No BSA officer ever failed at the job for not knowing the “legs and regs.” Failure involves not putting them into practice effectively. With the global costs of financial crime compliance projected to be $274.1 billion, according to a 2022 Thomson Reuters report, the stakes are sky-high. And that doesn’t count the potential costs of non-compliance. Financial institutions need to ensure that all of these billions of dollars spent on AFC controls make a difference. 

Unfortunately, compliance leaders tell ACAMS, there is a skill gap. For example, it’s easy to say “We need to perform KYC on all clients,” but what do you do with accounts when clients ignore requests to update their information? 

In this interactive workshop, we will consider the three dimensions of people, process and technology to explore achieving effective compliance. We will review best practices in operationalizing AFC regulations and achieving efficiencies without compromising effectiveness.

You will learn how to:

• Be the change agent that enables your organization to execute AFC controls 
• Use technology, both short term and long term, to achieve effective compliance
• Achieve efficiencies in implementing AFC regulations effectively
• Create repeatable feedback loops to develop and execute policies

Who Should Attend

• Compliance Officers
• MLRO / BSA Officers
• AML Professionals
• Consultants
• Risk Managers

*Separate registration required. Please inquire with your Account Representative.

Facilitators:
Heather Allen Cody, CAMS, Deputy Director of Financial Crime, Senior Vice President, Truist Financial Corp.

Shilpa Arora, Senior Director, Anti-Financial Crime (AFC) Portfolio Solutions, ACAMS

Jose Luis Stein, Regional Head of Financial Crime for Mexico and Latin America, HSBC

Craig Timm, U.S. Head of AML, ACAMS