Webcast

Understanding the Board of Directors Role in Effective AML Risk Oversight

Streams live on Friday, November 06, 2020 at 11:30am EST

Taught by
$ 89 Banking In Stock
Get started now

$299 / year - Access to this Course and 1,500+ Lawline courses

or

Course Information

Time 60 Minutes
Difficulty Intermediate
Topics covered in this course: Banking

Course Description

An organization’s board of directors plays an essential role in effective anti-money laundering (AML) risk management. The board’s support of the AML compliance function is also critical to the deterrence and prevention of potential AML violations.

This course will provide attorneys, compliance professionals, and board members with specific information about the board of directors’ duties and responsibilities as they relate to an AML compliance program. This course will also cover what regulators and prosecutors expect of the board regarding an AML compliance program. Among other things, course attendees will learn how to effectively reduce the potential for AML risk, as well as how the board can more effectively communicate with senior management and the compliance function.



Learning Objectives:

  1. Explain the board of directors’ role in the context of an AML compliance program, and how to meet regulatory expectations
  2. Outline some practical ways in which the board of directors can better engage with the compliance function
  3. Identify AML compliance program requirements, including the five components, and how they relate to the overall the health of the program
  4. Examine what led other companies to incur violations and how to prevent such violations from occurring in your organization

Credit Information

After completing this course, Lawline will report your attendance information to {{ accredMasterState.state.name }}. Please ensure your license number is filled out in your profile to ensure timely reporting. For more information, see our {{ accredMasterState.state.name }} CLE Requirements page . After completing this course, {{ accredMasterState.state.name }} attorneys self-report their attendance and CLE compliance. For more information on how to report your CLE courses, see our {{ accredMasterState.state.name }} CLE Requirements FAQ .

Faculty

Ola M. Tucker

Compliance Notes

Ola M. Tucker, an attorney and experienced compliance professional, is the founder and writer at Compliance Notes. She teaches classes on international anti-money laundering, anti-corruption, and corporate compliance programs at Widener University Delaware Law School.

Ola has also spoken at various industry conferences and published several articles on the topics of anti-money laundering and anti-corruption. Her first book, Anti-Money Laundering: A Case-Study Approach to Compliance will be published in 2021.


Bar Admissions:

Pennsylvania