Managing the AML Risks of Correspondent Banking

  • When: November 30, 2016
  • Time: 12:00 PM – 2:00 PM ET
  • Level: Beginner to Intermediate

Correspondent banking is a vital link in global finance. However, correspondent relationships can pose unique oversight challenges, most notably reliance on third parties to identify beneficial owners and politically exposed persons. This webinar outlines common challenges and proposed solutions to the distinct compliance concerns related to correspondent banking, providing practical guidance on applying a risk-based approach to mitigate potential AML challenges, identify red flags and properly investigate and resolve potential problems.

Learning Objectives

  • Adapting CDD/KYC policies to address unique risks of correspondent banking such as nested accounts
  • Examining branches, subsidiaries and affiliates of correspondent clients to gauge AML adequacy
  • Creating strategic profiles of respondent banks to identify and investigate aberrant transactions

Who Should Attend

  • Risk Managers
  • Compliance Officers
  • Legal Advisors


  • Global
  • Africa
  • Asia-Pacific
  • Caribbean
  • Europe
  • Latin America
  • MENA
  • North America
  • Banking
  • Law


ACAMS Members Non-Members
$195 $295
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Nicolas Khouri
  • Nicolas Khouri, CAMS

  • Senior Director, Audit Services
  • Ally Financial Inc.


  • Angela Mele, CAMS-Audit

  • Compliance Officer
  • RiskPass AML + Compliance Ltd.

Michael Schidlow
  • Michael S. Schidlow, CAMS-Audit

  • Head of FCC and Emerging Risk Audit Development
  • Global Internal Audit
  • HSBC Bank

Joe Soniat
  • Joe Soniat, CAMS-FCI

  • Vice President – BSA AML Officer
  • Union Bank and Trust


Joe Soniat is the Director of the Financial Intelligence Team and the BSA/AML Officer at Union Bank and Trust; one of the largest community banking organizations in Virginia. Joe worked as a finance officer for the U.S. government from 2002-04 and also serves on the BSA Coalition Advisory Board, which comprises bankers and regulatory representatives from federal and state agencies throughout the fifth district of the Federal Reserve.