ACAMS Update. John J. Byrne, Esq., CAMS Executive Vice President February 5, 2016
|
|
- Sheryl Parks
- 6 years ago
- Views:
Transcription
1 ACAMS Update John J. Byrne, Esq., CAMS Executive Vice President February 5,
2 ACAMS Membership 2
3 ACAMS Certified Members 3
4 Chapter Membership *Chapters over 50 members 4
5 Advanced Certification Certifying excellence in the AML/CTF and financial crime prevention community. NEXT CLASS COMING MAY 2016! WHO SHOULD ATTEND? CAMS-FCI Senior Investigators Law Enforcement Compliance Officers FIU Managers Legal Counsel CAMS-Audit Internal/External Auditors Consultants Regulators Compliance Officers Risk Managers Advanced Certification White Papers are available for download! Go to -> Certification -> Advanced Certification 5
6 CAMS Virtual Classroom The CAMS Virtual Classroom is a live web-based study course, aimed at providing candidates of the Certified Anti-Money Laundering Specialist (CAMS) program additional guided instruction and help with retaining and reinforcing key concepts covered in the main CAMS examination study materials. Included in the course: Six easy-to-follow 2-hour virtual classes over a six week period Homework assignments designed to enhance comprehension of key AML concepts Practice questions to assess understanding of the material and raise testtaking confidence For upcoming class schedules please go to -> Certification Tab -> CAMS Virtual Classroom 6
7 CAMS 6 th Edition Exam ACAMS is in the process of developing the 6 th version of the CAMS Examination. The 6 th Edition Exam is scheduled for release in Q The Q release will only be in English. However, we plan to translate the exam into: Spanish Arabic Chinese Japanese French German Portuguese Stay tuned for more information regarding the go-live date of the CAMS 6 th Edition Examination! 7
8 ACAMS Today A. ACAMS Today mission: 1. The award-winning quarterly publication dedicated to keeping ACAMS members up-to-date on financial crime detection and prevention. Written by and for our members! B. Current edition highlights: 1. December 2015-February 2016 (Award Winners edition) a. Interview featuring the Honorable Frank Whitney, Chief U.S. District Judge for the Western District of North Carolina b. Cover articles: Winners Gallery, featuring the 2015 ACAMS award winners Dear Board, by Amy Wotapka and Lauren Kohr C. Upcoming edition and article submission process: 1. March-May Send article submissions to 8
9 Award-Winning ACAMS Today A. ACAMS Today winner of 19 awards in 2015 B award-winning editions 9
10 ACAMS AML Professional of the Month A. Nomination process for AML professionals from the public or private sectors 1. Form is accessible on ACAMSToday.org. 2. Submission details: a. Nominator name and last name b. Nominator c. Nominee name and last name d. Nominee title e. Nominee f. Nominee photo (optional) g. In 250 words or less, please state why your nominee should be considered for ACAMS AML Professional of the Month 10
11 Visit ACAMS.org to learn more about the event and register today! 11
12 Risk Assessment Our Vision To offer financial institutions worldwide a standardized means of measuring, understanding and explaining their AML risks 12
13 Risk Assessment Product Benefits Offers a Methodology Built through Industry/Membership Input and Consensus Adapts over time to respond to the highest of global standards, institutional guidance, and changing regulatory obligations Helps You Mitigate Risk by Filling in the Gaps in Your Institution s Internal Controls Maximizes Efficiencies with Automated, Standardized Scoring 13
14 Risk Assessment Product Features Comprehensive Global Risk Assessments by Enterprise or Business Unit Presentation Ready Summaries and Reports allows you to Communicate Clearly and Effectively to Examiners, Supervisors, and other Stakeholders Aggregate Reporting offers Peer Assessment Benchmarking & Builds a Framework for Future Industry Standards 14
15 AML Foundations A 4-hour stepping stone for entry-level employees not yet ready for CAMS, and for business line staff, who need solid AML training now so they can add more value on the job today. To learn more: acams.org/aml-foundations 15
16 Sanctions Compliance Just the right depth for staff at all levels to apply to your specific compliance program. 4 parts, 4 hours, completed in 4 weeks All online blend of live and self-paced work Written and presented by sanctions experts working around the world Passing the online assessment earns a certificate To learn more: acams.org/sanctions-compliance-training 16
17 ACAMS / AGA Webinar Join ACAMS on Monday, February 29 for a webinar to discuss the recent findings of the The AGA Report on Industry Commitment to AML Compliance and Challenges 17
18 John J. Byrne, Esq., CAMS Executive Vice President 18 18
19 Risk Assessing your Risk Assessment: Do you have what it takes? Challenges & Solutions to a Pressing Issue
20 Overview & Roadmap Increasing regulatory scrutiny. Assessments have gone beyond the basics: Products, Services, Lines of Business (LOBs), Customers, Entities, Geographies. 1. Focus on the above items that present unique challenges and increased exposures It s your opportunity to articulate your understanding of the impact of these unique activities, the risk and the controls. Don t leave them out of your risk assessment because they present elevated risk. That won t end well if the examiner stumbles across the higher-risk item during the exam and it s not addressed in the risk assessment.
