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AML for International Correspondent Banking

Tuesday, 14 August 2018  10:00 AM PDT, 01:00 PM EDT

Training Duration = 60 min                  Sponsored by Online Compliance Panel

Click Here to register $200.00

Click Here to register and receive CD recording $400.00

This webinar will address the many risk issues related to AML compliance and how the Bank can address these risks.

Learning Objectives:

  • Understand the basic background behind the topic
  • Learn what makes ICB a high risk area in money laundering
  • Learn additional options and resolutions
  • Understand examiner issues

Why Should You Attend:

Correspondent banking is an area many AML people are not very familiar with. It presents a number of unique challenges to AML compliance. We will cover introduction to AML, Correspondent Banking, and the Wolfsberg Group (which sets many standards in the area).

Areas Covered

  • Introduction to
    • AML requirements
    • New CDD requirements 2018
    • Correspondent banking
    • Wolfsberg Group
  • Discuss high AML risks in correspondent banking
    • Bank
    • Country
    • Customer
    • Services
  • Describe additional due diligence options
  • Discuss examiner considerations

Instructor

Jim George is an independent consultant to banks focusing on issues of fraud. He has over 25 years’ 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 Fortis-US division providing outsourcing services to the banking industry.

His work includes projects in fraud investigation, fraud prevention, identity issues, compliance, and AML (anti-money laundering). Mr. George’s background also includes work in bank operations and payments strategy, reengineering, systems, and quality improvement.