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Managing AML/KYC Compliance Risk - CDD/EDD, Transaction Monitoring and More

Thursday, 02 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 training program will examine how to manage the AML/KYC compliance risk, which is a critical element in a robust BSA/AML compliance program. It will also explore customer identification and on-boarding and CDD/EDD/on-going risk based monitoring.

Learning Objectives:

  • KYC: What the law requires
  • Customer identification and on-boarding
  • The customer BSA/AML risk assessment
  • CDD/EDD/On-going risk based monitoring
  • The customer activity profile
  • Transaction monitoring
  • If the customer really is laundering/financing terrorists

Why Should You Attend:

There was a time when a wire transfer may come in with the 'By Order' party listed as 'My Good Customer.' No longer.

That statement sums up AML/KYC Risk. Essentially there is no such thing as 'My Good Customer.' All customers, irrespective of origin, charter, impeccability, bring with them risk. The challenge to the financial institution comes in the form of identifying the customer and the customer's surroundings.

It is insufficient to see a customer, whether an individual or legal entity, as someone or something unto itself. Overlooking a customer's relationships may lead to serious difficulty as the relationship to the institution develops.

This webinar will explore why gathering the required information for the Customer Identification Program is a good start, but knowing what the customer plans to do with the account and actually does with it is also critical to managing customer risk.


Frank Masi, Ph.D. has over 25 years of business and technical experience and holds a doctorate in business and organizational management from Capella University. Over the last 10 plus years, Mr. Masi has worked in the BSA, AML, and OFAC regulatory environment and has consulted in the financial industry providing institutions with enterprise level regulatory software solutions and consulting services in BSA, AML, KYC, P.A.T.R.I.O.T. Act and OFAC.

During his time with FIS, Mr. Masi has worked in the roles of director of professional services managing implementation and consulting services, providing regulatory consulting and software services to the financial industry. He currently serves as the product manager for FIS Risk, Fraud, and Compliance Solutions, managing the AML Premier and AML Enterprise (Prime Compliance Suite) suite of products.

He is an adjunct professor at the University of Phoenix, teaching corporate audit and governance and corporate risk management and also teaches at PACE University the BSA/AML CCRP certification. Currently, Mr. Masi is the EVP operation manager/senior consultant for ARC Risk and Compliance, supporting the consulting services. He continues to manage and provide in depth consulting services in AML/BSA, OFAC, KYC and other regulatory services.