This webinar will help attendees to learn the current issues and changes to BSA/AML compliance obligations and the common regulator findings related to payments and customer risk.
Why Should You Attend:
Join us to round out 2017 with a look at issues and changes to BSA/AML compliance obligations and the most common Regulator findings related to payments and customer risk. We'll review some significant FinCEN changes, plus review how state laws could further impact compliance programs. We will conclude with a look at what to expect in 2018 so you are prepared for even more changes!
Learning Objectives:
- Identify common regulator findings to ensure compliance
- Define areas of significant risk
- Evaluate expectations
- Document necessary program updates as applicable
Topics
- FinCEN final rule on customer due diligence and beneficial ownership
- OFAC Sanctions Regulations
- BSA/AML state laws and initiatives
- Suspicious Activity Reports
- Third-Party Payment Processors
- Risk rating customers
- Applicability of AML to emerging payments / new payments
- Most common Regulator findings
- Risk assessments too narrow
- Failure to verify CIP
- CDD
- Inadequate transaction monitoring
- Failure to customize monitoring programs
- Failure to properly classify / monitor customer risk
- Risk assessments too narrow
- A look ahead - anticipated 2018 focus and initiatives
- Resources to learn more
Instructor
Rayleen M. Pirnie, AAP, is the founder and owner of RP Payments Risk Consulting Services, LLC, based in Missouri. She is a nationally recognized payments risk and fraud expert who offers specialized consulting services, procedural and risk management reviews, and payments education. Ms. Pirnie's specialized skill is delving into the world beyond the payment rules; areas where organizations often find themselves in positions of liability or loss with little to no clear guidance. She has worked with all payment systems for nearly 20 years.
Ms. Pirnie also holds a Bachelor's of Science in Criminal Justice Administration. Her educational programs provide real-world, actionable information for financial institutions and businesses on topics ranging from payments risk management to information security. She authors payments risk and fraud blogs geared toward helping organizations recognize threats and protect themselves from loss.