AML for International Correspondent Banking
Duration : 90 Minutes
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 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). Read more
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). We will address the many risk issues related to AML compliance and how the Bank can address these risks.
Course 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
Course Outline:
• Introduction to
o AML requirements
o New CDD requirements 2018
o Correspondent banking
o Wolfsberg Group
• Discuss high AML risks in correspondent banking
o Bank,
o Country,
o Customer,
o Services
• Describe additional due diligence options
• Discuss examiner considerations
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
• BSA/AML Officers
• Compliance Officers
• Enterprise Risk Managers
• Bank Compliance Officers and Assistants
• Bank Secrecy Act Officers and Assistants
• Bank Secrecy Act Analysts
• Credit Union Compliance Officers
• Internal Auditors
• Risk Managers
• Staff with BSA/AML oversight responsibilities
• Anyone who deals with correspondent banking risk
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
