Best Practices to Combat Anti Money Laundering Risk

This webinar highlights the techniques and best practices to Combat AML Risk. AML compliance programs are prescribed to be risk-based but do not necessarily require a formal risk assessment. This session will explore risk assessment as the foundation for implementing sound AML compliance programs.

Why Should You Attend:

Financial institutions are continually evolving their systems and processes, and some continue to be challenged by the risk of money laundering and terrorist financing. Recent actions have brought forth regulatory criticisms for ineffective or inadequate programs and lack of risk management. With more scrutiny placed on financial institutions to shore up their programs, it makes good sense to get back to basics and better understand the frameworks around AML risk.

This webinar will cover the industries best practices and information on AML compliance and how can you implement them to your organization. At the end of the session the speaker will also answer your questions related to the topic.

Areas Covered in the Seminar:

• Risk-based approach to AML compliance
• Risk assessment as the foundation and the driver
• Sound techniques for assessing risk
• Each of the key areas are examined
• Risk assessment as ongoing process
• Informs the AML risk exposure
• Identifies gaps in controls
• Drives the AML compliance program including the independent audit