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True Cost of AML Compliance – Results of 2017 Study

This webinar will detail the results of a recent LexisNexis Risk Solutions survey to discover the true cost of AML compliance. The study, conducted in Europe, surveyed decision makers within the financial crime function who oversee KYC remediation, sanctions monitoring and AML transaction monitoring.

Learning Objectives
•Identifying the drivers and influencers impacting AML compliance
•Understanding spending trends for AML compliance
•Learning about the role of technology
Recorded Oct 10 2017 61 mins
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Presented by
Chrisol Correia and Victoria Meyer
Presentation preview: True Cost of AML Compliance – Results of 2017 Study

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  • MENA Regulatory Update: FATF Mutual Evaluations, Ongoing Compliance Expectations Apr 30 2018 3:00 pm UTC 75 mins
    Moderator: Imad Habre | Speakers: Shawki Ahwash and Liat Shetret
    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
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    Claude Baksh
    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 Recorded: Mar 22 2018 63 mins
    Michael Harris and James Leake
    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
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  • Learning from Recent Enforcement Actions (in Mandarin) Recorded: Mar 16 2018 75 mins
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    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
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    Moderator: Scott Grob | Speakers: David James and Glenn O’Neill
    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 Recorded: Mar 6 2018 61 mins
    Meghan Palanza and Gerrit Boele
    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
  • Riesgos y Oportunidades de FinTech y otros Negocios Financieros Emergentes Recorded: Feb 23 2018 62 mins
    Moderador: Fernando Di Pasquale | Oradores: Martin Kopacz, CAMS and Perla Stoeckert, CAMS
    Latinoamérica se está convirtiendo rápidamente en centro de interés para el surgimiento de negocios innovadores tales como las empresas que utilizan tecnología financiera, más comúnmente conocidas como empresas FinTech. Este hecho implica que ya no se trata solamente de realizar la Debida Diligencia del Cliente (DDC), sino que también es necesario entender y evaluar el perfil de riesgo asociado al mismo. Asista a este seminario por internet donde profesionales y expertos compartirán las mejores prácticas para aplicar una DDC efectiva en el emergente mundo de las empresas FinTech.

    Objetivos de la Capacitación:

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    •Implementar modelos de riesgos ALD específicos para quienes utilicen tecnología financiera en sus negocios
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    •Examine the different facets of identity
    •Reexamine the rules of the road for transaction risk management in lieu of ongoing data breaches
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    •Leveraging real-time screening and rescreening to enhance AML compliance and add business value
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    Speakers: Crispus Larche and Julius Sasvari
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    Moderator: Samantha Sheen | Speakers: Dr Frédéric Massé, Jean Claude Michelou and Trisevgeni Stavropoulos
    Due to characteristics including high value, portable, virtually untraceable and odourless commodities, precious metals and stones are often exposed to elevated levels of money laundering risks. Money launderers and terrorist financers are drawn to precious metals and stones—especially diamonds since they are often highly valuable relative to their weight and also have a relatively stable price. During this informative webinar, our experts will explore initiatives undertaken by an organisation involved with one of the largest diamond dealer communities in Europe to raise awareness and bolster measures that can be taken to prevent the misuse of these products.

    Learning Objectives:
    •Raising awareness about how precious metals and stones are used to launder proceeds of crime
    •Analysing current typologies involving the use of precious metals and stones to move proceeds of crime and conceal its detection
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    As AML experts have long observed, compliance at any financial organization is everyone’s responsibility. An effective method of reaching that achievement is creating a strong institutional culture of compliance – with support of everyone from senior management to front-line workers. In this webinar, experts detail the fundamental building blocks of a culture of compliance, and provide practical strategies for creating, implementing and maintaining that culture.


