Foreign Correspondent Banking: AML Risks, De-Risking Issues and Current Trends 2017

Topics

• US regulations addressing foreign correspondent banking
• Risks related to foreign correspondent banking
• KYC, CDD/EDD and the suspicious activity process
• Responsibilities of the correspondent and respondent bank
• How nesting should be addressed by the respondent bank
• FFIEC recommended examination procedures
• The need of ongoing communication between the correspondent and the respondent

Who should Attend

• Risk Managers
• BSA/AML Officers
• Compliance Officers
• BSA/AML Auditors
• Bank staff with on boarding responsibilities
• BSA/AML Analysts
• Bank staff with suspicious activity program responsibilities