ComplianceOnline

Monitoring High Risk Transactions

Instructor: Doug Keipper
Product ID: 703001
  • Duration: 60 Min

recorded version

$199.00
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
Last Recorded Date: Dec-2015

Training CD

$399.00
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

Customer Care

Fax: +1-650-565-8542

Email: customercare@complianceonline.com

Read Frequently Asked Questions

This BSA/AML (Bank Secrecy Act/ Anti Money Laundering) compliance training will help attendees understand, identify and mitigate the risks associated with high risk transactions.

Why Should You Attend:

An effective BSA/AML compliance program controls risks associated with the institution’s products, services, customers, entities, and geographic locations; therefore, en effective risk assessment should be an ongoing process, not a one-time exercise. Monitoring your risks includes monitoring your transactions, especially your high risk transactions.

Per the FFIEC Manual: The development of the BSA/AML risk assessment generally involves two steps: first, identify the specific risk categories (i.e., products, services, customers, entities, transactions, and geographic locations) unique to the institution: and second, conduct a more detailed analysis of the data identified to better assess the risk within these categories.

Several examples of a system of internal controls will help you document your monitoring program.

Areas Covered in the Webinar:

  • Resources.
  • Accessing the data: What are the obstacles? Core system, teller system, BSA monitoring program, etc.
  • How did the activity occur? In person, telephone, internet, wire, ATM, or ACH.
  • Sample risk assessment for products and services.
  • Systems of internal controls.
  • Managing Non Resident Aliens.
  • Documenting and Monitoring a Cash In and Cash Out Report.

Who will Benefit:

  • Financial Officers
  • Bank Secrecy Act Officers
  • Front Line Staff
  • Risk Officers
  • Operational Managers

Instructor Profile:

Doug Keipper, is a Certified Anti-Money Laundering Specialist (CAMS) since 2005 and former BSA officer, compliance officer, and loan administrator for an $800M commercial bank in Atlanta before it sold twice in one year. Mr. Keipper teaches commercial real estate stress testing and anti-money laundering throughout the southeast. He has spent over 20 years in retail banking, wholesale mortgages and financial services.

Topic Background:

As a compliance and BSA officer, Doug Keipper was tasked with training his bank on all regulations. This course was developed from conversations with FBI, Department of Homeland Security, Banking Regulators and the Financial Task Force of the DEA.

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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.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email customercare@complianceonline.com call +1-888-717-2436 (Toll Free).

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