This webinar will highlight the opportunity to define enhanced diligence that can be used for conducting an effective high risk review in order to ensure compliance with Bank Secrecy Act (BSA) regulations and regulatory expectations.
This webinar will highlight the techniques and best practices for conducting effective due diligence when accepting or maintaining your portfolio of high-risk customers, and to assess the adequacy and effectiveness of the tools, techniques, and tactics, and talented BSA/AML personnel utilizing them. Utilizing self-testing to identify weaknesses will serve to ensure that your high-risk review controls are operating as designed.
An effective high risk review process will include a thoughtful policy, process, process, source file, work flow and assessment, with a well-written report memorializing findings and results to provide a basis for maintain the customer. This training will look at the practicality of these elements and the implementation factors with each of them.
Why Should You Attend:
Financial institutions are continually evolving their systems and processes, and some continue to be challenged by risks associated with managing high-risk customers. Recent actions have brought forth regulatory criticisms for inadequately managing the risks associated with higher risk customers resulting in greater regulatory and compliance exposure to banks and other financial institutions. With more scrutiny placed on the compliance department to conduct extensive enhanced due diligence, many financial institutions are turning to de-risking to reduce risk to the institution.This webinar will highlight the techniques and best practices for conducting effective due diligence when accepting or maintaining your portfolio of high-risk customers, and to assess the adequacy and effectiveness of the tools, techniques, and tactics, and talented BSA/AML personnel utilizing them. Utilizing self-testing to identify weaknesses will serve to ensure that your high-risk review controls are operating as designed.
An effective high risk review process will include a thoughtful policy, process, process, source file, work flow and assessment, with a well-written report memorializing findings and results to provide a basis for maintain the customer. This training will look at the practicality of these elements and the implementation factors with each of them.
Areas Covered in the Webinar:
- Key elements of a well-planned review
- Sound techniques for using tools, techniques and tactics
- Each of the key areas are examined
- Scoping and planning a high risk review
- Transactions analysis
- Memorializing and communicating outcomes
- Managing requirements
- Implementing actionable outcomes
Who Will Benefit:
- BSA/AML Compliance Officers and Compliance Managers
- Compliance Analysts
- Chief Compliance Officers
- Internal Auditors
- Operational Risk Managers
Course Provider
Laura H Goldzung,
