Auditing Anti-Money Laundering (AML) Programs and Controls Webinar

• Understand the importance and sensitivity of BSA/ AML auditing activities and controls in organizations (with particular emphasis on financial/ depository institutions)
• Identify ways to impact and strengthen your organization’s (and their clients’) BSA/ AML programs and controls
• Highlight practical application considerations for building/ strengthening effective organizational BSA/ AML auditing programs.
• Recognize strategic opportunities for integrating AML and Operations controls and audit coverage related thereto

• What’s UP with FinCEN (Financial Crimes Enforcement Network)
• Federal Financial Institutions Examination Council (FFIEC) BSA/ AML Examination Manual Overview
• AML fines/ penalties/ enforcement actions and investigations
• A brief history in BSA time
• The foundational elements of effective BSA/ AML programs/ auditing programs
• Money laundering basics
• BSA/ AML risk assessment
• Customer Identification Programs (CIP)
• Know your customer / Customer Due Diligence (CDD)
• Enhanced Due Diligence (EDD) for high-risk customers
• Large currency transaction monitoring and reporting
• Suspicious activity monitoring and reporting
• OFAC (Office of Foreign Assets Control)
• Core controls and auditing areas
• Expanded controls / auditing areas
• “Red Flags” (for money laundering and terrorist financing)
• Effective AML and operations integration strategies