NOTE: This webinar has been postponed from it’s previous date.
AdvisX President Ken Agle will present this webinar on May 7, 2015 from 1:00 P.M. to 2:15 P.M. Eastern.

amlvalidationIf you’re like most financial institutions, you’ve invested a lot in your Bank Secrecy Act/Anti-Money Laundering monitoring system. Beyond that, you continue to invest in it by devoting valuable resources to investigating — or even determining whether to investigate — the alerts the system generates. But that investment and those resources can be for nought if the system isn’t periodically validated. Validation is the only way to ensure that only those transactions that should trigger an alert in fact are, and that the system isn’t missing transactions that should’ve triggered alerts, but aren’t. Failure to conduct a sound validation of your BSA AML monitoring system is like rolling the dice, with costly look-back projects or other enforcement actions on the line. 

In this webinar, AdvisX President Ken Agle will walk you through the four essential components of a sound BSA AML system validation. Ken will draw upon his extensive real-world experience in assisting financial institutions all across the country conducting validations of all types of AML monitoring systems. He’ll cover such troublespots as:

  • Rules monitoring ALL suspicious activity types
  • Insufficient comparison of rules to alerts
  • Disconnect between rules and output
  • Testing the baseline on a macro and micro bases.
  • And more!

Details:

  • The Four Corners of BSA AML Validation

  • Presenter: Ken Agle, AdvisX President

  • 4/15/2015 from 11:00 am to 12:15 Eastern

  • Fee: $199 (attend live); $249 (attend live + download)

 
kenKen Agle, President of AdvisX, brings more than 25 years of experience covering almost all facets of financial institution risk management operations. He has conducted more than 350 compliance reviews and has assisted more than 200 financial institutions throughout the United States. He has developed and implemented systems and training programs on all phases of banking risk management, including, but not limited to BSA/AML, fair lending, loan review, HMDA, CRA, BSA, operational compliance, TILA, and RESPA. He has written numerous regulatory responses and appeals and has been instrumental in assisting institutions with challenging circumstances while facing regulatory enforcement orders. He has partnered with McGladrey & Pullen, RSMI, Promontory, Sheshunoff and other multi-region firms to provide support services to financial institutions. Mr. Agle specializes in strategic regulatory response and in developing and implementing both proactive and reactive tools and systems to preempt and resolve issues affecting today’s financial institution.