Exploring Effective Anti -Money Laundering Programs
Overview:
In this two-hour LIVE webcast, a panel of AML experts and thought leaders organized by The Knowledge Group will offer substantive discussion on how to set up and execute effective anti-money laundering programs to ensure compliance with BSA/AML laws and defending yourself against sophisticated financial criminals.
Significant topics to be covered:
– AML Guidelines from USA Patriot Act, Bank Secrecy Act and Suspicious Activity Reports (SARs)
– Review and Latest Trends on Regulatory Enforcement Actions
– Checklist for Money Laundering Risk Assessment
– Key Steps for Developing/Improving Your AML Program
– Practical Tips to Monitor and Audit Your AML Compliance Program
– Other Regulatory Updates and more!
Agenda:
SEGMENT 1:
Marvin G. Pickholz, Partner,
Duane Morris LLP
- Anti-Money Laundering Statute (“AML”)
- AML Use By Government
- AML Is About You and Your Business
- Generally, what should a corporation do?
- Manuals often are not a substitute for AML Procedures standing alone
SEGMENT 2:
Jamie L. Boucher, Partner,
Skadden, Arps, Slate, Meagher & Flom LLP
- Trends in Examination and Enforcement: An Overview
- Recent Trends in Enforcement Actions
- Emerging Best Practices
SEGMENT 3:
Chris Grippa, Managing Director,
Alvarez & Marsal
- Cost Benefit Analysis
- A Risk Based Approach
- Risk Assessment
- Effective AML Compliance Programs
SEGMENT 4:
David Bliss, CAMS, Associate Director – Product Management,
Bankers Accuity
- False Positive Reduction Best Practices – Risk mitigation and operational burden go hand-in-hand
- Taking a Risk-Based Approach – Finding the right balance between risk and operational burden
- Translating a Risk-Based Approach to Actionable False Positive Reduction
- Understanding the Matching process will help you devise a strategy to reduce false positives
- UUnderstanding the concept of Rules
- Step #1:
- Screen Separate Data Separately
- Step #2:
- Screen Only What you Must
- Addresses that Match risky entities
- Step #3:
- Exclude Local Place Names
- Step #4:
- Use Unscreened Data in Rules
- Step #5:
- Break Down SWIFT Data
- Examples of Avoidable Matches
- Step #6:
- Find Risk Profile-Supported Patterns
- Step #1:
SEGMENT 5:
David M. Schiffer, President & CEO ,
Safe Banking Systems, LLC
Enterprise Risk Management : A different approach
- The Challenge: Finding the “bad guys” in large volume databases
- A Different Approach: Principles vs. Rules
- Examples of contrasting methodologies
- Complimenting well-trained staff with advanced technology
SEGMENT 6:
Marta Alfonso, CPA/CFF, CIRA, JD, Principal, Management Advisory Services Department,
MBAF
- The Organization and Environment
- The Process
- Top 10 Remediation Tips To Resolve AML Compliance Issues
Who Should Attend:
– BSA/AML Compliance Officers
– Senior Management and Board Members
– Auditors
– Attorneys
– Anti–Money Laundering Lawyers and Specialists
– Security Operations
– AML/BSA Professionals
– Fraud Monitoring
– And Other Interested Professionals
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
134468
NASBA Field of Study:
Specialized Knw and Apps
NY Category of CLE Credit:
Total Credits:
2.0 CLE
Login Instructions:
No Access
You are not logged in. Please Login or register to the event to gain access to the materials and login instructions.
Unlock All The Knowledge and Credit You Need
Leading Provider of Online Continuing Education
It's As Easy as 1, 2, 3