Banks and most financial institutions must have anti-money laundering (AML) programs to detect and prevent money laundering and terrorist financing. Reviewing every customer, account, product and service in depth often isn't feasible, so a risk-based approach shows where to focus. This 60-minute AML risk management webinar explains how to build one.
By basing decisions on higher-risk factors, institutions can address the biggest risks more efficiently, and a good program also better satisfies regulators.
You'll learn what AML risk management is and why regulators prefer it, which elements to consider, how to create a risk profile and matrix, how to use it in operations, how to evaluate effectiveness, and how the same principles help elsewhere in the business.
WHY SHOULD YOU ATTEND?
Anyone involved in AML compliance at a financial institution needs to know how to identify money laundering risks and manage a program that addresses them. This session covers those basics.
It suits bank compliance and AML officers, risk and compliance staff, and bank and other financial institution management.
AREA COVERED
- What AML risk management is
- Why AML risk management matters and why regulators prefer it
- Elements to consider when developing AML risk management
- Common AML risks
- Creating an AML risk profile and matrix
- Using AML risk management in operations
- Evaluating the effectiveness of AML risk management
- Applying AML risk management principles elsewhere in your organization
LEARNING OBJECTIVES
- Explain what AML risk management means
- Describe why regulators prefer a risk-based approach to AML
- Identify common AML risks
- Create and apply an AML risk management matrix in operations
- Evaluate the effectiveness of your AML risk management program
- Apply AML risk management principles in other areas of the business
WHO WILL BENEFIT?
- Bank compliance and AML officers
- Risk and compliance staff
- Bank and other financial institution management
Anyone involved in AML compliance at a financial institution needs to know how to identify money laundering risks and manage a program that addresses them. This session covers those basics.
It suits bank compliance and AML officers, risk and compliance staff, and bank and other financial institution management.
- What AML risk management is
- Why AML risk management matters and why regulators prefer it
- Elements to consider when developing AML risk management
- Common AML risks
- Creating an AML risk profile and matrix
- Using AML risk management in operations
- Evaluating the effectiveness of AML risk management
- Applying AML risk management principles elsewhere in your organization
- Explain what AML risk management means
- Describe why regulators prefer a risk-based approach to AML
- Identify common AML risks
- Create and apply an AML risk management matrix in operations
- Evaluate the effectiveness of your AML risk management program
- Apply AML risk management principles in other areas of the 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.
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