Speaker: Jim George Key Take AwayLearn AML requirements on how to manage high-risk transactions and what the options are for completing this by making calculated judgements in all categoriesOverviewAML operations, systems, and processes are designed to provide sound compliance and appropriate reporting of suspicious activity to regulators on SARS. Staff training plan to properly identify the high-risk activity will focus compliance priorities. Properly managing high-risk transactions when they are identified is equally important. Together, they help avoid reporting failures which can lead to sanctions against the bank. This webinar covers both the identification and the management aspects of compliance.Why Should You AttendAML staff have a more difficult challenge than Anti-fraud staff because anything the Fraud people miss will eventually be caught and can serve as lessons learned. Formal training is far more important with AML because, if money laundering transactions are missed, you will never know it happened and there is more AML risk as a result.Areas Covered In This WebinarWe will discuss each of the characteristics which can cause a transaction to be considered high-risk  For each, we will discuss where in the bank’s organization each type of work will need to be performedWe will identify key places in the workflow where communication to other areas is necessary and why there have been failures at this in the pastWe will look techniques for controlling and managing high-risk transactionsWe will discuss each of the end results that may occur: Weighing analytical enginesSpecial reviewsSAR trainingEnd the customer relationshipSection 314(b) sharing with other institutionsLearning ObjectivesLearn what are elements of transactions which can cause a transaction to be considered “high-risk”’ and how to make judgments in each category:Countries involvedCustomers involvedCounterparties involvedProduct type or transaction typeLearn AML requirements on how to manage high-risk transactions and what the options are for completing thatWho Will BenefitLeaders from BankingLeaders from BrokerageAny Financial Services company which have compliance and aml requirementsLevelBeginner