Online Training 2016 - Key Elements and Techniques in Managing AML high risk Transactions - By AtoZ Compliance

Key Take Away
Learn AML requirements on how to manage high-risk transactions and what the options are for completing this by making calculated judgements in all categories
Overview
AML operations, systems, and processes are designed to provide sound compliance and appropriate reporting of suspicious activity to regulators on SARS. Staff training plan to properly identify the high-risk activity will focus compliance priorities. Properly managing high-risk transactions when they are identified is equally important. Together, they help avoid reporting failures which can lead to sanctions against the bank. This webinar covers both the identification and the management aspects of compliance.
Why Should You Attend
AML staff have a more difficult challenge than Anti-fraud staff because anything the Fraud people miss will eventually be caught and can serve as lessons learned. Formal training is far more important with AML because, if money laundering transactions are missed, you will never know it happened and there is more AML risk as a result.
Areas Covered In This Webinar
We will discuss each of the characteristics which can cause a transaction to be considered high-risk
For each, we will discuss where in the bank’s organization each type of work will need to be performed
We will identify key places in the workflow where communication to other areas is necessary and why there have been failures at this in the past
We will look techniques for controlling and managing high-risk transactions
We will discuss each of the end results that may occur:
Weighing analytical engines
Special reviews
SAR training
End the customer relationship
Section 314(b) sharing with other institutions
Learning Objectives
Learn what are elements of transactions which can cause a transaction to be considered “high-risk”’ and how to make judgments in each category:
Countries involved
Customers involved
Counterparties involved
Product type or transaction type
Learn AML requirements on how to manage high-risk transactions and what the options are for completing that
Who Will Benefit
Leaders from Banking
Leaders from Brokerage
Any Financial Services company which have compliance and aml requirements
Speakers Profile
Jim George
Jim George is an independent consultant to banks focusing on issues of risk and compliance, AML, and fraud. He brings over 25 years of experience as a consultant to major banks in Associate Partner and Principal roles at PriceWaterhouse-Coopers Consulting, IBM Consulting in Bank Risk and Compliance, and Andersen Consulting (now Accenture). He has also been SVP Operations for a major Insurance Company providing insurance outsourcing services to the banking industry.
Jim’s work has included projects in AML and fraud investigation, prevention, identity/KYC issues, and related systems. His background includes work in bank operations and payments strategy, systems, reengineering, and quality improvement.
Level
Beginner
For more detail please click on this below link:
https://www.atozcompliance.com/trainings-webinar/B...
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