her to work for the Federal Bureau of Investigation (FBI) in the Counterterrorism and Counterintelligence Unit. Subsequent to the FBI, she returned to the banking industry and sharpened her skills where Sherri personally led the investigation of a multi-million dollar international fraud scheme that was bought to prosecution by the U.S. Attorney’s Office.

Sherri is also a Certified Anti-Money Laundering Specialist (CAMS) and one of the few individuals to have both of the advanced CAMS certifications in Audit and Financial Crimes Investigations (FCI). The Association of Certified Anti-Money Laundering Specialists (ACAMS) has published two of her white papers, “CannaBanking: Cultivating a Culture of Compliance” and “Cryptocurrency Compliance.


William Voorhees
  • William J. Voorhees¸ MFA, C.F.E., CAMS

  • Senior Vice President Financial Intelligence Unit Manager
  • BB&T

Bio

Mr. Voorhees is the manager of the Financial Intelligence Unit at BB&T Bank in Raleigh, NC. Within the FIU at BB&T, Will manages AML Operations, Investigations, EDD/KYC and Global Sanctions. Prior to this role, Will Was the Head of BSA/AML at Silicon Valley Bank in Santa Clara, CA.

Over the past few years, Will has become an expert in payments and digital currencies, including Bitcoin, and has spoken on the topic to numerous professional groups and government agencies all over the world.

Will is a former police officer and holds a Master’s degree in Forensic Accounting. He is a Certified Fraud Examiner and Certified Anti-Money Laundering Specialist and is a founding co-chair of the Northern California and Greater Phoenix chapters for ACAMS.