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 ...