AML: The Space Between its Purpose and Existing Practices & Procedures
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AML: The Space Between its Purpose and Existing Practices & Procedures (MLC440S)
Overview Of Cultural Idiosyncrasies Affecting AML/BSA Compliance
AML compliance failures present economic and existential risks for the financial services industry, individuals and private sector players throughout the world through the use of international agreements and inter-governmental law enforcement cooperation.
Join Stanley I Foodman, CPA, CFE, CFF, CAMS, CGMA in this riveting session to get an overview of the drivers of AML in today’s world, the educational challenge facing compliance officers and their staff, the diversity of existing AML practices and procedures and the need for uniformity in reporting and AML analysis.
Stanley will also provide the PPT presentation to the attendees upon specific request via email (containing contact information).
Topics covered in the session
The cultural idiosyncrasies affecting AML/BSA compliance
The relationship between AML and political corruption and tax evasion worldwide
The most recent Financial Action Task Force recommendations
The distinction between checklists and understanding
The existential and economic risks of AML compliance failures.
Who should attend?
Compliance Officers and Upper Management of USFI’s (Banks, Trust Companies, Insurance Companies, Stock Brokerage firms, registered investment advisors for offshore mutual funds and options trading funds) as well as other designated IRS withholding agents.
Stanley Foodman, CPA, CFE, CFF, CAMS, CGMA is CEO of Foodman CPAs & Advisors. Mr. Foodman has extensive experience representing U.S. and non-U.S. taxpayers with U.S. and cross border tax reporting and governmental controversies. He uses his law enforcement background, extensive exper...
Disclaimer: The content herein does not represent any association between CFPB and Eli Financial LLC. CFPB neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.