TINNGHIA-TNMONEX

Training Categories

AML and Correspondent Banking Relationship

COURSE SUMMARY

The money laundering field has changed and expanded dramatically in recent years. Financial crimes, specifically money-laundering schemes, grow unchecked in both complexity and volume. As the threat landscape changes continuously, it’s more important than ever that financial institutions elevate their defensive posture to match the increasingly perilous terrain. To confront a growing number of threats and more savvy criminals, professionals in anti-money laundering roles need training that goes beyond the basics.
This AML Training is an extensive online training course built for this new reality of financial crime. It starts with an in-depth review of foundational AML training topics and best practices, then goes beyond to cover the advances in technology that could be applied to strengthen your organization’s AML/CTF program.

Key course highlights:

Anti – money laundering trends and regulations update
The U.S. Anti-money Laundering Act 2020 and its compliance expectations
BSA/AML Program Modernization
AI/ Machine Learning Application to solve the issue of traditional BSA/AML solutions.

Target Audience
This course is suitable for senior managers with responsibility for, or involvement in, the development or implementation of AML policies and procedures. It will also highly benefit financial officers, financial controllers, accountants, Money Laundering reporting officers, compliance officers, managers, auditors and staff with duties requiring AML compliance.

Venue and Time
Option 1: 11 – 15 September 2023
- 11 September to 15 September: Aria Hotel, Nevada

Morning section: 9:00 am – 12:00 am
Afternoon section: 1:00 pm - 5:00 pm

- 15 September, 9:00 am–7:00 pm: Field trip & Closing at Hyatt Regency Orange County, CA
Option 2: 18 September – 22 September 2023
- 18-21 September 2023: Aria Hotel, Nevada

Morning section: 9:00 am - 12:00 am
Afternoon section: 1:00 pm - 5:00 pm

- 22 September 2023, 9:00am–7:00pm: Field trip & Closing at Hyatt Regency Orange County, CA
Option 3: 2 – 6 October 2023
- 2 – 5 October 2023: Aria Hotel, Nevada

Morning section: 9:00 am - 12:00 am
Afternoon section: 1:00 pm - 5:00 pm

- 6 October 2023, 9:00am–7:00pm: Field trip & Closing at Hyatt Regency Orange County, CA

