Large Bank Supervision On-Demand Training

sanctions. 2023 FFIEC Advanced Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Specialists Conference. 1 Hour Human trafficking produces billions of dollars in profits worldwide. Learn how financial institutions can mitigate their risk of being exploited by the transnational criminal organizations that profit from these activities. 2023 FFIEC Advanced Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Specialists Conference. 45 Minutes Mr. Kenneth Blanco provided an industry overview from the perspective of a former regulator and current CCO for Citibank. He provided an overview, discussion on the AML Act, primary issues and risks, innovation and technology, and key considerations and takeaways. 2023 FFIEC Advanced Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Specialists Conference. 1 Hour A panel of federal banking agencies and state regulators provided an overview of the risk-based approach to assessing customer relationships, recognizing that it is important for customers engaged in lawful activities to have access to financial services. This session included time for Q&A, while reinforcing a longstanding position that no customer type presents a single level of uniform risk, or a particular risk profile related to money laundering, terrorist financing, or other illicit financial activity. 2023 FFIEC Advanced Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Specialists Conference. 1 Hour This session focused on the examination aspect of the risk-focused approach, providing insight and discussing examples related to a risk-focused AML/CFT examination. 2023 FFIEC Advanced Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Specialists Conference. 1.25 Hours This presentation outlined the use of shell companies to facilitate financial-based fraud and included case examples. Additional information was provided on items to look for in attempting to identify shell companies. 2023 Financial Crimes Seminar. 1 Hour A discussion on the recent Interagency Third-Party Risk Management Guidance including the requirements for safe and sound operation and how the guidance can assist banks in preparing effective third-party risk management programs. An example analysis of one type of relationship was provided as well as the examiner’s approach to third-party risk. 2023 FFIEC Advanced Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Specialists Conference. Human Trafficking Industry Perspectives on the AML Act Risk-Based Approach to Assessing Customer Risk Risk-Focused Approach to AML/CFT Examinations The Use of Shell Companies to Facilitate Financial Crime Third-Party Risk Management

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