OnCourse Learning is making available a new webinar titled “AML Governance: Who Needs to Know What?” The webinar addresses one of the major concerns facing the financial services industry today.
Elliot Berman of Bowtie Advisors, a nationally recognized expert on money laundering and the webinar presenter, discusses why an understanding of AML compliance is vital to reducing risk as well as staying abreast of regulatory requirements.
The webinar takes a look at some of the regulatory requirements and expectations of financial institutions in the AML arena, including the responsibilities of the board of directors in approving and overseeing an effective Anti-Money Laundering/Bank Secrecy Act program.
The webinar highlights the importance for financial institutions to have strong governance structures in place to create effective AML policies and procedures, ensure accurate reporting of potential risks, and establish strong AML compliance training and testing for all employees. It also discusses different types of governance structures based on the size, complexity and risk profile of the organization.
Other topics covered in the webinar include:
• The role of risk assessments in AML compliance;
• Key risk indicators to identify and respond to potential threats;
• Lines of defense against money laundering; and
• Responsibilities of executive management and the board of directors in governing an AML/BSA program that is supported by effective reporting.
OnCourse Learning delivers licensure, regulatory and compliance education solutions and training to the financial services, healthcare and real estate industries.The webinar is one of several that OnCourse Learning will host throughout 2017 on different topics affecting the financial services industry.
To view the webinar, click here.