Bank Secrecy Act/Anti-Money Laundering Conference to explore risk management for financial institutions

IIT Chicago-Kent's Institute for Compliance in Financial Markets and the Anti-Money Laundering Association (AMLA) will host the 4th annual Bank Secrecy Act/Anti-Money Laundering Conference on October 3 from 8:30 a.m. to 4 p.m. at Chicago-Kent, 565 West Adams St. (between Jefferson and Clinton streets) in Chicago.

The one-day conference is designed to help attorneys and professionals in the fields of compliance, risk management, fraud and security stay current on recent enforcement issues and trends occurring within financial institutions. Conference presentations will address topics such as current fraud analytics, terrorism in South Asia, and the recently proposed beneficial ownership customer due diligence (CDD).

Topics and speakers include:

• "Terrorism in South Asia," with Amit Kumar, Ph.D., Homeland Security and Counterterrorism Fellow, Center for National Policy;
• "21st Century Fraud Analytics," with Delena D. Spann, United States Government;
• "Proposed Beneficial Ownership CDD and the Risks of De-Risking: What is the Potential Impact on your Financial Institution?," with Melissa Hoeft, CAMS, and Brian Crow, both of Thomas Compliance Associates Inc.;
• "Terrorist Financing-Hawala," with Kirk E. Meyer, senior manager, Financial Intelligence Unit, GE Capital-Americas; and
• "Examination and Enforcement Issues Update and Trends," with John Geiringer, partner at Barack Ferrazzano Financial Institutions Group.

Registration is free for IIT Chicago-Kent faculty, students and alumni. This program is eligible for 4.5 hours of MCLE credit. Registration is $200 for AMLA members and $295 for non-AMLA members. AMLA members may bring a guest for an additional $150 per person. A discounted rate of $100 is available for government officials, and law enforcement agents may attend the conference free of charge.

The Anti-Money Laundering Association is a national membership-based organization founded in 2007 for professionals involved with Bank Secrecy Act/Anti-Money Laundering (BSA/AML) laws and other financial crimes.

IIT Chicago-Kent College of Law is the law school of Illinois Institute of Technology, also known as Illinois Tech, a private, technology-focused, research university offering undergraduate and graduate degrees in engineering, science, architecture, business, design, human sciences, applied technology, and law. IIT Chicago-Kent's Institute for Compliance in Financial Markets promotes careers in financial compliance, trains and prepares students for such careers, increases knowledge of the importance of compliance, and provides various events for the Chicago-based compliance and legal community. It is the first institute of its kind located in a law school.