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

Sarah Beth Felix
  • Sarah Beth Felix, CAMS

  • Founder
  • Palmera Banking Solutions

Bio

Sarah Beth Felix is recognized in the compliance industry for her ability to navigate and operationalize global AML/CTF regulations to custom fit and impact various environments and risk profiles. She has over 16 years of experience in operational, audit and consulting roles with 13 years CAMS certified. Projects have included validations and remediations for US-based community banks, international group of banks from South America, risk assessment design for European firms as well as a global FinTech company, and audit and risk assessment projects for several Mexican-owned banks based in Texas. In remediation and software validation roles, she envisions and implements technology changes to maximize efficiency throughout an institution’s AML compliance regime. Sarah Beth is considered an expert in distilling FinCEN, FATF, and Wolfsberg guidance into actionable and effective risk-based programs. “Inefficiencies in AML Lead to Noncompliance” is one of her most often-heard quotes. She excels in finding and correcting operational issues which is considered one of her greatest value-adds to any compliance program.


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

  • The Volkov Law Group LLC

Bio

Elizabeth Slim is the Senior Consultant for The Volkov Law Group, LLC with a banking background that consists of over 35 years of banking experience, specializing in bank operations, compliance, risk management and regulatory training at various community to mid-size financial institutions. Liz was Bank Secrecy Officer for 15 years and CAMS certified since 2004. Liz founded and is the co-chair of the ACAMS Southern California Chapter, and a member of the ACAMS Education Task Force and CAMS Advanced Audit Certification program. She was the ACAMS recipient of the 2013 Al Gillum Volunteer of the Year Award and has been a guest presenter at several national conferences on various topics related to anti-money laundering and fraud.