Developing Risk Models for AML and BSA Monitoring Programs

Instructor: Warren R Markowitz
Product ID: 703628
Training Level: Intermediate
  • Duration: 60 Min
This session will offer insights on developing risk models for AML/BSA monitoring programs. Participants will gain keen understanding on the necessary and effective use of risk models.

recorded version

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 / USB Drive

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

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Fax: +1-650-362-2367


Read Frequently Asked Questions

"Developing Risk Models for AML and BSA Monitoring Programs" - This course is approved by NASBA (National Association of State Boards of Accountancy). Attendees of Live Webinar are eligible for 1.2 CPE credit up on full completion of the course.

Why Should You Attend:

A risk model plays a key role in the AML/BSA monitoring program, and the methods used in its development and their applications provide a basis for further action. Regardless of the number of customers, areas of concern, geographic operations or size of transaction, a well-developed model provides a solid foundation for the fulfillment of an organization’s AML/BSA responsibilities.

This webinar will discuss the need for a risk model, its effectiveness and limitations and also analyze existing models. It will further elaborate best practices for developing a risk model and testing it.

With the growth of automated AML/BSA systems, and an increase in government oversight, restrictions and concerns, this program is designed to assist AML officers, compliance professionals, and legal or operational team members in understanding the factors that can be used to develop a risk model and its implications.

Areas Covered in the Webinar:

  • What is a risk model and its purpose?
  • What can a risk model do? What can’t it do?
  • Existing risk model or factor rules/regs.
  • How to develop a risk model?
    • What do I need?
    • What can I live without?
    • Have I understood all the components?
  • Testing a risk model.
  • Do I need more than one risk model, or the flat model approach?
  • Documenting and re-evaluating the process and resulting model.

Who Will Benefit:

  • AML/BSA officers and consultants
  • AML/BSA software developers
  • Risk and compliance management personnel
  • Regulatory compliance associates and managers
  • Company management
  • Audit professionals

Instructor Profile:

Warren R. Markowitz is an attorney and veteran compliance officer. He has been involved in the US financial sector in one form or another since 1994. Mr. Markowitz has provided hands on, direct advisory services to domestic and international financial service providers in their dealings with federal and state oversight authorities and self-regulatory organizations, as both a lawyer and an advisor through several consulting and technology advisory firms. His experience with regulatory bodies has enabled him to represent his clients and provide real world references and perspective when resolving pre-existing issues and avoiding new ones.

Topic Background:

Risk models provide an unbiased, empirical method to establish a risk score for a customer. In short, a risk model allows one to mathematically identify how risky a customer is without the biased emotional attachment that comes from relationships. With a well-defined model, an institution can take into account a multitude of factors and develop a method of ranking its business so that it can concentrate its AML/BSA efforts where they are needed.

We are registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. Our registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200,, e-mail

Field of Study Minutes CPE
Specialized Knowledge and Applications 60 1.2
Total Duration - 60 Min Total Credits - 1.2

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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.

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