All banks and most financial institutions are required to have anti-money laundering (AML) programs in place within their organizations to detect and prevent money laundering and terrorist financing. For many of these entities, an individual in-depth analysis of all customers, accounts, products and services in not very feasible, given that the numbers of each may be significant and more than the capacity of the organization to deliver. Accordingly, a risk management program will help to identify and narrow down where the focus of attention should be. By identifying risks and basing decisions on factors that are related to higher risk elements, attention to addressing higher risk elements can be done more efficiently and more productively for the organization. A good AML Risk Management program will also better satisfy regulatory requirements.
WHY SHOULD YOU ATTEND?
This training is essential for anyone working in a financial institution who is involved in AML compliance. The course will inform the attendee of the basics of identifying money laundering risks and how to effectively manage a program to handle and address those risks.
AREA COVERED
What is AML Risk Management
Why is AML Risk Management important?
Identifying elements to consider when developing AML Risk Management
Creating an AML Risk Management profile and matrix
Using AML Risk Management in operations
Evaluating the effectiveness of AML Risk Management
How AML Risk Management principles can help your organization in other ways
LEARNING OBJECTIVES
Learn what AML Risk Management means
Learn why regulators prefer a risk management approach to AMLThis tra
Learn how to identify some common AML risks
Learn how to create and apply an AML risk management matrix in operations
Learn how to evaluate the effectiveness of your AML risk management program
Learn how to apply AML risk management principles in other areas of your business
WHO WILL BENEFIT?
- Bank compliance and AML officers
- Risk and compliance staff
- Bank and other financial institution management
This training is essential for anyone working in a financial institution who is involved in AML compliance. The course will inform the attendee of the basics of identifying money laundering risks and how to effectively manage a program to handle and address those risks.
What is AML Risk Management
Why is AML Risk Management important?
Identifying elements to consider when developing AML Risk Management
Creating an AML Risk Management profile and matrix
Using AML Risk Management in operations
Evaluating the effectiveness of AML Risk Management
How AML Risk Management principles can help your organization in other ways
Learn what AML Risk Management means
Learn why regulators prefer a risk management approach to AMLThis tra
Learn how to identify some common AML risks
Learn how to create and apply an AML risk management matrix in operations
Learn how to evaluate the effectiveness of your AML risk management program
Learn how to apply AML risk management principles in other areas of your business
- Bank compliance and AML officers
- Risk and compliance staff
- Bank and other financial institution management
Speaker Profile
Kenneth Barden
Kenneth Barden is a seasoned Compliance and Regulatory Specialist. He was trained as a lawyer and is admitted to the practice of law in the United States and abroad. He is a certified Anti-Money Laundering Specialist and is COSO-certified. He has over 37 years of experience in both the public and private sector, including over 14 years overseas. He has been a contributing author to several books, articles and other publications relating to compliance issues. He is a graduate of Indiana University School of Law, and has completed several post-graduate study programs.
Upcoming Webinars
California Meal and Rest Breaks: What You Dont Know Can Cos…
By:Melveen Stevenson
May 8, 2024
12:00 PM PDT | 03:00 PM EDT
Responding to EEOC Discrimination Charges-What's Your Busin…
By:Bob McKenzie
May 8, 2024
12:00 PM PDT | 03:00 PM EDT
Implementing an Effective Human Error Reduction Program
By:Ginette M. Collazo
May 9, 2024
10:00 AM PDT | 01:00 PM EDT
Conflict Resolution - Prevent, De-escalate, Resolve
By:Deborah Jenkins
May 9, 2024
10:00 AM PDT | 01:00 PM EDT
When Employees Travel: Wage and Expense Rules Employers Mus…
