Start Date: 7/30/2019 7:45 AM MDT
End Date: 7/30/2019 5:30 PM MDT
Venue Name: Federal Reserve Bank of Kansas City, Denver Branch Location:
1020 16th Street
Denver, CO United States 80202
Independent Bankers of Colorado
Download a copy of the BSA/AML brochure here.
2:30 – 2:45 pm Break
2:45 – 3:45 pm The Challenges of Providing and Managing Financial Access for High Risk Customers
7:45 – 8:25 am Registration and Continental Breakfast
8:25 – 8:30 am Welcome Remarks
Maelynn Lewis, Administration Director, Independent Bankers of Colorado
8:30 – 9:45 am Regulator Panel
F. John Podvin, Jr., Partner, Shapiro Bieging Barber Otteson LLP
Representatives from each of the federal regulatory agencies and the Colorado Division of Banking will provide a review of their agencies’ current philosophies and practices. They will provide an overview of their agency’s current approach to BSA/AML examinations, exam findings and you will have an opportunity to ask questions and participate in give and take discussions. This is your chance to discover what the focal point of your next on-site examination might be.
9:45 – 10:00 am Break
10:00 – 10:45 am Legislative Update: Cannabis and Industrial Hemp
Moderator and Panelist: Phil Magathan, BSA Coordinator and Senior Examiner, Federal Reserve Bank of Kansas City
Panelists: David Thacker, Denver Examiner and BSA Subject Matter Expert, FDIC; Troy Winkel, Subject Matter Expert, Division of Banking; Jimmy Singh, District Counsel, OCC; and Jackie Nugent, Assistant Vice President, Federal Reserve Bank of Kansas City
This session will focus on Federal legislation that impacts the cannabis industry and the hemp industry, including but not limited to the following Federal bills: the Agriculture Improvement Act of 2018 (aka “The Farm Bill” and its provisions related to hemp); the SAFE Banking Act sponsored by Rep. Perlmutter; the STATES Act sponsored by Sens. Warren and Gardner. In Colorado, we will focus on the Hemp Regulation Alignment with 2018 Federal Farm Bill and the Industrial Hemp Products Regulation bill, both of which were recently signed by Governor Polis. We will also discuss the interagency initiative called the Colorado Hemp Advancement and Management Plan or CHAMP initiative.
10:45 – 11:00 am Break
11:00 am - Noon Sanctions Compliance in 2019
F. John Podvin, Jr., Partner, Shapiro Bieging Barber Otteson and Melissa Kuipers Blake, Shareholder, Brownstein Hyatt Farber Schreck
Today’s sanctions compliance landscape is posing greater challenges for businesses and financial institutions of all sizes. The Treasury’s new framework guidance is suggesting that enforcements will include much greater personal accountability. Adding to this new framework, FinCEN has released detailed guidance and typologies to identify sanctions circumvention related to both; the “snapback” of the Iranian sanctions, as well as, the escalating Venezuelan sanctions programs. This session is specifically designed to inform you of the monitoring expectations being communicated both in the US and internationally.
Tim White, Vice President, Business Development and Sanctions, AML RightSource
Noon – 1:30 pm Lunch and Special Guest Speaker
1:30 – 2:30 pm The Evolving Challenge of Terrorism and Terrorist Financing Today and Tomorrow
The threat posed by terrorism has evolved significantly since 9/11. Not only does international terrorism continue to pose a dangerous threat but the alarming increase in hate crimes has caused a reprioritization of domestic terrorism as a more troubling threat. According to the FBI, the most persistent threats to the nation and to U.S. interests abroad are homegrown violent extremists (HVEs), domestic terrorists and foreign terrorist organizations (FTOs). Many factors contribute to the ever-changing terrorist landscape. Understanding the threat environment, as it exists today and as it evolves tomorrow, is an important step toward diminishing the challenges presented by terrorism. Even more important; understanding, identifying and disrupting the funding required by terrorists dramatically impedes their ability to function. This dramatic session will discuss:
Dennis Lormel, Principal, DML Associates
- An overview of significant current and emerging terrorist threats; both international and domestic
- Proactive and reactive financial disruption responses
- Understanding who you are dealing with: organizations and/or individuals
The compliance function of any financial institution has always struggled with pressure from the business lines to allow the institution to pursue clients of various risk levels. Coupled with regulatory oversight that questions certain relationships, some institutions simply decide to “de-risk” rather than address the complexity of managing higher risk customers. This session will focus on one type of customer---humanitarian groups – and how the banking and charity sectors have just developed a possible template for engagement. The session will cover congressional and agency direction and offer practical advice on staying away from blanket de-risking.
John Byrne, Esq., CAMS, Vice Chairman, AML RightSource
3:45 – 4:45 pm Topic to be Determined
Clay Roberts, Western Union (Invited)
4:45 – 5:30 pm Networking Reception
Who Should Attend
*Schedule subject to change
This Summit is designed for those responsible for management and/or functional-level responsibilities for BSA/AML compliance and/or operations. Individuals with retail banking, risk management, compliance, audit, operational, corporate banking, bank presidents and directors, and training responsibilities will benefit from this program.
Dress for the conference is business casual.
The Federal Reserve Bank of Kansas City, Denver Branch is a secure building. Prior registration is required
. A valid ID must be presented upon entry. You are required to pass through security and all bags will be scanned and subject to search.
Several pay parking lots are located near the Federal Reserve Bank of Kansas City, Denver Branch (FRB). The FRB does not
have parking. Please allow sufficient time to find parking.