21 Overview & Roadmap 2. Think quantitatively. Include meaningful data. # of accounts, # transactions, increases, decreases, by product, service, geography, and customer type. It s a rubix cube. Focus on the risk scoring methodology for each factor. Also on the overall scoring methodology of what equates to Low, Moderate, and High (or whatever scoring method you use.) This also includes the risk-weighting methodology, which may be new to some of our smaller community banks in attendance. Show of hands. How many attendees have risk assessments that use riskweighting? Risk-weighting helps prevent the overall risk rating from being skewed by numerous low-risk items averaging out an extremely high-risk item.
22 Overview & Roadmap 3. Reporting: Discuss These Elements Methodology used Institution s AML risk appetite Quantity of Risk Controls in Place Residual Risk Direction of Risk From prior year to current Direction of risk over next 12 months and why. Always present both a narrative report and a supporting quantitative grid.
23 Challenges. Practical Challenges Process Manual in nature Resource burden Methodology creation and testing time constraints Management involvement (or lack thereof) Data (the constant challenge) Availability Completeness Disparate information sources Reliance on line of business ( LOB ) surveys Poorly worded questions Incomplete responses Uncooperative LOB s
24 Challenges. Business Challenges Creating an Effective Risk Assessment Document Balancing the qualitative versus the quantitative Identifying true mitigating controls Creating narratives that correspond to results Avoiding over reliance on manual override functions Supporting conclusions with proof, not anecdote Including a reasonable and actionable GAP Assessment that identifies opportunities for enhancement
25 Challenges. Other Challenges I have a risk assessment so now what? Dealing with inconsistent regulatory expectations and guidance Garnering management support and buy-in
26 Methodology Overview The Risk Assessment should be supported by sufficient detailed analysis to assess individual components of: A Inherent Risks Assess based on likelihood and potential impact High, Medium and Low grading or a numerical (1 to 5) grading for the risks. B Mitigating Controls Assess to identify the extent to which the risks are mitigated. The controls may be graded based on strength (Strong, Adequate and Inadequate) or a numerical score similar to the risk factors scoring. C Residual Risks Risks not mitigated or inadequately mitigated by existing controls form the Residual Risks. Resource allocation focused on key unmitigated risks. 8 Telavance, Inc.
27 Risk Assessment Components Prior audit & exam findings The AML Risk Assessment process involves a thorough review of: Organization structure, compliance culture Products and services Policies and procedures Geographies Customer base Telavance, Inc.
28 Addressing the Data Challenge To gain this understanding, questionnaires can be used in conjunction with interviews with business heads, compliance, information technology and internal audit groups. The assessment factors should be supported by in depth analysis of historical data that will include: Segmenting the customers by type (individuals, businesses) Businesses can be further segmented by entity type (banks, corporates, mutual funds) and industry (financial services, consumer durables, F&B etc.). The customer country (country of citizenship, country of incorporation etc.) and geographies they operate in. Business volumes by product type (checking, securities, trade finance, etc.) and by transaction types (wires, cash etc.) Transaction volumes and values by geography, especially if higher risk jurisdictions are involved. Telavance, Inc.
29 Factors to consider Risk Assessment should Lead to improvement in monitoring controls Be used as a tool to drive the Compliance program of a financial institution. Identify residual risks that should be converted into corrective action and remediation plans that are used to improve the control environment. Be sensitive to significant changes Organization structure Customer base, products and geographies Mergers/ Acquisitions New regulatory guidance Regulatory findings or overall controls weakness Increase in SARs, OFAC hits etc. Telavance, Inc.