By:Patrick Haggerty
May 9, 2024
10:00 AM PDT | 01:00 PM EDT
With Mandatory Paid Leave Gaining Ground Is It Time To Do A…
By:Bob McKenzie
May 9, 2024
12:00 PM PDT | 03:00 PM EDT
Female to Female Hostility @Workplace: All you Need to Know
By:Dr. Susan Strauss
May 9, 2024
12:00 PM PDT | 03:00 PM EDT
Form 1099-MISC and 1099-NEC Compliance Update 2024
By:Jason Dinesen
May 10, 2024
10:00 AM PDT | 01:00 PM EDT
Validation Statistics for Non-Statisticians
By:Alan M Golden
May 10, 2024
10:00 AM PDT | 01:00 PM EDT
The Totally Organized Professional Is All About Outcomes
By:Bruce Lee
May 13, 2024
12:00 PM PDT | 03:00 PM EDT
Why EBITDA Doesn't Spell Cash Flow and What Does
By:Dev Strischek
May 13, 2024
10:00 AM PDT | 01:00 PM EDT
GAMP5, Second Edition and Alignment with Computer Software …
By: Carolyn Troiano
May 13, 2024
12:00 PM PDT | 03:00 PM EDT
Project Management for Non-Project Managers - Scheduling yo…
By: Charles H. Paul
May 13, 2024
10:00 AM PDT | 01:00 PM EDT
Sunshine Act Reporting - Clarification for Clinical Research
By:Danielle DeLucy
May 14, 2024
10:00 AM PDT | 01:00 PM EDT
Understanding the Math of HR… So You Can Show How HR Impact…
By:Don Phin
May 14, 2024
12:00 PM PDT | 03:00 PM EDT
FFIEC BSA/AML Examination Manual: What Compliance Officers …
By:Justin Muscolino
May 15, 2024
10:00 AM PDT | 01:00 PM EDT
How to Address ISO's New Climate Change Requirements
By:William A. Levinson
May 15, 2024
12:00 PM PDT | 03:00 PM EDT
I-9 Audits: Strengthening Your Immigration Compliance Strat…
By:Margie Faulk
May 15, 2024
12:00 PM PDT | 03:00 PM EDT
Re-imagine Finance & Accounting Made Simple. Three Webinars…
By:Carl Young
May 15, 2024
10:00 AM PDT | 01:00 PM EDT
Stay Interviews: A Powerful and Low-Cost Employee Engagemen…
By:Marcia Zidle
May 16, 2024
10:00 AM PDT | 01:00 PM EDT
How To Conduct An Internal Harassment And Bullying Investig…
By:Dr. Susan Strauss
May 16, 2024
12:00 PM PDT | 03:00 PM EDT
Effective Onboarding: How to Welcome, Engage, and Retain Ne…
By:Bob McKenzie
May 17, 2024
10:00 AM PDT | 01:00 PM EDT
Managing Toxic & Other Employees Who Have Attitude Issues
By:Pete Tosh
May 17, 2024
12:00 PM PDT | 03:00 PM EDT
Analytical Method Validation Under Good Laboratory Practic…
By:John Fetzer
May 20, 2024
10:00 AM PDT | 01:00 PM EDT
Do's and Don'ts of Documenting Employee Behaviour, Performa…
By:Diane L. Dee
May 21, 2024
12:00 PM PDT | 03:00 PM EDT
Do's and Don'ts of Giving Effective Feedback for Performanc…
By:Audrey Halpern
May 22, 2024
10:00 AM PDT | 01:00 PM EDT
Onboarding New Hires: Leverage the Potential of Artificial …
By:Marcia Zidle
May 22, 2024
10:00 AM PDT | 01:00 PM EDT
Project Management for HR, Administrative Professionals, an…
By:Rebecca Staton-Reinstein
May 23, 2024
12:00 PM PDT | 03:00 PM EDT
Tattoos, hijabs, piercings, and pink hair: The challenges …
By:Dr. Susan Strauss
May 23, 2024
10:00 AM PDT | 01:00 PM EDT
Using Behavior Based Interviewing for Finding the Best Matc…
By:Bob Verchota
May 23, 2024
10:00 AM PDT | 01:00 PM EDT
How to Document Employee Discussions and Why it is Important
By:Michael D Haberman
May 23, 2024
12:00 PM PDT | 03:00 PM EDT
Stressed Out: How to Handle Conflict, Difficult People and …
By:Marcia Zidle
May 24, 2024
12:00 PM PDT | 03:00 PM EDT
Harassment, Bullying, Gossip, Confrontational and Disruptiv…
By:Bruce Lee
May 28, 2024
10:00 AM PDT | 01:00 PM EDT
Best Practices for Working With Vendors and Suppliers
By:Kenneth M. Jones
May 29, 2024
10:00 AM PDT | 01:00 PM EDT
Understanding the Artificial Intelligence Landscape
By:Ernest Worthman
May 29, 2024
10:00 AM PDT | 01:00 PM EDT
Marketing to Medicare or Medicaid Beneficiaries - What You …
By: William Mack Copeland
May 29, 2024
12:00 PM PDT | 03:00 PM EDT
Accounting For Non Accountants : Debit, Credits And Financi…
By:Richard E Cascarino
May 30, 2024
12:00 PM PDT | 03:00 PM EDT
Principles & Practices for the Cybersecurity of Legacy Medi…
By:Rachelle D Souza
May 30, 2024
10:00 AM PDT | 01:00 PM EDT
Independent Contractor vs. Employee New Rule Issued by The …
By:Bob McKenzie
May 30, 2024
12:00 PM PDT | 03:00 PM EDT
Ultimate Persuasion Strategies! - Secret Influence Tools & …
By:Paul J. Cline
May 31, 2024
10:00 AM PDT | 01:00 PM EDT
Kicking your Employee Retention Efforts into Overdrive: Sta…
By:Diane L. Dee
June 27, 2024
12:00 PM PDT | 03:00 PM EDT