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

Summary

  • 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.

Overview

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.

Who should attend?

  • 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

Gina J. Lowdermilk

Expert

Dr. Gina J. Lowdermilk,PhD (ABD), CAMS, CRMS is a highly experienced and educated BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work from small community banks to large, international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.

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