• Conducting look-back analysis on previously filed SARs to identify and rectify issues such as incomplete narratives
• Reviewing clients with multiple SARs to establish efficacy of ongoing monitoring and account exiting systems
• Performing independent reviews on historical SARs to critique adequacy of investigative, documentation and filing decision systems
Presented by EY
Too often, AML officers get caught between two worlds. One is a hard-charging banking culture that rewards risk-taking. The other: A regulatory realm that expects AML managers to manage risks and ensure institutional ethics are up to standards. The pressures are growing, as evidenced by recent enforcement actions on rogue sales practices and regulatory demands for a quantifiable culture of compliance. At this session, experts analyze the contrasting demands in depth, mapping practical strategies for balancing professional, regulatory and institutional interests.
• Detailing susceptible attack points including mobile channels and business partners with access to data systems to fortify digital defenses
• Educating customers on digital security vulnerabilities and resources such as the multi-agency Internet Crime Complaint Center to combat cyber-fraud
• Promptly reporting cyber incidents internally and to law enforcement and utilizing support networks such as Financial Services Information Sharing and Analysis Center