Operating in the Current Environment of Transparency and Inter-Government Cooperation

Kenneth Hines, Founder and Principal, Hines Consulting USA; Rebekah Jones, Counsel, Akin Gump Strauss Hauer & Feld LLP, based in Singapore; Lucy Lee, Partner, Akin Gump Strauss Hauer & Feld LLP, based in Washington, DC; and Victor Song, President, Victor Song Consulting

Venue : Stamford American Auditorium (AmCham Office, 1 Scotts Rd, #23-03 Shaw Centre)

Date : September 06, 2016

Time : 7:45 AM - 9:00 AM

Price : $0.00

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Description

New Global Standards under FATCA and AML Developments

Hosted by the Financial Services, Government & Regional Affairs and Legal Committees

The panel will discuss how foreign financial institutions and banks can operate effectively in the “Venn diagram” of FATCA and CRS. Featuring a former government official and field experts, the discussion will provide practice solutions for institutions and banks struggling to understand what FATCA, CRS, and the crossroad of the two means for them and their responsible officers. The panelists will also address the recent news that the Department of Justice is pursuing investigations of foreign financial institutions located in offshore jurisdictions. Finally, they will discuss recent AML developments, including how the rules are changing for financial institutions.

About the Panelists

Kenneth J. Hines
Founder and Principal
Hines Consulting USA

Kenneth is the former Director of Operations Policy and Support at IRS-Criminal Investigation’s National Headquarters. After serving 24 years at IRS-CI, he’s now the principal of Hines Consulting USA, a tax and compliance advisory company based in Seattle and Los Angeles where he is a sought after expert in international tax laws and regulations and anti-money laundering compliance. Kenneth is an Enrolled Agent and a member of the National Association of Enrolled Agents. He is a Certified Financial Crimes Specialist and a Certified Fraud Examiner. Kenneth began his IRS career on the civil side as a Revenue Agent before making the switch to a Special Agent with IRS-CI where his career eventually elevated him to lead the Pacific Area Field Operations and ultimately was named one of the top law enforcement leaders in IRS-CI. As Director of Operations, Policy and Support, he oversaw all domestic and global operations with 4,000 staff members worldwide.

Rebekah M. Jones
Counsel
Akin Gump Strauss Hauer & Feld LLP, based in Singapore

Rebekah is a counsel in Akin Gump’s international trade practice. She counsels clients with global operations on U.S. law and policy affecting international trade and business, including export control laws, sanction programs, anticorruption laws, anti-money laundering laws, antiboycott regulations and foreign investment in the United States. She advises companies on regulatory compliance matters and various compliance-related issues, such as conducting internal investigations and responding to government investigations; drafting voluntary disclosures and negotiating settlements with government regulators; developing and implementing compliance policies and procedures; and developing, implementing and conducting training related to compliance programs. Rebekah is based in Singapore.

Lucy S. Lee
Partner
Akin Gump Strauss Hauer & Feld LLP, based in Washington, DC

Lucy is a partner in Akin Gump’s Tax practice. She focuses her practice on international tax and estate planning for individuals and families. She represents high net worth and global clients on a wide range of sophisticated matters, including inbound and outbound investments (including anti-deferral regimes and tax treaties), family wealth preservation, succession planning (including use of domestic and foreign trusts), tax compliance in the cross-border context, and pre-immigration tax and expatriation tax planning. She also advises funds and foreign financial institutions on U.S. tax and compliance (including FATCA), and represents taxpayers in administrative controversies with the IRS and in competent authority proceedings. She advises clients in structuring and managing their businesses and investments in bilateral or multilateral jurisdictions, including start-up funds and liquidations of closely held businesses.

Victor Song
President
Victor Song Consulting

Victor currently assists attorneys, CPAs and their clients on tax issues, both civil and criminal. He also assists corporations and financial institutions on areas such as training, compliance, due diligence, anti-money laundering, FATCA and the Voluntary Disclosure Program. As the EVP Compliance for the North American Headquarters for Samsung Electronics, his responsibilities included all areas of the Compliance Program for Canada, North America, and parts of Mexico. These duties included Revising and Setting the compliance Program Standard; Compliance Training; Audit/Monitoring of the Compliance Program Operating Status; Compliance Areas of Responsibility included: Advertisement, Trade/Commerce, Fair-Trade, Intellectual Property, Information Protection, Product Liability, Work Ethics, Employee Relationship, and Work Environment. As the Chief of IRS Criminal Investigations, Victor was responsible for over 4,000 employees and was responsible for all global investigations including the investigations of Swiss banks and the Voluntary Disclosure Program.

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