VCM announced “The Guide to Bank Secrecy Act/Anti-Money Laundering Compliance-2017(BSA/AML)” on March 16.
James DeFrantz, the consumer and real-estate lending compliance specialist will be the keynote speaker.
The Virtual Compliance Management company announces the monthly Webinar “The Guide to Anti-Money Laundering Compliance-2017” on March 16, 2017 from 10:00 a.m to 10:30 am. The company is dedicated to educate, train, and investigate the anti-money laundering compliance efforts of community banks and other financial institutes according to the regulations of FinCEN. Working in the industry of compliance management for past 30 years, the VCM understand the critical nature of compliance and tradeoffs of its failure, securing people and community banks against financial penalties.
Mr. DeFrantz, the Director of the Virtual Compliance Management said, “For the small community bank owners, the Bank Secrecy Act’s Anti-Money Laundering Regulation can be a financial trap. The bank owners should prioritize compliance above everything else and should ensure administrative and regulatory compliance to refrain from penalties”
The topic to be covered in the webinar lie at the intersection of Anti-Money Laundering trends of 2017 and benefits of virtual compliance, intended to leverage the use of modern technology in ensuring compliance at all levels of money circulation and transaction. The following topics are included in the Webinar
• Emerging Trends in AML and the compliance management
• Customers Due Diligence and Voluntary Disclosure Programs
• Increasing AML scrutiny of Bank Secrecy Act and the use of Artificial Intelligence
• Derisking and its high stakes for economic stability
• Strategic Solutions for implementing Anti-Money Laundering programs and policies
The webinar will provide an opportunity to learn the latest trends in fighting against terrorist financing and introduction of illegal money in the banking system. Collecting knowledge and wisdom from personal experience and worlds’ renowned compliance managers, the program can prepare community banks for the coming year’s administrative scrutiny.
For more information or to register, contact VCM (888) 881-0078 or contact us.