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This webinar will discuss the techniques for controlling and managing the High-Risk Transactions. The Instructor will discuss the parameters for identifying and qualifying transactions as high risk and process and communication to be followed. He will also discuss how to resolve the end result.


Learn what are elements of transactions which can cause a transaction to be considered “high-risk”’ and how to make judgments in each category:

  • Countries involved
  • Customers involved
  • Counterparties involved
  • Product type or transaction type
  • International correspondent banking
  • Learn how to manage high-risk transactions and what the options are for completing that.

AML operations, systems, and processes are designed to provide sound compliance and appropriate reporting of Suspicious Activity to Regulators on SARS. Properly identifying the high-risk activity will focus on compliance priorities properly. Properly managing high-risk transactions when they are identified is equally important. Together, they help avoid reporting failures which can lead to sanctions against the bank.

This topic covers both the identification and management aspects of high-risk transactions. International Correspondent Banking is, particularly, a high-risk area with its own unique risk set.


  • Characteristics that can cause a transaction to be considered high-risk
  • In the bank’s organization, type of work that will need to be performed
  • Identify key places in the workflow where communication to other areas is necessary and why there have been failures at this in the past.
  • Techniques for controlling and managing high-risk transactions
  • End results that may occur:
  • Weighing analytical engines
  • Special reviews
  • SAR
  • End the customer relationship
  • Section 314(b) sharing with other institutions

  • Fraud Professionals
  • Compliance Professionals
  • AML/BSA Professionals
  • Banking VP
  • Bank Director
  • Bank Supervisor
  • Bank Managers
  • Credit Unions Manager
  • Credit Unions VP
  • Credit Unions Director
  • Credit Unions Supervisor
  • Financial Services Managers
  • Financial Services VP
  • Financial Services Director
  • Financial Services Supervisor
  • Banking Professional
  • Credit Unions Professionals
  • Financial Services Professionals

Jim George is an independent consultant to banks focusing on issues of fraud. He has over 25 years’ experience as a consultant to major banks in an associate partner and principal roles at PricewaterhouseCoopers Consulting, IBM Consulting in Bank Risk and Compliance, and Andersen Consulting (now Accenture). He has also been SVP Operations for a Fortis-US division providing outsourcing services to the banking industry. His work includes projects in fraud investigation, fraud prevention, identity issues, compliance, and AML (anti-money laundering). His background also includes work in bank operations and payments strategy, reengineering, systems, and quality improvement.

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On Demand

Transcript

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$179

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$239

Training CD

Free shipment within 72 Hours, from the date of webinar completion.

$350

  

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