Anti-Money Laundering (AML) 3-Part Bootcamp: Fundamentals, Risk Management, and Training on Red Flags
Monday, Tuesday & Wednesday, April 8, 9 &10, 2024
All Sessions 2:00 – 3:00 pm (Eastern Time)
This webinar will cover the background and definition of AML, go over the different ways financial institutions need to stay compliant, and also red flags that occur in everyday life.
SESSION 1: AML Fundamentals: Overview
Monday, April 8, 2024
2:00 – 3:00 pm (Eastern Time)
Money laundering is a global problem. It has changed throughout the years, but criminals still must find a means to clean the money. This involves a process with three different phases that conceal the audit trail and then make the money clean for use. The dirty money comes from different criminal sources including drug sales, theft, organized crime activities, embezzlement, bribery, and corruption.
Anti-money-laundering laws and regulations target criminal activities including market manipulation, trade in illegal goods, corruption of public funds, and tax evasion, as well as the methods that are used to conceal these crimes and the money derived from them. It's up to financial institutions to monitor their customers' deposits and other transactions to ensure they aren't part of a money-laundering scheme.
During this webinar, we will go over the background and definition of AML, understand the different ways financial institutions need to stay compliant, and also, red flags that occur in everyday life.
SESSION 2: AML Risk Management
Tuesday, April 9, 2024
2:00 – 3:00 pm (Eastern Time)
SESSION 3: AML Training on Red Flags
Wednesday, April 10, 2024
2:00 – 3:00 pm (Eastern Time)
When it comes to AML, there are a lot of different components. For staff it's really important to not only know how the rules impact their role and keep up to date on current regulations. In this webinar, we will discuss the background of AML, recent changes, and also the types of red flags you may encounter during your day to day roles
Due to an evolving climate with AML regulations, you need stay abreast of changes and the impact it has to you, especially in a financial services industry where crime is rampant due to AML related activities. We will explore the recent changes, red flags and discuss the background for those who are not familiar with the topic.
Instructor
Justin Muscolino
JTM Compliance Training, Inc., Founder/Consultant
Justin is an expert in Compliance Training providing years of successful implementation of educational solutions for regulatory compliance initiatives designed to decrease risk and provide a robust compliance culture to an organization. Justin also effectively facilitates training from the board level to the rest of the organization and creates awareness using creative methods to capture an audience's attention and enhance their retention of knowledge, while simultaneously operating a compliance training company, Tweezzle and consulting assignments while ensuring satisfied clients and increased revenue. Justin delivers continued guidance, assistance, coordination and follow up on complex problems to ensure prompt and timely resolutions. Justin specializes in content creation and facilitation for various regulatory bodies and governmental agencies such as: CFPB, FDIC, FINRA, FinCen, Nacha, NCUA, NFA, OCC & SEC and Regulatory topics such as AML/BSA/OFAC, cryptocurrencies, deposits, examinations, lending and privacy.
Attendance verification for CE credits provided upon request.
Webinar Sponsored by BankersHUB
If you are having issues with registering online, please contact CBAO's Education, Training & Special Event Coordinator, Malia Widder, (614) 610-1877.
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