5 Key Tips for Superior Risk-based AML Compliance

Website http://bit.ly/2r6TVqn | Edit Freely

Category aml compliance;aml procedures

Deadline: June 27, 2017 | Date: June 27, 2017

Venue/Country: New York, U.S.A

Updated: 2017-05-30 21:40:21 (GMT+9)

Call For Papers - CFP

The speaker will specifically address the need for a strong customer risk assessment (Know Your Customer), monitoring of transactions, monitoring and reviews of business relationships on an ongoing basis and the need for awareness of higher risk factors with business customers. We will discuss the concept of de-risking with respect to business portfolios. We will also cover some of the challenges with a risk-based approach.

Why Should You Attend

Regulatory scrutiny on AML compliance is more pronounced than ever and regulators are looking for institutions to take a risk-based approach. Lack of proper oversight with respect to AML can lead to serious consequences – reputation damage, fines, changes in business practices, inability to pursue new lines of business etc. Not taking a risk-based approach could lead to missed revenue opportunities.

Attending this webinar will provide participants with tools to ensure they take a proper risk-based approach to AML compliance to meet regulatory requirements and protect their portfolios

Areas Covered in this Webinar

We will cover the following areas:

What a risk-based approach means

The value of having a risk-based approach

Transaction monitoring best practices

Know Your Customer best practices

Ongoing monitoring for risk

Higher risk customers and best practices for managing them

Common higher risk customer categories

De-risking and reasons for avoiding that approach

Challenges to a risk-based approach

Learning Objectives

Participants will learn:

The value of developing a risk-based approach for AML

Best practices for KYC (Know Your Customer) and transaction monitoring

What de-risking is and how to avoid it

Who Will Benefit

Risk and compliance officers in financial institutions and payment providers

Product managers

Operational managers

For more detail please click on this below link:

http://bit.ly/2r6TVqn

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