Managing the Alert/Case Clearing Investigation Process - BSA/AML/OFAC Compliance

Duration: 60 Minutes
This webinar will discuss the current 'industry best practice' for the alert/case management investigation process, and any guidance from the regulators. The instructor will cover a sample methodology meant to demonstrate what your institution may be doing, and opportunities to improve it. Participants will understand about the rules/scenarios thresholds that are leading to alerts/cases.
Alert/Case Clearing Investigation Process
Instructor: William Schlameuss
Product ID: 501944
It will help you answer:
  • What is your escalation process?
  • What policies guide your investigation process?
  • What policies dictate when you file an alert/case?
Objectives of the Presentation
  • The industry standard for the investigation process
  • Alert and case clearing methodology
  • The quality control issues that can arise
  • The importance of an alert/case management system
  • Determining the difference between a false positive and a true positive
  • The escalation process - what is practical and proper and at what point you decide to file
  • Determining what might be excessive false positives for your institution and how to 'fix' that
Why should you Attend
The art and science of Alert/Case Investigation has matured along with other elements of BSA/AML/OFAC Compliance, spurred on by ever more stringent regulations and stricter adherence to the letter and spirit of the rules by examiners. As with many other elements of BSA Compliance, there is little official guidance. OFAC has provided some guidance as to how to clear and manage sanctions 'hits.'

In this training session, we will explore the components of a loosely defined 'industry practice' alert and case clearing methodology. What are the corresponding quality control issues and the importance of an alert/case management system? It will help you answer the listed below questions:
  • What makes good investigation?
  • What is enough to determine the difference between a false positive and true positive?
  • What constitutes a practical and proper escalation process?
  • Who decides when the case becomes a matter for filing?
  • At what point do excessive numbers of false positives lead to revision of rules/scenarios thresholds?
Who will Benefit
  • BSA/AML Officers
  • Compliance Officers
  • Chief Compliance Officers
  • Sanctions Officers
  • AML Analysts
  • Risk Officers
  • Chief Risk Officers
  • Legal Departments
  • Risk Managers
  • CEO/Presidents
  • Banks
  • Broker-Dealers
  • Money Services Businesses
  • Other non-bank financial institutions
$300
Recorded Session for one participant
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  $450.00 Training CD
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Minimum 10 attendees
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:
William Schlameuss has over 20 years' experience in regulatory compliance, including BSA/AML/OFAC. He has worked with a wide range of US branches of major foreign banking organizations from all continents, both as chief compliance officer and compliance consultant. He has a prior background in IT as manager and implementer of core banking and payment systems, as well as compliance-related systems.

Mr. Schlameuss has extensive experience with State and Federal Banking regulators in examination preparation, assistance and response, including assistance in the remediation of written agreements for clients. As a project manager Mr. Schlameuss has led BSA/AML audits, BSA/OFAC Model Validations, remediation efforts of BSA audit issues , and BSA/OFAC look-backs for international banks, both self-imposed and directed by regulatory authorities. Model Validations included Prime, FCRM, Patriot Officer, Actimize, and eGIFTS.

He has conducted the Annual 3130 Supervisory Reviews for Broker-Dealers of the US branches of major FBOs. Mr. Schlameuss is also a member of the Association of International Bank Auditors and the International Bank Regulatory Compliance Committee.
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