Politically Exposed Persons and Your Institution – Identifying, Handling, and Banking

Thursday, December 17, 2020
2:00 PM ET / 1:00 PM CT

2020 has brought many areas of BSA/AML into the spotlight and Politically Exposed Persons (PEPs) are no different. The recent FinCEN Files unearthed examples of corruption with PEPs occurring within the industry making many financial crime fighters ask how they should be handling these high-risk customers. In this session, our experts tackle the realities of banking PEPs, the risks involved, and the steps you can take to ensure your program is prepared.

Join this session to learn:

  • What the latest regulations say about PEPs and the risks they pose
  • Best practices for identifying and handling Politically Exposed Persons
  • How to structure your compliance program to adequately screen PEPs

This session is eligible for 1.25 credits CAFP & CRCM

Meet Your Presenter

Andres Tapia, CAMS, GAMS, CFE

Andres Tapia,  CAMS, GAMS, CFE, brings 15 years of financial service experience working with community banks ranging in asset size from $1 billion in assets to large regional banks of up to $125 billion in assets. Andres has managed retail and compliance teams and has gained experience in retail banking, private banking, fraud, physical security, and BSA/AML compliance. He has previously worked as a BSA/AML officer and implemented transaction monitoring software as well as core banking software programs. He is bilingual and, prior to joining Abrigo, formerly Banker’s Toolbox, managed multiple groups of compliance analysts and investigators at a financial institution along the US-Mexico border. Today, as Manager of Consulting, Andres leads the Risk Management Consultants for the anti-money laundering advisory division of Abrigo. Andres is a certified anti-money laundering specialist (CAMS), gaming anti-money laundering specialist (GAMS), a member of the Association of Certified Anti-Money Laundering Specialists (ACAMS), a member of the Institute for Certified Gaming Industry Professionals (ICGIP), and a member of the Association of Certified Fraud Examiners. Andres earned his MBA from Belmont University in Nashville.

Full Bio

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