1. Effective and Practical Controls For Solid AML Division
This training on anti-money laundering compliance will explain the concept of an AML unit. It
will examine some of the banking industry’s more notable compliance failures and the reasons
for these failures and how to prevent such events in the future.
In the current regulatory environment, there are so many functions and responsibilities that an
AML Officer has to undertake along with the rest of the compliance department staff and
resources. AML Officers generally have to wear different hats: technology, legal, operational,
investigator, business manager and agent between audit and/or government examiners. It is
very plausible that not all of us can wear all these hats at one time and thus not all of our
controls in place are 100% impenetrable. Furthermore, since we are so involved with all of
these tasks on a daily basis, it is very easy to overlook concepts and controls that are not 100%
effective. How do we take a step back and analyze this with a fresh set of eyes? How do we set
controls in place that do not restrict the growth of business while preventing criminal activity?
The goal of this webinar is to break down the functions of an AML unit into practical terms and
understand the underlying concepts. It will review and identify issues seen in previous failing
institutions and develop a roadmap that can help prevent such issues cropping up in other
institutions. This webinar will take an in-depth look at how to juggle all of the responsibilities
along with making your division a solid and proactive unit. All too often it is seen that the
overwhelming responsibilities of an AML unit are the cause for cracks and holes in processes.
This course will examine those points and provide a practical and clear approach to AML
Architecture. Sharpen your skills as an AML Officer and ensure that you are covering and
protecting your institution as much as possible. Learn to use your resources to the fullest and
fine-tune systems and reports.
Areas Covered in the Webinar:
What is the concept of an AML Unit?
How to approach Risk Based Prevention
Systems vs. Manual controls
Pros and Cons
Costs and risk assessment
Defining how bank sold products alter your AML program
Effective risk assessments, audit reviews and the interpretation of each
Board involvement and reporting processes
Unit development;
Further education for employees and unit members
AML Architecture and design

2. Effective Flow Charts
Size vs. effectiveness
Unit functions and methods for being proactive
Banking case studies
Who Will Benefit:
Compliance Officers
Risk Officers
Internal Auditors
Operational Risk Managers
Board of Director Members
Third party consultants
For more details visit us at:
http://www.complianceonline.com/ecommerce/control/trainingFocu
s/~product_id=703122?channel=Doc_organic