Tuesday, April 23, 2002

Keynote Address ~ 8:00 - 9:15 am

“Money Laundering Risk Management”
Betty Santangelo
Partner
SCHULTE, ROTH & ZABEL, LLP
New York, New York
Every time a funds transfer or check hits the system, every time money flows out of the system, an institution faces exposure to charges of potential money laundering or violations of the OFAC rules. The challenge is to establish operational procedures and systems that mitigate that risk by identifying potential transactions that could involve violations of these rules by money launderers or terrorists.

What procedures and systems should institutions use to avoid these risks? How can you protect your institution from exposure to inadvertent, as well as deliberate, attempts to use the institution to foster money laundering and terrorist activities? How do you stay up-to-date on money laundering techniques to ensure that your procedures are current? These are some of the questions we will discuss as we look at money laundering operational-risk management in today’s financial services industry.

General Session ~ 9:30 - 10:45 am

“Control Self Assessment” Panel Presentation
Delores Atallo-Hazelgreen
Partner
DELOITTE & TOUCHE, LLP
New York, New York

Marie-France Weiler
Discover Financial Services
MORGAN STANLEY
Riverwoods, Illinois
“When you attend this session you will learn about Discover Card’s Control Self-Assessment roll out and Morgan Stanley’s global CSA perspective which combines self-assessment and enterprise risk management tools. Control Self-Assessment has been used to identify significant risks to the organization, develop quick and sound action plans for addressing and managing risks and elevate internal audit’s profile and relationships.”

Paula Burton
Audit and Risk Review
CITIBANK
New York, New York
Paula Burton is the Managing Director of the Strategy and Support Division of the Audit and Risk Review (internal audit) function of Citigroup. Ms. Burton has been with Citigroup for 11 years with a variety of positions that span from insurance operations management to her current role. Ms. Burton will participate on a panel presentation and discussion on Control Self-Assessment. She will share the spectrum of self-assessment practices in use by Citigroup and focus on how these self-assessment activities relate and impact the activities of Citigroup’s Audit and Risk Review.

General Session ~ 11:00 am - 12:30 pm

“Regulatory Panel”
This is a “not-to-miss” session with senior members of the nation’s top regulators…

Lisa J. Lintecum
Director, Fiduciary Activities
Asset Management Division
OFFICE OF THE COMPTROLLER OF THE CURRENCY
Washington, DC
Lisa Lintecum will discuss current regulatory issues affecting national bank asset management businesses. Topics Lisa will address include the current status of the recordkeeping rules under the Gramm-Leach-Bliley Act, privacy issues, the FFIEC fiduciary call report schedule, multi state trust activities, national trust banks and recent OCC guidance and publications affecting the asset management business.

Judi McCormick
OFFICE OF THRIFT SUPERVISION
Washington, DC
The OTS has released its new trust and asset management handbook, which reflects a risk focused exam process as well as new regulations that will impact the trust area. There have also been changes in how the SEC treats thrifts in connection with the ‘34 Act and the Investment Advisers Act. All these areas, as well as the benefits of utilizing the thrift charter when conducting trust activities nationwide, will be covered in this session.

Gene Gohlke
Inspections Office
SECURITIES AND EXCHANGE COMMISSION
Washington, DC
All banks that advise SEC registered funds had to register with the SEC the entity that provides such advice by March 2001. As a result, these entities are subject to SEC examinations. Learn how the SEC will conduct such examinations and the types of information SEC staff will typically request to see during such examinations.

William Alverson
Operational Risk Project Manager
FEDERAL RESERVE BANK OF SAN FRANCISCO
San Francisco, California
The early millennium topic du jour is Operational Risk Management, as brought to you by the Basle Committee on Banking Supervision. Operational Risk - What is it? Who has it? Can it be measured? What can you do to control it? The Federal Reserve System has embarked on a number of projects to try to answer these questions and more. This session will give you an update on the Federal Reserve’s efforts to understand and supervise operational risk issues, including those arising from fiduciary and investment activities.

Elaine Michitsch
NEW YORK STOCK EXCHANGE
New York, New York

Billy Beaver
Regional Director
Pension & Welfare Benefits Administration
DEPARTMENT OF LABOR
Pasadena, California
The discussion will include a brief overview of the Department of Labor’s Pension and Welfare Benefits Administration’s role in the regulation of the employee benefit plans under the Employee Retirement Income Security Act of 1974. Details will be provided on DOL’s investigative priorities for 2002 and ERISA issues, which may arise in the context, transactions, and services provided in financial institution’s employee benefit plans.