How to Develop and Defend Your Risk-Based AML Program
The OCC, FDIC, Federal Reserve, NCUA and FinCEN released a statement emphasizing their “risk-focused” approach to examining Bank Secrecy Act / anti-money laundering compliance programs. Is your AML program current with examination requirements and expectations? In this session, Terri Luttrell, CAMS-Audit, gives attendees an inside look into a risk-based program, how to develop a risk-based program, and what examiners will be looking for.
Watch to learn:
- What examiners announced in their statement
- Requirements in an enterprise wide risk assessment
- How your AML program should center around unique risk profiles
- Pitfalls to avoid that might otherwise flag examiner concerns
This session is eligible for 1 hour CAMS and CFCS and 1.25 hours CAFP and CRCM
Terri Luttrell, CAMS-Audit
Terri Luttrell is a seasoned AML professional and former director and AML/OFAC officer with over 20 years in the banking industry, working both in medium and large community and commercial banks ranging from $2 billion to $330 billion in asset size. She has successfully worked with institutions in developing BSA/OFAC programs, optimizing various automated solutions, and streamlining processes while ensuring all regulatory requirements are met. As the Compliance and Engagement Director at Abrigo, Terri provides insights that contribute and support long-term banking strategies based on analysis of market and industry trends, competitor developments, and financial and regulatory technology changes. She is an audit-certified anti-money laundering specialist and a board member of the Central Texas chapter of the Association of Certified Anti-Money Laundering Specialists (ACAMS). Terri earned her bachelor’s degree in business administration, specializing in business and finance, from the University of North Texas.