Recently, U.S. financial institutions have faced severe penalties as a result of having weak BSA/AML compliance programs for their foreign correspondent banking accounts. This course will discuss practical applications of the regulatory requirements, with a particular emphasis on nested accounts.
This course is designed for both U.S. financial institutions offering correspondent banking as well as for foreign financial institutions which have or are seeking a U.S. correspondent banking relationship.
Who Should Attend:
This certificate is ideal for AML/CFT compliance and audit personnel, regulators and financial institution supervisors, marketing staff and business managers.
Upon completing this certification, you will: understand the risks associated with foreign correspondent banking and learn the practical tools for addressing those risks within your compliance program.
Language: English & Spanish
Delivery Method: In person