30 Challenges and Possible Solutions
31 The Evolution of AML Executive Perspective: Views & Expectations of the BSA Officer February 5, 2016
32 The Evolution of AML BSA Officer Internal Controls Independent Testing Training February 5, 2016
33 The Evolution of AML Personal Liability of the BSA Officer How has it changed the operating model Centralization/decentralization of decision making Communication with other business lines February 5, 2016
34 The Evolution of AML Regulatory Expectations February 5, 2016
35 The Evolution of AML Employee Training Keeping the message fresh the boy that cried wolf Right fitting the medium for all levels of the organization February 5, 2016
36 The Evolution of AML Use of Analytics & Monitoring Increasing Coverage in Depth and Width Advancement of Models vs Rules Ad-hoc discovery SWAT, Red Teams. February 5, 2016
37
38
39
40
41
42
43
44
45
46
WELCOME. 1
WELCOME 1 The AML Risk Conundrum What Does AML Risk Really Mean? BSA Coalition Training Event November 17, 2016 2 Opening Remarks: Amanda Tucker, BSA Coalition Board Member Executive Vice President I Chief
More informationRisk Management TRAINING AND EVENTS. aba.com/risktraining
Risk Management TRAINING AND EVENTS Stay ahead of the changing world of risks. Risk management is much more complex today and requires new approaches to talent management. Your bank needs comprehensive
More informationEffective Risk Management With AML Risk Assessment. January 25, 2017
Effective Risk Management With AML Risk Assessment January 25, 2017 2017 2017 Crowe Crowe Horwath Horwath LLP LLP Agenda Regulatory Trends in Risk Assessment Crowe Approach to Anti-Money Laundering (AML)
More informationRSM ANTI-MONEY LAUNDERING SURVEY BEST PRACTICES AND BENCHMARKING FOR YOUR BSA/AML PROGRAM
RSM ANTI-MONEY LAUNDERING SURVEY BEST PRACTICES AND BENCHMARKING FOR YOUR BSA/AML PROGRAM Anti-money laundering (AML) regulations are at times challenging for banks. Emerging risks and increased scrutiny
More informationSMEI Organizational Leadership Development. Sales & Marketing Executives International, Inc.
GOVERNANCE Webinar Sales & Marketing Executives International, Inc. Agenda FY08 Strategic Plan Governance Model Conducting Successful Meetings Bylaws & Constitution Legal & Accounting Requirements Mission
More informationIIB - INTERNATIONAL BANKING ANTI-MONEY LAUNDERING SEMINAR
IIB - INTERNATIONAL BANKING ANTI-MONEY LAUNDERING SEMINAR Practical Suggestions and Tips for an Effective BSA/AML Compliance Function - Risk Assessment and Transaction Monitoring May 15, 2012 Disclaimer
More informationBSA/AML Self-Assessment Tool. Overview and Instructions
BSA/AML Self-Assessment Tool Overview and Instructions February 2018 1129 20 th Street, N.W. Ninth Floor Washington, DC 20036 www.csbs.org 202-296-2840 FAX 202-296-1928 2 Introduction and Overview The
More informationServices Overview. Partnering with AuditLink will provide you with peace of mind in a strict and rapidly evolving regulatory environment.
Services Overview AuditLink as a service has been in business since May 2008. True to its commitment, AuditLink reduces the added work imposed by regulations and compliance. Factors inherent in changing
More informationFor Anti-Corruption PILOT PROGRAM RESULTS REPORT
For Anti-Corruption PILOT PROGRAM RESULTS REPORT FEBRUARY 2014 OVERVIEW In 2013 and 2014, 23 companies participated in CREATe Leading Practices for Anti-Corruption, our three-step service that is based
More informationBSA/AML Compliance in Acquisitions
BSA/AML Compliance in Acquisitions Don t Make Someone Else s Mistakes Your Own Thank you for joining us! The webinar will begin at 1 PM Central September 14, 2017 PRESENTED BY MARK STETLER & LORI MOORE
More informationREGULATORY HOT TOPICS FOR INTERNAL AUDITORS: EVALUATING THE USE OF AML TECHNOLOGY
REGULATORY HOT TOPICS FOR INTERNAL AUDITORS: EVALUATING THE USE OF AML TECHNOLOGY Shaheen Dil MANAGING DIRECTOR, PROTIVITI John Atkinson DIRECTOR, PROTIVITI Carl Hatfield DIRECTOR, PROTIVITI Chetan Shah
More informationSteve Ingram. AML - The Expectations, The Examinations and the Regulatory Requirements
Technology and Innovation for Banking & Financial Services Conference 07 Steve Ingram Partner, AML - The Expectations, The Examinations and the Regulatory Requirements 14 June Page 1 What are the top AML
More informationCONSULTATION DOCUMENT AML/CFT SUPERVISORY STRATEGY
CONSULTATION DOCUMENT AML/CFT SUPERVISORY STRATEGY Central Bank of The Bahamas Bank Supervision Department December 2017 1 Executive summary The Central Bank of the Bahamas ( the Bank ) regulates and supervises
More informationW. R. GRACE & CO. CORPORATE GOVERNANCE PRINCIPLES
W. R. GRACE & CO. CORPORATE GOVERNANCE PRINCIPLES The primary responsibility of the directors of W. R. Grace & Co. is to exercise their business judgment to act in what they reasonably believe to be in
More informationFinancial regulatory compliance.
