The recent financial crisis while renewing the regulators interest in Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) laws has also asserted its prominence by levying heavier penalties on violators. The scrutiny also covers wire transfer transactions routed through offices based out of the APAC and Middle East regions, making them susceptible to equal levels of reporting and supervision. The magnitude of change is also marked by the wider ambit of AML laws, as they now expand to impact retailers, casinos, non-deposit-taking lenders, money changers, brokers, and financial advisers.

This enlarged volume and scope of transactions is driving organizations interested in AML compliance to adopt a risk-based approach for people, processes and technology, mainly pertaining to CIP (Customer Identification Program), KYC (Know Your Customer) and CDD (Customer Due Diligence) systems. A robust Compliance and Audit framework for transactions to be monitored and analyzed, along with CTR (Currency Transaction Report) and SAR (Suspicious Activity Report) capabilities is imperative for building a strong AML system.

At this complimentary MetricStream webinar, Guest speaker Laura Goldzung, the President of AML Audit Services, LLC will discuss how to leverage resources, technology, and processes to push AML compliance. Join her as she explores other factors to keep in mind while auditing an AML program, such as:

  • Challenges in managing AML audits in today’s environment
  • Key components of an effective risk-based audit program
  • Engaging with audit personnel - internal or external
  • Characteristics of an effective AML compliance program and the role of technology

Attend the webinar
This webinar is scheduled to take place on Thursday, May 9, 2013 at 11:00 am Eastern Time. To register for this webinar, and to learn more about the webinar and speakers, please click here.

About MetricStream

MetricStream is the independent market leader in enterprise cloud applications for governance, risk, compliance (GRC), and quality management. MetricStream apps and software solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, audit management, vendor governance, and quality management for organizations across industries, including banking and financial services, health care, life sciences, energy and utilities, consumer brands, government, technology, and manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and GRC innovation center in Bengaluru, India, and sales and operations support in 12 other cities globally.(

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