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Correspondent Banking and the Associated AML Risks – 2020 Updates for Finan


OVERVIEW This webinar will discuss the background of correspondent banking, the positive things your institution can gain from conducting correspondent banking, and the many risks associated with having a correspondent banking line of business. We will discuss international laws and regulations, industry standards, and common business practices related to correspondent banking.
WHY SHOULD YOU ATTEND
This course will discuss the many issues related to KYC, CDD, risk rating, and the suspicious activity process as these relate to maintaining foreign correspondent relationships. In addition, the course will discuss the “de-risking” issue (a bank terminating a foreign correspondent relationship) and other current trends related to foreign correspondent banking.
AREAS COVERED
• Risks related to foreign correspondent banking
• Correspondent Banking US regulations
• Responsibilities of the correspondent and respondent bank
• KYC, CDD/EDD and the suspicious activity process
LEARNING OBJECTIVES
After attending this webinar, you will have a much better understanding of the risks associated with having correspondent banking as a business line for your institution.
You will gain an appreciation for why you might want to conduct correspondent banking, the money-laundering risks you might be exposed to, advantages of correspondent banking, correspondent banking relationships, and some mitigating practices you may want to adopt to prevent your institution from being fined or sanctioned for unlawful practices.
WHO WILL BENEFIT
• BSA/AML Officers
• Risk Managers
• BSA/AML Auditors
• Bank staff with on-boarding responsibilities
• Bank staff with suspicious activity program responsibilities
• Compliance Officers
• BSA.AML Analysts
Use Promo Code MDTD20 and get flat 20% discount on all purchases.
To Register (or) for more details please click on this below link:
https://bit.ly/2RLCbh1
Email: [email protected]
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882

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