Correspondent banking: 2020 updates on risks and regulations

There are many risks related to acquiring, maintaining, and supervising correspondent banking relationships which employees and management of financial institutions need to be aware of and actively manage. Our upcoming webinar discusses the positive things your institution can gain from conducting correspondent banking, and the many risks associated with having a correspondent banking line of business.

The webinar covers the following key areas:

• Responsibilities of the correspondent and respondent bank
• KYC, CDD/EDD and the suspicious activity process
• FFIEC examination procedures

LEARNING OBJECTIVES

After attending this webinar, you will have a much better understanding of the risks associated with having correspondent banking as a business line for your institution.

You will gain an appreciation for why you might want to conduct correspondent banking, the money-laundering risks you might be exposed to, advantages of correspondent banking, correspondent banking relationships, and some mitigating practices you may want to adopt to prevent your institution from being fined or sanctioned for unlawful practices.

WHO WILL BENEFIT

BSA/AML Officers

Risk Managers

BSA/AML Auditors

Bank staff with on-boarding responsibilities

Bank staff with suspicious activity program responsibilities

Compliance Officers

BSA.AML Analysts

Speaker Profile:Thomas E Nollner has more than 35 years of experience in financial institution supervision and consulting. Mr. Nollner spent 30 years as a National Bank Examiner for the Comptroller of the Currency where he was a safety and soundness examiner and a compliance examiner.

To Register (or) for more details please click on this below link:

http://bit.ly/2siMHTt

Email: [email protected]

Toll Free: +1-888-300-8494

Tel: +1-720-996-1616

Fax: +1-888-909-1882

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Others Details

Gain an understanding of correspondent banking and the regulations surrounding it. The webinar discusses advantages of correspondent banking, correspondent banking relationships, FFIEC examination procedures and more.