Managing an Effective AML Compliance Program

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Are the financial transactions within your organization subject to money laundering risk? Do you have a robust internal controls program that focuses on mitigating the greatest AML/Fraud risks? Are your employees aware of the red flags within all financial transaction business processes and know what to do if they find unusual or suspicious activity? Are your company and management are up to date on its compliance requirements and the potential impact of non-compliance?

Whether you need to get back-to-basics or you are a seasoned AML professional, join us as we explore the many facets of managing an effective AML compliance program: Join us as we focus on the following key elements:

  • Regulatory frameworks surrounding anti-money laundering
  • Objectives of an effective AML compliance program
  • Risk assessing your institution
  • Developing robust internal controls
  • Training for appropriate personnel
  • Expectations and duties of the appointed compliance officer
  • Effective audit program to ensure adequacy of your AML compliance program

Learning Objective:

Key goals of this course are:

  • To provide an understanding of money laundering and how it can impact an institution
  • To review the importance of “tone at the top” and how to implement a compliance-friendly environment
  • To learn about the critical internal controls and how these controls can protect your institution
  • The course will focus on the 4 pillars of an AML compliance program:
    •  Policies, procedures and internal controls
    •  Designation of a compliance officer
    •  Training for appropriate personnel
    •  Independent audit
  • To understand the importance of the risk assessment
  • To focus on the senior management/board of directors oversight of the Program
  • To discuss customer due diligence and know your customer expectations
  • To discuss knowing your high risk customers
  • To review implementation steps for enhanced customer due diligence
  • To discuss red flags indicating unusual or suspicious activity
  • To understand detection and reporting requirements under the Bank Secrecy Act
  • To discuss recent case studies

Who Will Benefit:

BSA/AML Officers, Compliance Officers, AML Analysts, Operations Managers, Remittance Analysts, Consultants, Internal Auditors, Accounting and Finance Directors, Internal Auditors, Legal Departments, Compliance Officers, and Risk Managers at Banks, Broker-Dealers, Residential Mortgage Lenders & Originators, Precious Gems Traders, Money Services Businesses and other nonbank financial institutions.

  • Risk Management
  • Legal
  • Regulatory
  • Compliance
  • Audit

Field of Study:

  • Administrative Practice: 1.2 Credits
  • Auditing: 0.6 Credit
  • Business Management & Organization: 7.8 Credits
  • Communications: 2 Credits
  • Computer Science: 1.8 Credits
  • Personnel/HR: 0.6 Credit
  • Social Environment of Business: 1 Credit
  • Specialized Knowledge and Applications:2 Credits
  • Total CPE credits earned in this seminar: 17 CPE Credits
  • Program Delivery Method: Group-Live
  • Program Level: Basic
  • Advance Preparation/Program Prerequisites: None

DAY 01(8:30 AM - 5:00 PM)
  • Registration Process: 8:30 AM – 9:00 AM
  • Session Start Time: 9:00 AM
  • 9.00 AM - 12.00 PM: Understanding the Basics (3 Hours)
    • Money Laundering Basics
    • Regulatory Overview
      • U.S. Federal Regulating Agencies
      • History of U.S. Money Laundering Regulation
      • Bank Secrecy Act
      • USA PATRIOT Act
      • U.S. Federal Statutes
      • Role of Regulators & Expectations
    • The Four Pillars
      • Policies, procedures & internal controls
      • Appointment of Compliance Officer
      • AML Training
      • Independent Testing
    • Oversight & Management
      • “Tone at the Top”
      • AML Governance
      • Compliance Task Force
      • Fostering Partnerships in LOBs
  • 12.00 - 1.00 PM: Lunch
  • 1.00 PM - 4.30 PM: Managing Money Laundering Risk (3.5 hours)
    • Developing a Risk Assessment
      • Identifying high risk activities in the institution
      • Knowing your high risk customers
    • Customer Identification Program (CIP)
      • Conducting Customer Due Diligence (CDD)
      • Enhanced Due Diligence (EDD)
      • Know Your Customer (KYC)
    • Office of Foreign Assets Control (OFAC) & Sanctions Programs
      • Multinational Issues
      • History of Economic Sanctions Programs
      • Screening tools
      • Hits – Blocking & Rejecting
      • OFAC Risk Assessments
      • OFAC Reporting & Documentation
      • Enforcement Guidelines
DAY 02(8:30 AM - 4:30 PM)
  • 8.30 AM - 8.35 AM: Welcome & Recap of Previous Topics
  • 8.35 AM- 10.35 AM: Monitoring & Reporting of Suspicious Activities (2 Hours)
    • Transaction Monitoring
      • Manual Vs. Automated
      • Managing & Fine Tuning Alerts
    • Investigate Protocols
      • Defining Suspicious Activity
      • Escalation & Referrals
      • Case Management
    • Reporting & Recordkeeping
      • CTR & CTR Exemptions
      • CMIR
      • Travel Rule / Funds Transfers
      • Monetary Instruments
      • FBAR
      • Form 8300
      • SARs
  • 10.35 - 11.15 PM: Repercussions (40-Minutes)
    • Failure to Comply
      • Criminal & Civil Penalties
      • Common Deficiencies Causing Enforcement
  • 11.15-12.00 PM: Case Studies (45-Minutes)
    • Case Studies
      • What Went Wrong?
      • Contrast & Compare
  • 12.00 PM - 12.45 PM: Lunch
  • 1.00 PM - 1.45 PM: Issues & Answers: Open Discussion (45-Minutes)
  • 1.45 PM - 4.15 PM: Workshop & Exercises (150 minutes)
  • 4.15 PM - 4.30 PM: Wrap Up
Seminar (Price/Register)
Seminar Fee Includes:
AM-PM Tea/Coffee
Seminar Material
Attendance Certificate
$100 Gift Cert for next seminar

Other Registration Option
  1. Download the Order Form
  2. Fill this form with attendee details & payment details
  3. Fax your PO to 1-888-883-7697 or,
  4. Email it to

Payment Mode

By Check -

Pay your check issued from the payee to "Redstone Learning Inc." (Our Parent Company) and mail the check to – (Redstone Learning Inc.)
1180 Avenue of the Americas,
8th Floor, New York,
NY 10036

  Media Partners

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  • Dedicated email blast to all subscribers of Media Partner.
  • Article on the Magazine and/or Website after the conference.


If you wish to partner with us for this event

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Speaker: Laura H. Goldzung,

Laura Goldzung is President and Founder of AML Audit Services, LLC, an anti-money laundering and fraud consultancy specializing in independent testing and compliance consulting services to financial and non-bank financial institutions. Additional expertise includes domestic and international training, design and development of BSA/AML compliance programs, risk assessment and analysis, remediation and corrective action programs, and expert witness testimony. She has worked with institutions that have been referred to enforcement for BSA/AML violations, helping them to bring their AML programs into compliance. With over 25 years in the financial services industry.

Ms. Goldzung is active with several industry groups including the Association of Certified AML Specialists, SIFMA’s Compliance & Legal and Internal Audit Societies, Association of Certified Fraud Examiners, and the National Society of Compliance Professionals, to name a few. She services on a variety of industry task forces and committees, and is faculty for a number of industry education programs. Ms. Goldzung is a frequent speaker and contributor on the topic of anti-money laundering and fraud.

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