Financial regulatory compliance www.keypoint.com Keypoint is one of the GCC s most comprehensive professional business services providers. We deliver statutory and corporate advice, accounting, investment
More informationANTI-MONEY LAUNDERING & SANCTIONS EXPERTS WITH IMPACT
ANTI-MONEY LAUNDERING & SANCTIONS EXPERTS WITH IMPACT Our professionals offer comprehensive solutions to financial institutions and other organisations facing unprecedented scrutiny and pressure to combat
More informationMichael Lammie Director, PricewaterhouseCoopers
www.pwc.com BSA/AML Risk Assessment and Data Analytics ACAMS Chicago Chapter Michael Lammie Director, PricewaterhouseCoopers Welcome 2 Current State Risk Assessment Challenges Current State Point in time
More informationIasa Engagements enhance Corporate Membership
Iasa Engagements enhance Corporate Membership A webinar presented by Iasa Global, 19th August 2015 For more information see http://iasaglobal.org/corporate-member-engagements/ Formally known as the International
More informationREGULATORY HOT TOPICS FOR INTERNAL AUDITORS: EVALUATING THE USE OF AML TECHNOLOGY
REGULATORY HOT TOPICS FOR INTERNAL AUDITORS: EVALUATING THE USE OF AML TECHNOLOGY Shaheen Dil MANAGING DIRECTOR, PROTIVITI John Atkinson DIRECTOR, PROTIVITI Carl Hatfield DIRECTOR, PROTIVITI Chetan Shah
More informationAuditing for Effective Training
Maleka Ali M. Ali 2013 Director of Consulting & Education Page 0 Banker s Toolbox Auditing for Effective Training I. INTRODUCTION Banking organizations must develop, implement, and maintain effective AML
More informationGleim CPA Review Updates to Business Environment and Concepts 2018 Edition, 1st Printing March 2018
Page 1 of 16 Gleim CPA Review Updates to Business Environment and Concepts 2018 Edition, 1st Printing March 2018 The content of BEC Study Unit 2, Subunit 2, has undergone extensive edits due to the 2017
More informationANTI-MONEY LAUNDERING SERVICES EXPERTS WITH IMPACT
ANTI-MONEY LAUNDERING SERVICES EXPERTS WITH IMPACT FTI Consulting Anti-Money Laundering Services F TI Consulting provides end-to-end Anti-Money Laundering consulting services to financial institutions.
More informationInternal Audit Solutions:
Internal Audit Solutions: Internal Audit Leading Practices - Continuous Monitoring / Auditing Provided to Sioux Falls, SD IIA Chapter Thursday January 25, 2018 11:30 AM 1:00 PM CT Today's Presenter Anne
More informationInfo paper Is your sanctions filter working?
Info paper Is your sanctions filter working? How regular testing and tuning can help you achieve peace of mind. Contents How regular testing and tuning can help you achieve peace of mind. Executive Summary
More informationFrom Backyard Business to Public Company
From Backyard Business to Public Company The Changing Role of the Management Accountant IMA Michigan Fall Conference October 29, 2008 John Pollara CMA, IMA Chair Emeritus 1 2 3 4 5 6 7 8 9 10 11 12 Definitions
More informationDFS NY A strategic approach to dealing with the final rule. August 2017
DFS NY 504.3 A strategic approach to dealing with the final rule August 2017 Analytical contacts Alan Lloyd Paris Director, Financial Crime and Compliance Analytics Email: alan.paris@crisil.com Anurag
More informationAnti-Money Laundering
Anti-Money Laundering Risk Assessments as a Key to AML/BSA Compliance AIBA Quarterly Meeting March 2008 January 2006 About edelta Consulting edelta Consulting, Inc. is a full service consulting firm formed
More informationQUILTER PLC ( Quilter or the Company ) BOARD RISK COMMITTEE TERMS OF REFERENCE
QUILTER PLC ( Quilter or the Company ) BOARD RISK COMMITTEE TERMS OF REFERENCE Version approved by the Quilter Board (the Board ) on 15 February 2018. 1. Role The role of the Board Risk Committee (the
More informationRisk Based Approach and Enterprise Wide Risk Assessment Edwin Somers / Inneke Geyskens-Borgions 26 September 2017
Risk Based Approach and Enterprise Wide Risk Assessment Edwin Somers / Inneke Geyskens-Borgions 26 September 2017 Contents I. Risk Based Approach 3 II. Enterprise Wide Risk Assessment 11 II.1. Introduction
More informationChapter 6 Field Work Standards for Performance Audits
Chapter 6 Field Work Standards for Performance Audits Introduction 6.01 This chapter contains field work requirements and guidance for performance audits conducted in accordance with generally accepted
More informationGleim CIA Review Updates to Part Edition, 1st Printing June 2018
Page 1 of 15 Gleim CIA Review Updates to Part 1 2018 Edition, 1st Printing June 2018 Study Unit 3 Control Frameworks and Fraud Pages 66 through 69 and 76 through 77, Subunit 3.2: In accordance with the
More informationCrowe Caliber. Using Technology to Enhance AML Model Risk Management Programs and Automate Model Calibration. Audit Tax Advisory Risk Performance
