Implementing an Effective BSA/ AML Program & Auditing It for Compliance

Course overview:

The Trump administration has signaled dramatic shifts in sanctions policy and anti-money laundering enforcement priorities: drug trafficking, China-related, Iran-related, etc. Financial institutions and compliance professionals should prepare for a regulatory environment that maintains enforcement vigor while redirecting its focus.

This session by a veteran internal auditor will discuss how the BSA/AML landscape will change in the coming days and identify key compliance factors financial institutions should consider as they adapt to this dynamic environment.

The webinar has been primarily designed for bankers, bank auditors, and forensic auditors who work with or are involved in developing or auditing compliance with the Bank Secrecy Act.

Learning objectives:

By the end of the webinar, attendees will be able to:

• Outline, briefly, the constituent parts of the BSA requiring bank compliance
• Define Money Laundering, common and legal identifiers, and Red Flags
• Identify Sources of Audit Evidence of IT Laundering
• Explain how the BSA covers evidence-gathering
• Internet and Cloud Laundering
• The steps involved in conducting an internal investigation
• Elements required to establish evidence of Laundering

Areas covered:

• Current BSA/AML landscape and areas of focus
• Stages of Money Laundering
• Four Pillars of BSA
• Customer Identification Program
• OFAC Checking
• Beneficial Ownership
• The two-prong test
• Customer Due Diligence
• Customer Risk Rating
• Filing Reports
• New policies and guidance including voluntary disclosures and reporting
• Learnings from violations, penalties, and remedial measures

Why should you attend?

Trump’s first term saw significant sanctions/AML penalties and we expect the same this term albeit with a refocus in terms of priorities

Compliance professionals and financial institutions should take steps to evaluate their preparedness in this new regulatory climate. The new 10-year statute of limitations for sanctions violations, combined with the 5 and 6-year statutes of limitations for criminal and civil AML violations, respectively, provide further reason to maintain vigilance in financial crimes compliance.

Who will benefit:

The webinar is aimed primarily at bankers, bank auditors, and forensic auditors who are working with or involved in developing or auditing compliance with the BSA:

• Internal Audit Professionals
• Chief Audit Executives
• IT Management Professionals
• Risk Officers & strategic management members
• Internal control professionals
• Forensic Auditors

About the instructor:

Richard E. Cascarino, MBA, CRMA, CIA, CISM, CFE, is well known in international auditing circles as one of the most knowledgeable practitioners in the field.

Richard is the Principal of Richard Cascarino & Associates, a highly successful audit training and consultancy company. He has worked extensively with banks across Africa, the USA, the Caribbean, the Middle East, and the Indian Ocean Isles.

He is a regular speaker at National and International conferences and has presented webinar series throughout Africa, Europe, the Middle East, and the USA.

Richard is a Past President of the Institute of Internal Auditors in South Africa, was the founding Regional Director of the Southern African Region of the IIA-Inc, and is a member of ISACA and the Association of Certified Fraud Examiners.

Richard was the chairman of the Audit and Risk Committee of the Department of Public Enterprises in South Africa and served as chairman of the Audit Committee of Gauteng cluster 2 (Premier's office, Shared Services and Health).

He is also a visiting Lecturer at the University of the Witwaters, and author of the book “Internal Auditing - an Integrated Approach”, 3rd edition Jan 2015, published by Juta Publishing. In addition, he is the author of the "Auditor's Guide to IT Auditing", “Corporate Fraud and Internal Control” and “Data Analytics for Internal Auditors”

Refund policy:

Attendees may cancel up to 48 hours before the webinar start time and the refund will be processed within two working days.

We will process/provide a refund if the webinar is canceled. Refunds will not be given to participants who do not show up for the webinar. On-demand recordings can be requested in exchange. Webinars may be canceled due to a lack of enrolment or unavoidable factors. Attendees will be notified 24 hours in advance if a cancellation occurs. Substitutions can happen anytime.

If the content covered in the webinar is unsatisfactory then a 100% refund will be issued; no questions will be asked.

If you have any concerns about the content of the webinar, please contact us at care@thecomplyguide.com