About the Course
Being offered twice a quarter on Tuesdays at 1:00 p.m. to 3:00 p.m. Central Time.
The level of fines levied against banks resulting from failure to comply with various regulations has soared, reaching into the billions of dollars in individual instances.
Every bank organization is responsible for compliance with a wide variety of regulations. Compliance failures are risks to both the bank's reputation and its stockholders.
There is an increasing discussion that, rather than punish stockholders, individual officers should be personally held accountable for their decisions in causing failures to act in compliance. Already the Sarbanes-Oxley law specifically requires that companies, including banks, have accurate financial reports as well as sound controls which are required to assure the material accuracy of those reports. CEOs and CFOs have to personally sign statements to that effect and can be charged personally under some circumstances.
Jim George in his career was frequently brought in as a consultant or as a Senior Executive to take over non-compliant operations or to establish projects to fix non-compliant operations. Sometimes this happened after a specific executive was fired. At other times, he was able address the problems in time to avoid ending anyone's career.
It is said that a smart person learns from his/her mistakes, but a wise one learns from others' mistakes. This is a chance to learn from many other people's hard experience.
This timely, two hour CPE training event is designed for the internal auditor, compliance professional and others who wish to improve their AML and BSA tradecraft skills.
Each attendee will receive 2 CPE Hours (YB). A certificate of completion will be provided.
This CPE event presents actual banking industry case studies to look at what leads to bank compliance failures, and how to handle them.
In each case, what were the specifics of the banking compliance situation?
Why was there a failure in meeting the banking regulations?
How was it identified? What did it take to fix it? How could it have been avoided?
The event concludes with a summary of the evident patterns and knowledge gained from these failures.
CPE Event Highlights
The event covers compliance failures that can occur in any financial institution. The event will cover:
Common AML compliance failures.
Extraordinary AML compliance failures (intentional at the executive level).
Widespread SOX failures (Sarbanes-Oxley