Event Summary:
The need for banks and other financial institutions to design their Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance program is paramount to mitigate financing risks and, most importantly, ensure conformity with the heightening BSA/AML regulations. Adopting a risk-based approach that focuses on detection and mitigation measures from potential illicit financial transactions is at the core to avoid hefty fines and legal liabilities. Moreover, banks and financial institutions must keep themselves abreast with emerging regulatory developments to avoid pitfalls.
Join seasoned forensic accountant Stanley Foodman, CPA, CAMS, CFE, CFF, CGMA, TEP (Foodman CPAs and Advisors) and financial crime expert Uday Gulvadi (Stout Risius Ross, LLC) as they delve into an in-depth discussion of the crucial issues and trends reinforcing BSA/AML compliance. The speakers will also share fresh insights and practical tips for developing effective and robust risk assessment and management programs.
Key topics that will be covered in this discussion are:
The BSA/AML Risk Assessment: An Overview
Notable Enforcement Trends
The Importance of a Risk-Based Approach in Identifying Risks
The Interplay of Risk Assessment and Customer Due Diligence (CDD)
Regulatory Outlook
Learning Objectives:
Understand the key principles and methodologies of conducting a comprehensive BSA/AML risk assessment.
Explore the interrelationship between risk assessment and customer due diligence (CDD) for enhanced compliance and effective anti-money laundering measures.
Gain insights into the emerging regulatory developments and enforcement trends in the BSA/AML landscape.
Speakers/Faculty Panel
Stanley Foodman
CEO & President
Foodman CPAs and Advisors
Uday Gulvadi
Managing Director
Stout Risius Ross, LLC
For an updated list of the faculty panel, please visit:
https://knowledgewebcasts.com/know-portfolio/bolstering-bsa-aml-compliance-cle/
About The Knowledge Group
Founded in November 2006, The Knowledge Group has been at the forefront of providing quality continuing education programs for lawyers, accountants, financial executives, risk and compliance specialists, human resources professionals, technology officers, and business consultants in a wide range of industries.
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Contact:
Therese Lumbao
Director, Member Services
The Knowledge Group, LLC
info ( @ ) theknowledgegroup dot org
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