Whether you need to get back-to-basics or you are a seasoned AML professional, join us as we explore the many facets of managing an effective AML compliance program:

• Regulatory frameworks surrounding anti-money laundering
• Objectives of an effective AML compliance program
• Risk assessing your institution
• Developing robust internal controls
• Training for appropriate personnel
• Expectations and duties of the appointed compliance officer
• Effective audit program to ensure adequacy of your AML compliance program

Learning Objectives:

Key goals of this course are:

• To provide an understanding of money laundering and how it can impact an institution
• To review the importance of “tone at the top” and how to implement a compliance-friendly environment
• To learn about the critical internal controls and how these controls can protect your institution
• The course will focus on the 4 pillars of an AML compliance program:
  • Policies, procedures and internal controls
  • Designation of a compliance officer
  • Training for appropriate personnel
  • Independent audit
• To understand the importance of the risk assessment
• To focus on the senior management/board of directors oversight of the Program
• To discuss customer due diligence and know your customer expectations
• To discuss knowing your high risk customers
• To review implementation steps for enhanced customer due diligence
• To discuss red flags indicating unusual or suspicious activity
• To understand detection and reporting requirements under the Bank Secrecy Act
• To discuss recent case studies