Conducting an Effective Independent Audit of AML Compliance Programs

  • When: January 24, 2018
  • Time: 12:00 PM – 2:00 PM ET
  • Levels: Intermediate, Advanced

Whether a small or large-sized financial institution, money service business (MSB), credit union, securities or insurance firm, it is essential that AML Audit function provides a valid independent opinion on the effectiveness of the AML program.

As the third line of defense, the audit function plays an essential role in assisting to ensure that compliance controls are effective in mitigating AML risks.

During this webinar, expert AML Audit professionals will share best practices for AML independent auditing, including governance, audit risk assessment and IT audit considerations.

Learning Objectives

  • Understanding the essential components of an effective Audit Governance model
  • Creating an audit risk assessment methodology
  • Best practices in audit engagement planning, execution and reporting
  • Understanding how IT Audit techniques can enhance the effectiveness and efficiency of the AML audit function

Who Should Attend

  • Compliance Officers
  • Legal Advisors
  • Risk Managers
  • Industry Consultants


  • Global
  • North America
  • Bank
  • Securities
  • MSB


ACAMS Members Non-Members
$245 $445
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  • Peter D. Wild, CAMS-Audit

  • Founder, AML Consulting, Audit & Training
  • Wild AML Solutions LLC


Peter is a consultant specializing in AML/TF and Sanctions business processes, AML Operational and IT Auditing and Training.

He retired from JP Morgan in 2016 as a Senior Audit Manager, managing IT and Operational audits in many areas including AML/TF and Sanctions.

Upon arriving in America from England, he became the IT Audit Director for Republic National Bank of New York then Senior IT Audit Manager at Coopers & Lybrand and later the IT Audit Director and Deputy CIO at Melville Corporation.

He is a Fellow of the Institute of Chartered Accountants in England & Wales, a Past President of the New York ISACA Chapter and a Recipient of the Joseph J. Wasserman Award for his outstanding contributions to IT Audit and Security.

He is a founding member of the CAMS Audit Faculty, the Co-Chair of the ACAMS New York Chapter and he received the 2015 Al Gillum Volunteer of the Year Award.


Mark Prater
  • Mark Prater, CAMS-Audit

  • Vice President, Senior Audit Manager
  • U.S Bancorp

Jack Sonnenschein
  • Jack Sonnenschein, CAMS-Audit

  • Founder
  • Compliance Navigation LLC


Jack Sonnenschein is Founder and Principal of Compliance Navigation LLC. In prior roles, Jack was the Global Head – Audit Advisory for Financial Crime Compliance at Standard Chartered Bank. Jack also provided AML, compliance and audit leadership at Citigroup, American Express and JP Morgan Chase. He is certified as CAMS-Audit. A frequent instructor at ACAMS conferences and seminars, he started his career at Touche Ross (now Deloitte & Touche) in Quebec and New York where he earned his chartered accountancy and certified public accountant designations.