Correspondent Banking and the Associated AML Risks – 2020 Updates for Financial Institutions


OVERVIEW
This webinar will discuss the background of correspondent banking, the positive things your institution can gain from conducting correspondent banking, and the many risks associated with having a correspondent banking line of business. We will discuss international laws and regulations, industry standards, and common business practices related to correspondent banking.
WHY SHOULD YOU ATTEND
There are many risks related to acquiring, maintaining, and supervising correspondent banking relationships which employees and management of financial institution’s need to be aware of and actively manage.
With the enhanced scrutiny by regulators of a financial institution’s compliance program regarding correspondent banking relationships and the trend for financial institutions to rethink their decisions to maintain these relationships, it is important that employees and management of financial institutions are aware of and fully understand correspondent banking regulations and guidance.
This course will discuss the many issues related to KYC, CDD, risk rating, and the suspicious activity process as these relate to maintaining foreign correspondent relationships. In addition, the course will discuss the “de-risking” issue (a bank terminating a foreign correspondent relationship) and other current trends related to foreign correspondent banking.
AREAS COVERED
  • Risks related to foreign correspondent banking
  • Correspondent Banking US regulations
  • Responsibilities of the correspondent and respondent bank
  • KYC, CDD/EDD and the suspicious activity process
  • FFIEC examination procedures
  • How nesting should be addressed by the respondent bank
  • The need of on-going communication between the correspondent and the respondent
LEARNING OBJECTIVES
After attending this webinar, you will have a much better understanding of the risks associated with having correspondent banking as a business line for your institution.
You will gain an appreciation for why you might want to conduct correspondent banking, the money-laundering risks you might be exposed to, advantages of correspondent banking, correspondent banking relationships, and some mitigating practices you may want to adopt to prevent your institution from being fined or sanctioned for unlawful practices.
WHO WILL BENEFIT
  • BSA/AML Officers
  • Risk Managers
  • BSA/AML Auditors
  • Bank staff with on-boarding responsibilities
  • Bank staff with suspicious activity program responsibilities
  • Compliance Officers
  • BSA.AML Analysts
SPEAKER
Thomas E Nollner has more than 35 years of experience in financial institution supervision and consulting. Mr. Nollner spent 30 years as a National Bank Examiner for the Comptroller of the Currency where he was a safety and soundness examiner and a compliance examiner. As a safety and soundness examiner he examined national banks for capital adequacy, asset quality, management issues, earnings concerns, and liquidity funding.
Use Promo Code MDTD20 and get flat 20% discount on all purchases.
To Register (or) for more details please click on this below link:
https://bit.ly/2RLCbh1
Email: support@trainingdoyens.com
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882

Comments

Post a Comment

Popular posts from this blog

BCBS 239 – Principles of Effective Risk Data Aggregation and Risk Reporting

Image
OVERVIEW Understanding the process required to ensure compliance withBCBS 239 as well as tips on ensuring that the right data is utilized. Finally, a detailed step by step analysis of COSO requirements and what a business can do to meet expectations. COSO continues to provide guidance and establish standards for performance in risk related processes.  BCBS 239 is the latest in a series of instructions which focuses on risk data aggregation. This webinar will include discussions on the risk data aggregation capabilities and internal risk-reporting practices (the Principles) that enhance risk management and decision making processes at financial institutions. BCBS 239 Compliance WHY SHOULD YOU ATTEND Early in 2015, the Basel Committee published the second progress report on bank’s adoption of BCBS 239. Several banks, at that time, stated that they would not be able to comply with the new standards by the 2016 deadline date.  However, regulators are now looking a...
Read more

Effectively Handle Toxic People for Better Productivity and Less Drama in 2020

Image
We all have people who push our buttons and if that relationship is with our boss, colleagues or clients, it can drain our energy, take us off track and infect the other areas of our life. Our upcoming webinar discusses successful strategies and tips for building a positive, productive relationship by knowing how to effectively respond to, cope, and manage the impact of their negative and toxic behavior in the workplace. The webinar covers the following key areas: ·          Identify and control the impact of difficult people so that you can keep the situation from escalating further ·          Differentiate the 4 types of attitudes and understand how they develop in order to keep your cool in a variety of situations ·          Utilize various verbal and non-verbal communication techniques and situational strategies that you can use to de-escalate and effe...
Read more

Handling a Chaotic Work Environment: How to Prioritize Work and Make Good Decisions Under Pressure

Image
OVERVIEW This highly interactive webinar offers you and your team an array of practical tools to help you get things done in today's chaotic and constantly changing work environment. You’ll learn practical tips on how to make good decisions under pressure to earn buy-in from bosses, coworkers and customers. In a workshop environment, you will participate in valuable exercises utilizing real-world case studies.  You'll emerge with an action plan you can use right away for managing through chaos and to master expanding workloads and complex decisions. WHY SHOULD YOU ATTEND • Are you feeling overtasked, over-worried and overdone? • Could you use a ‘managing multiple priorities effectively refresher”, to help you get a better handle on things? • Would you like to brush up on your management and delegation skills? If you answered  “yes”  to any of these questions, then come laugh, listen and learn as Chris DeVany leads us all through those important topics, ke...
Read more