Identifying, Reporting and Monitoring Suspicious Activity (SAR)

Wednesday, Apr 05, 2017 at 11:30AM - 2:30PM
Fremont, CA

Event Details

This webinar will discuss Suspicious Activities Reporting and examine Red Flags that pose present and future challenges for regulated businesses. Recognizing and investigating suspicious activities is the key in safeguarding an organization's financial system from illicit use and combating money laundering. It would be prudent to ensure having an effective AML compliance program which is tailor-made for the key risk factors within an organization.

The webinar will also discuss the current changes in the marketplace and expose the new faces of AML and examine areas of Politically Exposed People (PEPs) regulation that pose present and future challenges for regulated businesses.

Objectives of the Presentation
  • Expectations in BSA/AML programs
  • How to implement an effective program
  • Best practices of an AML program
  • Understand the key updates to regulations regarding beneficial owners
  • Reporting guidelines
  • Ongoing monitoring and training programs
  • Examples of high risk profiles
Why Should you Attend
The cost of non-compliance with regulatory BSA/AML standards within organizations has been great. Organizations have suffered irreparable reputational damage and have had to pay exorbitant regulatory fines in the millions for failing to implement and maintain strong compliance programs. It would be prudent to ensure your organization's compliance program is effective and it is tailor-made in light of the key risk factors within your organization.

This webinar will provide an overview of the importance of the risk based approach. You will learn KYC/AML best practices and guidelines which focus on customer acceptance policy, identification procedures, transaction monitoring guidance, suspicious activity guidelines and independent testing techniques which would assist attendees in improving their companies overall compliance program.

This webinar will also explore the operational implications of dealing with the PEP heightened-risk category. In principle, there is nothing wrong with doing business with a politically exposed person, provided that a number of due diligence criteria are met on an ongoing basis. What differentiates PEPs from other categories of financial clients is their position within a country or similar public structure, or their association with a political officeholder.

Areas Covered
In accordance with regulatory obligations, there are strict procedures in place to minimize the risk that could be used for money laundering purposes including:
  • BSA/AML compliance management
  • Sanctions Screening / PEP Screening
  • Knowing Your Customer (KYC)
  • Proper identification of your clients and vendors
  • How digitization has changed movement of money
  • AML compliance and digital currencies
  • Monitoring, investigating and reporting suspicious transactions
  • Adapting to regulatory changes and expectations
  • Training staff to recognize suspicious transactions and awareness of their reporting obligations
Who will Benefit
  • Prepaid service providers
  • Payment service providers
  • Pay Day lenders
  • Money Service Providers
  • Brokerage houses
  • Investment bankers
  • Compliance Managers and Officers
  • Risk Managers and Officers
  • Controllers
  • Presidents / Vice Presidents
  • Managers / Supervisors
  • Independent Sales Organizations
  • CFOs and Presidents of Payment Service Providers
  • Managers of Payment Service Providers
For Registration

Note: Use Promo code DE5YU and get 10% off on registration (Valid till APRIL 30th 2017)

Organization Details

Online Compliance Panel (OCP) creates and delivers comprehensive industry relevant training sessions. These sessions are simple, interactive and cost effective. We are a predominantly web based information exchange forum. Live interactions on compliance training make the process holistic and effective. OCP largely emphasizes in offering regulatory compliance training to compliance professionals on varied topics. These primarily include risk management, quality management, corporate compliance and other regulatory compliances. Some of our primary areas of focus include advancement and updates in regulatory compliance, best practices and market trends.

We strive to incorporate high standards in developing a culture facilitating exchange of ideas resulting in functional excellence. OCP believes in nurturing ideas and thought processes through innovative e-learning methodologies. Our products and services are designed to offer customized solutions to industry and market. We bridge the gap between experience and knowledge thus delivering original and creative content.

Our objectives of employing interactive mediums ensure effective communication and mutual exchange of ideas. OCP closely follows best practices and regulatory trends in the global compliance scenario. We also observe and communicate trends witnessed in FDA, ISO regulations, process and design validation. All updates and additions to important laws can be accessed by our customers in real time.

Our mission is to empower compliance professionals through effective online training sessions. Our world class training methodologies stem from comprehensive understanding of client requirements. The content conforming to FDA and ISO standards is developed by well qualified and experienced industry leaders. Our offerings will exceed expectations and add value to your investment.

The content in various categories such as medical devices, pharmaceuticals and biotechnology will raise the bar in terms of quality already on offer .We hope to contribute to the creation of responsible organizations creating benchmarks in quality, integrity and transparency.

Online Event
Online Event
Fremont, CA 94536

Starts April 05, 2017 at 11:30AM - 2:30PM

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Contact Information

Organization: Online Compliance Panel LLC

Event Contact: OCP Panel

Phone: 15108575896