Finding Balance: Managing the Risks of Correspondent Banking 2019 | ACAMS | 16 October 2019 |
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| Event Date | Wed Oct 16 EDT (about 5 years ago) |
| Region | All |
Details
Correspondent banking is a vital link in global finance. However, navigating its murky waters is no easy task. For starters, regulators are encouraging financial inclusion, but financial inclusion is potentially quite risky. There are certain jurisdictions that are internationally recognized as having lax anti-money laundering standards, insufficient regulatory supervision, or present greater risk for corruption or terrorist financing. Meanwhile, financial institutions are expected to have a healthy risk appetite but also to keep an eye out for red flags, investigate them thoroughly, and make educated de-risking decisions based on those findings. Join this panel for practical guidance on overcoming the unique challenges posed by correspondent banking.
Learning Objectives:
• Examining specific market and respondent bank risks to create appropriate and individualized control environments that conform to institutional risk appetite and tolerance standards
• Reviewing case studies to detail practical management and staff training scenarios for scrutinizing and resolving relationship issues with respondent banks
• Recognizing motivations and interests of both business side and financial criminal compliance units to facilitate mutually beneficial resolution of conflicting incentives
Who Should Attend?
• BSA/AML Officers
• Compliance Personnel
• Legal Advisors
• Industry Consultants
• Onboarding Managers
Speakers
2019 Speakers
MODERATOR:
Imad Habre, CAMS-Audit, CAMS-FCI
Group Head of Internal Control – AML and Compliance Unit, IBL Bank S.A.L.
SPEAKERS:
Jason Chorlins, CPA, CFE, CAMS
Principal, Banking Practice Leader, Kaufman Rossin
Wissam Maroun, CAMS
Head of Compliance, BBAC Bank