  Thursday, April 23, 2002
 General Session ~ 8:00 - 10:00 am “Crimes of Purpose - Adaptive Money Laundering Deterrence Concepts & Techniques” Jim Richards Operations Risk Director FLEETBOSTON FINANCIAL Dedham, Massachusetts To combat worldwide money laundering, over 50 countries have developed financial intelligence units, or FIUs (FinCEN is the U.S. version). When FleetBoston began to build a BSA compliance program in 1998, it was decided to adapt this FIU-concept to the private sector, then to go beyond this and also create a proactive money laundering deterrence database. Jim will discuss the FIU and its in-house database, described as a ‘model’ for other institutions by the deputy chief counsel of the Senate Permanent Subcommittee on Investigations. Drawing on his experience as a police officer, prosecutor, and banker, Jim will demonstrate the capabilities of the database not just in reviewing money laundering as a ‘crime of profit’, but for terrorism - the emerging ‘crime of purpose.’ Examples of the program’s capabilities will be given, along with a focus on Internet sources. Learn about pivot tables, the Invisible Web, and even how to buy a submarine on the Internet! General Session ~ 10:15 - 11:15 am “Privacy Issues Update” Nicole M. Chaput Assistant General Counsel Asset Management Group BANK OF AMERICA St. Louis, Missouri Privacy is a highly visible and highly sensitive issue, of concern to every major organization. This session will focus on issues related to implementation of privacy requirements under the Fair Credit Reporting Act and GLBA: the practical issues in implementing a privacy policy, state law implications, opt-out issues and concerns, recent legislative developments and possible changes in federal law after the 2002 elections, privacy-related litigation, actions being taken by consumer groups related to opt-out opportunities and recommendations, interactions with affiliates, and challenges involved in training – how to communicate a consistent message throughout the company. General Session ~ 11:30 am - 12:30 pm “eBanking Risks” Clifford Wilke Director of Bank Technology OFFICE OF THE COMPTROLLER OF THE CURRENCY Washington, DC The Internet has become more than an almanac, yellow pages, newspaper, and travel agency. It is now the trading floor for many business activities. But, all these transactions still use the same network as the informational activi-ties. What are the risk vulnerabilities and what controls need to be in place to protect our business transactions from unauthorized access. What have we learned in the last year? Cliff will also talk about the challenges and risks associated with wireless communications and the importance of contingency planning. Adjourn ~ 12:30 pm |