New York’s Final Rule on Certification and Potential Effects on the Global AML Regulatory Landscape

  • When: February 15, 2017
  • Time: 12:00 PM – 2:00 PM ET
  • Level: Intermediate – Advanced

Last June, the New York State Department of Financial Services (NYDFS) issued its final rule requiring New York-regulated financial institutions to certify the effectiveness of AML and OFAC transaction monitoring and filtering programs. Join industry experts for an analysis of the rule’s requirements and practical compliance strategies, as well as a discussion on how the final rule fits into the expanding global concerns regarding weaknesses in transaction monitoring, watch list filtering programs and holding individuals liable for AML related violations.

Learning Objectives

  • Outlining key provisions and major challenges of the Final Rule including model risk management and enhancing the enterprise risk-based approach
  • Analyzing how the final rule fits into the growing global controversy surrounding financial transparency
  • Impact of the Final Rule on personal liability challenges
  • Integrating a compliance roadmap to ensure current transaction monitoring and filtering reflects risks of business lines

Who Should Attend

  • Senior Management
  • Compliance Officers
  • Risk Managers
  • On-boarding Personnel
  • Industry Consultants
  • Legal Advisors

Region/Industry

  • Global
  • North America
  • Bank
  • Securities

Pricing

ACAMS Members Non-Members
$245 $445
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Moderator

Wild-Peter
  • Peter D. Wild, CAMS-Audit

  • Founder, AML Consulting, Audit & Training
  • Wild AML Solutions LLC

Bio

Peter is a consultant specializing in AML/TF and Sanctions business processes, AML Operational and IT Auditing and Training.

He retired from JP Morgan in 2016 as a Senior Audit Manager, managing IT and Operational audits in many areas including AML/TF and Sanctions.

Upon arriving in America from England, he became the IT Audit Director for Republic National Bank of New York then Senior IT Audit Manager at Coopers & Lybrand and later the IT Audit Director and Deputy CIO at Melville Corporation.

He is a Fellow of the Institute of Chartered Accountants in England & Wales, a Past President of the New York ISACA Chapter and a Recipient of the Joseph J. Wasserman Award for his outstanding contributions to IT Audit and Security.

He is a founding member of the CAMS Audit Faculty, the Co-Chair of the ACAMS New York Chapter and he received the 2015 Al Gillum Volunteer of the Year Award.

Speakers

Meryl Lutsky
  • Meryl Lutsky, Esq.

  • Managing Director
  • T&M Protection Resources LLC

Bio

Meryl Lutsky currently serves as the Managing Director of Investigations at T&M Protection where she supervises and conducts financial crime investigations, serves as monitor, and provides individual attention, training and guidance to individuals and institutions with potential criminal, civil or regulatory liability.

Meryl began her legal career at the Queens County District Attorney’s Office. After conducting felony trials for three years, Meryl was promoted to the Investigations Bureau where she conducted and supervised numerous long-term confidential and sensitive organized crime and fraud investigations.

She next worked at the NYS Organized Crime Task Force where she directed organized crime and financial fraud investigations. She was cross-designated as a Special AUSA in both the Southern and Northern Districts of New York, presenting international criminal findings in federal courts throughout the US and creating successful partnerships with foreign law enforcement and regulatory authorities.

Meryl was promoted to Chief of the Money Laundering Investigations Unit and Chief of the Statewide Crime Proceeds Strike Force. These multi-agency units investigate and prosecute violations of money laundering as well as violations of the Banking and Tax laws. She led a task force of regulatory, civil and criminal investigators, agents, auditors, and attorneys. She maintained Top Secret Clearance while conducting investigations with the Joint Terrorism Task Force.

Ms. Lutsky is also a noted public speaker and subject matter expert in the field of money laundering and financial crime, speaking at conferences throughout the United States. She is a past recipient of the ACAMS Anti-Money Laundering Professional of the Year award and is currently Co-Chair of the ACAMS New York Chapter.


Jack Sonnenschein
  • Jack Sonnenschein, CAMS-Audit

  • Founder
  • Compliance Navigation LLC

Bio

Jack Sonnenschein is Founder and Principal of Compliance Navigation LLC. In prior roles, Jack was the Global Head – Audit Advisory for Financial Crime Compliance at Standard Chartered Bank. Jack also provided AML, compliance and audit leadership at Citigroup, American Express and JP Morgan Chase. He is certified as CAMS-Audit. A frequent instructor at ACAMS conferences and seminars, he started his career at Touche Ross (now Deloitte & Touche) in Quebec and New York where he earned his chartered accountancy and certified public accountant designations.