2020 - Conducting Proper Due Diligence in AML Investigations

OVERVIEW
The BSA Department can be a costly back office operation. BSA often does not generate any revenue, but without an effective program many entities could face fines, consent orders, negative news, and closures. This is why it’s so important that analysts are trained to conduct proper due diligence from the start of an investigation to its end result. This webinar will define due diligence and the benefits when effectively applied in AML Investigations.
LEARNING OBJECTIVES
After attending this webinar participants will know:
What is due diligence?
Properly addressing and mitigating risks
Application of risk-based approaches in AML investigations
Avoidance of aggressive and defensive SAR filings
Conducting thorough and effective research for your investigation
Showing support to justify decision for quality reviews and audits
Writing an assessment to support final decision
Avoidance of willful blindness
WHY SHOULD YOU ATTEND
This presentation will provide the practical steps, especially for new analysts to effectively identify AML risks and concerns and apply a risk-based approach to investigations to avoid defensive SAR filings and unnecessary escalations. Due diligence can sometimes be subjective, this presentation will cover best practices.
AREAS COVERED
We will cover identifying risks & concerns, applying a risk-based approach to investigations, preventing aggressive and defensive SAR filings, providing support to investigations for quality checks and audits, writing a strong assessment to support your final decision and avoidance of willful blindness.
WHO WILL BENEFIT?
BSA Department Employees
Quality Assurance/Quality Control Employees in BSA Department
AML Investigators/Analysts
Case Investigators/Analysts
Alert Investigators/Analyst
Risk Managers
BSA/AML Officers
BSA/AML Analysts/Investigators
SAR Filing Teams
Compliance Officers
BSA/AML Personnel
SPEAKER
Thamecia Bullard is a Certified Anti-Money Laundering Specialist (CAMS) with over 8 years of professional experience in fraud and AML investigations. She began in the financial services industry holding various positions at a large financial institution. Thamecia has expertise in fraud, specialty fraud, and money laundering- working investigations for retail, credit card, business and individual accounts.
For more detail please click on this below link:
https://bit.ly/30TCawN
Email: support-AT-247compliance.us
Tel: +1-(707)-743-8122