If you, or someone in your party, require special assistance, diet/food or other, contact Maelynn Lewis at 303.832.2000 to make arrangements. Please provide notice at least one week prior to conference start.
Professional Continuing Education Credit
ABA Professional Certification – Application in process
. Last year the Summit was approved for 7.5 CRCM and 7.5 CAFP credits.
ACAMS Accreditation – Application in process
. Last year the Summit was approved for six CAMS continuing education credits.
CLE – Colorado Continuing Legal Education – Application in process
. Last year the Summit was approved for eight CLE continuing education credits.
Melissa Kuipers Blake, Brownstein Hyatt Farber Schreck
Dubbed "The Negotiator" by ColoradoBiz Magazine
and a "power lobbyist" by Colorado Politics
, Melissa Kuipers Blake is a leading lobbyist and seasoned political strategist with more than 20 years of national political experience at the local, state and federal levels of government. Melissa leads negotiations for her clients between elected officials throughout the country and in Washington, D.C. and is known for her issue knowledge, political strategy development and campaign fundraising prowess. When it comes to behind the scenes negotiations and subject matter expertise, Melissa is second to none. In addition to her national lobbying practice, Melissa also serves as chair of the firm’s Emerging Regulated Industries (ERI) practice group, which assists state and local governments and employers throughout the country as they navigate the complexities of medical and recreational marijuana legalization. Having worked on marijuana issues since day one of legalization in Colorado, Melissa has a foundational perspective on the growth of the industry and its players. She regularly shares that expertise from a statutory, regulatory, compliance and workplace perspective.
John J. Byrne, Esq., AML RightSource
John Byrne is the Executive Vice President of the Association of Certified Anti-Money Laundering Specialists. John is an internationally-recognized regulatory and legislative attorney with over 25 years of experience in financial services issues, with expertise in regulatory oversight, policy and management, anti-money laundering, privacy and consumer compliance. He was most recently President of Condor Consulting, LLC and prior to that the Global Regulatory Relations Executive for Bank of America and the Director of the American Bankers Association's Center for Regulatory Compliance. John has received a number of awards, including the Director's Medal for Exceptional Service from the Treasury Department's Financial Crimes Enforcement Network (FinCEN) and the ABA's Distinguished Service Award for his career work in the compliance field.
Dennis Lormel, Founder and President, DML Associates, LLC
Over the last 15 years, Mr. Lormel has provided risk advisory consulting services. He is the founder and President of DML Associates, LLC, a full service investigative consultancy. Mr. Lormel provides consulting services and training related to terrorist financing, money laundering, fraud, financial crimes, suspicious activity and due diligence. He also offers financial intelligence services through case studies and trend analysis. Mr. Lormel has shared his insight on terrorist financing and money laundering through speaking engagements at hundreds of domestic and international conferences, as well as through regular media interviews. In addition, he served as an Advisor to the Congressional Anti-Terrorist Financing Task Force and was a contributing expert to The Counterterrorism Blog. Mr. Lormel is a Certified Anti-Money Laundering Specialist and was presented with the 2010 Association of Certified Anti-Money Laundering Specialists Volunteer of the Year Award.
John Podvin, Jr., Shapiro Bieging Barber Otteson, LLC
John Podvin brings more than 20 years of regulatory agency, law firm and corporate experience to Shapiro Bieging Shapiro & Barber Otteson LLP. A partner in the firm, John advises corporate boards, board committees and management teams on federal and state banking laws. He has served his clients as a primary liaison to federal bank regulators. John is part of BSB’s nationally recognized team of banking and financial institutions lawyers who provide comprehensive legal services to financial institutions, including local, community, regional and large banks. A frequent speaker and author, John has advised his clients on the Dodd Frank Wall Street Reform and Consumer Protection Act and was invited to testify before the Texas House of Representatives Pensions, Investments and Financial Services Committee and the Texas Senate Business and Commerce Committee regarding the Act’s implementation.
Wm. Clay Roberts (invited)
is Global Head of AML Strategy and SAR Control Officer at Western Union, where he is responsible for assisting the Global Head of Financial Crimes Compliance with developing and leading Western Union’s BSA/AML strategy including providing guidance for strategic initiatives in support of meeting domestic and international regulatory and law enforcement requirements. Additionally, Clay leads Western Union’s Global Examination, Audit, and Licensing Management team, suspicious activity and transaction reporting program, the compliance mergers and acquisitions group, and due diligence projects related to high risk products. Prior to joining Western Union, Clay was a Senior Enforcement Officer at the Financial Crimes Enforcement Network (FinCEN) at the US Department of the Treasury, where he focused on the supervision of Office of the Comptroller of the Currency and Federal Reserve regulated institutions, data quality matters related to SARs and CTRs, and other regulatory matters. Clay began his career in the AML field at Wachovia Securities, now Wells Fargo Advisors, and helped to establish Wells Fargo Advisors’ customer identification, international due diligence and transaction monitoring programs. While at Wells Fargo Advisors, Clay served as a Vice President and AML Compliance Officer.
Timothy R. White, Vice President, Business Development and Sanctions, AML RightSource
With veteran experience within the banking and financial services sector, Mr. White has specifically focused on OFAC, international sanctions, and BSA compliance. Mr. White is an OFAC/Sanctions specialist and has consulted and trained on the topic for several government and private initiatives. He has spoken at many notable conferences, including ACAMS and ABA events, and has published articles in the ABA Bank Compliance Magazine, ACAMS Today, and Western Banking Magazine. Mr. White earned his Bachelors of Business Administration from the University of Iowa.