AML/BSA Fundamentals, Compliance, and the AML Act of 2020

Speaker

Instructor: Jim George
Product ID: 705521

Location
  • Duration: 60 Min
Money laundering continues to be a national concern. High levels of drug-related activity and violence have drawn additional attention. Terrorist activities need to be considered as well. Perpetrators have adapted to banks’ efforts so banks cannot combat the money laundering with yesterday’s methods. Software is widely installed to identify specific patterns and “unusual” transactions. But the launderers know this and are constantly striving to create new patterns where their transactions are designed not to be flagged. Like in a game of chess, the advantage goes to the side that thinks the most moves ahead. The AML Act of 2020 lays out some new directions for Federal actions but it will impact Banks due to changes in Customer Due Diligence and whistleblower rewards.
RECORDED TRAINING
Last Recorded Date: Jun-2020

 

$229.00
1 Person Unlimited viewing for 6 month info Recorded Link and Ref. material will be available in My CO Section
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$349.00
1 USB is for usage in one location only. info CD/USB and Ref. material will be shipped within 15 business days
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Fax: +1-650-362-2367

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Why Should You Attend:

This webinar will provide valuable assistance to all personnel with AML responsibilities in banks or other financial institutions:

  • Compliance with regulatory requirements
  • Designing controls and compliance
  • Detecting money laundering attempts
  • Managing the Investigating of AML alerts
  • Analyzing controls improvement options
  • Understanding money launderers’ strategies and techniques
  • Anticipating the impact of regulations following up the AML Act of 2020, including both employee and systems issues.

Areas Covered in the Webinar:

  • Requirements of the Bank Secrecy Act (and related areas of the USA PATRIOT Act)
  • Know Your Customer (KYC) requirements
  • Currency Transaction Reports (CTRs) requirements
  • Suspicious Activity Reports (SARs) requirements
  • New Customer Due Diligence requirements
  • Impacts of the AML Act of 2020
  • Specific steps that are required by the regulations
  • Analytic engines
  • Compliance violations
  • Current issues and problems
  • AML and Fraud overlaps
  • Adaptation by perpetrators
  • False Positive Problem

Who Will Benefit:

  • VP, Manager, Director, Supervisor levels
  • Professionals in Deposits, Compliance and AML areas
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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