Bank Secrecy Act: The Fundamentals - CIP, CDD, EDD, CTR and Current Issues - NASBA CPE Certificate

  • Speaker:Jim George
  • Date: 30th November 2018 11:00 AM PST | 02:00 PM EST
  • Duration:60Min
  • Product Code:GRC-90473
  • NASBA CPE: 1.2

$169

12

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  • Certificate of attendance is emailed to you within 6 working days from the date the webinar was completed. If you don’t receive an email within 6 days. Please email our support@grcts.com

Recorded Session - How it works

  • Login Information with Password to view the webinar will be emailed to you within 48 hours from the date the Live webinar was completed. The link to the recording is for a single person use only and it is valid for 6 months or the actual duration the recording was purchased.
  • Please click on the link to access the Recording and type in the password provided in the email.
  • Presentation and other handouts will be emailed to you in a pdf format.

Training CD - How it works

  • Free shipment within 2 working days, from the date the webinar was completed. The presentation and other handouts will be emailed to you in a pdf format if we are unable to attach them in the CD or USB.

(For more information about our products contact +1- 248-233-2049)

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the Recording of the Training for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com. 

Certifications: 

NASBA CPE - 1.5
Group Internet Based | 1.2 NASBA Credits (1 CPE for 50 minutes) | Management Advisory Services (1.2 CPE) | Intermediate | Prerequisites - None | No advance preparation

About the topic: 

This webinar will help to understand the fundamental requirements of the BSA/AML statutes and Money Laundering strategies and techniques.

Description:

Money laundering continues to be a national concern. High levels of drug-related activity and violence have drawn additional attention. Terrorist activities need to be considered as well. Perpetrators have adapted to banks’ efforts so banks cannot combat the money laundering with yesterday’s methods. Software is widely installed to identify specific patterns and “unusual” transactions. But the fraudsters know this and are constantly striving to create new patterns where their transactions are designed not to be flagged. Like in a game of chess, the advantage goes to the side that thinks the most moves ahead.

This webinar will provide valuable assistance to all personnel with AML responsibilities in banks or other financial institutions:

  • Compliance with regulatory requirements
  • Designing controls and compliance
  • Detecting money laundering attempts
  • Managing the Investigating of AML alerts
  • Analyzing controls improvement options
  • Understanding money launderers’ strategies and techniques

Areas we will be covering: 

  • The Bank Secrecy and USA PATRIOT Acts
  • Know Your Customer (KYC)
  • Currency Transaction Reports (CTRs)
  • Suspicious Activity Reports (SARs)
  • Steps are specifically required by the regulations
  • Analytic engines
  • AML and Fraud overlaps
  • Adaptation by perpetrators
  • False Positive Problem
  • The New Customer Due Diligence requirements

  1. Three covered entity types
  2. Customer legal entity
  3. Beneficial owners
  4. Controlling persons
  5. Exclusions

  • New Requirements

  1. Risk profiles
  2. Updating
  3. Baseline/normal transactions
  4. Transaction monitoring
  5. Money Laundering Strategies and Techniques

  • New Customer Due Diligence requirements


Audience that will benefit the most:

  • Compliance/Legal Departments
  • Operations
  • Frontline Personnel
  • Internal Audit Departments
  • Chief Compliance Officers
  • Compliance Officers
  • Operations Personnel
  • Frontline Personnel
  • Branch Managers
  • Fraud
  • Compliance and AML areas.
  • VP
  • Manager
  • Director
  • Supervisor levels

Instructor: 

Jim George is an independent consultant to banks focusing on issues of risk and compliance, AML, and fraud. He brings over 25 years as a consultant to major banks in associate partner and principal roles at PriceWaterhouse-Coopers Consulting, IBM Consulting in Bank Risk and Compliance, and Andersen Consulting (now Accenture).
He has also been SVP Operations for a major insurance company providing insurance outsourcing services to the banking industry.  Mr. George work has included projects in AML and fraud investigation, prevention, identity/KYC issues, and related systems. His background includes work in bank operations and payments strategy, systems, reengineering, and quality improvement


GRCTS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org 

Available Options

Live Meeting Access Single: Attend the Live Meeting Online from any location

$169

2 Single Live Access: 2 people can attend the meeting Live from any location

$279

Recording: 6 Months Access to the Training which can be accessed from any location

$249

CD-DVD: Shipped within 2 working days

$359

USB - Shipped within 2 working days

$389

Live + Recording: Attend Live Meeting Online + Access the recording for 6 months

$289

Live + CD: Attend Live Meeting Online + Get the training CD shipped for free

$389

Live + USB - Attend Live online + Get the training USB shipped for free

$409

5 Member Group: 5 people can Attend the Live Online Meeting from any location globally

$539

10 Member Group: 10 people can Attend the Live Online Meeting from any location globally

$839

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