Conducting an Effective Independent Audit of AML Compliance Programs

  • When: January 24, 2018
  • Time: 12:00 PM – 2:00 PM ET
  • Levels: Intermediate, Advanced

Whether a small or large-sized financial institution, money service business (MSB), credit union, securities or insurance firm, it is essential that AML professionals within these organizations can handle the nuances of audit functions, testing, validation procedures and internal controls. As the last line of defense against various AML and sanctions violation risks, the audit function ensures that compliance controls are risk-ready. During this webinar, compliance professionals will share best practices for conducting an effective independent audit, including identifying compliance gaps and prescribing attainable steps for implementation.

Learning Objectives

  • Differentiating various stages of an independent audit based on specific sectors, including a thorough review of program documents and steps for identifying control gaps
  • Creating a detailed audit risk assessment methodology for various financial entities including banks, credit unions, MSBs and securities firms
  • Discussing the importance of creating an internal control function within each unit or department
  • Developing realistic and attainable action steps for implementation that serve institutional interests

Who Should Attend

  • Compliance Officers
  • Legal Advisors
  • Risk Managers
  • Industry Consultants

Region/Industry

  • Global
  • North America
  • Bank
  • Securities
  • MSB

Pricing

ACAMS Members Non-Members
$195 $295
Register Now Join ACAMS

Moderator

Wild-Peter
  • Peter D. Wild, CAMS-Audit

  • Founder, AML Consulting, Audit & Training
  • Wild AML Solutions LLC

Bio

Peter is a consultant specializing in AML/TF and Sanctions business processes, AML Operational and IT Auditing and Training.

He retired from JP Morgan in 2016 as a Senior Audit Manager, managing IT and Operational audits in many areas including AML/TF and Sanctions.

Upon arriving in America from England, he became the IT Audit Director for Republic National Bank of New York then Senior IT Audit Manager at Coopers & Lybrand and later the IT Audit Director and Deputy CIO at Melville Corporation.

He is a Fellow of the Institute of Chartered Accountants in England & Wales, a Past President of the New York ISACA Chapter and a Recipient of the Joseph J. Wasserman Award for his outstanding contributions to IT Audit and Security.

He is a founding member of the CAMS Audit Faculty, the Co-Chair of the ACAMS New York Chapter and he received the 2015 Al Gillum Volunteer of the Year Award.

Speakers

Mark Prater
  • Mark Prater, CAMS-Audit

  • Vice President, Senior Audit Manager
  • U.S Bancorp

Jack Sonnenschein
  • Jack Sonnenschein, CAMS-Audit

  • Founder
  • Compliance Navigation LLC

Bio

Jack Sonnenschein is Founder and Principal of Compliance Navigation LLC. In prior roles, Jack was the Global Head – Audit Advisory for Financial Crime Compliance at Standard Chartered Bank. Jack also provided AML, compliance and audit leadership at Citigroup, American Express and JP Morgan Chase. He is certified as CAMS-Audit. A frequent instructor at ACAMS conferences and seminars, he started his career at Touche Ross (now Deloitte & Touche) in Quebec and New York where he earned his chartered accountancy and certified public accountant designations.