FRAML Framework: Merging Fraud Prevention and Anti-Money Laundering Units

  • When: March 18, 2020
  • Time: 12PM – 2PM ET
  • Level: Intermediate to Advanced

FRAML, the combination of fraud prevention and anti-money laundering (AML), has become a growing trend for financial institutions in recent years, and merging these functions can potentially strengthen risk management and increase operating efficiencies. However, these distinct AML specialties perform discrete functions — so combining them requires careful planning, thoughtful execution and comprehensive follow-up. This expert-led panel is rich with practical guidance on building a better FRAML framework.

Learning Objectives

  • Assessing rationale for FRAML merger such as common core values and shared missions to achieve buy-in from key stakeholders
  • Analyzing and resolving potential impediments to integration including workplace culture differences and disparate investigative methods
  • Conducting post-consolidation review to make systemic adjustments as warranted and confirm FRAML benefits such as enhanced 360-degree customer views

Who Should Attend

  • AML Officers
  • FIU/Fraud Investigators
  • Internal Audit
  • Industry Consultants

Region/Industry

  • Global
  • North America
  • Banking
  • Securities

Pricing

ACAMS Members Non-Members
$245 $445
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