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21 Mar through 21 Mar 2022 |
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https://www.complianceonline.com/banking-msbs-bsa-aml-risks-mitigation-of-risks-and-rewards-webinar-
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Keywords:
Event description:
In this webinar Banks and Credit Unions (Financial Institutions) will gain a core understanding of the BSA/AML risks, risk mitigation techniques and potential rewards of banking MSBs. This course is designed to assist Financial Institutions in formulating their strategy for banking MSBs, regulatory bodies overseeing MSB compliance, income and expense characteristics in banking MSBs, balance sheet impacts, perceptions and misperceptions of MSBs, risk between MSB entities and how to strengthen your financial institution’s BSA/AML program.
Why Should You Attend:
Financial Institutions contemplating expanding or launching banking services for MSBs, or conversely existing the business, will benefit by understanding of the critical information that needs to be considered in the unbiased decision making process. Equipped with the appropriate set of data points, management will be enabled to determine the best strategy for their institution regarding the MSB segment.
Learning Objec...
Read more
In this webinar Banks and Credit Unions (Financial Institutions) will gain a core understanding of the BSA/AML risks, risk mitigation techniques and potential rewards of banking MSBs. This course is designed to assist Financial Institutions in formulating their strategy for banking MSBs, regulatory bodies overseeing MSB compliance, income and expense characteristics in banking MSBs, balance sheet impacts, perceptions and misperceptions of MSBs, risk between MSB entities and how to strengthen your financial institution’s BSA/AML program.
Why Should You Attend:
Financial Institutions contemplating expanding or launching banking services for MSBs, or conversely existing the business, will benefit by understanding of the critical information that needs to be considered in the unbiased decision making process. Equipped with the appropriate set of data points, management will be enabled to determine the best strategy for their institution regarding the MSB segment.
Learning Objectives:
Understanding the regulatory bodies overseeing MSB compliance as well as the multiple Industry Associations that support their well being
How to challenge your institution’s assumptions and views of MSBs
Learn the income and expense characteristics of Financial Institutions deploying a “line of Business” methodology in banking MSBs
What are the likely balance sheet impacts for Financial Institutions in banking MSBs
While all MSBs are generally considered high risk for BSA/AML, gain an understanding of the specific risk rating (low, medium and high) drivers for each individual MSB served
Assessing the appropriateness and rigor of an MSB customer’s BSA/AML Program
Areas Covered in the Webinar:
Market challenges facing Financial Institutions within the current BSA/AML de-risking environment
Defining MSBs and other higher risk “payments” entities
Perceptions and misperceptions of MSBs
Treasury / Cash Management products and services that are generally of the highest demand for MSBs
Varying levels of risk between MSB entities within the same type of MSB industry
Indications that an MSB’s BSA/AML compliance program is or is not a “check the box” regime
Primary concerns of regulators with those Financial Institutions expanding services with MSB customers
The “investments” financial institutions need to consider in expanding services and relationships with higher BSA/AML risk customers
Who Will Benefit:
Compliance Officer
BSA Officer
BSA/AML Managers
Risk Officer
Risk Manager
Risk Committee Member
Internal Auditor
Audit Officer and/or Manager
Audit Committee Member
Financial Officer and/or Manager
Controller
Posting date:
15 March 2022 |
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