Crowe Caliber Using Technology to Enhance AML Model Risk Management Programs and Automate Model Calibration Audit Tax Advisory Risk Performance The Unique Alternative to the Big Four Crowe Caliber: Using
More informationCompliance Monitoring and Enforcement Program Implementation Plan. Version 1.7
Compliance Monitoring and Enforcement Program Table of Contents TABLE OF CONTENTS NERC Compliance Monitoring and Enforcement Program... 1 Introduction... 2 NERC Compliance Monitoring and Enforcement Program
More informationREADY OR NOT? NAVIGATING THE DFS 504 RULE. AUTHORS Adrian Murphy Austin Hong Aron Cohen CONTRIBUTORS Allen Meyer Alan Morley
READY OR NOT? NAVIGATING THE DFS 504 RULE AUTHORS Adrian Murphy Austin Hong Aron Cohen CONTRIBUTORS Allen Meyer Alan Morley INTRODUCTION Institutions supervised by the New York Department of Financial
More informationInformation paper. Transaction filtering, systems testing and annual certification: driving business benefits
Information paper Transaction filtering, systems testing and annual certification: driving business benefits Introduction Overview of the changes The new DFS anti-terrorism transaction monitoring and filtering
More informationA Strategic Approach to Bank Fraud
Fraud Case Study A Strategic Approach to Bank Fraud How Banks Can Move From Reactive to Proactive Fraud Prevention and Detection Fraud prevention and detection remains one of the biggest and most pressing
More informationAnti-Money Laundering and Sanctions Compliance. You Can t Afford the Risks
Anti-Money Laundering and Sanctions Compliance You Can t Afford the Risks Audit / Tax / Advisory / Risk / Performance Smart decisions. Lasting value. The Risks Associated With AML and Sanctions Compliance
More informationCGEIT Certification Job Practice
CGEIT Certification Job Practice Job Practice A job practice serves as the basis for the exam and the experience requirements to earn the CGEIT certification. This job practice consists of task and knowledge
More informationPractices in Enterprise Risk Management
Practices in Enterprise Risk Management John Foulley Risk Management Practices Head SAS Institute Asia Pacific What is ERM? Enterprise risk management is a process, effected by an entity s board of directors,
More informationSuccessful ERM Program Standards. Definitions of Enterprise Risk Management (ERM)
1 Successful ERM Program Standards Enterprise Risk Management Vendor Management Business Continuity IT GRC Internal Audit Regulatory Compliance Manager William C. Hord V.P. of Enterprise Risk Management
More informationAML model risk management and validation
AML model risk management and validation Who we are EY s Anti-Money Laundering (AML) and Regulatory Compliance Technology practice is a global team of client-serving, financial services professionals.
More informationCOMPLIANCE REIMAGINED THE AML COMPLIANCE LANDSCAPE. Financial institutions seek enterprise-wide, cost-effective solutions
COMPLIANCE REIMAGINED THE AML COMPLIANCE LANDSCAPE Financial institutions seek enterprise-wide, cost-effective solutions Earlier this year, the Financial Industry Regulatory Authority (FINRA) issued its
More informationBank M2M Europe MAJOR ENHANCEMENTS IN AML/CTF COMPLIANCE AND OTHER RELEVANT DEVELOPMENTS
Bank M2M Europe MAJOR ENHANCEMENTS IN AML/CTF COMPLIANCE AND OTHER RELEVANT DEVELOPMENTS FACTSHEET MAJOR ENHANCEMENTS IN AML/CTF COMPLIANCE AND OTHER RELEVANT DEVELOPMENTS PROFILE OF THE BANK Brief description
More informationOPERATIONAL RISK EXAMINATION TECHNIQUES
OPERATIONAL RISK EXAMINATION TECHNIQUES 1 OVERVIEW Examination Planning Oversight Policies, Procedures, and Limits Measurement, Monitoring, and MIS Internal Controls and Audit 2 Risk Assessment: Develop
More informationBoard Terms of Reference
Group Board of Directors Board Terms of Reference Chair Members Attendees Additional Invitees Quorum Meeting Frequency Secretary This Board receives its authority from The Chairman of Group 1 as appointed
More informationIMAS Guidance to Assessing Money Laundering and Financing of Terrorism (ML/FT) Risk
IMAS Guidance to Assessing Money Laundering and Financing of Terrorism (ML/FT) Risk Please note that this template is intended only to provide general guidance to assessing ML/FT risk. It is not meant
More informationOptimizing an Enterprise Wide Effective Vendor Risk Management Program. Pam Schott Head and VP Enterprise Supplier Governance
Optimizing an Enterprise Wide Effective Vendor Risk Program Pam Schott Head and VP Enterprise Supplier Governance June 1, 2015 Emerging Industry Trends As Procurement organizations mature; their focus
More informationCertificate in Internal Audit 3
