Monitoring High Risk Transactions
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| Description: | This BSA/AML (Bank Secrecy Act/ Anti Money Laundering) compliance training will help attendees understand, identify and mitigate the risks associated with high risk transactions. Why Should You Attend: An effective BSA/AML compliance program controls risks associated with the institution’s products, services, customers, entities, and geographic locations; therefore, en effective risk assessment should be an ongoing process, not a one-time exercise. Monitoring your risks includes monitoring your transactions, especially your high risk transactions. Per the FFIEC Manual: The development of the BSA/AML risk assessment generally involves two steps: first, identify the specific risk categories (i.e., products, services, customers, entities, transactions, and geographic locations) unique to the institution: and second, conduct a more detailed analysis of the data identified to better assess the risk within these categories. Several examples of a system of internal controls will help you document your monitoring program. Areas Covered in the Webinar: - Resources. - Accessing the data: What are the obstacles? Core system, teller system, BSA monitoring program, etc. - How did the activity occur? In person, telephone, internet, wire, ATM, or ACH. - Sample risk assessment for products and services. - Systems of internal controls. - Managing Non Resident Aliens. - Documenting and Monitoring a Cash In and Cash Out Report. |
| URL: | http://www.complianceonline.com/ecommerce/control/trainingFocus/~product_id=703001?channel=telesemin |
| Date: | Tuesday, August 13, 2013 |
| Time: | 2:00pm-3:00pm UTC |
| Duration: | 1 hour |
| Access: | Public |
| Category: | Webinar*, Finance* |
| Created by: | Public Access |
| Updated: | Thursday, August 1, 2013 12:00pm UTC |
| : | $149 |
| : | +1-650-620-3915 |
| : | referral@complianceonline.com |
| : | Referral |
| : | +1-650-620-3915 |
| Comments: | None |