Webinar Offers Guidance on Implementing Risk-based Compliance Practices
Risk-based systems are a vital component of every anti-money laundering and Bank Secrecy Act compliance program. But implementing a risk-based approach can be especially challenging for money services businesses (MSBs). Wolters Kluwer Financial Services today announced that Shannon Bennett, senior director of Financial Crimes Control Strategy at Wolters Kluwer Financial Services, will be participating in a webinar to help MSBs address these issues.
The webinar, “ The ABCs of MSB Risk Management Programs” is being hosted by the Association of Certified Anti-Money Laundering Specialists (ACAMS) on Wednesday, Aug. 19 at 12:00 p.m. EDT. During the webinar, participants will learn cost-effective methods to help MSBs implement risk-based practices that serve their business interests while meeting regulatory due diligence expectations.
“Implementing a risk-based approach can be challenging for MSBs as they are often tasked with having to meet their compliance obligations with fewer resources,” said Bennett. “The outcomes from this webinar will help MSBs determine potential impacts to their businesses and provide industry best practices for ‘Know Your Agent/Customer /Consumer’ along with how-to properly train front-line staff to meet examiner expectations.”
Bennett has nearly 30 years of regulatory compliance experience in the financial services industry, working in and with both banks and nonbanks. In her role as senior director of Financial Crimes Control Strategy at Wolters Kluwer Financial Services, Bennett serves as an advisor and strategist to financial institutions in preventing, identifying and resolving opportunities for fraud, money laundering, terrorist financing and other financial crimes.
For more information about the webinar, please visit ACAMS’ website.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2014 annual revenues of €3.7 billion ($4.9 billion), employs 19,000 employees worldwide, and maintains operations in over 170 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.