FRAML Framework: Merging Fraud Prevention and Anti-Money Laundering Units

  • When: March 18, 2020
  • Time: 12PM – 2PM ET
  • Level: Intermediate to Advanced

FRAML, the combination of fraud prevention and anti-money laundering (AML), has become a growing trend for financial institutions in recent years, and merging these functions can potentially strengthen risk management and increase operating efficiencies. However, these distinct AML specialties perform discrete functions — so combining them requires careful planning, thoughtful execution and comprehensive follow-up. This expert-led panel is rich with practical guidance on building a better FRAML framework.

Learning Objectives

  • Assessing rationale for FRAML merger such as common core values and shared missions to achieve buy-in from key stakeholders
  • Analyzing and resolving potential impediments to integration including workplace culture differences and disparate investigative methods
  • Conducting post-consolidation review to make systemic adjustments as warranted and confirm FRAML benefits such as enhanced 360-degree customer views

Who Should Attend

  • AML Officers
  • FIU/Fraud Investigators
  • Internal Audit
  • Industry Consultants

Region/Industry

  • Global
  • North America
  • Banking
  • Securities

Pricing

ACAMS Members Non-Members
$245 $445
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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

  • Jason Frantz, CAMS

  • Senior RCA Manager
  • U.S. Bank

  • Ali Moghaddam, CAMS

  • SVP & BSA/OFAC Officer
  • City National Bank

Bio

Mr. Ali Moghaddam is an AML & Compliance executive with 10+ years of experience developing and implementing BSA/AML and OFAC programs and investigating financial crime, money laundering and terrorism financing. He is currently the BSA & OFAC Officer for City National Bank where he is responsible for developing, implementing and administering all aspects of the bank’s Anti-Money Laundering (“AML”), Sanctions and Anti-Bribery and Corruption (ABAC) program. Prior to joining City National Bank, Ali spent time working as a subject matter expert at Promontory Financial Group, where he worked with different financial institutions to strengthen their AML and Sanctions programs. Ali began his private sector career as the Head of Investigations for UBS Financial Services, the Americas. At UBS, his team was responsible for investigating and reporting all potential money laundering, terrorism financing, cross border and fiscal compliance issues for UBS, Americas. Ali began his career as a prosecutor, working as an Assistant District Attorney for the Montgomery County District Attorney’s Office where he was assigned to the major crimes unit and successfully prosecuted several major cases including a capital murder case. Following his recruitment, he joined the FBI as a Special Agent in 2009. As a Special Agent, Ali was initially assigned to the Joint Terrorism Task Force (JTTF) in Los Angeles where he also worked closely with the Violent Criminal Multi-National Organization (VCMO) squads, and the Counter-Intelligence & Counter-Proliferation (CI) squads. During his time as a special agent, Ali investigated matters involving anti-money laundering, terrorism financing, counter proliferation/ OFAC violations, gangs and drug cartels. Ali spent his last 3 years in the public sector as a member of the FBI’s  High Value Target Team where he liaised with federal intelligence and law enforcement partners in pursuit of the high value targets. Ali received his BS in Political Science from UCLA, completed his MS coursework in Near Eastern and Latin American History from Cal State Los Angeles and he received his JD from Temple University, Beasley School of Law.


Michael Schidlow
  • Michael S. Schidlow, CAMS-Audit

  • Financial Crimes Compliance Expert

Michael Schidlow currently serves as the Head of Financial Crime Risk Training for HSBC Bank’s Global Internal Audit Function. In this role, Schidlow designs and delivers bespoke training courses on anti-money laundering (AML), terrorist financing, anti-bribery/corruption (ABC), and anti-financial crime best practices across the company’s global footprint. Schidlow also leads the function’s Emerging Risk Advisory for North America, Latin America, and for the Global Financial Crime Risk teams. He consults on audit planning and audit scoping based on regulatory issues, enforcement actions, and external environment monitoring.

Schidlow previously served as an investigator for Bank of America’s Global Financial Crimes Compliance division, specializing in high-profile client compromises, complex fraud, and insider abuse allegations. Schidlow started his career working as an attorney concentrating on regulatory compliance and white collar litigation matters. Schidlow holds the Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS), ACAMS Advanced Certification in AML Audit (CAMS-Audit), and is a licensed attorney.