Book Online Tickets for Bank Secrecy Act: The Fundamentals - CIP, Palo Alto.  This webinar will help to understand the fundamental requirements of the BSA/AML statutes and Money Laundering strategies and techniques.
Why Should You Attend:
Money laundering continues to be a national concern. High levels of drug-related ac

Bank Secrecy Act: The Fundamentals - CIP, CDD, EDD, CTR and Current Issues

 

  • One Dial-in One Attendee

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    USD 149
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  • Group-Max 10 Attendees-Location

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    USD 399
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  • 1x Person - Unlimited viewing for 6 Months

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    USD 179
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  • One CD-USB is for usage in one location only

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    USD 299
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  • Live + Recorded Version

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    USD 249
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  • Live + Training CD-USB

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    USD 349
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About The Event

 This webinar will help to understand the fundamental requirements of the BSA/AML statutes and Money Laundering strategies and techniques.

Why Should You Attend:

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 in the Webinar:

  • 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

Instructor Profile:


Jim George
Independent consultant, George Consulting LLC

Jim George is an independent consultant to banks focusing on issues of fraud. He has over 25 years’ experience as a consultant to major banks in associate partner and principal roles at PriceWaterhouse-Coopers Consulting, IBM Consulting in Bank Risk and Compliance, and Andersen Consulting (now Accenture). He has also been SVP Operations for a Fortis-US division providing outsourcing services to the banking industry.

His work includes projects in fraud investigation, fraud prevention, identity issues, compliance, and AML (anti-money laundering). Mr. George’s background also includes work in bank operations and payments strategy, reengineering, systems, and quality improvement.

 

Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.