AML Supervision for Broker-Dealers
July 12, 2016
Tuesday 1:00 PM - 3:00 PM (ET)
Compliance officers are required to supervise the anti-money laundering (AML) program of the firm, to assess and manage money laundering or terrorist financing risk, and to comply with AML laws. This session will identify the steps needed to assess a firm's policies, procedures and controls for identifying and managing risk and for taking remedial action where necessary. Instructors will explore both prescriptive as well as risk-based measures and best practices in determining an effective and compliant AML program based on the firm’s unique characteristics.
After attending this course, attendees should be able to:
- Review AML regulations specific to the broker-dealer environment
- Anticipate how to implement the new beneficial ownership and risk based customer due diligence requirements
- Use regulations and best practices to develop a robust AML compliance program that will withstand regulatory scrutiny
- Work effectively with regulators for the mutual benefit of the firm, its clients, compliance professionals and regulators
For whom: Designed to increase the professional competence of broker-dealer and dual registrant (broker-dealer and investment adviser) professionals with legal, compliance, operations and management responsibilities
Suggested Skill Level: Basic (or Intermediate, depending on your description)
Instructional Method: Group Internet-based
Prerequisites for participation: No prerequisites are required.
Advance Preparation: None