AML - Through the eyes of a criminal upcoming webcast.

It's fair to say that AML professionals are facing a number of significant challenges right now. Some of them are connected directly to the global economic downturn and others to rising international cooperation against rogue states, terrorists and fraudsters. Robert Mazur, a former federal agent is best known for his undercover role as a money launderer that brought down Colombian drug cartels. During our upcoming webcast he discusses how firms can better combat anti-money laundering compliance by understanding the criminal's mindset and knowing how to avoid common mistakes.

Additional topics to be discussed:

• Offshore obstacles to identifying beneficial ownership
• The pitfalls of willful blindness
• Vicarious liability: How the acts of employees can be attributed to the whole firm
• Has international bank conduct really changed?

Click here to register: http://www.complinet.com/connected/news-and-events/webcasts/aml-eyes/register.html

This event is free to attend and Robert is a highly respected thought leader and commentator on this topic. Highly recommended for AML professionals everywhere.

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Risk, compliance and the application of controls to deliver value

Some people say that regulatory reform is not moving fast enough and that somehow the 'unsatisfactory recovery' over the past 12 months has resulted in a forgotten crisis. What we at Complinet have seen though is a real determination from firms who are now working to consolidate market information and commercial outcomes with the underlying regulatory risks and applicable rules. This is known increasingly as the 'line of sight' and it's a layer of transparency that is defining the way banks in particular are thinking about addressing compliance. In essence the market used to think about consolidation of critical compliance information in terms of linking corporate policies and procedures with the rules that relate to each of them and while that is a very important part of the puzzle, the broader ability to link this component with the commercial side of the business is proving to be a real leap forward. Firms are asking for a consolidated view of risk. One that takes into account the products they develop and the markets they serve together with the underlying regulatory frameworks so that each change to a rule or every innovative development of a product or entry into a new market all have a known impact and relationship with them. It's an area we expect to see more interest in and a direction we are very excited about as we help our customers understand and manage regulatory and operational risk. Read More!