AFC in Practice: A Risk-Based Approach to Banking Nonprofit Organizations

Recorded

Online

2 ACAMS Credits

INSCRIVEZ-VOUS MAINTENANT

Overview

In the realm of financial services, nonprofit organizations (NPOs) play a crucial role in driving social impact. However, navigating the complexities of regulatory compliance while supporting these entities poses unique challenges for financial institutions. Join us for an insightful webinar that explores the dynamic landscape of banking NPOs and advocates a pragmatic solution — adopting a risk-based approach.

Join us in discussing the unintended consequences of AML/CTF Regulation on NPOs.

Understanding the Landscape: Gain a comprehensive overview of the nonprofit sector, its diversity and the inherent risks and challenges faced by financial institutions in providing services to NPOs.

Analyzing the Need for a Risk-Based Approach: Explore the limitations of a one-size-fits-all approach in NPO banking and delve into the advantages of a risk-based model tailored to the specific characteristics and activities of each nonprofit entity.

Navigating Regulatory Compliance: Navigate the intricate web of regulatory requirements governing NPO transactions and discover how a risk-based approach can enhance compliance measures while ensuring continued support for charitable initiatives.