Community Institutions Roundtable: Adopting New, Enhanced Controls to Mitigate Emerging Anti-Financial Crime Threats

  • When: October 9, 2019
  • Time: 12PM – 2PM ET
  • Level: Intermediate to Advanced

Community institutions are under more pressure than ever to leverage personnel and technology effectively and to understand recent enforcement actions against community banks in order to spare themselves similar trouble. Join us for a discussion of best practices for oversight of third-party compliance partners, upgrading CDD procedures and stretching your anti-financial crime (AFC) resources. This webinar will also outline community bank trends, proposed rules, and new regulations, while offering practical steps to addressing AFC issues.

Learning Objectives

  • Analyzing regulatory actions against community institutions to highlight your compliance risks
  • Conducting a risk-based assessment on vendors and addressing the challenges around integrating vendors’ products and delivery channels with bank’s internal controls
  • Optimizing AFC resources by utilizing resources such as professional networks and law enforcement to continuously update knowledge in areas such as crime trends and tech innovations
  • Undertaking institutional risk assessments to prioritize AFC needs and rationalize allocation of resources

Who Should Attend

  • Banking Managers
  • Compliance Personnel
  • AML Consultants
  • Legal and Audit

Region/Industry

  • Global
  • North America
  • Bank/Credit Unions

Pricing

ACAMS Members Non-Members
$245 $445
Register Now Join ACAMS

Moderator

William Voorhees
  • William J. Voorhees, CAMS

  • Senior Vice President | BSA/AML 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.

Speakers

Jilenne Gunther
  • Sara Beth Felix, CAMS

  • President
  • Palmera Banking Solutions


Kenneth Simmons
  • Kenneth Simmons, CAMS-Audit, CAMS-FCI, CRCM

  • Chief Executive Officer
  • Compliance & AML Solutions

Bio

Ken Simmons has served the Financial Industry for more than 35 years as Chief Compliance Officer for several large and mid-size institutions; General Auditor, and most notably engaged by the OCC & FDIC as an industry Expert for Compliance, BSA & Fair Lending. In these roles, he served as functional EIC for several Mid-Size Banks. He served as a faculty member for the OCC’s Advanced Examination Schools for BSA, Compliance & Fair Lending. Ken holds four professional certifications (CRCM, CAMS-Audit, CAMS-FCI and ACT. Ken has served ACAMS as a faculty & Review Board Member for the past 6 years and contributed to the ACAMS Examination Study Guide.

Ken has had several whitepapers published. He is the author of a whitepaper entitled Learning from the Mistakes of Other: Matter Requiring Attention. This is the only published paper, based on confidential supervisory examination reports of over 100 financial institutions, in the history of the OCC. A second whitepaper Relative – THIEF – Confidant Powers-of-Attorney published in 2015 provides guidance on Powers of attorneys.

Consistently, over the past decade, institutions have engaged Mr. Simmons to build and enhance programs to be proactive. Ken has demonstrated success leading institutions out of Supervisory challenges within 4 to 6 months of engagement. His solutions are simple and effective. His leadership and direction converts the institution from having a “reactive” program to a “Proactive” one. To the question: Why do financial institutions struggle with Compliance? Mr. Simmons stated: “Many institutions struggle because their controls are too complicated and exceed the institutions risk characteristics. It is far more difficult to devise simple & effective solutions (than to implement complicated processes). I believe the most valuable compliance resource for an institution are its own employees. Compliance professionals need only be empowered and provided the opportunity to learn from industry experts.” Ken continues his career providing excellent service to financial institutions through independent engagement.


Elizabeth Slim
  • Elizabeth Slim, CAMS

  • FVP Regulatory Trainer
  • Commonwealth Business Bank