The new FinCEN SAR and the current changes in the marketplace regarding AML and recognizing Red Flags for regulated businesses

1. Overview
Suspicious Activities Reports, Perceptions and
Reality in AML Investigations
Date: Wednesday February 8th, 2017, Time: 01:00 PM EDT | 10:00 AM PDT
Duration: 90 Minutes
Speaker: Armen Khachadourian
This webinar will discuss Suspicious Activities Reporting and examine Red Flags that
pose present and future challenges for regulated businesses. Recognizing and
investigating suspicious activities is the key in safeguarding an organization’s financial
system from illicit use and combating money laundering.
It would be prudent to ensure having an effective AML compliance program which is
tailor-made for the key risk factors within an organization. Timely and accurate reporting
will promote national security through the collection, analysis, and dissemination of
financial intelligence to the proper authorities. Organizations have suffered irreparable
reputational damage and have had to pay exorbitant regulatory fines in the millions for
failing to implement an effective BSA/AML program.
The Webinar will also discuss the current changes in the marketplace and expose the
new faces of AML and examine areas of Politically Exposed People (PEPs) regulation
that pose present and future challenges for regulated businesses.
Why should you attend?
At the heart of the Bank Secrecy Act (BSA) and the core of any good AntiMoney
Laundering (AML) program is the Suspicious Activity Report (SAR), which all financial
institutions - banks, credit unions, brokers, casinos, insurance companies, etc. - must file
when confronting questionable transactions. SARS are a crucial part of any kind of anti-
money laundering investigation.
However, SARS often are perceived by banks as a nuisance and it all starts with
confusion over what constitutes suspicious and exactly how much information is
necessary to include in the SAR. Add to that reporting deadlines, and mandatory reviews
and internal logs describing why you didn't complete a SAR, and then the frustration
reaches the erroneous perception that the SARS fall into this black hole after they leave
your desk.
Register Now

2. This webinar will discuss:
 Erroneous perceptions of SARs;
 Examples of effective SARs best practices in successful investigations;
 Bad habits to avoid when preparing SARs.
Areas covered in the webinar
In accordance with regulatory obligations, there are strict reporting procedures in place to
minimize the risk that could be used for money laundering purposes including:
 Where SAR and STRs fit within BSA/AML Compliance Management?
 SAR preparation and reporting
 SAR Perceptions and realities
 Best Practices in SAR reporting
 Knowing your customer (KYC)
 Beneficial Owners
 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
 Training staff to recognize suspicious transactions and to be aware of their
reporting obligations
Learning objective
 Provide guidance in recognizing, investigating and reporting suspicious activities
 Instructions on implementing and maintaining an enterprise wide compliance
program to safeguard the financial system from illicit use and combat money
laundering and promote national security through the collection, analysis, and
dissemination of financial intelligence to the regulatory authorities
 Best practices in SAR reporting and follow up activities which focus on
investigation, customer acceptance policy, identification procedures, ongoing
monitoring, recognizing red flags and risk management
 Creating risk profiles for all customers, based on low, medium and high categories
and using information derived from their identity, social/ financial status, nature of
business activity, information about each client’s business and their location
Who will benefit
 Compliance Managers & Officers
 Risk Managers and Officers
 Controllers
 Presidents/ Vice Presidents
 Managers/ Supervisors
 Independent Sales Organizations
 CFOs and Presidents of Payment Service Providers

3. Speaker profile
Armen Khachadourian is the Founder and President of Digital Payments Inc, a consulting
firm providing advisory services in the areas of merchant processing, BSA/AML Best
practices and guidelines, ISO/MSP formation, merchant portfolio and acquiring
acquisitions, prepaid and alternative payment products.
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.
He is also an experienced manager of technology solutions including development of
best practices, BSA/AML guidelines, 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.
For more information, contact support @complianceglobal.us