M CFAM CFAAnti Money Laundering and Countering Financing of Terrorism Anti Money Laundering and Countering Financing of Terrorism

21 – 23 August 2012 ا Pullman Hotel, Auckland, New Zealand21 – 23 August 2012 ا Pullman Hotel, Auckland, New Zealand

2012SUM

MIT

2IT

A critical review of AML/CFT reform - e�ectively dealing with key implementation challenges in the new regulatory environment

Register by 15th June and SAVE $$$

Dr Russell SmithPrincipalCriminologistAustralian Institute of Criminology

Gary HughesPartner,Wilson Harle Barristers and Solicitors; NZProgrammeDirector,ACAMS

Craig RichardsonChiefExecutiveOfficerWynyard Group

Linn MurphyManager,InternationalCriminal Law Ministry of Justice

Pat O’SullivanManager,FinancialIntelligenceUnit,FinancialCrimeGroupNew Zealand Police

Guy BoydHead of Compliance,AustraliaDivisionANZ

David WattsChiefRiskOfficerWestpac New Zealand

Post-conference workshop

Thursday, 23rd August 2012

‘Countdown 2012’A hands on, practical guide to help ensure a ‘fit-for-purpose’ AML/CFT program.Don’tleaveAMLcomplianceto the 11th hour!

The Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act) will come into full effect on 30 June 2013.

Toby FiennesHeadofPrudentialSupervisionReserve Bank of New Zealand

Richard KirklandPartner,EnterpriseRiskServicesDeloitte

PLUS

WILL YOU BE READY?

Key issues to be addressed

• Hear best practice methodology from AML subject matter experts and institutions

• Practicalpreparationtips–whatshouldyourbusinessbedoingnow?

• BenefitfromunderstandingtheAustralianexperience–AML/CFT6yearson

• Understand the consequences of inadequate compliance

• Mitigate the risks of your organisation becoming a victim of organised crime

• Gatherthelatestinsightsintoglobalanddomesticfinancialintelligence

High profile speakers include

Organiser Endorsers

Register NOW www.acevents.co.nz/amlcft2012

phone NZ +64 9 918 1860 and Australia +61 2 8908 8555

CONFERENCE DAY ONETuesday 21st August 2012

The role of Government – putting it all into perspective• Interdepartmentandintergovernmentco-operation –domesticandinternational• Australasia–TransTasmanco-operationatlast?• Effectivelymanagingsomanyreportingentities• Whatarethebiggestissuesforthesupervisors leadinguptoimplementation?• TherelationshipwithFATF,andwhattoexpectinthe near future• NZ-oneofthelastcountriestoadoptAML/CFT legislation–advantageordisadvantage?Panelists:Linn Murphy,Manager,InternationalCriminalLaw,Ministry of JusticeToby Fiennes,HeadofPrudentialSupervision,Reserve Bank of New ZealandGeoff Brown, Manager, AML/CFT, Financial Markets AuthorityKate Reid, Manager, AML/CFT, Department of Internal Affairs

Reporting entities - The bankers perspective

Hanging out the dirty launderers• TheNewZealandAMLjourneycomparedtotherest of the globe• AMLchallengesthatfaceNewZealandinstitutions• LearningfrominternationalexperiencesDavid Watts,ChiefRiskOfficer,Westpac New Zealand

AML/CFT – Do minnows matter?• Keyissuesfacingsmallbanks• Pitfallsandtraps• Whatdoessuccesslooklike?Doug Widdowson,GeneralManagerRisk,The Co-operative Bank

3.20 Afternoonteaandnetworkingbreak

Product vulnerability assessment and economic sanctions – the Australian perspective• Assessingthemoneylaunderingvulnerabilitiesof new financial products • EconomicsanctionscomplianceforAustralasian financial institutionsGuy Boyd,HeadofCompliance,AustraliaDivision,ANZ

AML/CFT compliance – A substantial cost AND a substantial opportunity?• WhataretherealimpactsonthebusinessinAML/CFT implementation?• WhataretheopportunitiestocomefromAML/CFT implementation?• Howdoesprogramimplementationimpactonsucha widevarietyofreportingentities?• Howdowepayforyetanotherregulatoryrequirement?• WhatarethekeylessonsfromAustralia?Panelists:David Watts,ChiefRiskOfficer,WestpacDoug Widdowson,GeneralManagerRisk,The Co-operative BankGuy Boyd,HeadofCompliance,AustraliaDivision,ANZ

5.15 Closing remarks from the Chair and Networking Drinks

8.30 Registrationandwelcomecoffee

9.00 OpeningremarksandwelcomeaddressfromtheChair Gary Hughes,Partner,Wilson Harle Barristers and Solicitors;NZProgrammeDirector,ACAMS

