PROGRAM OVERVIEW

The various sections of the USA PATRIOT Act and implementing regulations in the Bank Secrecy Act have been in final form for several years now. This course will discuss the practical applications of the regulatory requirements, with an emphasis on nested accounts. It is designed for both U.S. financial institutions offering correspondent banking as well as for foreign financial institutions which have or are seeking U.S. correspondent banking relationships. U.S. financial institutions will acquire practical knowledge to apply to their correspondent compliance programs. Foreign financial institutions will have a better understanding and appreciation for the requirements of the correspondent bank and be better able to demonstrate its compliance program and contract requirements.

PROGRAM BENEFITS:

Participants who successfully complete the program, will:

• Acquire practical knowledge of immediate application in their AML compliance programs
• Understand the risks associated with foreign correspondent banking and learn the practical tools for addressing those risks within the compliance program
• Strengthen and demonstrate the effectiveness of their AML compliance programs and will comply with the requirements of their correspondent banking contracts

THE PROGRAM INCLUDES:

• Qualified Instructors – learn from world-class instructors with AML experience.
• Ongoing Support – connect and interact with your instructor and other professionals.
• Modules and Multimedia – improve understanding with easy-to-follow case studies, videos and discussions.
• Quizzes & Discussion Forums – assess comprehension to successfully apply concepts in several scenarios.
• Professional Accreditation – offered in association with Florida International University (FIU), a nationally accredited university, ranked number 6 in International Business across the country.
• Access to a Global Network – connect with professionals from various sectors.

WHO SHOULD ENROLL:

• AML/CFT Compliance Personnel
• Audit Personnel
• Regulators/Supervisors of Financial Institutions
• Marketing Professionals
• Business Managers
• Consultants