CANCELLED: September 5/Web: Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Fundamentals #MCLE

UPDATE 9/5/2012: This seminar has been cancelled, according to an announcement at afda.org. I apologize for any inconvenience.

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This program covers:

• The four pillars of an AML Program: Policies, procedures and internal controls; appointment of a compliance officer; training; and periodic AML audit/review. How the four pillars and other BSA/AML requirements dovetail with the compliance program elements of the Federal Sentencing Guidelines.
• Potemkin village compliance: How the HSBC case illustrates that the facade of compliance can be not only high risk but high cost.
• Red flags for BSA/AML compliance failures: Why you never want to overlook obvious failures in compliance, mistakes in terminology and indicators of big things gone wrong.

Title: 
Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Fundamentals: How to build a compliance culture and avoid civil, administrative and criminal penalties
When/Where:
Wed, September 5, 2012
9:00 – 10:30 PDT; 12:00 noon – 1:30 EDT
Online video presentation on AFDA website: www.afda.org
(The link is not present as of this posting but should be made available by the time of the program)
Fee:
No Charge To Attend.
All Are Welcome.
Spreaker:
Ross Delston is a banking lawyer with over 30 years of experience in banking regulation, deposit insurance, bank failures, bank insolvency, trade finance, and Bank Secrecy Act and anti-money laundering (BSA/AML) compliance. Currently retained as an expert witness on BSA/AML compliance issues in civil and administrative cases. Conduct BSA/AML independent audits for financial services firms, including MSBs and broker-dealers. Currently advising a major offshore financial center on strengthening its AML/CFT framework. Advise financial institutions, industrial companies, US government agencies, and law, accounting and consulting firms on BSA/AML compliance, banking and deposit insurance issues. Consultant to International Monetary Fund since 1997 on banking, bank restructuring, deposit insurance, bank insolvency and AML/CFT matters. Consultant to World Bank since 1998 on banking, deposit insurance, resolutions and bank insolvency matters. Learn more about him at www.linkedin.com/in/rossdelston.
More Information is at "Free CLE on the Bank Secrecy Act and Anti-Money Laundering Fundamentals", by Attorney Rob Ruth, who earns our thanks for posting it!