TrainBanking

Managing the Alert/Case Clearing Investigation Process - BSA/AML/OFAC Compliance

This webinar will discuss the current “industry best practice” for the alert/case management investigation process, and any guidance from the regulators. The instructor will cover a sample methodology meant to demonstrate what your institution may be doing, and opportunities to improve it. Participants will understand about the rules/scenarios thresholds that are leading to alerts/cases. It will help you answer

  • What is your escalation process?
  • What policies guide your investigation process?
  • What policies dictate when you file an alert/case?

Live Online Training
October 07, Wednesday 11:00 AM PDT | 02:00 PM EDT (60 Min)

$199.00
One Dial-in One Attendee
$499.00
Group-Max. 10 Attendees/Location
(For multiple locations contact Customer Care)

Recorded Version

$249.00
1x Person - Unlimited viewing for 6 Months (For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My Account Section 48 hrs after completion of Live training

Training CD / USB Drive

$399.00
One CD/USB is for usage in one location only.
(For multiple locations contact Customer Care)
CD/USB and Ref. material will be shipped within 15 business days after completion of Live training
Customer Care

Fax: +1-650-362-2367

Email: customercare@trainbanking.com

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Why Should You Attend:

The art and science of Alert/Case Investigation has matured along with other elements of BSA/AML/OFAC Compliance, spurred on by ever more stringent regulations and stricter adherence to the letter and spirit of the rules by examiners. As with many other of the elements of BSA Compliance, there is little official guidance. OFAC has provided some guidance as to how to clear and manage sanctions "hits."

In this training session, we will explore the components of a loosely defined "industry practice" alert and case clearing methodology. What are the corresponding quality control issues and the importance of an alert/case management system? It will help you answer the listed below questions:

  • What makes good investigation?
  • What is enough to determine the difference between a false positive and true positive?
  • What constitutes a practical and proper escalation process?
  • Who decides when the case becomes a matter for filing?
  • At what point do excessive numbers of false positives lead to revision of rules/scenarios thresholds?
Areas Covered in the Webinar:
  • The industry standard for the investigation process.
  • Alert and case clearing methodology.
  • The quality control issues that can arise.
  • The importance of an alert/case management system.
  • Determining the difference between a false positive and a true positive.
  • The escalation process – what is practical and proper and at what point you decide to file.
  • Determining what might be excessive false positives for your institution and how to “fix” that.
Who Will Benefit:
  • BSA/AML Officers
  • Compliance Officers
  • Chief Compliance Officers
  • Sanctions Officers
  • AML Analysts
  • Risk Officers
  • Chief Risk Officers
  • Legal Departments
  • Risk Managers
  • CEO/Presidents
  • Banks
  • Broker-Dealers
  • Money Services Businesses
  • Other non-bank financial institutions
Instructor Profile:
William Schlameuss William Schlameuss

Consultant, ARC Risk and Complianc

William Schlameuss has over 20 years’ experience in regulatory compliance, including BSA/AML/OFAC. He has worked with a wide range of US branches of major foreign banking organizations from all continents, both as chief compliance officer and compliance consultant. He has a prior background in IT as manager and implementer of core banking and payment systems, as well as compliance-related systems.

Mr. Schlameuss has extensive experience with State and Federal Banking regulators in examination preparation, assistance and response, including assistance in the remediation of written agreements for clients.

As a project manager Mr. Schlameuss has led BSA/AML audits, BSA/OFAC Model Validations, remediation efforts of BSA audit issues, and BSA/OFAC look-backs for international banks, both self-imposed and directed by regulatory authorities. Model Validations included Prime, FCRM, Patriot Officer, Actimize, and eGIFTS.

He has conducted the Annual 3130 Supervisory Reviews for Broker-Dealers of the US branches of major FBOs. Mr. Schlameuss is also a member of the Association of International Bank Auditors and the International Bank Regulatory Compliance Committee.

Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. TrainBanking would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email customercare@trainbanking.com call +1-888-771-6965 (Toll Free).

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