2021 - Managing an Effective AML Compliance Program

To provide an understanding of money laundering and how it can impact an institution
To review the importance of “tone at the top” and how to implement a compliance-friendly environment
To learn about the critical internal controls and how these controls can protect your institution
The course will focus on the 4 pillars of an AML compliance program:
Policies, procedures and internal controls
Designation of a compliance officer
Training for appropriate personnel
Independent audit
To understand the importance of the risk assessment
To focus on the senior management/board of directors oversight of the Program
To discuss customer due diligence and know your customer expectations
To discuss knowing your high risk customers
To review implementation steps for enhanced customer due diligence
To discuss red flags indicating unusual or suspicious activity
To understand detection and reporting requirements under the Bank Secrecy Act
To discuss recent case studies