Certificate in Internal Audit 3 Risk Based Auditing- the next level Who should attend? Heads of Audit, Audit managers and senior auditors Auditors responsible for developing or implementing a risk based
More informationTOO BIG TO SUCCEED. Top 5 AML Challenges in These forces produce a set of common challenges:
Top 5 AML Challenges in 2016 60% Increased regulatory expectations 50% Having enough trained staff 41% Insufficient/outdated technology TOO BIG TO SUCCEED Risk and compliance managers for financial services
More informationCancer Prevention & Research Institute of Texas. IA # Internal Audit Report over Communication Report Date: April 30, 2018 Issued: May 25, 2018
IA # 04-18 Internal Audit Report over Communication Report Date: Issued: May 25, 2018 C O N T E N T S Page Internal Audit Report Transmittal Letter To The Oversight Committee.... 1 Background... 2 Audit
More informationAbu Dhabi Commercial Bank PJSC Code of Corporate Governance
Definitions In this code, the following words and phrases shall have the meanings assigned to them below: Audit Committee Bank Best Practices Board Chairman Code Directors Executive Director GCEO GCFO
More informationDFSNY Rule 504 Gathering the Evidence
MIZEN PERSPECTIVES DFSNY Rule 504 Gathering the Evidence The evidence required to support certification under DFSNY Rule 504 is extensive. This paper highlights some of the considerations involved in collecting
More informationAdvisory Services for Financial Institutions Creating value through collaboration
Advisory Services for Financial Institutions Creating value through collaboration Fiserv is committed to delivering technology solutions and expertise that create value for your financial institution and
More informationFCPA 3 rd Party Management for M&A Activity
FCPA 3 rd Party Management for M&A Activity Tom Fox Tom Fox Law Greg Dickinson CEO, Hiperos Presenters: Thomas Fox, Tom Fox Law Greg Dickinson, CEO Hiperos 2 2013 Hiperos All rights reserved. Who is Hiperos?
More informationAML Model Validation in Compliance with OCC 11-12: Supervisory Guidance on Model Risk Management
ACAMS White Paper AML Model Validation in Compliance with OCC 11-12: Supervisory Guidance on Model Risk Management Supervisory Guidance on Model Risk Management By: Susan Devine, CPA, CAMS Senior Consultant,
More informationThe web seminar has not yet started: A sound check will be performed 5 minutes before the start time.
The web seminar has not yet started: A sound check will be performed 5 minutes before the start time. COPYRIGHT NOTICE USE OF WEBEX LOGIN/PASSWORD FOR ACAMS WEB SEMINARS Each site license entitles registrant
More informationKYC compliance strategies that your customers will love
KYC compliance strategies that your customers will love Introducing: Anthony Bracco PNC Bank Greg Carmean Experian Victorious warriors win first and then go to war, while defeated warriors go to war first
More informationCOPYRIGHT NOTICE USE OF WEBEX LOGIN/PASSWORD FOR ACAMS WEB SEMINARS
COPYRIGHT NOTICE USE OF WEBEX LOGIN/PASSWORD FOR ACAMS WEB SEMINARS Each site license entitles registrant to one login: one phone connection (if accessing audio via teleconference) and one Internet connection
More informationACAMS Utilizing Internal Audits to Pinpoint Gaps in Your Institution s AML Program
ACAMS Utilizing Internal Audits to Pinpoint Gaps in Your Institution s AML Program Mitigating AML Risk Seminar Series November 30, 2011 New York 1 Discussion Topics Internal Audit In the Crosshairs of
More informationAuditing Police Overtime: City of Seattle Case Study
Auditing Police Overtime: City of Seattle Case Study OFFICE OF CITY AUDITOR NOVEMBER 1, 2016 OPENING REMARKS Moderator Kinney Poynter Executive Director NASACT Auditor-in-Charge Robin Howe Manager, Internal
More informationTHE CIBSE TRAINING & DEVELOPMENT MANUAL
THE CIBSE TRAINING & DEVELOPMENT MANUAL Information for Companies Leading to LCIBSE EngTech, ACIBSE IEng, MCIBSE IEng and MCIBSE CEng Chartered Institution of Building Services Engineers Registered Charity
More informationINTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS BOARD INTERIM TERMS OF REFERENCE
INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS BOARD INTERIM TERMS OF REFERENCE (Approved November 2004) CONTENTS Paragraph Purpose of the International Public Sector Accounting Standards Board... 1
More informationYour committee: Evaluates the "tone at the top" and the company's culture, understanding their relevance to financial reporting and compliance
Audit Committee Self-assessment Guide The following guide summarizes leading audit committee practices discussed in the "Audit Committee Effectiveness- What Works Best" report. You may use it to help assess
