Price: $245.00

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Price: $345.00

Section 312 and Its Ramifications for Your Banking Institution (Audio/Visual CD-ROM)

The most comprehensive and controversial money laundering regulation mandated by the USA PATRIOT Act of 2001 is now a reality. Section 312 requires tens of thousands of banks, securities dealers and mutual fund managers in the United States and abroad to look more closely at correspondent and private banking accounts -- and the people who use them. The new legislation deeply affects the risk management and compliance operations of entire financial sectors. This Web seminar will clarify all of the effects of this divisive regulation on your institution as well as the proposed regulations on correspondent account due diligence.

The Experts:

Ariadna Rojas
Ariadna is Compliance Officer for BNP Paribas, in Panama City and its Cayman branch in Panama. Her duties include monitoring, training and developing money laundering control procedures for private banking and investment accounts at both institutions. The latter are supervised by Panama’s securities regulatory agency. A lawyer, she has led efforts to coordinate AML compliance standards and procedures at other Panamanian institutions that operate in diverse financial sectors such as securities, insurance, money transmissions, casinos and real estate.

Jane Simmons
Jane is Compliance and Anti-Money Laundering Officer for correspondent banking of Scotia Bank, in Toronto, Canada. She developed the enterprise-wide correspondent banking policies and procedures manual, which includes money laundering control responsibilities. She administers all compliance duties in the correspondent banking division. She played a leading role in constructing and implementing the multinational bank’s trade finance and correspondent banking compliance program, including a retroactive know-your-customer program for the bank’s 1,400 worldwide correspondent banks and implementing its correspondent account monitoring software.

Recorded: February 15, 2006