Money Laundering and Correspondent Banking -- Mitigating Risks Without De-Risking
1
ACAMS Credit
Overview
Correspondent and respondent banking relationships are vital to the global financial system, providing banks and their customers access to financial services across jurisdictions and facilitating trade, economic growth and financial inclusion. However, the complex and indirect relationships involved in correspondent banking make it inherently more susceptible to money laundering. Efforts to mitigate these risks, like Know Your Customers’ Customers (KYCC), are often costly, reducing the profitability of correspondent services. Are you managing the money laundering risks of respondent banks in a manner that is both effective and cost-efficient? Join this panel discussion with NICE Actimize to learn what you can do to better manage the risk of money laundering through correspondent banking without resorting to de-risking.
Learning Objectives
Understanding the key money laundering risks posed by respondent banks and their customers
Learning best practices for better understanding and managing the KYC and AML risks of your respondent banking relationships
Identifying technology systems and innovations that can strengthen your correspondent banking risk governance, preserve account relationships and remove the need for pre-emptive remedies such as de-risking
Pricing
Enterprise & Premium Webinar Subscribers
ACAMS Members
Non-Members
BSA/AML Officers
FIU
Investigators
KYC/Onboarding
Risk Manager
AML Overall
Corporate Banking
Financial Crime
KYC CDD
Transaction Monitoring
AML Compliance Skills and KYC/CDD
Predicate Crimes and Typologies
Investigations and Suspicious Activity
Governance and Oversight
Compliance Technology
Correspondent Banking
Financial Institutions
FIS
FinTech
MSB
Global
Basic
Intermediate
Advanced