5 Tips for Superior Risk-Based AML Compliance
When was the last time you evaluated your institution’s compliance program? Are you asking the right questions to understand the risk factors of prospects before they become your customers or members? This webinar will define what a “risk-based approach to AML compliance” means for your institution. Specifically, we will address the need for a strong customer risk assessment (Know Your Customer), monitoring of transactions, monitoring and reviews of business relationships on an ongoing basis and the need for awareness of higher risk factors with business customers. Learn about the concept of de-risking with respect to business portfolios and how to overcome some of the challenges that accompany a risk-based approach. You will leave this webinar with the resources necessary to kickstart a risk-based compliance initiative in your institution.
This webinar was approved for 1 CAMS, 1.25 CRCM, 1.25 CAFP, and 1.25 CFSSP credits.
Download to Learn:
- What “risk-based approach to AML compliance” means for your institution
- The concept of de-risking with respect to business portfolios
- The valuable benefits of a strong customer risk assessment, and ongoing monitoring of transactions and reviews of borrowers’ business relationships
About the Presenters
Debra Eshbaugh, CAMS
Senior Product Manager
Debra came to Banker’s Toolbox with 30 years of experience in the financial institution industry. She worked extensively with retail banking and lending before moving to bank operations. There she managed several areas including deposit processing, proof, ATM/cards, retail & commercial cash vaults and armored transport. She joined the Banker’s Toolbox product department in 2010. As the Product Manager over the BAM BSA Suite of products, Debra is responsible for managing new product development and ensuring compliance with regulatory requirements.
Head of External Alliances
G2 Web Services
Jane Hennessy is Head of External Alliances at G2 Web Services. G2 Web Services is a technology and services company that helps banks, processors and their partners ensure safer and more profitable commerce. Jane was previously Executive Vice President and Manager, Marketing, Strategy and Information Management, Cross-sell and International Personal Banking in the International Group, Wells Fargo Bank, N.A. Her responsibilities included marketing and strategy for all lines of international business. Prior to that, Jane was a Group Personnel Manager in Wells Fargo’s Wholesale Banking Group. She worked at Wells Fargo for over 20 years.
Jane has consulted for numerous banks, payment organizations and Fintech companies. She is on the Board of Directors of Oak Financial Software Corp. and a is member of the NACHA Payments Innovation Alliance. She has spoken extensively at conferences on topics including international payments, business customer risk, authentication and retail banking. Jane has a MBA from the University of Santa Clara, and MA and BA degrees from Michigan State University.