- What causes compliance failures?
- How can they be identified?
- How were regulators dealt with?
- How do they get fixed?
Real case studies will be the basis of the course:
- Common AML compliance failures.
- Extraordinary AML compliance failures (intentional at the executive level).
- Complex, high-volume mortgage processes compliance failures.
- Widespread SOX failures (Sarbanes-Oxley Act) primarily control breakdowns leading to reconciliation breakdowns and incorrect reporting.
- A broad failure of licensing controls where the company providing insurance products in the name of several major banks.
For each case we will look at:
- What was the cause of the compliance failure
- How was a problem identified (red-flags, check list items, audit steps) and communicated internally (escalation process)
- What was done with regard to communication with regulatory authorities
- What did it take to investigate and address the failures
- What internal controls and risk mitigation steps were taken to prevent recurrence
This webinar will provide valuable assistance to all personnel in any role in compliance in banks and financial institutions.
- Designing an overall compliance system
- Compliance assurance
- Managing the Investigating of compliance failures
- Analyzing risk and exposure
- Managing compliance within Business Units
He has also been SVP Operations for a major Insurance Company providing insurance outsourcing services to the banking industry. Jims work has included projects in AML and fraud investigation, prevention, identity/KYC issues, and related systems. His background includes work in bank operations and payments strategy, systems, re-engineering, and quality improvement.