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AML Risks in Correspondent Banking-What You Should Know for 2020
December 16, 2019 @ 1:00 pm - 2:00 pm EST$179
Topic : AML Risks in Correspondent Banking-What You Should Know for 2020
Discount Coupon : Use this Coupon (NEW2COMPLIANCE) and get (10% Off) On New Signup
Correspondent banking relationships have become a hot topic with BSA/AML over the past few years. The U.S. Treasury Department has placed more importance on the examination of correspondent banking relationships and has added more guidance related to the issues of “de-risking (terminating/exiting current correspondent banking relationships). This training session will highlight why it is essential to know the risks related to correspondent banking relationships, regulatory guidance issued for maintaining these relationships, and the concept that financial institutions can always make a business decisions as they see fit.
Areas Covered in the Session :
- Risks related to foreign correspondent banking
- US regulations addressing foreign correspondent banking
- Responsibilities of the correspondent and respondent bank
- KYC, CDD/EDD and the suspicious activity process
- FFIEC recommended examination procedures
- How nesting should be addressed by the respondent bank
- The need for on-going communication between the correspondent and the respondent
Speaker Profile :
Thomas E Nollner is keynote speaker at ComplianceKey he has more than 38 years of experience in financial institution supervision and consulting. Mr. Nollner spent 30 years as a National Bank Examiner (NBE) for the Comptroller of the Currency where he was a safety and soundness examiner and a compliance examiner. The last 15 years as an NBE and for the past 8 years as a consultant, Mr. Nollner has specialized as an AML/CFT examiner/consultant. In these roles he has analyzed financial institution’s AML/CFT programs to ensure that they complied with applicable AML/CFT laws, rules, and regulations; he reviewed the suspicious transactions identification, monitoring, and reporting processes; he traced proceeds and transactions through several layers of activity; and he provided AML/CFT training for many different financial institutions.
Contact Info :
Email : [email protected]
Phone : +1 717-208-8666