Print Page | Report Abuse | Sign In | Register
Correspondent Banking 06/04/19 Miami
Register Map this EventMap this Event Tell a Friend About This EventTell a Friend

Anti-Money Laundering for Correspondent Banking - Certificate Program

 Export to Your Calendar 6/4/2019
When: June 4th, 2019
9:00 am - 5:00 pm
Where: Map this event »
Hilton Miami Airport Blue Lagoon
5101 Blue Lagoon Dr
Miami, Florida  33126
United States
Presenter: Maria Jose Fox
Contact: FIBA Training
(305) 579-0086

Online registration is available until: 6/4/2019
« Go to Upcoming Event List  

Registration Fees

  FIBA Members & Government: $495 USD
  Non-Members: $595 USD

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.

INSTRUCTOR: Maria Jose Fox 

Ms. Fox has gained over 20 years of practical international, domestic and regulatory bank experience in the areas of private banking, credit and international bank examinations. She entered private practice and developed In Compliance We Trust Consulting, LLC (InCWeT).  Through her practice, Ms. Fox leads all-encompassing BSA and AML compliance programs – including transaction monitoring, client risk rating methodologies, OFAC procedures and KYC & EDD guidelines. In addition, she conducts employee training, performs BSA and OFAC risk assessments, and 314a and regulatory reports. She also manages and oversees KYC & EDD file remediation projects and GLBA, non-deposit investment product suitability and risk management.

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