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EVENT DETAIL

FL BSA/AML

FLORIDA CHAPTER EVENT

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Date: March 17, 2010

SPEAKER: Mary Meile, President the Anti-Money Laundering Association

TOPIC: The “Big” Picture Surrounding BSA/AML: Issues of Concern. BSA/AML issues expand beyond the written law and regulations. We are living in a different era evidenced by a world of financial instability, weaknesses in our nation’s security tracking systems, cyber security attacks, American born extremists within our nation seeking to perform Jihad, and according to a top terrorism expert, there are new strategies being used by the Taliban and al-Qaeda to bring America down. Join me as I discuss some of these top issues of concern noted by regulatory oversight agencies and top terrorist experts.

TIME: 9:00 a. m to 11:00 a.m. EST 8:00 - 10:00 a.m. Central

Doors open at 8:30. Arrive early and network with your peers.
LOCATION: Winter Park Civic Center 1050 W. Morse Blvd. Winter Park, FL 32789

COST: Free for first time non-AMLA member participants. $75.00 per person/non-AMLA member. Please make check payable to The Anti-Money Laundering Association. PO Box 577, Winter Park, FL32790 and write down attendee names.

WEBINAR: Reserve Webinar at: https://www2.gotomeeting.com/register/423767259

Earn 2.0 Hours of BSA/AML Training/Training certificate provided

Earn 1 Point for ACAMS

Visit about us at www.theamla.com to learn more about the association or call member services at 407-691-0100.

Refreshments will be provided.

Speaker Detail

MARY MEILE, CAMS

Mary Meile is the CEO & founder of the Anti-Money Laundering Association (AMLA) and speaks as a subject matter expert on BSA/AML emerging issues. Ms.Meile assists the financial services industry with regulatory compliance risk management, Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance, and specialized training. Ms. Meile offers over 22 years of experience as a Regulatory Compliance Specialist for financial institutions. She has served in the capacity of Compliance Officer, BSA/AML Compliance Officer, and Internal Audit Manager for institutions regulated by the State of Florida, Federal Deposit Insurance Corporation, Office of Comptroller of Currency, and the Office of Thrift Supervision.

Ms. Meile has held prior positions as a Senior Audit Manager for an $11 billion bank holding company and Internal Audit Manager for a mid size community bank. Ms. Meile has also served in the capacity of a regulatory compliance consultant where she managed compliance programs for both large and small banks.

She holds the distinguished designations of a Certified Anti-Money Laundering Specialist (CAMS) and Certified Regulatory Compliance Manager (CRCM).

Meeting Agenda

Agenda

Southeast Chapter Event March 17, 2010

9:00 AM: Welcome and Announcements –Wilfredo (Willy) Jauregui, Chapter President

9:05: Introduction and Speaker BIO – Wilfredo (Willy) Jauregui

9:06-10:35 AM: Presentation: By Mary Meile Topic: The “Big” Picture Surrounding BSA/AML: Issues of Concern.

Articles of Interest and/or Regulatory Issues-Wilfredo and Mary

1. Financial Crimes Enforcement Network (FinCEN)

· FinCEN Fiscal Year 2009 Annual Report released.

· FIN-2010-G001 Issued: March 5, 2010 Subject: Guidance on Obtaining and Retaining Beneficial Ownership Information

· March 5, 2010: FinCEN Clarifies Expectations Regarding Beneficial Ownership
Guidance Released in Conjunction with Financial Regulators

· FIN-2010-G005: Issued 12-10 and Amended 12-14-09: Guidance to assist users of the Bank Secrecy Act (BSA) E-Filing System in correcting errors in batch-filed Suspicious Activity Reports (SARs). Primary and secondary error codes.

· 2/26/2010 FinCEN Issues Notice of Proposed Rulemaking proposes to amend BSA regarding Report of Foreign Bank and Financial Accounts (FBAR).

· FIN-2010-A001 Issued: 2/18/2010 Subject: Advisory to Financial Institutions on Filing Suspicious Activity Reports regarding Trade-Based Money Laundering

· MSB List: As of February 10, 2010

· 2/5/2010: Final Rule 314a: FinCEN Regulation Improves Domestic and International Information Sharing to Thwart Money Laundering and Terrorist Finance

· FIN-2009-R003 Ruling Issued November 3, 2009. Customer Identification Program Rule - Address Confidentiality Programs

· FinCEN Issues Spanish-Language Educational Pamphlet on Currency Transaction Reporting (11/24/2009)

2. Enforcement or Other Regulatory Actions

· OFAC 2/5/2010: Balli Group PLC and Balli Aviation, Ltd. Settle Iranian Transaction Regulations and Export Administration Regulations Allegations: Balli Group PLC and Balli Aviation, Ltd. (collectively, “Balli”), London, UK have agreed to the assessment of a $15 million civil penalty to settle allegations of violations of the Iranian Transactions Regulations (the “ITR”) and the Export Administration Regulations (the “EAR”). Balli is settling the allegations pursuant to the terms of a Settlement Agreement among Balli, the U.S. Department of Commerce Bureau of Industry and Security (“BIS”), and OFAC.

· Aviation Services International, B.V. Settles Iran Export Allegations- $750,000.00

· Industrial Maritime Carriers Worldwide, L.L.C. Settles Sudanese Sanctions Allegations: Industrial Maritime Carriers Worldwide, L.L.C. ("IMCW"), through its agent, Intermarine, L.L.C., has remitted $72,072 to settle allegations of violations of the Sudanese Sanctions Regulations

· Cuban service provider list updated as of March 8, 2010

· OFAC Release: 2009 OFAC Annual Report-Assets in the United States of Terrorist Countries and International Terrorism Program Designees on March 1, 2010.

3. Reports/Fact Sheets

· 314(a) Facts and Figures (03/9/2010)

· Law Enforcement Information Sharing with the Financial Industry (03/9/2010)

· The SAR Activity Review-By the Numbers: January 2010

11:00 a.m. Adjournment