LA HIFCA Bank Secrecy Act Conference Announced.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- The Center for Financial Executive Education and the West Coast Anti-Money Laundering Anti-money laundering ("AML") is a term mainly used in the financial and legal industries to describe the legal controls that require financial institutions and other regulated entities to prevent or report money laundering activities. Forum announced today the 7th Annual Bank Secrecy Act The Bank Secrecy Act of 1970 (or BSA, or otherwise known as the Currency and Foreign Transactions Reporting Act) requires U.S.A. financial institutions to assist U.S. government agencies to detect and prevent money laundering. Conference, to be held at the Marriott Hotel in Norwalk, California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). on October 17 and 18, 2006. The conference, titled "Law Enforcement and Financial Institutions: Continuing the Cooperative Partnership," is a collaborative effort between federal law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). , local financial institutions and financial services-related nonprofit organizations Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. . The two-day conference, targeted at financial institutions and local, state and federal law enforcement officers, will include expert speakers on topics related to anti-money laundering, anti-terrorist financing and other related topics. A separate half-day conference will be held on October 18, 2006, specifically for money services businesses. "Law enforcement's leadership role in this event has made this conference unique and extremely popular. It provides financial institutions' anti-money laundering personnel with one-on-one access to the local, state and federal law enforcement officers that work the banks' suspicious activity reports A Suspicious Activity Report (or SAR) is a report regarding suspicious or potentially suspicious activity, filed with the Financial Crimes Enforcement Network (FinCEN), an agency of the United States Department of the Treasury. on a day-to-day basis. The conference also provides current critical information from the federal agencies that regulate the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and money services industries as well as case studies and best practices," said InterBusiness Bank Executive Vice President and Conference Committee Member Jesse Torres. "Law enforcement agencies and the personnel that handle suspicious activity reports are too often viewed as operating in a black box. The intent of our conference is to increase visibility and access by the financial services and money services industries to law enforcement, for the purpose of improving communication and increasing the efficiency of industry and government anti-money laundering and anti-terrorist financing programs. The maintenance of programs is no longer just a question of regulatory compliance...it is a matter of national security." The price of the Financial Institutions/Law Enforcement Conference (October 17/18) is $165.00 per person. Law enforcement officer registration is $100 per person. Registration information is available at www.wcamlforum.org/fi2006. The price of the Money Services Business Conference (October 18) is $50 per person. Registration information is available at www.wcamlforum.org/msb2006.
Who: Los Angeles HIFCA Agencies
What: 7th Annual Bank Secrecy Act Conference
Where Norwalk Marriott, 13111 Sycamore Drive,
Norwalk, California 90650 USA
When: October 17 and 18, 2006 for Financial
Institution/Law Enforcement
October 18, 2006 for Money Services Business
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