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ACAMS Free Content Channel

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  • APAC Focus: Adapting to Rapidly-Developing FinTech and RegTech Sectors
    APAC Focus: Adapting to Rapidly-Developing FinTech and RegTech Sectors Moderator: Scott Grob | Speakers: Praveen Jain and Maria Gaitanidou Recorded: Jun 8 2018 61 mins
    FinTech and RegTech sectors throughout the APAC region are providing financial institutions with new and improved banking, payment and financing options. As a result, financial institutions have made technological innovation a priority with an eye to improving and expanding their product and service offerings without compromising compliance efforts. Our panel of experts will examine FinTech and RegTech developments throughout the APAC region, as well as practical approaches to undertake effective customer due diligence around FinTech products using emerging technology.

    Learning Objectives
    •Creating risk profiles and identifying the unique risks of FinTech to ensure onboarding screening models are effective
    •Reviewing specific KYC/CDD challenges, including transaction monitoring, sanctions screening, fraud detection and other AML issues as they relate to technological innovation
    •Closely monitoring shifts in the regulation of FinTech products, with an eye to harnessing innovations in RegTech to maintain a robust compliance program
  • Manage the Risk of Politically Exposed Persons (PEPs) (in Mandarin)
    Manage the Risk of Politically Exposed Persons (PEPs) (in Mandarin) Moderator 主持人: 许胧方 (CAMS-FCI) | Joyce Hsu, CAMS-FCI | Speakers 讲者: Matthew Ho, CAMS and Michael Lin, CAMS Recorded: May 25 2018 65 mins
    According to Anti-Money Laundering (AML) and Anti-Corruption regulations, financial institutions must take reasonable measures to determine whether an individual is a Politically Exposed Person (PEP). By placing PEPs into a higher risk model for Enhanced Due Diligence, organizations can protect themselves from being used by money launderers and other harmful activities. But not all PEPs present the same level of risk, it will vary depending on the country of jurisdiction, industry or sector etc.

    根据反洗钱和反腐败要求,金融机构必须采取合理措施,确定个人是否是政治公众人物 (PEP)。藉由将 PEPs 置于较高的风险模型中,辅以加强尽职调查,机构可以保护自己不被洗钱者和其他有害活动所使用。但并非所有 PEPs 都存在相同的风险水平,它将因司法管辖权、行业或单位的不同等而有所差异。

    Learning Objectives 学习目标
    How regulations are changing
    Factors contributing to PEP risk – which PEPs may be riskier than others
    PEP regime
    Best practices for optimizing screening and monitoring
  • Operate Globally and Execute Locally – Simplifying Watch List Management
    Operate Globally and Execute Locally – Simplifying Watch List Management Jim Burnick and Sridhar Govindarajan Recorded: May 3 2018 62 mins
    The right combination of management structure with leading edge technology can streamline your global watch list management, reducing noise in your screening process.
    Managing any global data process can be challenging – managing the variety of lists employed in your screening process is no exception. Whether you’re a large multi-national with lists spanning numerous countries or a financial institution (FI) trying to organize a set of lists in one region—the complexities of watch list management can add significant costs and inefficiency that overwhelm your staff and systems.
    Many financial institutions struggle with ad hoc management of a decentralized process. For example, local branches have relationships with local vendors and often create local lists, leading to substantial variability and duplication across the enterprise. This duplication creates regulatory risk as there is no clear view of what is being screened across the organization to show to auditors. Beyond the regulatory risk, the data inconsistencies can be a root cause of false positives due to imprecise matching.
    Join the experts at Pitney Bowes to learn about best practices and innovative approaches to watch list management that will help standardize program management and improve overall data quality to drive better outcomes of your Sanctions Screening and Watch List Filtering processes.

    Learning Objectives
    •Alleviating various pitfalls and challenges FIs face in watch list management
    •Reviewing best practice approaches and technologies to improve watch list management
    •Understanding quantifiable benefits you can achieve through better watch list data quality
  • MENA Regulatory Update: FATF Mutual Evaluations, Ongoing Compliance Expectations
    MENA Regulatory Update: FATF Mutual Evaluations, Ongoing Compliance Expectations Moderator: Imad Habre | Speakers: Shawki Ahwash and Liat Shetret Recorded: Apr 30 2018 68 mins
    Keeping up with regulatory changes as well as the ever-growing sophistication of money launderers and funders of terrorism is critical for financial institutions everywhere, no less in the Middle East and North Africa region. This webinar previews changes arising out of recent developments in the region with an emphasis on presenting concrete strategies for retooling existing compliance infrastructure and beefing up current compliance functions that are required to meet evolving regulatory expectations.

    Learning Objectives
    •Identifying MENA regulatory initiatives, directives and trends to proactively develop and implement strategies for compliance and mitigating financial crime
    •Examining how precious metals and stones from West Africa, especially diamonds, are used to launder the proceeds of crime
    •Reviewing FATF’s Mutual Evaluations findings and recommendations to identify your financial institution’s risks and how they can be addressed while meeting the needs of business lines
  • 8 Current Challenges in Financial Crime and How to Manage Them
    8 Current Challenges in Financial Crime and How to Manage Them Claude Baksh and Andrew Davies Recorded: Apr 26 2018 66 mins
    The financial crime ecosystem continues to evolve at record pace, and while new technologies and new channels increase opportunities for engagement, they also bring new opportunities for crime. At the same time, customer expectations for real-time, Omni-channel engagement continue to rise. Financial institutions have to improve their approach, not only to protect themselves from risk, but also to provide their customers with fast, safe and reliable services that fit with the pace of their lives.

