This webinar will discuss how to most effectively and efficiently comply with the complex maze of FinCEN rules and regulations for MSBs (Money Service Business). Compliance does not have to be onerous and time-consuming. Discover tools and techniques that can simplify your processes while minimizing regulatory scrutiny.
FinCEN is raising regulatory expectations across the board as Anti-Money Laundering (AML) risks take on increased importance for regulators. FinCEN is awarding greater penalties for MSBs that fail to demonstrate a robust compliance and risk management program.
Do you know what a sufficient audit trail is to satisfy a regulator?
How do you manage the many nuances of MSB regulation to minimize cost and effort?
Do you have the proper checklists in place to ensure key risks exposures are properly documented?
Are you using the appropriate language in documents to satisfy regulatory reviews and audits?
Given the constantly evolving FinCEN rules and regulations, this webinar will discuss how to most cost effectively and cost efficiently comply with the complex maze of FinCEN rules and regulations for MSBs (Money Service Business). Compliance does not have to be onerous and time-consuming. Discover tools and techniques that can simplify your processes while minimizing regulatory scrutiny.
The attendee will learn the following:
Why Should You Attend:
Without an effective and efficient compliance regime, MSBs risk facing regulatory fines, penalties, suspensions, and harm to their brand and professional reputations.FinCEN is raising regulatory expectations across the board as Anti-Money Laundering (AML) risks take on increased importance for regulators. FinCEN is awarding greater penalties for MSBs that fail to demonstrate a robust compliance and risk management program.
Do you know what a sufficient audit trail is to satisfy a regulator?
How do you manage the many nuances of MSB regulation to minimize cost and effort?
Do you have the proper checklists in place to ensure key risks exposures are properly documented?
Are you using the appropriate language in documents to satisfy regulatory reviews and audits?
Given the constantly evolving FinCEN rules and regulations, this webinar will discuss how to most cost effectively and cost efficiently comply with the complex maze of FinCEN rules and regulations for MSBs (Money Service Business). Compliance does not have to be onerous and time-consuming. Discover tools and techniques that can simplify your processes while minimizing regulatory scrutiny.
The attendee will learn the following:
- What a sufficient audit trail looks like
- The type and level of documentation that regulators look for
- Key areas for MSBs to get easily tripped up or written up
- Simplifying the KYC due diligence process
Areas Covered in the Webinar:
- Compliance Control Checklist - key areas
- Risk assessment and monitoring - ways to streamline documentation
- Sufficiency of documentation
- Verifiable audit trails
- Internal control checklists
- Key regs to be mindful
- Mapping controls to risk assessment
- KYC streamlining
Who Will Benefit:
CAMLO (Chief Anti-Money Laundering Officers), Compliance Officers, founders, legal, compliance staff, Operations officer, Chief Compliance Officers, administrators, Chief Operations Officer, Chief Technology Officers, Compliance Director, auditorsSpeaker
Jack BensimonCourse Provider
Jack Bensimon,
