For further details, please visit:
https://knowledgewebcasts.com/know-portfolio/bolstering-bsa-aml-compliance-cle/
About Uday Gulvadi
Uday Gulvadi is a Managing Director in the Disputes, Claims, & Investigations group. He is a financial crimes, internal audit, and risk advisory expert with over 20 years of experience in internal audit, risk management, compliance, anti-money laundering (AML), and financial crimes compliance.
Mr. Gulvadi brings extensive international business experience successfully leading and delivering projects with international clients in the U.S., Europe, and Asia. He has held Partner and Director positions within the internal audit and risk management practices at leading national and regional accounting and advisory firms. He brings considerable global expertise as a business and practice leader with responsibilities for: client relationship management; new product/service development, marketing, branding, and positioning of professional advisory services; building and mentoring a team of professionals; service quality enhancements; knowledge management; and innovation. Mr. Gulvadi specializes in advising boards, audit committees, and senior management on their most challenging financial crimes compliance, governance, and risk and compliance matters, including enterprise risk management, AML and sanctions program governance, model validations, risk-based internal audits, information technology, and cybersecurity audit and controls.
Mr. Gulvadis clients have ranged from some of the worlds largest banks and financial institutions to smaller financial services companies. He is an industry-recognized leader and Board member and Immediate Past President of the Institute of Internal Auditors, New York.
About Stout Risius Ross, LLC
Stout is a global investment bank and advisory firm specializing in corporate finance, accounting and transaction advisory, valuation, financial disputes, claims, and investigations. We serve a range of clients, from public corporations to privately held companies in numerous industries. Our clients and their advisors rely on our premier expertise, deep industry knowledge, and unparalleled responsiveness on complex matters.
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.
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.
The Knowledge Group strives to be the best-in-class provider of continuing education by bringing forth relevant content you cant get anywhere else.
Contact:
Therese Lumbao
Director, Member Services
The Knowledge Group, LLC
info ( @ ) theknowledgegroup dot org
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