Organize and Presented By
247compliance
Sponsored By
247compliance
Organizing/Related Departments
Banking and Finance Resource
Organization Type
Event Organizing Company
WebinarCategory
Non Technical
WebinarLevel
All (State/Province/Region, National & International)
Related Industries
Finance
Accounting/Financial/Banking/Insurance
Location
Newark, Delaware, United States
This webinar will help to understand the fundamental requirements of the BSA/AML statutes and Money Laundering strategies and techniques.
Money laundering continues to be a national concern. High levels of drug-related activity and violence have drawn additional attention. Terrorist activities need to be considered as well. Perpetrators have adapted to banks’ efforts so banks cannot combat the money laundering with yesterday’s methods. Software is widely installed to identify specific patterns and “unusual” transactions. But the fraudsters know this and are constantly striving to create new patterns where their transactions are designed not to be flagged. Like in a game of chess, the advantage goes to the side that thinks the most moves ahead.
This webinar will provide valuable assistance to all personnel with AML responsibilities in banks or other financial institutions:
- Compliance with regulatory requirements
- Designing controls and compliance
- Detecting money laundering attempts
- Managing the Investigating of AML alerts
- Analyzing controls improvement options
- Understanding money launderers’ strategies and techniques
- AREAS COVERED
- The Bank Secrecy and USA PATRIOT Acts
- Know Your Customer (KYC)
- Currency Transaction Reports (CTRs)
- Suspicious Activity Reports (SARs)
- New Customer Due Diligence requirements
- Steps are specifically required by the regulations
- Analytic engines
- AML and Fraud overlaps
- Adaptation by perpetrators
- False Positive Problem
- The New Customer Due Diligence requirements
- Three covered entity types
- Customer legal entity
- Beneficial owners
- Controlling persons
- Exclusions
- New Requirements
- Risk profiles
- Updating
- Baseline/normal transactions
- Transaction monitoring
- Money Laundering Strategies and Techniques
- WHO WILL BENEFIT?
- Compliance/Legal Departments
- Operations
- Frontline Personnel
- Internal Audit Departments
- Chief Compliance Officers
- Compliance Officers
- Operations Personnel
- Frontline Personnel
- Branch Managers
- Fraud
- Compliance and AML areas.
- VP
- Manager
- Director
- Supervisor levels
Registration Fees
Available
Registration Fees Details
Live session for 1 participant
$199
Live + Recorded Session
$269
Live + Transcript
$249
Live + Training CD
Free shipment within 72 hours from the date of webinar completion.
$450
On Demand Options
Transcript
$179
Downloadable recorded session
$239
Training CD
Free shipment within 72 Hours, from the date of webinar completion
$350
Group Session unlimited participants + Recorded
$799
Registration Ways
Email
Phone
Website
Other
Address/Venue
247compliance
2035 Sunset Lake,
RoadSuite B-2,
Newark,
Delaware - 247compliance
Pin/Zip Code : 247compliance