    Learning objectives include 学习目标:
    Gaining senior management backing to establish a culture of compliance as an institutional priority
    Integrating compliance culture concepts into risk assessment models to measure whether operational changes are needed
    将合规文化概念纳入风险评估模型, 以衡量是否需要进行操作更改
    Incentivizing ethical behavior by measuring it in performance reviews
  • ACAMS Moneylaundering.com Year-End Compliance Review and 2018 Outlook Recorded: Dec 13 2017 132 mins
    Moderator: Kieran Beer | Speakers: Colby Adams, Dan Bethencourt, John Byrne, Megan Hodge, Valentina Pasquali and Rick Small
    Keeping up with major enforcement actions, compliance trends and regulatory developments is always a challenge for compliance professionals. Join this panel of experts as they review and assess the most important developments in the United States and globally in 2017 as covered by ACAMS moneylaundering.com. In addition, in preparation for 2018, panelists will share what they think will be the most urgent issues facing the compliance community in the New Year.
  • Lessons Learned From Recent High-Profile Bribery and Corruption Investigations Recorded: Dec 8 2017 64 mins
    Moderator: Hue Dang | Speakers: David Cope, William Scott Grob and Rosalind Lazar
    A key component of an organization’s compliance strategy is the implementation of a robust anti-bribery and corruption program. Due to record-high enforcement actions and recent high-profile investigations involving APAC and global financial institutions, it is imperative that compliance programs enhance current policies and procedures including performing due diligence, knowing your customer and implementing ongoing monitoring procedures. During this webinar, panelists will review lessons learned from recent high-profile investigations and provide practical guidance to identify, address and contain instances of bribery and corruption.

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    •Reviewing recent high profile APAC and global bribery and corruption investigations to discern practical AML lessons
    •Leveraging internal control policies and procedures to support anti-bribery functions including using a client’s past transaction monitoring data and alerts when updating an anti-corruption risk assessment
    •Charting bribery and corruption typologies to spots and investigate transactional red flags
  • Protecting the Integrity, Veracity and Lineage of your Data Recorded: Nov 17 2017 61 mins
    Speaker: Andrew Davies
    Anti-money laundering (AML) detection continues to evolve at a record pace. While new technologies increase opportunities for risk detection, they also bring new challenges. Ingesting clean data into your money laundering detection system and maintaining the integrity of that data are the key to improving detection accuracy and ensuring operational efficiency. Hygienic data will also allow organizations to adopt new AML detection capabilities with more speed now and in the future.

    Learning Objectives:
    •Understanding how to accurately ingest date for optimal data integrity and lineage
    •Creating a robust and flexible data integration architecture
    •Processing guidelines in order to maintain data veracity
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  • True Cost of AML Compliance – Results of 2017 Study Recorded: Oct 10 2017 61 mins
    Chrisol Correia and Victoria Meyer
    This webinar will detail the results of a recent LexisNexis Risk Solutions survey to discover the true cost of AML compliance. The study, conducted in Europe, surveyed decision makers within the financial crime function who oversee KYC remediation, sanctions monitoring and AML transaction monitoring.

    Learning Objectives
    •Identifying the drivers and influencers impacting AML compliance
    •Understanding spending trends for AML compliance
    •Learning about the role of technology
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    In this insightful session, Chris Swecker, former FBI Assistant Director and Brendan Brothers, Co-founder of Verafin, review the shortcomings of BSA/AML/CTF programs, which currently focus primarily on regulatory compliance and discuss a more effective means to investigate suspicious activity and the related flow of illicit proceeds.

    Learning Objectives
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    •Learn how financial institutions can adopt innovative technologies and practices to make a greater impact on fighting financial crime
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    Review of recent Regulatory and Industry Trends and their impact on sanctions programs
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    Ensuring your compliance program effectively monitors your customers’ customers
    Building a sustainable sanctions program and handling of ongoing sanctions changes
Quality AML/CTF Training from the Comfort of your Office
ACAMS web seminars provide a convenient method to meet training requirements and stay on top of AML trends, sanctions updates and regulatory changes, plus ask questions of industry experts.

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  • Title: True Cost of AML Compliance – Results of 2017 Study
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  • Presented by: Chrisol Correia and Victoria Meyer
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