More informationSTRATEGIES FOR REDUCING AML CASE PROCESSING TIMES
1 INTRODUCTION As organizations deal with rising regulatory expectations and increasing scrutiny, they confront the prospect of compliance cost increases that exceed their growth in top-line revenue. Many
More informationAdvanced Compliance & AML Seminar
The Cyprus Fiduciary Association proudly presents: Advanced Compliance & AML Monday, 29 October 2018 09:00-13:30 Columbia Plaza Venue Centre Limassol Tuesday, 30 October 2018 09:00-13:30 Semeli Hotel Nicosia
More informationCompliance Risk Management Powers Performance
Compliance Risk Management Powers Performance February 2018 Proposal title goes here Section title goes here Today s business climate is characterized by disruption and volatility. At Deloitte, we help
More informationAgenda. Enterprise Risk Management Defined. The Intersection of Enterprise-wide Risk Management (ERM) and Business Continuity Management (BCM)
The Intersection of Enterprise-wide Risk (ERM) and Business Continuity (BCM) Marc Dominus 2005 Protiviti Inc. EOE Agenda Terminology and Process Introductions ERM Process Overview BCM Process Overview
More informationEnterprise-wide Assessments to Mitigate Food Safety Risks
Enterprise-wide Assessments to Mitigate Food Safety Risks Bryan Armentrout, CEO The Food Leadership Group Jeff Chilton, VP of Professional Services Alchemy Systems December 13, 2017 Introduce Speakers
More informationThomson Reuters SCREENING RESOLUTION SERVICE
Thomson Reuters SCREENING RESOLUTION SERVICE Benefits Reduce the compliance burden and maximize existing staff resources Demonstrate a complete audit trail to regulators Improve regulatory compliance Adopt
More informationGlobal Anti-Corruption Programs:
Global Anti-Corruption Programs: Advanced Practice and Effectively Managing Risk Las Vegas, Nevada Jeff Killeen Compliance Attorney Investigations, 3M Elliott Leary Managing Director, Freeh Group International
More informationANTI-MONEY LAUNDERING, SANCTIONS & ANTICORRUPTION SOLUTIONS EXPERTS WITH IMPACT
ANTI-MONEY LAUNDERING, SANCTIONS & ANTICORRUPTION SOLUTIONS EXPERTS WITH IMPACT About Anti-Money Laundering, Sanctions & Anti-Corruption Solutions F Our professionals offer comprehensive solutions to financial
More informationCORPORATE GOVERNANCE POLICIES OF THE BOARD OF DIRECTORS
CORPORATE GOVERNANCE POLICIES OF THE BOARD OF DIRECTORS INTRODUCTION AND RESPONSIBILITIES The board of directors (the Board ) of NVIDIA Corporation (the Company ) has adopted these corporate governance
More informationAnti-Fraud Programs and Control Policy
Anti-Fraud Programs and Control Policy OVERVIEW This document provides an overview of the programs and controls Tahoe Resources Inc. ( Tahoe ) follows in order to evaluate fraud risk as it pertains to
More informationCommodity & Energy Risk Management
Commodity Introduction Organisations exposed to energy, metal, and agricultural commodity raw materials are increasingly challenged by competitive economies, volatile markets, and onerous regulatory and
More informationAstrus Third Party Intelligence
Astrus Third Party Intelligence Know your risks Introducing Astrus Enhanced Due Diligence and Astrus Monitoring www.kpmg.com/uk/astrus Astrus Background information Incorporation details Activities Addresses
More informationBe GDPR Ready. Irish Computer Society Data Protection Ireland s Only Complete Data Protection Solution. All courses accredited by
Be GDPR Ready Irish Computer Society Data Protection Ireland s Only Complete Data Protection Solution All courses accredited by 1 C o nte n ts We ve got the solution for you...1 European Certified Data
More informationCorporate Functions & Business Operations
Corporate Functions & Business Operations BlackRock was founded by eight entrepreneurs who wanted to start a very different company. One that combined the best of a financial leader and a technology pioneer.
More informationAchieve. Performance objectives
Achieve Performance objectives Performance objectives are benchmarks of effective performance that describe the types of work activities students and affiliates will be involved in as trainee accountants.
More informationRefocus your risk assessment lens Scale your ICFR program to focus on risks not benchmarks
Refocus your risk assessment lens Scale your ICFR program to focus on risks not benchmarks Refocus your internal control lens Transforming from a reactive to a proactive approach Welcome to the first paper
More informationPractice Guide. Developing the Internal Audit Strategic Plan
Practice Guide Developing the Internal Audit Strategic Plan JUly 2012 Table of Contents Executive Summary... 1 Introduction... 2 Strategic Plan Definition and Development... 2 Review of Strategic Plan...
