The webinar will cover an overview of what a risk-based approach to AML compliance means. It will specifically address the need for a strong customer risk assessment (Know Your Customer), monitoring of transactions, monitoring and reviews of business relationships on an ongoing basis and the need for awareness of higher risk factors with business customers. Learn about the concept of de-risking with respect to business portfolios and some of the challenges that come with a risk-based approach.
Why should you attend?
Regulatory scrutiny on AML compliance is more pronounced than ever and regulators are looking for institutions to take a risk-based approach. Lack of proper oversight with respect to AML can lead to serious consequences — reputation damage, fines, changes in business practices, inability to pursue new lines of business, etc. Not taking a risk-based approach could lead to missed revenue opportunities. Attending this webinar will provide participants with tools to ensure they take a proper risk-based approach to AML compliance to meet regulatory requirements and protect their portfolios.
What you will learn:
- Definition of a risk-based approach
- The value of developing a risk-based approach for AML
- Best practices for Know Your Customer (KYC) and transaction monitoring
- What de-risking is and how to avoid it
If you have any questions or would like to learn more, email firstname.lastname@example.org.