Warren R. Markowitz
Attorney and Counselor
Warren R. Markowitz is an attorney and veteran compliance officer. He has been an active participant in the world wide financial sector since 1994. Mr. Markowitz has provided hands on, direct advisory services to domestic and international financial providers in their dealings with federal and state oversight authorities and self-regulatory organizations, as both a lawyer and an adviser through consulting and technology advisory firms with whom he maintains relationships. His real world experience with regulatory bodies has enabled him to represent his clients with a perspective on resolving matters or concern and avoiding new ones.
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Recorded Webinar
Job-Specific BSA for Deposit Operations: SAR Monitoring, 314(a) Requests & CIP
Deposit operations staff must have effective, ongoing training to support several critical BSA requirements. This webinar will focus on three areas that are focal points of transaction testing sections of the BSA exam process. Real-life examples of suspicious activities detected by deposit operations staff will be included, along with practical tips for processing and protecting the confidentiality of time-sensitive 314(a) requests. In addition, examiners have been closely monitoring CIP compliance and many financial institutions have been surprised by the findings.
Recorded Session Get life time access for one participant with download option!

Analyzing Implementation Concerns and Challenges of the CDD Final Rule
The webinar covers the newly released rule relating to the identification and validation of the control and beneficial ownership of legal entities. The new rule expands the requirements of existing AML program by adding the ongoing requirement of control/ownership oversight in the institutions Customer Id Program. From now until its full implementation, May 2018, covered financial institutions are required to develop risk based approaches to ongoing monitoring and implementation of the parties that hold sway over a legal entity that has an account established with it. While there are times in which a third party may be relied upon for such information and monitoring, it is the covered institutions responsibility to identify with whom it does business.
Recorded Session Get life time access for one participant with download option!

Identifying Emerging Risks Associated with Bitcoin and Other Virtual Currencies
Once a Miami-Dade judge ruled last year that bitcoin is not actually money or 'tangible wealth' and dismissed related AML charges, experts lauded the ruling and predicted an increase in the use of virtual currencies. The ruling also appears to offer a roadmap to financial institutions and governments across the world that have struggled to understand and regulate bitcoin. As the popularity of bitcoin and virtual currencies continues to expand, join Warren R. Markowitz as he details how to protect your institution from associated emerging risks.
Recorded Session Get life time access for one participant with download option!

Implementing the New Beneficial Ownership Rules
On May 11, 2016, the Financial Crimes Enforcement Network (FinCEN) issued its final rule to implement the long awaited beneficial ownership rules that will significantly impact customer due diligence requirements. Under the final rule, a covered financial institution will be required to adopt due diligence procedures that will require identification and verification of a legal entity's beneficial owner(s) at the time of account opening.
Recorded Session Get life time access for one participant with download option!

Identifying Beneficial Owners and Control Parties for Business Accounts
The webinar covers the newly released rule relating to the identification and validation of the control and beneficial ownership of legal entities. The new rule expands the requirements of existing AML program by adding the ongoing requirement of control/ownership oversight in the institutions Customer Id Program. From now until its full implementation, May 2018, covered financial institutions are required to develop risk based approaches to ongoing monitoring and implementation of the parties that hold sway over a legal entity that has an account established with it. While there are times in which a third party may be relied upon for such information and monitoring, it is the covered institutions responsibility to identify with whom it does business.
Recorded Session Get life time access for one participant with download option!

Regulatory Update: FINCEN's New CDD Rule and the New Fifth Prong of the AML Program
The webinar covers the newly released rule relating to the identification and validation of the control and beneficial ownership of legal entities. The new rule expands the requirements of existing AML program by adding the ongoing requirement of control/ownership oversight in the institutions Customer Id Program. From now until its full implementation, May 2018, covered financial institutions are required to develop risk based approaches to ongoing monitoring and implementation of the parties that hold sway over a legal entity that has an account established with it. While there are times in which a third party may be relied upon for such information and monitoring, it is the covered institutions responsibility to identify with whom it does business.
Recorded Session Get life time access for one participant with download option!

The JOBS Act - The Regulation D Offering Reborn
This webinar will focus on the comparison between the old and new Regulation D Rule 506 Offering and will highlight the importance of compliance in this new arena. It will also discuss the roles and responsibilities of counsel and company management.
Recorded Session Get life time access for one participant with download option!

BSA: Marijuana Businesses, Virtual Currency and Model Validation
This session will offer insights into the application of BSA Requirements on the burgeoning business of medical and recreational marijuana and the silent but effective virtual currency markets and uses, while discussing ways to validate BSA models and applications in monitoring and alerting an institution to potential Money Laundering and other related threats. Keeping up with technology and social changes are two important factors in maintaining an effective and reliable BSA program in dealing with Money Laundering and Terrorism Financing.
Recorded Session Get life time access for one participant with download option!

Foreign Correspondent Banking Money Laundering Risk
This session will offer insights in the management and development of Risk Based Programs used in the oversight of Foreign Correspondent Banking relationships. Including but not limited to the identification of Customers and integration of local and remote AML Policies and Procedures.
Recorded Session Get life time access for one participant with download option!

BSA Emerging Issues and Year-End Round-Up
With the year drawing to a close, we look back and forward to identify and examine the matters that made an impact on BSA/AML activities in the financial world and those that are expected to in the next twelve months. The purpose of this webinar is to examine the past twelve months and to identify developing trends and the potential impact of legal and political matters on BSA/AML programs. As a result, this webinar will address and provide the participant a substantive foundation to deal with the areas that will likely impact their current and future activities.
Recorded Session Get life time access for one participant with download option!

Developing Risk Models for AML and BSA Monitoring Programs
This session will offer insights on developing risk models for AML/BSA monitoring programs. Risk Models are key components in an automated BSA/AML program. Their design, maintenance and application are important factors in the success and efficiency of a program.
Recorded Session Get life time access for one participant with download option!

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