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Correspondent Banking 03/14/19 Miami
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AML for Correspondent Banking - Certificate Program

When: March 14, 2019
9:00 am - 5:00 pm
Where: InterContinental Hotel Miami
100 Chopin Plaza
Miami, Florida  33130
United States
Presenter: Maria Jose Fox
Contact: FIBA Training
(305) 579-0086

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Registration Fees

  FIBA Members: $495 USD
  Non-Members: $595 USD
  **2019 FIBA AML Compliance Conference Attendees: 15% off with promo code**

Program Overview

The risks posed by correspondent banking are of concern to regulators, bankers, and broker-dealers in securities alike. U.S. financial institutions have faced severe penalties as a result of their foreign correspondent banks having weak BSA/AML compliance programs. The various sections of the USA PATRIOT Act and implementing regulations in the Bank Secrecy Act have been in final form of a number of years now.

This course will discuss the 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 U.S. correspondent banking relationships. U.S. financial institutions will acquire practical knowledge to apply to their correspondent compliance programs. Foreign financial institution will have a much better understanding and appreciation for the requirements of the correspondent bank and be better able to demonstrate its compliance program and contract requirements.

Eligibility & Preparation

Prior to beginning the course participants should complete the pre-course reading list. Anticipated reading time: 5-7 hours.

Who Should Attend

  • AML/CFT Compliance Personnel
  • Audit Personnel
  • Regulators/Supervisors Of Financial Institutions
  • Marketing Professionals
  • Business Managers
  • Consultants


In-person, 1 Day (8 hours)


  Chapter 1: History and Regulatory Expectations
  Chapter 2: Correspondent Banking Overview

  • Banking Sector
  • Non-Banking Financial Institutions
  • Money Transmitters and MSBs
  Chapter 3: Risk Rating Methodology
  Chapter 4: Due Diligence Programs
  Chapter 5: Transaction Monitoring
  • Case Studies
  Chapter 6: Contract Considerations