ComplianceOnline

AML High-Risk Transactions - Identify, Manage, Resolve

Instructor: Jim George
Product ID: 704792
  • 3
  • February 2017
    Friday
  • 10:00 AM PST | 01:00 PM EST
    Duration: 60 Min

Live Online Training
February 03, Friday 10:00 AM PST | 01:00 PM EST
Duration: 60 Min

$199.00
One Dial-in One Attendee
$349.00
Group-Max. 10 Attendees/Location
(For multiple locations contact Customer Care)

recorded version

$249.00
1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section 48 hrs after completion of Live training

Training CD

$349.00
One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days after completion of Live training

Customer Care

Fax: +1-650-963-2556

Email: customercare@complianceonline.com

Read Frequently Asked Questions

This webinar will discuss the techniques for controlling and managing High Risk Transaction. The Instructor will discuss the parameters for identifying and qualifying transactions as high risk and process and communication to be followed. He will also discuss how to resolve the end result.

Why Should You Attend:

AML operations, systems, and processes are designed to provide sound compliance and appropriate reporting of Suspicious Activity to Regulators on SARS. Properly identifying the high-risk activity will focus compliance priorities properly. Properly managing high-risk transactions when they are identified is equally important. Together, they help avoid reporting failures which can lead to sanctions against the bank.

This webinar will cover both the identification and the management aspects of high-risk transactions.

Learning Objectives:

  • Learn what are elements of transactions which can cause a transaction to be considered “high-risk”’ and how to make judgments in each category:
    • Countries involved
    • Customers involved
    • Counterparties involved
    • Product type or transaction type
  • Learn how to manage high-risk transactions and what the options are for completing that.

Areas Covered in the Webinar:

  • Characteristics that can cause a transaction to be considered high-risk.
  • In bank’s organization, type of work that will need to be performed
  • Identify key places in the workflow where communication to other areas is necessary and why there have been failures at this in the past.
  • Techniques for controlling and managing high-risk transactions
  • End results that may occur:
    • Weighing analytical engines
    • Special reviews
    • SAR
    • End the customer relationship
    • Section 314(b) sharing with other institutions

Who Will Benefit:

  • Fraud Professionals
  • Compliance Professionals
  • AML/BSA Professionals
  • Banking VP
  • Bank Director
  • Bank Supervisor
  • Bank Managers
  • Credit Unions Manager
  • Credit Unions VP
  • Credit Unions Director
  • Credit Unions Supervisor
  • Financial Services Managers
  • Financial Services VP
  • Financial Services Director
  • Financial Services Supervisor
  • Banking Professional
  • Credit Unions Professionals
  • Financial Services Professionals
Instructor Profile:
Jim George

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.

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