AGENDA

TOPIC	DESCRIPTION / TIME
SECTION A	DAY 1 & DAY 2
I. AML: Past, Present and a New Future – Regulation Perspective
1. History of Anti-money LaunderingLaws in the US	U.S. Key BSA/AMLRegulatory Developments Timeline U.S. Enforcement Developments International Developments
2. AML Evolution in Vietnam	Legal Framework and Compliance Status Overview
II. Compliance Culture & Risks of Non-compliance	Risks of non-compliance: Cases study Compliance culture and the Board of Directors’ roles in AML compliance
III. Anti-money Laundering Act 2020 (AMLA 2020)	AMLA 2020 Aim at Increasing BSA/AML Effectiveness and Modernization Increased BSA/AML Enforcement Tools and Authority Expanded BSA/AML Penalties Expanded Subpoenas Authority for Foreign Bank Records AMLA 2020 and Its Influence to the Development of AML/CTF Legislation Worldwide
IV. FinCEN’s National Priorities: How Effective is Your AML/CTF Program	The first FinCEN’s 8 National Priorities and its Compliance Expectations. How “Effective” and “Reasonably Designed” your AML/CTF Program are?
V. Money Laundering and Correspondent Banking	Money Laundering Risks posed by Respondent Banks and their Customers Practices for better understanding and managing the KYC and AML risks of respondent banking relationships. Technology systems and innovations that can strengthen correspondent banking risk governance.
VI. Sanctions
1. Sanctions Origin and Legal Framework	Sanctions Origins Sanction Creation and Enforcement
2. Sanctions Violations and Typical Sanction Evasion Schemes	Shell Companies Trade Finance Correspondent Banking Cryptocurrency (Venezuela “petro” digital currency, etc.)
3. US Sanctions Update	Key updates on the US Sanctions Ukraine-/Russia- Related Sanctions
4. Sanctions Compliance Program	Identifying and Managing Sanctions Risk Key Aspects of a Robust and Effective Sanctions Compliance Program Sanctions Strategies for Strengthening Sanctions Compliance
SECTION B	DAY 3
I. AML Program Modernization	Current Challenges Across the AML Program The Need for AML Program Modernization Anatomy of A Modern AML Program Operation Considerations
II. Enterprise-Wide Risk Assessment (EWRA) to Reflect New Threats/New Regulation Requirements and to Build a Modern Comprehensive AML/CTF Program	Inherent Risks Vs. Residual Risks Inherent Risks Considerations EWRA – Stakeholder Engagement, Stakeholder Accountability and Partnering for Success Risk Assessment Cycle
III. AI, Machine Learning for AML Program Modernization
1. Challenges of Traditional AML Solutions	CompromiseCustomer Experience due to High False Positives Labor Intensive Inefficient due to Manual Involvements
2. AML Tasks with Possible AI Application	Customer Identification and Verification (KYC) Transaction Monitoring Identification and Implementation of Regulatory Updates Automated Data Reporting
3. Challenges for AI and Machine Learning as Part of AML Solutions	Data Quality Explainability of the Results
SECTION C	DAY 4
I. The Future of Transaction Monitoring	Challenges in Transaction Monitoring Regulatory Lanscape Use of Advancements in Technology
II. Conducting or Supporting the Investigation Process
1.Responding to Law Enforcement Investigation	Law Enforcement Investigations How to respond to Law Enforcement Investigation
2.Conducting an internal investigation	Internal Investigation Necessary Steps in Conducting the Investigation Exploiting the Internet for Money Laundering Investigation
3.Supporting the Investigation process	AML Cooperation Between Countries Mutual Legal Assistance Treaties Financial Intelligence Unit The Supervisory Channel FATF Recommendations on Cooperation Between Countries
SECTION D	DAY 5
Site visit and experience sharing from a US banks or money transmitter’s head office/agents.
1. Introduction of the Bank’s AML program	A successful AML Program: accountability and commitment on behalf of Management/Board of Directors Challenges and obstacles in responding to changes and updates in laws and regulations Transaction monitoring and filtering system
2. Case study	Real cases experienced by the Bank/Money Transmitter

OUR LECTURES

1. Our Philosophy:

“We committed to provide the most comprehensive compliance training for every single client so that our clients will always do the right thing each and every single time.”

2. Our Lecturers’ Qualification:

a. At least 9 years experiences dealing with the U.S. banks and the U.S. State and Federal regulators in compliance aspect
b. CAMS ( Certified Anti-Money Laundering Specialists) Certificate Holder
c. Updating knowledge about AML & CFT Laws and Regulations every year via professional compliance conference and the U.S. regulators conference
d. Partnership with
- i. Edward Brady, CAMS, President and Lead Independent BSA / AML Compliance Consultant at A.E.B. Consulting Services, 5 years experience in AML training, plus 4 years working as Chief Compliance Officer for Money Service Business.
- ii. Hanh Le, CAMS, Chief Compliance Officer at VCB Money, Inc. 15 years of experience in AML.
- iii. Duong Le, former Director of AML Department of Vietcombank, former Deputy Director of Banking Technology Modernization Board of Vietcombank with over 32 years of experience in Banking and Compliance.

FEES AND APPLICATION

Fee: US$ 4,500.00 per participant

(Including coffee breaks; No meals provided; Travel expenses for airfare, hotels and transportation costs if any are on participants’ own account)

Discount for group registration:

5% discount for group of 6 – 10 participants,
10% discount for group of 10 – 20 participants
15% discount for group of over 20 participants

Application:

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Call +1-855-886-6663

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Training Categories

AML and Correspondent Banking Relationship

SECTION A