1. COMPLIANCE ONLINE DATA SHEET
Suraj Jayaraman Senior Business Deveoplment, Compliance Online| T: (650) 284-1686 | F: 650-963-2530| E: suraj@complianceonline.com| A: 2600 E. Bayshore Road, Palo Alto, CA 94303
Topic Title Sanctions Screening/PEP Screening
Course Duration 90 minutes
Q&A Duration 5-10 minutes
Date Nov 3, 2015
Time 10am Pacific | 1pm Eastern
Sanctions Screening/PEP Screening
While anti-money laundering (AML) programs are among an institution’s most scrutinized risk management functions,
there is renewed regulatory emphasis on improved client screening, due diligence, monitoring, investigation and regulatory
filing practices in an effort to thwart attempts by senior politically exposed persons (PEPs), sanctioned individuals and
entities, and high-profile criminals that pose the greatest risk to an organization. This increased scrutiny has resulted in a
recent spike in the number of companies getting fined for sanctions breaches, which clearly indicates the need for banks to
re-evaluate their existing compliance programs to ensure that they provide maximum protection from increased regulatory
scrutiny and serious risk.
Two areas of significant interest are know your customer (KYC) procedures – which involve customer acceptance,
identification, and verification policies and the risk profiling of clients – and sanctions filtering, which involves filtering
customers and counterparties against government sanctions lists, suspected terrorists, narcotics traffickers, and designated
financial institutions and territories.
Why should you attend – The face of fraud has changed so has the movement of funds from cash to virtual and
digitized currency. Are you ready for it?
This Webinar will discuss the current changes in the marketplace and expose the new faces of AML and examine areas of
PEP regulation that pose present and future challenges for regulated businesses.
This webinar will also explore the operational implications of dealing with this heightened-risk category. In principle, there
is nothing wrong with doing business with a Politically Exposed Person, provided that a number of due diligence criteria are
met on an ongoing basis. What differentiates PEPs from other categories of financial clients is their position within a
country or similar public structure, or their association with a political officeholder. It is not that PEPs are predisposed to
committing financial crimes, but rather that their position, in relation to state funds and other ‘cookie jar’ opportunities,
significantly heightens the risk that they may do something corrupt, fraudulent or otherwise illegal. In addition, it is seldom
the primary officeholder that brings increased reputational risk; instead, it is with their associates, businesses partners and
potentially shadowy middlemen that the real risk lies. As such, it must be noted up-front that an effective PEP risk
mitigation solution should not merely provide a long list of officeholders’ names and positions – in order to identify risk
critically and methodically, it must also provide the identities of all those “exposed persons” that surround the PEP
Areas Covered in the Session: (Should have a minimum of 6 bullet points or more)
In accordance with regulatory obligations, there are strict procedures in place to minimize the risk that could be used for
money laundering purposes including:

2. COMPLIANCE ONLINE DATA SHEET
Suraj Jayaraman Senior Business Deveoplment, Compliance Online| T: (650) 284-1686 | F: 650-963-2530| E: suraj@complianceonline.com| A: 2600 E. Bayshore Road, Palo Alto, CA 94303
 BSA/AML Compliance Management
 Sanctions Screening / PEP Screening
 Knowing your customer (KYC)
 Proper identification of your clients and vendors
 How digitization has changed movement of money
 AML Compliance and Digital Currencies
 Monitoring, investigating and reporting suspicious transactions
 Adapting to regulatory changes and expectations
 Training staff to recognize suspicious transactions and to be aware of their reporting obligations
Who will benefit:
This webinar will provide valuable assistance to all personnel in:
 Compliance Managers & Officers
 Risk Managers and Officers
 Controllers
 Presidents / Vice Presidents
 Managers / Supervisors
 Independent Sales Organizations
 CFOs and Presidents of Payment Service providers
 Managers of Payment Service Providers
Target audience:
This webinar is targeted mainly to:
 Money Service Providers
 Fortune 500
 Small Businesses
 Merchant Acquirers
 Law enforcement Officers
 Human Resources Groups
 Financial Institutions
 Investment Firms
Instructor Profile: (bio of speaker)
Armen Khachadourian is the Founder and President of Digital Payments Inc, a consulting firm providing
advisory services in the areas of merchant processing, ISO/MSP formation, development of best practices,
BSA/AML guidelines, merchant portfolio and acquiring acquisitions, prepaid and alternative payment products
including decoupled debit. As a trusted partner with vision to understand his client’s future business he has helped
design and evaluate new products and services in today's changing marketplace. Offerings include:

3. COMPLIANCE ONLINE DATA SHEET
Suraj Jayaraman Senior Business Deveoplment, Compliance Online| T: (650) 284-1686 | F: 650-963-2530| E: suraj@complianceonline.com| A: 2600 E. Bayshore Road, Palo Alto, CA 94303
 Development of connectivity products for payment cards
 Digitization of Electronic Benefit Transfer and means tested programs
 Merchant card acceptance and capital funding solutions
 Cross border money transfer and bill payment services
 BSA/AML Best practices and guidelines
 Alternative payment products and services, prepaid & gift
Armen has also served in executive positions at several top ten financial institutions and helped them maximize
growth and revenues in today’s challenging electronic payments marketplace. As a Vice President of JPMorgan
Chase’s Prepaid Product in Treasury Services he was responsible for designing and launching prepaid cards in the
EU market. As a Senior Vice President at Visa USA, he expanded Card acceptance to new markets such as
supermarkets, recurring payments, Quick Service restaurants and Federal Government Agencies. Armen’s
expertise in card products extends to issuance of credit, debit, prepaid and commercial cards. He is also an
experienced manager of technology solutions including development of best practices, network policy, third-party
processor contract negotiation and problem resolution.
Armen earned a Bachelor of Arts degree in mathematics and a Master of Science degree in computer science
from the San Jose State University in California. He authored the “Basics of Data Communications” textbook and
lectured at College of San Mateo, CA. He was awarded an honorary teaching credential from State of California.
Armen is a member of the United States National Masters team; represented United States at four world
championships. He is an accomplished marathon runner and tri-athlete, having completed in seven Ironman
competitions.