All banks and most financial institutions are required to have anti-money laundering (AML) programs in place within their organizations to detect and prevent money laundering and terrorist financing. For many of these entities, an individual in-depth analysis of all customers, accounts, products and services in not very feasible, given that the numbers of each may be significant and more than the capacity of the organization to deliver. Accordingly, a risk management program will help to identify and narrow down where the focus of attention should be. By identifying risks and basing decisions on factors that are related to higher risk elements, attention to addressing higher risk elements can be done more efficiently and more productively for the organization. A good AML Risk Management program will also better satisfy regulatory requirements.
WHY SHOULD YOU ATTEND?
This training is essential for anyone working in a financial institution who is involved in AML compliance. The course will inform the attendee of the basics of identifying money laundering risks and how to effectively manage a program to handle and address those risks.
AREA COVERED
What is AML Risk Management
Why is AML Risk Management important?
Identifying elements to consider when developing AML Risk Management
Creating an AML Risk Management profile and matrix
Using AML Risk Management in operations
Evaluating the effectiveness of AML Risk Management
How AML Risk Management principles can help your organization in other ways
LEARNING OBJECTIVES
Learn what AML Risk Management means
Learn why regulators prefer a risk management approach to AMLThis tra
Learn how to identify some common AML risks
Learn how to create and apply an AML risk management matrix in operations
Learn how to evaluate the effectiveness of your AML risk management program
Learn how to apply AML risk management principles in other areas of your business
WHO WILL BENEFIT?
- Bank compliance and AML officers
- Risk and compliance staff
- Bank and other financial institution management
This training is essential for anyone working in a financial institution who is involved in AML compliance. The course will inform the attendee of the basics of identifying money laundering risks and how to effectively manage a program to handle and address those risks.
What is AML Risk Management
Why is AML Risk Management important?
Identifying elements to consider when developing AML Risk Management
Creating an AML Risk Management profile and matrix
Using AML Risk Management in operations
Evaluating the effectiveness of AML Risk Management
How AML Risk Management principles can help your organization in other ways
Learn what AML Risk Management means
Learn why regulators prefer a risk management approach to AMLThis tra
Learn how to identify some common AML risks
Learn how to create and apply an AML risk management matrix in operations
Learn how to evaluate the effectiveness of your AML risk management program
Learn how to apply AML risk management principles in other areas of your business
- Bank compliance and AML officers
- Risk and compliance staff
- Bank and other financial institution management
Speaker Profile
Kenneth Barden
Kenneth Barden is a seasoned Compliance and Regulatory Specialist. He was trained as a lawyer and is admitted to the practice of law in the United States and abroad. He is a certified Anti-Money Laundering Specialist and is COSO-certified. He has over 37 years of experience in both the public and private sector, including over 14 years overseas. He has been a contributing author to several books, articles and other publications relating to compliance issues. He is a graduate of Indiana University School of Law, and has completed several post-graduate study programs.
