Best of Red Flags, Part 2: Specific Product Risks and Best Practices. (Audio / Visual CD-ROM)
Today's globalized market, with its mobile customers and countless transactions, breeds ideal conditions for money laundering. With ever more services tailored to specific customer needs, it’s harder to know what red flags are reliable warnings of illicit dealing. In this session, learn what to watch for in the risk-laden areas of correspondent banking, trade financing and mortgage lending. Our experts offer specific indicators to look for and tell you what you need to do once a red flag is detected. You will see how spotting danger signs can protect your institution from reputational harm and keep you out of regulatory hot water.
The Experts:
John Byrne, CAMS
Regulatory Relations Executive Global Compliance and Operational Risk at Bank of America in Washington, he assists in the development of the bank’s anti-money laundering policies and dialogues with federal and state regulatory and enforcement agencies on money laundering issues, regulations and policies. For 17 years, he was the director of the Center for Regulatory Compliance of the American Bankers Association and the leading spokesman on money laundering issues, legislation and regulations of the U.S. banking industry. He is a longtime member of the U.S. Treasury Department’s Bank Secrecy Act Advisory Group.
Ross Delston, CAMS
A lawyer and former Federal banking regulator, Delston specializes in AML compliance at GlobalAML.com, a Washington, DC-based consulting firm he founded in 2006. He is also a consultant to the International Monetary Fund on AML assessments of offshore financial centers. Previously, he was a Managing Director at Kalorama Partners, a compliance consulting firm headed by former SEC Chairman Harvey Pitt; Consulting Counsel at the IMF where he drafted AML laws for numerous countries; Assistant General Counsel – Assisted Acquisitions at the FDIC during the US banking crisis; and Counsel at the US Export-Import Bank specializing in trade finance.
Recorded: January 16, 2008
Return Policy.
CD-ROMs are non-refundable after purchase. Replacement only if CD-ROM is returned.
