What You'll Learn
This webinar provides an overview of Anti-Money Laundering (AML) requirements and the importance of effective compliance programs in financial institutions. It explains the three stages of money laundering, while also highlighting customer due diligence, sanctions compliance, and suspicious activity monitoring. This webinar emphasizes practical strategies for identifying high-risk customers, meeting regulatory obligations, and protecting organizations from financial crime.
Learning Objectives
After attending this course, learners will be able to:
- Understand the key elements of an AML compliance program, including the five pillars and regulatory expectations.
- Identify and explain the three stages of money laundering, along with red flags that may indicate suspicious activity.
- Recognize the role of customer due diligence, enhanced due diligence, and sanctions compliance in managing AML risk.
About the Author:
Sharon Blanchette is a risk, compliance, and anti-financial crimes (AFC) subject matter expert who has enjoyed a long career working with banks, credit unions, fintechs, mortgage companies/servicers, and the vendors who support them.
Sharon's specialties include building and enhancing compliance and AFC programs, assisting institutions during mergers and acquisitions, serving as a temporary outsourced compliance or AFC officer, managing lookbacks, and breaking down complex regulations and requirements into effective training materials.
Sharon is a Certified Public Accountant, a Certified Internal Auditor, a Certified Anti-Money Laundering Specialist, and holds the Consumer Regulatory Compliance Manager certification. In early 2021 she obtained a crypto currency certification and a cannabis risk management certification. She serves on the Board of the Virginia Chapter of ACAMS. She enjoys publishing articles and speaking on industry topics.
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