Why Should You Attend:
BSA and AML compliance is a must. Compliance is not only good for avoiding fines and sanctions, it is even better for the financial institution. BSA and AML compliance should be proactive in nature, very open about its activities and authentic to its mission to be as effective as possible. Part of that is getting back to the core of the process and seeing what has worked, what does not work and where to spot the changes that are occurring every day.
Both the compliance failures and the frauds all have common elements – the financial professionals were not up to speed on current law changes and best practices. This webinar will focus on current enforcement trends, systemic risks to compliance, a glimpse into the future and getting it right and writing it up.
Areas Covered in the Webinar:
A clear definition of Due Diligence, from the man who wrote the book.
Where new regulatory attention is being focused – very important.
How to find your exposure to systemic risk and guaranteed fine.
How compliance can be guaranteed to fail.
The role of the compliance officer and team.
New ways of laundering money
Art
Securities
Steps to avoid failure and fines
Getting up from your desk
Third party help
Writing the reports; SAR, internal, etc.
BSA and AML compliance is a must. Compliance is not only good for avoiding fines and sanctions, it is even better for the financial institution. BSA and AML compliance should be proactive in nature, very open about its activities and authentic to its mission to be as effective as possible. Part of that is getting back to the core of the process and seeing what has worked, what does not work and where to spot the changes that are occurring every day.
Both the compliance failures and the frauds all have common elements – the financial professionals were not up to speed on current law changes and best practices. This webinar will focus on current enforcement trends, systemic risks to compliance, a glimpse into the future and getting it right and writing it up.
Areas Covered in the Webinar:
A clear definition of Due Diligence, from the man who wrote the book.
Where new regulatory attention is being focused – very important.
How to find your exposure to systemic risk and guaranteed fine.
How compliance can be guaranteed to fail.
The role of the compliance officer and team.
New ways of laundering money
Art
Securities
Steps to avoid failure and fines
Getting up from your desk
Third party help
Writing the reports; SAR, internal, etc.
Speakers
Armen Khachadourian is the founder and president of Digital Payments Inc., a consulting firm providing advisory services in the areas of merchant processing, ISO/MSP formation, development of best practices, BSA/AML guidelines, merchant portfolio and acquiring acquisitions, prepaid and alternative payment products including decoupled debit. As a trusted partner with vision to understand his client’s future business he has helped design and evaluate new products and services in today's changing marketplace.Mr. Khachadourian has also served in executive positions at several top ten financial institutions and helped them maximize growth and revenues in today’s challenging electronic payments marketplace. As a vice president of JPMorgan Chase’s Prepaid Product in Treasury Services he was responsible for designing and launching prepaid cards in the EU market. As a senior vice president at Visa USA, he expanded card acceptance to new markets such as supermarkets, recurring payments, quick service restaurants and federal government agencies. His expertise in card products extends to issuance of credit, debit, prepaid and commercial cards. He is also an experienced manager of technology solutions including development of best practices, network policy, third-party processor contract negotiation and problem resolution.
Mr. Khachadourian earned a Bachelor of Arts degree in mathematics and a Master of Science degree in computer science from the San Jose State University in California. He authored the “Basics of Data Communications” textbook and lectured at College of San Mateo, CA. He was awarded an honorary teaching credential from State of California. He is a member of the United States National Masters team and has represented United States at four world championships.
