Key Components of an Anti-Money Laundering Program
This webinar provides an overview of an effective, risk-based anti-money laundering program, designed to protect your institution and ensure compliance with applicable anti-money laundering laws and regulations.
Presented by Mario Mosse
Thursday, February 8, 2018
24-hour on-demand access begins at 10:00 am ET
Session length: 120 minutes
Note: A 10-minute break will be incorporated at the top of the first hour.
About This Course:
Money Laundering is the attempt to disguise the proceeds of illegal activity so that they appear to come from legitimate sources or activities. Financial institutions need to implement a robust anti money laundering program, including a knowing your customer policy, active transaction monitoring and suspicious activity reporting. They also need to screen accounts and transactions against the OFAC sanctions list to identify and block prohibited transactions. This webinar provides an overview of an effective, risk-based anti-money laundering program, designed to protect your institution and ensure compliance with applicable anti-money laundering laws and regulations.
Recent scandals involving major international banks highlighted the need to be vigilant with respect to the global threat of money laundering and up to date with the latest schemes employed by criminals to penetrate and abuse the international financial system. Every employee plays an important role in combating money laundering and must be aware of the risks and mitigating strategies implemented by their companies.
Areas to be covered during this session:
• Key terms, definitions, and institutional differences
• Legal and regulatory background to AML
• The Anti-Money Laundering Program
• Design of an AML Policy
• Effective Elements of the AML Program Policy
• Evaluating policy effectiveness
• Designation of an AML Compliance Officer
• Auditing for AML: internal and external
• Ongoing training
• Supervision, surveillance, staffing, escalation and record-keeping
• Reporting and information flow: suspicious activity reports
• AML Control and Management in High-Risk Business Areas
• AML Technology
Who Should Attend:
Banks; Asset Managers; Broker/Dealers; Insurance Companies and all other financial institutions; Supervisors; Financial Officers; IT professionals; Risk Officers; Internal Auditors; Operational Risk Managers; Compliance Officers; Board members; General (legal) counsel; Regulators who supervise or examine banks or financial institutions; C-Suite members; CBAs (Chartered Bank Auditors); CIAs (Certified Internal Auditors); CFEs (Certified Fraud Examiners); Team members who have an interest in expanding their knowledge of anti-money laundry programs.
How It Works:
This course will be available for a 24-hour period on the starting date and time published, to accommodate your schedule and time zone. During the session you will have the opportunity to submit questions to Mario. He will prepare a customized response to you within 72-business hours. Questions must be submitted during the 24-hour open course period. Included in your purchase is access to the recording for 60 days following the original course date and a PDF of the course handouts.
Registration Fee:
Sustaining Member $99 |Contributing Member $109 |Non-Member $119
About Our Expert:
Mario Mosse is the President of MMosse Consulting, LLC, a company that provides risk management advice and training to the financial services industry. Mosse has significant experience in the areas of enterprise risk management, regulatory compliance, internal audit and project management at major financial services companies. He also has extensive knowledge of U.S. and international financial services and products (retail and corporate banking, securities brokerage, investment banking, asset management and life insurance) as well as risk management and internal control frameworks such as Basel III, Solvency II and COSO.
Mosse spent 18 years with Prudential Financial, Inc. where he was in charge of the company’s operational risk management program. Prior to that, he was the Chief Internal Control Officer for Prudential Securities and Vice President, Management internal Control of Prudential Investments. Prior to joining Prudential, Mosse spent 19 years with The Chase Manhattan Bank, N.A. where he was in charge of risk management and compliance for the Corporate Finance Sector, South America Regional Audit Executive, and Vice President, General Auditing.
Continuing Risk Learning Credits: 2
PRMIA Continuing Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].