Sanctions Screening / PEP Screening: BSA, AML, KYC

Duration: 90 Minutes
The webinar will provide an overview of the currency and monetary reporting requirements imposed by the Bank Secrecy Act, the PATRIOT Act, and other relevant laws and regulations. The webinar will also discuss the current changes in the marketplace and expose the new faces of AML and examine areas of PEP regulation that pose present and future challenges for regulated businesses.
Sanctions Screening / PEP Screening
Product ID: 508733
Objectives of the Presentation
  • Learn how to keep clients and businesses that transact business in cash and cash equivalents compliant, and learn to recognize where clients have potential exposure
  • Learn about the relevant forms, including: Currency Transaction Reports ("CTRs"), Form 8300, Suspicious Activity Reports (SARs), and the Report of Foreign Bank and Financial Accounts (FBARs)
  • Businesses are becoming increasingly exposed to the risk of financial crimes such as fraud, money Laundering and terrorist financing. In response, the intergovernmental group, Financial Action Task Force (FATF) has steered a regulatory framework for combating the use of businesses and financial systems for illicit activities
  • A key requirement is that the business be fully aware of the individual or entity they deal with. Know Your Customer (KYC) has thus emerged as a norm today. Part of the compliance process is ongoing Customer Due Diligence (CDD), which means a business must conduct ongoing screening processes for monitoring of business transactions and entities
Why Should you Attend
The two important elements of screening are the checking of a customer against Politically Exposed People List, as well as Sanctions Lists of individuals and entities. This may be done during the customer onboarding or KYC process - a preventive measure against dealing with individuals associated with dubious activity or financial crimes. Screening can also be done at any point in time. When unusual trends in transactions or red flags are created, it can create a lack of confidence in a customer or entity.

Areas Covered
  • BSA/AML Compliance Management
  • Sanctions Screening / PEP Screening
  • Knowing your customer (KYC)
  • Beneficial Owners
  • Proper identification of your clients and vendors
  • How digitization has changed movement of money
  • AML Compliance and Digital Currencies
  • Monitoring, investigating and reporting suspicious transactions
Who will Benefit
  • Compliance Managers, CFOs & Officers
  • Risk Managers, Underwriters and Officers
  • Controllers
  • Presidents / Vice Presidents
  • Managers / Supervisors
  • Independent Sales Organizations
$200
Recorded Session for one participant
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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:
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.
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