Follow the money• In2009theIMFestimatedthattheproceedsfrom organised crime available for money laundering throughtheworld’sfinancialsystemwas$US1.6trillion. WhatrolewillNewZealandinstitutionsplayinstopping flowsthatperpetuateandpromotecriminalactivities?• Complianceorconscience?• Thesocialproblem-theillicitfinancialflowsof organised crime and social consequences of money laundering• Thebusinessproblem-managingmorerisks,more regulations, more data and bigger losses with less resources• Theintelligentsolution–assessingthreats,detecting crimesandinvestigatingcriminals–techniquesto connect the dots and close the loop on money laundering

Craig Richardson,ChiefExecutiveOfficer,Wynyard Group

The government regulators – AML/CFT legislation and supervision

The legislation - Ministry of Justice• Thestructureofthelegislation,andgeneralform• Thefinerdetailsoftheregulatoryregime• Policyupdate• Whatelseistocomebeforetheregimegoeslivein2013?

Linn Murphy,Manager,InternationalCriminalLaw,Ministry of Justice

10.20 Morningteaandnetworkingbreak

The Reserve Bank’s approach to AML supervision• Risksinherentwithinthesector• Howthesupervisorsinteract• Designatedbusinessgroupsapproach• Whatthesectorcanexpectfromusintermsofsupervision • Interactionwithfirmsintherunupto30June2013

Toby Fiennes,HeadofPrudentialSupervision,Reserve Bank of New Zealand

AML Supervision – What this means for you as a reporting entity:• Overviewofsector• FMA’s approach to supervision of issuers of securities, brokers, financial advisers, trustee companies, collective investment schemes and futures dealers• Areyouready?Geoff Brown, Manager, AML/CFT, Financial Markets Authority

DIA: Securing compliance in our sector• InternalAffairs’AML/CFTsector-what’sdifferentaboutit?• InternalAffairs’regulatorycompliancestrategy• Howwewillgoaboutsupervisingreportingentities when the AML/CFT Act commences.Maarten Quivooy,GeneralManager,RegulatoryandComplianceOperations,Department of Internal Affairs

12.20 Lunchandnetworkingbreak

9.10Keynote

9.50

10.50

11.20

11.50

1.20Panel

Discussion

4.30Panel

Discussion

2.05

2.45

3.50

NETWORKING DRINKS This is an ideal opportunity for you to meet with your peers in an informal setting to discuss the day’s events and build long-term relationships.Don’tforgettobringplentyofbusinesscardsforthis must attend gathering.

www.acevents.co.nz/amlcft2012phone NZ +64 9 918 1860 and Australia +61 2 8908 8555

Register NOW

CONFERENCE DAY TWOWednesday 22nd August 2012

9:00 OpeningremarksfromtheChair

Money laundering in the 21st century and your AML/CFT programme: Is it relevant? • Moneyhasbeenlaunderedthroughoutthe worldfordecadesandpossiblycenturies.Inmuchof the world it has only received serious attention from governments in recent times with expensive and time- consuming focus being required by reporting entities • Whatisthecontextofallthisactivity? • Whatarethelessonsfromreportingentitiesinthis part of the world as they implement their AML/CFT programmes? • Intheend,willstrictcompliancebyreporting entities with compliance regimes really help to reduceinstancesofmoneylaundering?Stephen Drain,DirectorForensicServices,Pricewaterhouse Coopers

When theory meets practice – proposed solutions to key challenges faced by financial institutions • Discussingkeychallengesandimpactsof implementing AML/CFT measures in financial institutions across all sectors • Practicalsolutions • LessonlearnedfromotherjurisdictionsMichal Amzallag,SeniorManager,Financial Risk Management, KPMGTroy Nicholson,SeniorManager,ForensicServices,KPMG

10.25Morningteaandnetworkingbreak

Legal risk and enforcement

AML/CFT Act enforcement issues – what might we expect to see? • Avoidinginvestigationsorenforcementaction–or, alternatively, handling them well• Whatisinthesupervisors’arsenal?(light-handed through to heavy artillery)• How to combine regulator rapport with self-preservation• Recurringthemesinenforcementwithillustrative examples from around the worldGary Hughes,Partner,Wilson Harle Barristers and Solicitors;NZProgrammeDirector,ACAMS

AML & CFT as part of a matrix of legal risk management• HowAML/CFTconsiderationsmayformpartofa wider program of legal risk management for corporate organisations • ExistingandupcomingAML/CFTlegalregimes• Howcorporationsshouldincorporatecompliance programs for those regimes into a wider program dealing with related matters such as bribery and corruption, sanctions and fraud• Theincreasingfocusonbusinessmisconductand white collar regulation • ObligationsunderthecurrentFinancialTransactions ReportingAct1996regime• KeychangesundertheAML&CFTAct2009• HowAML/CFTissuesinterplaywithotherwhitecollar regulatory concerns: - bribery and corruption - proceeds of crime - sanctions - fraud• Whyacomprehensiveapproachtolegalrisk management in these areas is desirableAaron Lloyd,Partner,Minter Ellison Rudd Watts

