understanding-aml-basics-compliance-and-current-issues

Understanding AML Basics, Compliance, and Current issues

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Live Webinar | CEU Approved

  • 60 minutes

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.

Join this session by expert speaker Jim George, where he will explain the Analytic engines, Compliance issues and includes the discussion about current issues and problem.

Session Highlights:

  • Requirements of the Bank Secrecy Act (and related areas of the USA PATRIOT Act)

  • Know Your Customer (KYC) requirements

  • Currency Transaction Reports (CTRs) requirements

  • Suspicious Activity Reports (SARs) requirements

  • New Customer Due Diligence requirements

  • Steps are specifically required by the regulations

  • AML and Fraud overlaps

  • Adaptation by perpetrators

  • False Positive Problem

Why You Should Attend:

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

Who Should Attend:

  • Officers in Banks

  • Brokers

  • Credit unions or other financial institutions

  • Those working in AML

  • Retail Compliance or Commercial Compliance at any management level.


Advanced Preparation: None

Program Level: Intermediate

Prerequisites: Basic knowledge of Bank Secrecy Act and Anti Money Laundering

Field of Study: Finance



*You may ask your Question directly to our expert during the Q&A session.

** You can buy On-Demand and view it as per your convenience.

Jim  George

Jim George

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, and IBM Consulting in Bank Risk and Compliance. Jim was the lead consultant to a major Federal Justice Department Taskforce investigating money laundering in Miami.

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Edupliance 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 website: www.nasbaregistry.org.

For more information regarding administrative policies such as complaint and refund, please contact our offices at 844- 810-1151.

PLEASE NOTE: To receive credit through the NASBA for this program you MUST attend the Live program in its entirety and complete the required progress checks.

Number of CPE Credits Awarded for This Course: 1.0 (Finance - 1.0)

Delivery Method: Group Internet Based

Want to attend in a Group? Call 844-810-1151 and Save upto 50%

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