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Global Enforcement: Fortifying Tax Compliance and Enhancing Risk Management
January 23 @ 8:30 am - 4:30 pm
$225.00 – $275.00VENUE: Grand Hyatt Baha Mar | PURCHASE TICKET(S) | AGENDA
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AGENDA (2025)
Financial institutions across the world are facing unprecedented emerging risks relating to GenAI, money laundering, tax evasion, and sanctions. During this one-day conference, we will provide the audience with the state of affairs as it relates to regulatory trends, challenges, and opportunities in financial crime compliance, as well as insights into new risks that Bahamian institutions need to be aware of.| 8:45 – 9:00 AM | Welcome and Introductions | |
| 9:00 – 9:40 AM | Opening - The Bahamas position on taxation and its importance to the jurisdiction Join the Bahamas Attorney General and the Governor of the Central Bank of the Bahamas for a conversation regarding the Bahamas position on taxation. The opening remarks will also provide a foundation for the importance of this conference for the financial services industry in the Bahamas. | PANELISTS: Sen. Hon. Ryan Pinder, KC Attorney General of The Bahamas John Rolle Central Bank of The Bahamas |
| 9:40 – 10:40 AM | De-risking: Practical solutions to avoiding being de-risked by correspondent banks through the implementation of an effective risk management program This panel will dive deeper into certain frameworks issued by leading regulatory/governmental bodies to aid in the implementation or enhancement of compliance programs. The panel will also provide practical solutions to common pitfalls and provide an inside view of what regulators, government agencies, and correspondent banks look for when assessing the health of compliance programs. | PANELISTS: Kenneth Polite, Sidley Rebecca Mermelstein, O’Melveny Bradley Henry, Blank Rome Jermaine Williams, Commonwealth Bank Rich Kando, AlixPartners (Moderator) |
| 10:40 – 11:05 AM | Coffee Break | |
| 11:05 – 12:05 PM | The Role of Gen AI and Cryptocurrency in 21st Century Fraud Schemes This panel will explore the transformative potential and risks associated with the use of generative AI. Key discussion points will include the fraud threat posed by generative AI (including in combination with cryptocurrency) and the ways safeguards can be leveraged to protect consumers and institutions alike. | PANELISTS: Coy Garrison, Steptoe LLP Ben Hutten, Orrick, Herrington & Sutcliffe LLP Jamie Haldin, Davis Polk & Wardwell LLP Alex Southwell, McDermott Will & Emery LLP Kevin Madura, AlixPartners (Moderator) |
| 12:05 – 1:05 PM | Lunch | |
| 1:05 – 2:05 PM | The emphasis on individual liability for corporate crime This panel will explore recent criminal cases brought against individuals and how best to protect yourself when servicing clients’ needs. The panel will also discuss forfeiture and restitution. | PANELISTS: Dan Stein, Weil, Gotshal & Manges LLP Martin Bell, Simpson Thacher & Bartlett LLP Sarah Paul, Eversheds Sutherland (US) LLP Endric Deleveaux, Bahamas Association of Compliance Officers (BACO) Jay Nanavati, Kostelanetz (Moderator) |
| 2:05 – 3:05 PM | Regulatory enforcement update: AML and OFAC/Sanctions enforcement actions and predictions that can be used to mitigate emerging risks This panel will explore recent global enforcement actions and the impact they have on the financial institution ecosystem. The panel will also provide their predictions on the future landscape of enforcement actions and provide practical solutions to some of the most common challenges affecting global financial institutions, including respondent banks. | PANELISTS: Alessio Evangelista, Skadden, Arps, Slate, Meagher & Flom LLP David Hirsch, McGuire Woods Gina Parlovecchio, Meyer Brown Fareda Sands, Initium Novum Enterprises Ltd. Isaac Fisboin, AlixPartners (Moderator) |
| 3:05 – 3:20 PM | Coffee Break | |
| 3:20 – 4:20 PM | Cross-border tax crimes and tax evasion This panel will focus on global tax enforcement trends and dive into practical solutions to identify and mitigate the risk of potential tax crimes, including through the use of undisclosed bank accounts | PANELISTS: Jeffrey Neiman, Marcus Neiman Rashbaum & Pineiro LLP Jared (Jed) Dwyer, Greenberg Traurig , LLP Patrica Jackson, Higgs & Johnson Jay Nanavati, Kostelanetz (Moderator) |
| 4:20 – 4:30 PM | Closing Remarks | |