The more you book the more you SAVERegister NOW

9.05

9.45

10.45

11.25

12.05Panel

Discussion

AML enforcement; global experiences; data management• Whataretheglobaltrendsandlatestinitiatives?• Leveraginganalytics–managingthedata• Riskbasedapproachestoinvestigations• Multiplejurisdictions• WhatwillAMLenforcementlooklikeinNZ?Panelists:Gary Hughes,Partner,Wilson Harle Barristers and Solicitors;NZProgrammeDirector,ACAMSAaron Lloyd, Partner,Minter Ellison Rudd WattsRichard Kirkland,EnterpriseRiskServicesPartner,DeloitteMichal Amzallag,SeniorManager,FinancialRiskManagement, KPMGDr Russell Smith,PrincipalCriminologist,Australian Institute of Criminology

12.55Lunchandnetworkingbreak

Knowing your customer

FATCA: Moving beyond the denial phase• TherelationshipwithAML/CFT• Practicalactionstomovetheprojectforward• SeizingtheefficiencyopportunitiesCeri Horwill,DirectorTreasury,FinancialandRegulatoryRiskManagementServices,KPMG

Understanding money laundering and financing of terrorism research: Balancing policy needs with privacy considerations• DescribingtheAML/CFTinformationenvironment - Locating AML/CTF research within an intelligence framework - AML/CTF research / intelligence methodologies• ExplainingexistingAML/CFTresearch - Administrativedata,officialstatistics,legalresearch, survey research, qualitative sources, international comparative research• IdentifyingthelimitationsofAML/CFTresearch - Government,statistical,academic,business research, intelligence• UnderstandingthemissingpiecesofAML/CFTresearch - Crime reduction, enforcement activity, governance• Overcomingthebarrierstoresearch - Legislative, contractual, ethical, statistical, financial, dissemination / culturalDr Russell Smith,PrincipalCriminologist,Australian Institute of Criminology3.15 AfternoonteaandnetworkingbreakThe AML roadmap for New Zealand • Accessingcustomerverificationinformation• Lobbyingforregulatorychangetoallowforadditional KYCdata• Verificationviaanintegratedapproach John Roberts,ManagingDirector,Veda New ZealandAML/CFT – The double edged sword of risk-based regulation• Criticalsuccessfactorsindevelopingapractical, sustainableAML/CFTProgram• Whatcangowrong?–LessonsfromtheAustralian experience and what to avoid• Countdowntothe2013‘deadline’–Howtomakethe best use of the remaining time Richard Kirkland,EnterpriseRiskServicesPartner,DeloittePositioning the New Zealand Financial Intelligence Unit in the new AML/CFT environment• Informationcollection(methodsandtypes)• Technologyissues• InformationsharingacrossGovernment• TheFIU’sroleintheregulatoryenvironmentPat O’Sullivan, Manager,FinancialIntelligenceUnit,FinancialCrimeGroup,New Zealand Police

5.30 Closing remarks from the Chair and end of conference

2.35Keynote

1.55

3.30

4.10

4.50

The more you book the more you SAVE

POST-CONFERENCE, full day workshopThursday 23rd August 2012

COUNTDOWN 2013A hands on practical guide to help you ensure a ‘fit-for-purpose’ AML/CFT program

About the WorkshopAs the enforcement deadline draws ever closer, key stakeholders in AML/CFT programs will increasingly be asking themselves whether their programs are practically sustainable and capable of withstanding regulatory scrutiny. These fundamental prerequisites cannot be left to chance or the 11th hour.

This workshop will provide you with a portfolio of useful tools and techniques to gauge the readiness of your program, covering:

• AML/CFTRiskAssessmentMethodologies - WhyyourML/FTriskassessmentiscriticalto your AML/CFT program - What’sappropriateforyourorganisation? • BenchmarkingyourAML/CFTProgram - Whatapproachesshouldyoubeusingtoidentify anyremainingdeficienciesinyourprogram? - How do you assess whether or not your programisinlinewithindustrybestpractice? • ComplianceMonitoring - Whatshouldyouputinplacetoensureyour AML/CFTprogramisworking?

This highly informative workshop has been specifically designed to provide you with the practical tools to ensure your organisation is ‘change ready,’ networked, and has the appropriate capability to successfully handle an AML/CFT program.

