The De-Risking Dilemma: How the Financial Industry Can Collaborate to Manage Risk

Sponsored by

Lexis Nexis Risk Solutions
  • When: July 27, 2017
  • Time: 2:00 – 3:00 PM ET
  • Level: All

Wholesale de-risking is creating a boomerang effect for Caribbean and Central American banks that are caught as pawns as a result of conflicting global expectations. On the one hand, regulators expect global financial institutions to screen their clients for potential ties to terrorist activities, money laundering and other financial crimes. On the other hand, they urge banks to resist the temptation to completely walk away from risky areas such as money services businesses (MSBs) and correspondent banking. Correspondent banking allows Caribbean and Central American banks access to the international payment system, facilitating money transfers through transactions such as wire transfers, check clearing and currency exchange, affecting entire economies. How can banks, regulators and lawmakers work together to manage risk and continue serving their local economies?

Learning Objectives

  • Why do banks engage in wholesale de-risking and what are the implications?
  • How can wholesale de-risking be bad for banks?
  • How can we facilitate more effective risk management across the financial industry?

Watch Here

Speaker

Adrian Sanchez Bolaños
  • Adrián Sánchez, CAMS

  • Director, América Latina y el Caribe Crímenes Financieros y Cumplimiento
  • LexisNexis Risk Solutions

Bio

El Lcdo. Sánchez es responsable por definir la estrategia de LexisNexis Risk Solutions en el mercado latinoamericano en lo que se refiere a cumplimiento, combate al lavado de activos y el financiamiento al terrorismo para que cualquier tipo de corporación e industria pueda no solo cumplir de manera efectiva con el marco regulatorio local, sino también mejorar y hacer más eficientes y trasparentes sus procesos y flujos internos para prevenir riesgos operativos y reputacionales.

Es Licenciado en Administración de Empresas y certificado como especialista anti-lavado de activos por ACAMS. Antes de unirse al equipo de LexisNexis Risk Solutions cuenta con más de 14 años de experiencia en diferentes instituciones financieras, compañías multinacionales, así como en el sector gubernamental en diferentes áreas tales como: prevención de fraudes, prevención de lavado de dinero y cumplimiento normativo; desarrollando estrategias de prevención, detección y combate de delitos.

Who Should Attend

  • Compliance Personnel
  • Risk Assessment Managers
  • Industry Consultants

Region/Industries

  • LATAM
  • MSBs
  • Bank

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