BSA/AML - What is Old is New Again?

This webinar will provide attendees a clear understanding of the compliance department of the future. Attendees will learn the best practices to ensure BSA and AML compliance and avoid failure and fines.

Why Should You Attend:

BSA and AML compliance is a must. Compliance is not only good for avoiding fines and sanctions, it is even better for the financial institution. BSA and AML compliance should be proactive in nature, very open about its activities and authentic to its mission to be as effective as possible. Part of that is getting back to the core of the process and seeing what has worked, what does not work and where to spot the changes that are occurring every day.

Both the compliance failures and the frauds all have common elements – the financial professionals were not up to speed on current law changes and best practices. This webinar will focus on current enforcement trends, systemic risks to compliance, a glimpse into the future and getting it right and writing it up.

Areas Covered in the Webinar:

• A clear definition of Due Diligence, from the man who wrote the book.
• Where new regulatory attention is being focused – very important.
• How to find your exposure to systemic risk and guaranteed fine.
• How compliance can be guaranteed to fail.
• The role of the compliance officer and team.
• New ways of laundering money
  • Art
  • Securities
• Steps to avoid failure and fines
• Getting up from your desk
• Third party help
• Writing the reports; SAR, internal, etc.

Who Will Benefit:

• Compliance Personnel
• Risk Managers
• Any branch or OSJ manager
• Lawyers – not for law but on what is to be expected of compliance officers
• Members of Audit Committee and Risk Committees
• Securities Broker Dealers

Instructor Profile:

Burke Files, is the head of Financial Investigations & Evaluations, Inc. an international investigative firm specializing in asset recovery, due diligence, anti money laundering, intellectual property matters, a Certified Due Diligence Professional, and a Certified Anti Corruption Manager.

Mr. Files is the Practice Section leader on due diligence, asset recovery and intellectual property investigations. As a financial industry insider he is keenly aware of the type, and accuracy of the information required to make informed and timely decisions. Mr. Files has been the case manager on fraud investigations ranging from tens of thousands of dollars to over 20 billion. He is an international expert on due diligence and is regularly sought out for those cases that bedevil the desktop practioners.

Mr. Files is a published author of five books, in particular “Due Diligence for the Financial Professional, 2nd edition 2010” winner of two book awards, and “Money and Budgets”. He is also the author of several studies and white papers, and numerous articles. He has been quoted in many publications both domestic and international. Mr. Files is a Member of the Board of Advisors for the International Due Diligence Association as well as the President of the American Anti-Corruption Institute. Mr. Files is highly sought out international speaker on these subject matters.