Ensuring Compliance in Anti-Money Laundering (AML) / Know Your Customer (KYC)

Instructor: Michael Tyler
Product ID: 705944
  • Duration: 60 Min
This program will help attendees understand the background to today’s AML and KYC compliance requirements; become familiar with the different aspects of Money Laundering; and be aware of the obligations of employees concerning AML and KYC.

recorded version

$229.00
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: Feb-2019

Training CD / USB Drive

$249.00
One CD/USB is for usage in one location only.
(For multiple locations contact Customer Care)
CD/USB and Ref. material will be shipped within 15 business days

Customer Care

Fax: +1-650-362-2367

Email: customercare@complianceonline.com

Read Frequently Asked Questions

Why Should You Attend:

Banks, Credit Unions and some other financial institutions have far reaching obligations under the relevant laws, including the requirement to know who their customers are (not just who they appear to be); and to co-operate fully in preventing Money Laundering. This is not merely theoretical: fines of as much as $700 million have been imposed for AML violations.

In this webinar you will learn how Money Laundering works in practice; become familiar with the different aspects of Money Laundering (Placement, Layering and Integration); and gain a fuller understanding of the obligations of employees and managers concerning AML and KYC.

In this training we will discuss real AML/KYC situations that have arisen, and the decisions that had to made concerning them. We will also discuss AML/KYC software tools: both the uses and the hazards / risk exposures involved.

Areas Covered in the Webinar:

  • Duties imposed by applicable laws, including the Bank Secrecy Act (BSA); the Annunzio-Wiley Anti- Money Laundering Act; and the Foreign Corrupt Practices Act (FCPA)
  • Organizations administering AML rules and programs, including FinCEN (Financial Crimes Enforcement Network) in the US Treasury Department
  • How ‘Know Your Customer’ (KYC) works in practice
  • The three components of Money Laundering: Placement, Layering and Integration
  • How Money Laundering works in practice
  • The requirement to file Suspicious Activity Reports (SARs) and Suspicious Transaction Reports (STRs)
  • The role of e-filing of SARs and STRs through FinCEN’s BSA e-filing system
  • Case examples of AML and KYC problems, how they were handled, and what can be learned

Who Will Benefit:

  • Employees and managers in banks or credit unions who make decisions concerning customer transactions, especially those with account responsibility for specific customers, and those with supervisory responsibilities
  • Compliance staff and management
  • Employees and managers in the Risk function in banks or credit unions
Instructor Profile:
Michael Tyler

Michael Tyler
Managing Director, Tyler and Company

Executive, adviser & board member in technology-based businesses, especially in in banking/ financial services; and information technology, telecom and other high-tech industries. Specialist expertise in Risk management, regulation and compliance for banking & financial services; and in big-data analytics. 35+ years’ experience in US, Canada, Asia/Pacific, UK and Europe. Results accomplished include: (a) building of custom Management Information applications in the fields of Risk, compliance and expense management, for major multinational banks based in the US and UK; (b) key contributions to planning of large infrastructure projects: e.g. Southern Cross undersea fiber-optic cable network, Australia & New Zealand to US; and (c) $12 bn+ of structured finance for telecom; electric power; aviation & ground transportation, e.g. for Bay Area Rapid Transit (BART); British Telecommunications (BT) and Citicorp.

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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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