AML Risk Management

Banks and most financial institutions must have anti-money laundering (AML) programs to detect and prevent money laundering and terrorist financing. Reviewing every customer, account, product and service in depth often isn't feasible, so a risk-based approach shows where to focus. This 60-minute AML risk management webinar explains how to build one.

By basing decisions on higher-risk factors, institutions can address the biggest risks more efficiently, and a good program also better satisfies regulators.

You'll learn what AML risk management is and why regulators prefer it, which elements to consider, how to create a risk profile and matrix, how to use it in operations, how to evaluate effectiveness, and how the same principles help elsewhere in the business.

• Explain what AML risk management means
• Describe why regulators prefer a risk-based approach to AML
• Identify common AML risks
• Create and apply an AML risk management matrix in operations
• Evaluate the effectiveness of your AML risk management program
• Apply AML risk management principles in other areas of the business

• What AML risk management is
• Why AML risk management matters and why regulators prefer it
• Elements to consider when developing AML risk management
• Common AML risks
• Creating an AML risk profile and matrix
• Using AML risk management in operations
• Evaluating the effectiveness of AML risk management
• Applying AML risk management principles elsewhere in your organization

Anyone involved in AML compliance at a financial institution needs to know how to identify money laundering risks and manage a program that addresses them. This session covers those basics.

It suits bank compliance and AML officers, risk and compliance staff, and bank and other financial institution management.

• Bank compliance and AML officers
• Risk and compliance staff
• Bank and other financial institution management

Kenneth Barden is a seasoned Compliance and Regulatory Specialist.  He was trained as a lawyer and is admitted to the practice of law in the United States and abroad.  He is a certified Anti-Money Laundering Specialist and is COSO-certified. He has over 37 years of experience in both the public and private sector, including over 14 years overseas. He has been a contributing author to several books, articles and other publications relating to compliance issues.  He is a graduate of Indiana University School of Law, and has completed several post-graduate study programs.