On April 4 Finance Latvia Association in cooperation with Navigant invites to register for the full-day, practical and hands-on workshop, comprised of two sessions. It will be led by international experts from Navigant and dedicated to the topic of Suspicious Transactions Investigations and Reporting.

Recent events in the Baltics reveal issues of high relevance to practitioners of AML/CFT compliance. It extends beyond financial institutions – to clients and partners thereof. Compliance requires dedication and an unwavering commitment towards implementing the highest standards of compliance and fighting financial crime to achieve long-term sustainable growth of the economy.

Filing of a timely and accurate Suspicious Transaction Reports is an important element of a financial institution’s Anti-Money Laundering (“AML”) Program. Comprehensive, substantive and meaningful STRs contains valuable information for law enforcement institutions investigating money laundering, fraud, and corruption. Extraneous or “defensive” STRs bog down STR databases, causing inefficiency for regulators and law enforcement in analyzing important STR information. Experienced experts will provide practical advice for the when – and when not – to file an STR, how to document the decision-making process, what information to include in an STR and how to make STRs useful to law enforcement.

Experts from Navigant will deliver legal basis and practical experience in the following areas:

  • Legal Basis for Investigating Red Flags of Potentially Suspicious Transactions and Recent Regulatory Actions
  • Identification of Unusual Activity and Identifying Red Flags
  • Investigating Potentially Suspicious/Illegal Transactions and Documenting the STR Decision Making Process
  • Monitoring and STR Filing on Continuing Activity
  • Drafting Quality STRs and Drafting Investigative Plans Using STR information

Agenda

Session I
9:00 – 9:10 Welcome, Introductions and Overview
9:10 – 9:35 Legal Basis for Investigating Red Flags of Potentially Suspicious Transactions and Recent Regulatory Actions
9:35 – 10:00 STR Safe Harbor and Confidentiality
10:00 – 10:45 Identification of Unusual Activity Interactive Working Session: Identifying Red Flags
10:45 – 11:00 Break
11:00 – 11:45 Investigating Potentially Suspicious/Illegal Transactions Documenting the STR Decision Making Process
11:45 – 12:30 STR Preparation Monitoring and STR Filing on Continuing Activity
12:30 – 13:00 How Law Enforcement Uses STRs in Investigations
13:00 – 13:15 Record Retention
13:15 – 14:00 Lunch

Session II
14:00 – 15:15 Interactive Working Sessions: Drafting Quality STRs Drafting Investigative Plans Using STR information
15:15 – 15:30 Break
15:30 – 16:45 Interactive Working Session: Understanding the Importance of Tying the STR Process Together between the Banks and Law Enforcement

Presented by:

Alma Angotti PortraitAlma Angotti
Managing Director
Co-Head Global Investigations and Compliance
London/Washington, D.C.

Alma Angotti is a Managing Director and Co-Head of the Global Investigations & Compliance practice. Ms. Angotti is a recognized expert in anti-money laundering (AML), combatting the financing of terrorism (CFT) and economic sanctions compliance. She has counseled her clients in a variety of projects and managed gap analyses, compliance program reviews, risk assessments, remediation efforts, investigations, and historical transaction reviews. Her clients include large, complex, global financial institutions, global payments institutions, mid-sized banks, broker-dealers, and Fintech and digital assets companies, hedge funds, casinos, and multinational corporations.

 

Anne Marie Minogue portrait

Anne Marie Minogue
Senior Director
Navigant Consulting’s Global Investigations & Compliance Practice
New York

Expert in indications of fraud, corruption and money laundering, she conducts investigations, assesses fraud, anti-bribery & corruption (“ABC”), & anti-money laundering risk management capabilities and reviews regulatory compliance activities. Ms. Minogue supervised anti-money laundering reviews of banks, casinos, trusts, mutual funds, and broker-dealers, including comprehensive reviews of customer identification programs and AML transaction monitoring as well as AML gap analysis and enhancement recommendations in the areas of AML policy, procedures, due diligence protocols and monitoring for red flags of money laundering. 

Registration and fee

This event is open for registered participants only.

Online registration is closed.


The participation fee is EUR 120 for members of Finance Latvia Association and governmental institutions. EUR 240 for other participants.

Participants will get CAMS credits (number TBC) and a certificate of attendance.

Working language – English
Place - Riga Business School, Alumni Auditorium, Skolas street 11, Riga

Workshop “Suspicious Transactions Reporting” PDF

Partners

The event is organized by Finance Latvia Association and will be carried out by Navigant. Please visit www.navigant.com for more information about the company.
In case of questions and for more information: Please contact Ms. Elīna Logina elina.logina@financelatvia.eu +371 67284528.

Members

Associate members