What You'll Learn
This webinar explores how financial institutions design and implement risk-based programs to detect and prevent money laundering, terrorist financing, and other illicit activities. The session emphasizes core components such as customer due diligence, transaction monitoring, internal controls, and regulatory reporting obligations. It also highlights the role of international standards, technology, and strong governance in managing AML risks effectively.
Learning Objectives
After completing the course, participants will be able to:
- Explain the key components of a risk-based AML program, including risk assessments, internal controls, and customer due diligence requirements.
- Identify when enhanced due diligence is necessary, how suspicious activity reports (SARs) are used, and the consequences of non-compliance.
- Recognize the influence of international standards like FATF recommendations and evaluate how technology supports effective AML risk management.
*This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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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