Leadership & BoD Obligations Under AML, BSA & OFAC

Instructor: Michelle Martin
Product ID: 703613
  • Duration: 60 Min
This webinar will highlight the duties and financial risk of board of directors, business owners and upper management under Anti-Money Laundering (AML), Bank Secrecy Act (BSA), and Office of Foreign Assets Control (OFAC) regulations.

recorded version

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Recorded Link and Ref. material will be available in My CO Section
Last Recorded Date: Sep-2014

Training CD / USB Drive

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CD/USB and Ref. material will be shipped within 15 business days

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Read Frequently Asked Questions

Why Should You Attend:

This webinar will cover all the elements board of directors and business owners must pay attention to in order to ensure adequate oversight of their AML/BSA/OFAC program.

Under the AML/BSA/OFAC rules, board of directors and business owners are tasked with the primary responsibility of ensuring that their business has a comprehensive and effective AML/BSA/OFAC compliance program. Over recent years, they have been fined personally for failing to fulfil their obligations.

Board of directors and business owners are also responsible for the oversight framework which must be reasonably designed to ensure compliance with AML/BSA/OFAC regulations. It must specifically address the following areas:

  • Policies, procedures and internal controls
  • Designation of compliance officer
  • Training
  • Independent testing

This course will address upper management’s roles and responsibilities in AML/BSA/OFAC compliance, case studies of breaches and its resulting penalties, and obligations under sanctions.

Areas Covered in the Webinar:

  • Board of Directors / Business Owners Role and Responsibilities in AML/BSA/OFAC
  • Board of Directors / Business Owners Concerns
  • Characteristics of an Efficient Board
  • Upper Management Roles and Responsibilities in AML/BSA/OFAC
  • AML/BSA/OFAC Corporate Governance
  • Breaches – Board of Directors/Business Owners/Upper Management Liability, Impact on Businesses, Case Study, Penalties
  • Obligations under Sanctions

Who will Benefit:

  • Members of Board of Directors
  • Business Owners
  • Upper Management such as CEO, CFO, COO, CRO, CTO
  • Chief Auditors
  • Risk Officers
  • Operational Risk Managers

Instructor Profile:

Michelle Martin, is an Anti-Money Laundering consultant. She is president of ComplianceAid and a partner at theList.pro. She is an accomplished professional with over twenty years of experience in banking, trust, credit union, insurance, financial services, regulatory compliance, and public and private accounting. Ms. Martin is a Certified Anti-Money Laundering Specialists (CAMS) and founding co-chair of the ACAMS South Florida Chapter. She is also an Accredited Claims Adjuster.

In the course of her twenty years’ experience, she has worked for firms like KPMG, LLP, Ernst & Young LLP, Burger King Corporation, Assurant, Inc., Ocean Bank and Banco Do Brasil. Ms. Martin’s portfolio of clients includes Fortune 500 corporations, international and regional businesses, central banks, regulatory agencies and governments located in 27 countries including the United States.

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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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