Benefits of attending: Youwill:

• Bebetterplacedtojudgethereal(insubstance) readiness of your AML/CFT program as the enforcement deadline looms • Beabletoassureyourselfandotherkey stakeholders that what you are putting in place will be demonstrably successful and sustainable • Hearfirst-handfromseniorpractitionerswho have applied experience in delivering / assuring AML/CFT programs • Enhanceyourknowledgeofoptionsthatmaybe worthy of consideration for your organisation

Who should attend?This workshop is recommended for: AML/CFT managers (mandated/designated),project/programmanagers,riskmanagers(incentralcorporaterolesorinlinebusinessroles), internal audit staff who will be responsible for reviewing their organisation’s ML/TF risk assessments and AML/CFT programs, and business owners impacted by the AML/CFT regulations.

TimingsRegistrationcommencesat8.30am,witha9.00amstartandincludesbreaksformorningcoffeeandlunch,finishingby3.30pm.

About Your Workshop Leader

Richard Kirkland, EnterpriseRiskServicesPartner,DeloitteRichardisapartnerinDeloitteNewZealand’sEnterpriseRiskServicespractice, where he leads the firm’s

risk consulting services. He is also a member of the global firm’sGlobalFinancialServicesIndustries(GFSI)RiskandCapital Management service line.

Richardhasover25yearsoffinancialandriskmanagementexperience and consults across Australia, New Zealand and Asia-PacificinthefieldsofStrategicRisk,Regulatorychange,EnterpriseRiskManagement,CreditandOperationalRiskManagement,PolicyDevelopmentandCorporateGovernance.

PriortojoiningDeloitteRichardheldseniorpositionswithWestpacBankingCorporation,theDevelopmentBankofSouthernAfricaandSwissReinsurancewithresponsibilitiescovering:RiskStrategy,Commercial/BusinessCreditRisk,capitalandsolvencymanagement,OperationalRiskandProgrammanagement.Richard has been actively involved in helping clients in New Zealand, Australia and throughout Asia prepare for the new globalregulatorycapitalregime(BaselII)forthepast11years.

He also works closely with banks and non-bank financial institutions in proactively responding to regulatory change and associated impacts on their respective business operating models. The changes include prudentialregulation(BaselIII),MarketConductregulation(FinancialAdvisersAct)aswellasotherinternationalregulationsandrequirements(AML/CFTandFATCA).

Specialist guest presenters include:

Bernadette McKendrey, ClientServiceDirector, Deloitte

Ian Tuke, AssociateDirector, Deloitte

Aub Chapman, SeniorAdvisor, Deloitte

12 CAMS C.E. Creditsare available for full

conference attendance by ACAMS Members

Association & Communications Events have been running highly successful events in New Zealand and Australia for over 10 years with a comprehensive portfolio of finance industry events. Having taken on board all the feedback from these events, we bring to you the only AML/CFT event in New Zealand that brings together all of the affected parties. This includes Government regulators and supervisors, professional advisors and subject matter experts, and the reporting entities themselves.

After talking to many people extensively involved in the industry and taking on the advice from government, the banks, and endorsers ACAMS, NZBA and NZLS, an agenda has been compiled based on what you want to hear:

• Governmentsupervision • Organisationalcompliance • AMLresearch • Interjurisdictioncompliance • Internationalcasestudies • PracticaltoolstobecomecompliantbytheJune2013deadline • HowtominimisethepotentialtobeavictimofAML/CFT

All speakers come highly recommended by experts in the field, including speakers from every government department involved, the top professional advice firms, senior hands on risk and compliance managers from reporting entities, and international experts.

Participateinamixofformalpresentations,casestudies,jointpresentations,panel sessions, and workshops, with genuine networking opportunities at AML/CFT Summit 2012

If you are an AML/

CFT reporting entity,

you must fully comply with the

new Act by June 2013.

If you are advising a

reporting entity, you

must know how.

Will you be ready?

CATERING

PRINCESS BALLROOM A

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SPONSORSHIP & EXHIBITION OPPORTUNITIESPlease contact Warren Williams on T: +61 2 8908 8517 or E: warren@acevents.com.au

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If you are unable to attend this event, a replacement delegate may be sent in your place at no extra charge. Association and Communications Events does not provide refunds for cancellations made more than 7 days after your registration is received, therefore the invoiced fee remains payable in full. Should you wish to cancel your registration within the 7 day cooling off period, we will refund your registration fee less an administration fee of $150 (GST inclusive). Any cancellation must be made in writing and sent by email. Association and Communications Events will make available course documentation to any delegate who is unable to attend and who has paid in full. Unfortunately some speakers request their papers are not distributed. See full terms and conditions on our website: www.acevents.com.au/policy.html

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AML/CFT Summit 201221-23 August 2012 - Pullman Hotel, Auckland, New Zealand

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