AML/OFAC Risk Assessment: The Cornerstone of an Effective Compliance Shop

Duration: 90 Minutes
In this training program, attendees will learn to define AML/OFAC risk assessment and the importance of increased regulation of these assessments. The program will additionally focus on AML/OFAC risk assessment best practices.
BSA/AML Compliance
Instructor: Craig Taggart
Product ID: 501197
Objectives of the Presentation
  • Definition of an AML/OFAC risk assessment
  • The importance of increased regulation of these assessments
  • AML/OFAC risk assessment best practices
  • Assess the BSA/AML risk profile of the bank and evaluate the adequacy of the bank's BSA/AML risk assessment process
Why Should you Attend
Risk assessments are the backbone of any well-built anti-money laundering and Office of Foreign Assets Control compliance program. An efficient and effective program cannot be developed without knowing where one's risks reside.

Today, many businesses-both financial and non-financial institutions-are conducting these assessments to uncover risks, design strong compliance programs, and mitigate their exposure. There are many decisions that need to be made when you decide to conduct an AML/OFAC risk assessment.

This webinar will define AML/OFAC risk assessment while examining the best practices as well. It will also help assess the BSA/AML risk profile of a bank and evaluate the adequacy of the bank's BSA/AML risk assessment process.

Areas Covered
  • Know what is on the OFAC list
  • Identify each department's OFAC risk factors
  • Evaluate and rate each risk
  • Document and summarize
  • 10 risk-based OFAC monitoring and screening practices
  • Higher risk geographic locations in relation to BSA/AML
  • 5 specific risk categories of AML
Who can Benefit
  • Financial services professionals
  • Securities attorneys
  • Fraud professionals
  • Risk/compliance officers in the field of finance
  • Wall Street professionals
  • Governance/board members
$300
Recorded Session for one participant
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  $450.00 Training CD
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Craig Taggart has almost a decade of experience in the fields of mergers and acquisitions and business financing. Mr. Taggart works strategically with his clients to achieve the highest value for their business within the capital markets. His experience with BCC Capital Partners in the M&A industry has greatly contributed to his understanding of transaction structure, strategic placement of buyers, and the attainment of maximum market value for his clients.

He has represented and sold many businesses in a number of different industries and has significant experience working with companies in: continuing education, transportation, software and professional services. Mr. Taggart is currently working in the clean energy sector that covers multiple initiatives within M&A and corporate development.

He is a certified merger and acquisition advisor, accredited valuation analyst as well as an active member of Alliance of Mergers and Acquisition, and The National Association of Certified Valuators and Analysts (NACVA). Mr. Taggart has been a certified fraud examiner since 2011 and has owned an investigative franchise business, which focused on fraud based cases involving insurance, asset searches, surveillance, witness statements.

He earned his MBA from the San Diego State University specializing in financial management. Mr. Taggart graduated from the California State University Northridge with a bachelor's degree majoring in organizational psychology.
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