Correspondent Banking and Trade Finance are two products that being with a high inherent risk. It is essential that financial institutions understand the pitfalls and dangers that surround and are associated with these two products in order to have an effective BSA/AML/OFAC Program. This webinar will define Correspondent Banking and Trade Finance, explore the dangers, and discuss mitigation strategies to prevent abuse by outside parties. Register today and expand your learning on Correspondent Banking and Trade Finance.
Who will Benefit
– Chief Compliance Officers
– BSA Officers
– Risk Officers
William Schlameuss has over 20 years’ experience in regulatory compliance, including BSA/AML/OFAC. He has worked with a wide range of US branches of major foreign banking organizations from all continents, both as chief compliance officer and compliance consultant. He has a prior background in IT as manager and implementer of core banking and payment systems, as well as compliance-related systems.
Mr. Schlameuss has extensive experience with State and Federal Banking regulators in examination preparation, assistance and response, including assistance in the remediation of written agreements for clients. As a project manager Mr. Schlameuss has led BSA/AML audits, BSA/OFAC Model Validations, remediation efforts of BSA audit issues , and BSA/OFAC look-backs for international banks, both self-imposed and directed by regulatory authorities. Model Validations included Prime, FCRM, Patriot Officer, Actimize, and eGIFTS.
He has conducted the Annual 3130 Supervisory Reviews for Broker-Dealers of the US branches of major FBOs. Mr. Schlameuss is also a member of the Association of International Bank Auditors and the International Bank Regulatory Compliance Committee.