The 2017 Vegas Conference Polling Results

Results

During the 16th Annual AML and Financial Crime Conference in Vegas, ACAMS asked its members a variety of anti-money laundering/counter-terrorist financing-related polling questions. What follows are the results of each question.

Monday: Insights on Oversight—A Regulatory Roundtable on AML Trends and Issues

During the “Insights on Oversight” panel discussion on recent and upcoming regulatory changes that affect compliance functions, members were asked the following three questions. The most notable poll results were from the first question, which showed that 68 percent of the audience workstreams have begun, but their CDD implementation project is still ongoing.

Monday's first poll at the Insights on Oversight session
Monday’s first poll at the Insights on Oversight session
Monday's second poll at the Insights on Oversight session
Monday’s second poll at the Insights on Oversight session
Monday's second poll at the Insights on Oversight session
Monday’s second poll at the Insights on Oversight session

Monday: ACAMS Mystery Theatre—A Thriller of a Subject

At the next session, our speakers discussed alternative payments, cybersecurity and real estate geographic targeting orders. The most notable response received was for the first question where 7 percent of participants said that their financial insitution is way behind in staying up-to-date with any AML vulnerabilities and it is a major concern.

Monday's first poll at the Mystery Theatre session
Monday’s first poll at the Mystery Theatre session
Monday's second poll at the Mystery Theatre session
Monday’s second poll at the Mystery Theatre session

Tuesday: Racing to the Finish—Homestretch Strategies for Implementing the CDD Final Rule

The first panel discussion on Tuesday was on developing and testing policies for determining beneficial owners and controlling persons. Two polling questions were asked during this panel. The most interesting response came from a poll question asking participants how their examiners have been while they have been preparing to comply with the CDD rule—64 percent of the audience said their examiners have not been helpful while only 4 percent said they have been very helpful in providing guidance.

Tuesday's first poll at the Racing to the Finish session
Tuesday’s first poll at the Racing to the Finish session
Tuesday's second poll at the Racing to the Finish session
Tuesday’s second poll at the Racing to the Finish session

Tuesday: TBML in the 21st Century—Time-tested Strategies to Combat Trade-Based Money Laundering

With discussion surrounding trade-based money laundering (TBML) training, 37 percent of participants said they do not provide specific TBML identification training, 35 percent said they conduct role-specific TBML training and 29 percent of participants said they only conduct general anti-money laundering training.

Tuesday's first poll at the TBML session
Tuesday’s first poll at the TBML session
Tuesday's second poll at the TBML session
Tuesday’s second poll at the TBML session

Wednesday: Culture Clash—Defending Culture of Compliance Integrity in Sales-Driven Environments

On day three of the Vegas Conference, presenters analyzed the contrasting demands of in-depth mapping of practical strategies for balancing professional, regulatory and institutional interests. When participants were asked if their institution has an incentive compensation program that recognizes compliance, 65 percent of the audience said “No,” while 32 percent said “Yes.”

Wednesday's first poll at the Culture Clash session
Wednesday’s first poll at the Culture Clash session
Wednesday's second poll at the Culture Clash session
Wednesday’s second poll at the Culture Clash session

Wednesday: What the Hack: Strategies for Managing Growing Cybercrime Risks

During the last panel discussion of the day, which disucussed cyber incidents and reporting, participants were asked how often they meet with their cybersecurity counterpart. Surprisingly, 42 percent of paricpants said that they do not know or have a cybersecurity counterpart.

Wednesday's first poll at the What the Hack session
Wednesday’s first poll at the What the Hack session
Wednesday's second poll at the What the Hack session
Wednesday’s second poll at the What the Hack session

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