AML/OFAC Risk Assessment: The Cornerstone of an Effective Compliance Shop (Webinar Archive)


/uploadedImages/Shared_Content/Products/Self-Study_CPE/webinar-case.jpg  CPE Credit: 2
Course Level: Intermediate
Prerequisite: Basic knowledge of AML requirements





Risk assessments are the backbone of any well-built Anti-Money Laundering and Office of Foreign Assets Control compliance program. An efficient and effective program cannot be developed without knowing where one's risks reside. Many businesses—both financial and non-financial institutions—are conducting these assessments to uncover risks, design strong compliance programs, and mitigate their exposure. There are many decisions that need to be made when you decide to conduct an AML/OFAC risk assessment.

This course will help you understand the importance of these assessments in the current fraud-ridden environment, the increased importance of risk assessments being advocated by government regulators and industry best practices for conducting an assessment. You will also learn how to effectively define an AML/OFAC risk assessment and how to best tailor the process to your organization's specific needs.

You Will Learn How To: 


Recall the definition and basics of an Anti-Money Laundering/Office of Foreign Assets Control (AML/OFAC) risk assessment

Identify anti-money laundering regulations, including the Bank Secrecy Act and USA PATRIOT Act

Determine the importance of increased regulation of these assessments

Recognize risk assessment best practices


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Presenter: Daniel Tannebaum, CFE
December 17, 2009

Duration: 100 Minutes  

Field of Study: Specialized Knowledge 

Last Updated: January 2017


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Online CPE exam grading available for this course: 


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