More informationAUDIT AND RISK COMMITTEE CHARTER
AUDIT AND RISK COMMITTEE CHARTER Contents Page A. Introduction 1 B. Statement of Policy 1 C. Perspective 1 D. Roles and Responsibilities 2 E. Membership 7 F. Meetings and Schedule of Activities 7 G. Reporting
More information2013 New COSO 2013 Framework and Current Trends in Risk Management
2013 New COSO 2013 Framework and Current Trends in Risk Management Session 105 IASA 86 TH ANNUAL EDUCATIONAL CONFERENCE & BUSINESS SHOW Agenda COSO 2013 framework Overview Why the update? What has been
More informationThe Sector Skills Council for the Financial Services Industry. National Occupational Standards. Risk Management for the Financial Sector
The Sector Skills Council for the Financial Services Industry National Occupational Standards Risk Management for the Financial Sector Final version approved April 2009 IMPORTANT NOTES These National Occupational
More informationBUSINESS VALUE, GOVERNANCE AND RISK
SINGAPORE QP SYLLABUS HANDBOOK BUSINESS VALUE, GOVERNANCE AND RISK 2014-2015 SINGAPORE QP SYLLABUS HANDBOOK BUSINESS VALUE, GOVERNANCE AND RISK 1 SINGAPORE QP SYLLABUS HANDBOOK BUSINESS VALUE, GOVERNANCE
More informationCustomer Due Diligence Risk-Based Approach. Dan Soto CCO Ally Financial
Welcome Customer Due Diligence Risk-Based Approach Megan Hodge CCO RBC Bank Dan Soto CCO Ally Financial Agenda Risk Based Approach Customer Risk Scoring Enhanced Due Diligence Case Studies Evolution of
More informationFinance & Audit Committee Meeting
Finance & Audit Committee Meeting Third Quarter Fiscal Year 2017 January 25, 2017 Page 1 Page 2 Audit Update Risk Management Framework (Prior Meeting Follow up) A sustainable risk management framework
More informationBasel Committee on Banking Supervision. Stress testing principles
Basel Committee on Banking Supervision Stress testing principles October 2018 This publication is available on the BIS website (www.bis.org). Bank for International Settlements 2018. All rights reserved.
More informationApplying for membership
Applying for membership ASSESSMENT OF PRACTICAL EXPERIENCE Updated Practical Experience Requirements (PER) from 1 February 2016 Contents Introduction 1 CGMA Competency Framework 2 CGMA Competency Framework
More informationCMAA. Certified Merger and Acquisition Advisor (CM & AA) Exam.
AMAA CMAA Certified Merger and Acquisition Advisor (CM & AA) Exam TYPE: DEMO http://www.examskey.com/cmaa.html Examskey AMAA CMAA exam demo product is here for you to test the quality of the product. This
More informationPortfolio Management Professional (PfMP ) Certification preparatory workshop Course Outline
Portfolio Management Professional (PfMP ) Certification preparatory workshop Course Outline Three days 21 PDUs This outline describes the coverage of the Portfolio Management Professional (PfMP ) Certification
More informationRegulatory Notice 13-42
Regulatory Notice 13-42 Comprehensive Automated Risk Data System FINRA Requests Comment on a Concept Proposal to Develop the Comprehensive Automated Risk Data System Comment Period Expires: February 21,
More informationConversation with Representative Hill A Financial Services Perspective
2 Confirmed Speakers Conversation with Representative Hill A Financial Services Perspective Key Note Speaker: Congressman French Hill (AR) U.S. House Committee on Financial Services Lessons Learned From
More informationThe U.S. Sentencing Guidelines Chapter 8 Revisions of 2010: What does it mean for you and your company?
The U.S. Sentencing Guidelines Chapter 8 Revisions of 2010: What does it mean for you and your company? An overview prepared for ACC members by Susan Hackett, ACC s Senior Vice President and General Counsel
More informationFMS New York/ New Jersey Chapter Meeting January 14, The Impact of Models. by: Scott Baranowski
FMS New York/ New Jersey Chapter Meeting January 14, 2015 The Impact of Models by: Scott Baranowski MEMBER OF PKF NORTH AMERICA, AN ASSOCIATION OF LEGALLY INDEPENDENT FIRMS 2010 Wolf & Company, P.C. About
More informationGovernance Committee Terms of Reference
Governance Committee Terms of Reference 1. Purpose The Governance Committee is responsible for: (i) (ii) (iii) (iv) (v) (vi) (vii) driving consistency in respect of governance and regulatory conduct matters
More informationAudit Committee Charter for XL Group Ltd
Audit Committee Charter for XL Group Ltd Audit Committee Charter for XL Group Ltd Purpose The Audit Committee is appointed by the Board to assist the Board in overseeing (1) the quality and integrity of
More informationJOB TITLE: VP, BSA Officer REPORTS TO: SVP, Deposit Operations and Regulatory Compliance/CRA Officer DEPARTMENT: Compliance
Name: TBD JOB DESCRIPTION JOB TITLE: VP, BSA Officer REPORTS TO: SVP, Deposit Operations and Regulatory Compliance/CRA Officer DEPARTMENT: 140 - Compliance EXEMPT GENERAL SCOPE / SUMMARY A brief description
More informationFinancial Services. Testing anxiety Bank Secrecy Act/Anti-money laundering independent testing survey
Financial Services Testing anxiety Bank Secrecy Act/Anti-money laundering independent testing survey Contents Executive summary 1 Introduction 2 Organizational structure and resources 3 Use of third-party
More information