Foreign Correspondent Banking: AML Risks, De-Risking Issues, and Current Trends

Speaker

Instructor: Thomas Nollner
Product ID: 705167

Location
  • Duration: 90 Min
Learn the risks involved with foreign correspondent banking, the laws and regulations that apply to the foreign correspondent banking relationships, the issues related to “de-risking”, and current trends related to foreign correspondent banking.
RECORDED TRAINING
Last Recorded Date: Nov-2018

 

$179.00
1 Person Unlimited viewing for 6 month info Recorded Link and Ref. material will be available in My CO Section
(For multiple locations contact Customer Care)

$299.00
1 USB is for usage in one location only. info CD/USB and Ref. material will be shipped within 15 business days
(For multiple locations contact Customer Care)

 

 

Customer Care

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Read Frequently Asked Questions

Why Should You Attend:

There has been a recent focus on the risks related to a bank onboarding and maintaining a foreign correspondent banking relationship with another bank. In addition to a bank needing to fully understand the KYC and CDD needed and required to have this relationship, a bank needs to know what bank regulators expect a bank to do to maintain foreign correspondent banks as customers.

This course will discuss the many issues related to KYC, CDD, risk rating, and the suspicious activity process as these relate to maintaining foreign correspondent relationships. In addition, the course will discuss the “de-risking” issue (a bank terminating a foreign correspondent relationship) and other current trends related to foreign correspondent banking.

Areas Covered in the Webinar:

  • Risks related to foreign correspondent banking
  • US regulations addressing foreign correspondent banking
  • Responsibilities of the correspondent and respondent bank
  • KYC, CDD/EDD and the suspicious activity process
  • FFIEC recommended examination procedures
  • How nesting should be addressed by the respondent bank
  • The need of ongoing communication between the correspondent and the respondent

Who Will Benefit:

  • BSA/AML Officers
  • Risk Managers
  • BSA/AML Auditors
  • Compliance Officers
  • BSA/AML Analysts
  • Bank staff with onboarding responsibilities
  • Bank staff with suspicious activity program responsibilities
Instructor Profile:
Thomas Nollner

Thomas Nollner
Banking AML and CFT Consultant, Various International Consultant Firms

Thomas E Nollner has more than 35 years of experience in financial institution supervision and consulting. Mr. Nollner spent 30 years as a National Bank Examiner for the Comptroller of the Currency where he was a safety and soundness examiner and a compliance examiner. As a safety and soundness examiner he examined national banks for capital adequacy, asset quality, management issues, earnings concerns, and liquidity funding. As a compliance examiner, he examined national banks for compliance with consumer laws and regulations such as the Truth-in-Lending Act, the Real Estate Settlement Procedures Act, the Flood Disaster Protection Act, the Community Reinvestment Act, and AML/CFT laws and regulations. His specialty was as an AML/CFT examiner, where he analyzed a bank’s AML/CFT program to ensure that it complied with applicable banking laws, rules, and regulations; he reviewed the bank’s suspicious transactions identification, monitoring, and reporting process; he traced proceeds and transactions through several layers of activity; and, he reviewed a bank’s processes and procedures to determine root causes of AML/CFT program weaknesses.

Mr. Nollner currently works as a consultant for the Office of Technical Assistance (OTA), a branch of the U.S. Treasury that assists developing countries with banking issues. Mr. Nollner is assigned to the Economic Crimes Team that focused on training, assisting, and mentoring the staffs of the financial regulatory departments and financial intelligence units of various countries regarding AML/CFT compliance. In this capacity, he worked in countries such as Afghanistan, Iraq, Turkmenistan, Viet Nam, Honduras, Guatemala, Guyana, Suriname, and Argentina developing AML/CFT examination procedures, providing AML/CFT training and mentoring, and updating local AML/CFT laws and regulations.

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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 [email protected] call +1-888-717-2436 (Toll Free).

 

 

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