Upcoming Webinars
Fair Lending in 2025: New Regulations, Examinations and Enf…
By:Justin Muscolino
April 7, 2025
12:00 PM PDT | 03:00 PM EDT
I-9 Audits: Strengthening Your Immigration Compliance Strat…
By:Diane L. Dee
April 7, 2025
10:00 AM PDT | 01:00 PM EDT
Using Emotional Intelligence to Elevate Your Leadership
By:Veronica L. Matthews
April 8, 2025
10:00 AM PDT | 01:00 PM EDT
ChatGPT & HR: How HR Recruiting Professionals Can Leverage …
By:Deb Schaffer
April 8, 2025
12:00 PM PDT | 03:00 PM EDT
Elevate Your Workplace Wellness: 10 Critical Wellness Facto…
By:Edlyn McGarity
April 8, 2025
10:00 AM PDT | 01:00 PM EDT
FDA Trends in Compliance and Enforcement in Computer System…
By: Carolyn Troiano
April 8, 2025
12:00 PM PDT | 03:00 PM EDT
Tattoos, hijabs, piercings, and pink hair: The challenges …
By:Dr. Susan Strauss
April 8, 2025
10:00 AM PDT | 01:00 PM EDT
How to Manage the Legal Landmine of the FMLA, ADA and Worke…
By:Margie Faulk
April 9, 2025
12:00 PM PDT | 03:00 PM EDT
How to Write a Successful Job Hazard Analysis
By:Joe Keenan
April 9, 2025
12:00 PM PDT | 03:00 PM EDT
How to Write Right for Better Business Communication
By:Dev Strischek
April 10, 2025
10:00 AM PDT | 01:00 PM EDT
How to Prepare For and Host a FDA Inspection and Respond to…
By:Edwin Waldbusser
April 10, 2025
10:00 AM PDT | 01:00 PM EDT
From Good to Great: The Secrets to an Optimized LinkedIn Pr…
By:Terry Winship
April 11, 2025
10:00 AM PDT | 01:00 PM EDT
Public Speaking: Overcoming The Fear of Public Speaking
By:Erica Chisolm & Vanessa Hardiman
April 11, 2025
12:00 PM PDT | 03:00 PM EDT
Transforming Anger And Conflict Into Collaborative Problem …
By:Mark Gorkin
April 14, 2025
10:00 AM PDT | 01:00 PM EDT
Policy Pops: Navigating DEI in the 2025 Workplace: Strategi…
By:Wendy Sellers
April 14, 2025
12:00 PM PDT | 03:00 PM EDT
The Five Cs Of Commercial Credit: The Basic Elements Of Cre…
By:Dev Strischek
April 14, 2025
10:00 AM PDT | 01:00 PM EDT
Workplace Investigations 101: How to Conduct your Investiga…
By:Dr. Susan Strauss
April 14, 2025
10:00 AM PDT | 01:00 PM EDT
Navigating Alcohol and Drug Addiction Protections Under the…
By:Melveen Stevenson
April 15, 2025
12:00 PM PDT | 03:00 PM EDT
Reduce Stress in the Workplace: Effective Ways to Handle Co…
By:Marcia Zidle
April 17, 2025
12:00 PM PDT | 03:00 PM EDT
Transforming HR with AI: Unlocking Excellence and Innovation
By:Sonja Pasquantonio
April 18, 2025
10:00 AM PDT | 01:00 PM EDT
Creating Employee Handbooks that Protect You and Support th…
By:Don Phin
April 21, 2025
10:00 AM PDT | 01:00 PM EDT
FDA Technology Modernization Action Plan (TMAP) and Impact …
By: Carolyn Troiano
April 21, 2025
12:00 PM PDT | 03:00 PM EDT
Transform Data into Insights: A Beginners Guide to Excel Pi…
By:Cathy Horwitz
April 22, 2025
12:00 PM PDT | 03:00 PM EDT
50+ new Excel features so far this decade
By:David Benaim
April 24, 2025
10:00 AM PDT | 01:00 PM EDT
Mindful Communication:The Key to Meaningful Conversations i…
By:Aimee Bernstein
April 24, 2025
10:00 AM PDT | 01:00 PM EDT
FDA Proposes Framework to Advance Credibility of AI Models
By: David R. Dills
April 24, 2025
10:00 AM PDT | 01:00 PM EDT
FMLA Compliance in 2025: A Comprehensive Guide & Strategies…
By:Suzanne Lucas
April 25, 2025
10:00 AM PDT | 01:00 PM EDT
Excel - 10 Key Worksheet Functions to Skyrocket Your Produc…
By:Mike Thomas
April 28, 2025
10:00 AM PDT | 01:00 PM EDT
Hiring and Retaining Employees in this Crazy Economy
By:Don Phin
April 29, 2025
10:00 AM PDT | 01:00 PM EDT
Managing Toxic Employees: Strategies For Leaders To Effecti…
By:Beverly Beuermann-King
April 29, 2025
10:00 AM PDT | 01:00 PM EDT
Harassment, Bullying, Gossip, Confrontational and Disruptiv…
By:Bruce Lee
April 30, 2025
10:00 AM PDT | 01:00 PM EDT