    We will discuss challenges and trends in the market, strategic considerations for managing these challenges, and how key technologies and best practices can be combine to improve your approach to mitigation.

    Learning Objectives
    •Exploring drivers and trends in the AML marketplace, including challenges with KYC, Trade Based Money Laundering, Artificial Intelligence, Machine Learning, human trafficking and more
    •Key strategic considerations for balancing financial crime challenges
    •Understanding how to balance customer experience and risk management in the new world of money laundering
  • Cause and Impact: Inefficiencies in KYC and Sanctions Remediation
    Cause and Impact: Inefficiencies in KYC and Sanctions Remediation Michael Harris and James Leake Recorded: Mar 22 2018 63 mins
    Is 24 hours too long for customers to wait? Are lengthy Know Your Customer (KYC) & Sanctions remediation processes having a negative effect on the customer experience? What are the causes of inefficient remediation processes? Is financial crime exposure being increased by the poor remediation of alerts?

    This webinar delivers the views of over 150 financial services professionals as conveyed in KYC & Sanctions Remediation: The Cost of Inefficiency. Find out the challenges your peers face when conducting Know Your Customer (KYC) and Sanctions remediation, and discover potential opportunities to improve outcomes.

    Learning Objectives
    •Gaining the perspective of leading professionals from a variety of financial institutions on the challenges they have with regard to KYC & Sanctions remediation
    •Understanding the impact that differing team structures have on KYC & Sanctions remediation efficiency
    •Evaluating the underlying causes of inefficiencies in remediation processes, and the subsequent business impacts such inefficiencies create
    •Considering methods which can be applied to help overcome process inefficiencies, improve the customer experience and drive better outcomes
  • Starting and Navigating the CAMS Certification
    Starting and Navigating the CAMS Certification Jose Lewis Recorded: Mar 21 2018 62 mins
    Curious about earning the CAMS designation? Not sure where to start? Confused about the certification process? This webinar was made especially for you! We understand that you may have many questions about becoming CAMS certified and we are here to answer them. This webinar will provide you with an in-depth look at the process becoming CAMS certified and help you navigate your way to success.
  • Learning from Recent Enforcement Actions (in Mandarin)
    Learning from Recent Enforcement Actions (in Mandarin) Moderator: Joyce Hsu, CAMS-FCI | 许胧方 Speakers: Dr. Dan Chan, CAMS | 詹德恩 and QIN Ying, CAMS | 秦莹 Recorded: Mar 16 2018 75 mins
    Through interpreting enforcement actions to understand the requirements of regulatory and international standards, re-examining the organization’s anti-money-laundering framework, and identifying risks. In this webinar, experts will demonstrate how to test the current program and identify risks with recent enforcement actions, in order to maintain and revise anti-money-laundering related policies, procedures, and controls.


    Learning objectives include 学习目标:
    Interpreting recent enforcement actions
    Understanding international standards and regulatory requirements from law enforcement actions
    Identify risks from enforcement actions
  • APAC Focus: Building a Collaborative Approach between Public and Private Sectors
    APAC Focus: Building a Collaborative Approach between Public and Private Sectors Moderator: Scott Grob | Speakers: David James and Glenn O’Neill Recorded: Mar 9 2018 62 mins
    Identifying and addressing financial crimes, including those associated with human trafficking, narcotics, terrorist financing and fraud, requires collaboration. Successful public-private partnerships enhance investigation outcomes by allowing both sectors to share the latest trends in financial crime. This webinar will look at joint investigations and offer insights on how banks can provide assistance to law enforcement in the fight against financial crime. Our panelists will also provide strategies for conducting a joint post-investigation review to determine best practices for future collaborative efforts.

    Learning Objectives
    •Detailing recent APAC initiatives in public-private partnerships such as the Fraud and Money Laundering Intelligence Taskforce (FMLIT) in Hong Kong and the Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership (ACIP) in Singapore
    •Incorporating practical collaboration strategies to better detect, deter and defend APAC financial institutions against financial crimes
    •Detailing APAC legal obligations and the limitations of public-private collaboration to prevent missteps
  • Recent FinCEN Updates to SAR Requirements
    Recent FinCEN Updates to SAR Requirements Meghan Palanza and Gerrit Boele Recorded: Mar 6 2018 61 mins
    This June, the FinCEN Suspicious Activity Report (SAR) filing format, which is available on the BSA E-Filing System, will be updated in order to adhere to the changes defined in the Federal Register notice posted in February 2017. During this webinar, notable changes regarding the new SAR requirements will be discussed such as the requirement for batch submissions to be made in an XML-based file, rather than the current ASCII fixed-length delimited file format.

    Learning Objectives
    •Review important deadlines and timeframes pertaining to the upcoming FinCEN updates
    •Understand what’s new for SAR requirements, including subtype selections
    •Discuss cyber elements, including a new “Cyber Event” suspicious activity type category
    •Assess how the FinCEN updates to SAR requirements impact financial institutions

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