Skip to main content

Managing Higher-risk business customers

Compliance Key INCAccounting and Finance Training


                                                Jane Hennessy
Jane is keynote speaker at Compliance Key, Inc was born and educated in Ireland/England (PhD in Pharmacy and MBA). He joined the pharmaceutical company Merrell Dow (now Sanofi) in England in 1986, moved with the company to Kansas City Mo. in 1993, and then to Bridgewater NJ in 1996. He is currently Vice President in the Global Regulatory Affairs department, Sanofi Pharmaceuticals.
In addition to his pharmaceutical career, James is also a qualified Personal & Professional Coach (trained through Coach University and certified through The International Coaching Federation) and plans to increase his activity in this area as a 'second career'.
 Webinar Id: CIJM001
 12:30 PM PT | 03:30 PM ET
 12/11/2017
 Duration 90 mins 
Overview
Financial institutions and others in the payments ecosystem must comply with regulations related to due diligence of business customers, as well as ongoing monitoring of their portfolios. A strong KYC program also includes an assessment of business customer risk. How can financial institutions and processors effectively determine what the risks are and how to manage them? This session will provide guidance on assessing business customer risk both at onboarding and ongoing, as well as best practices for taking a risk-based approach to Know Your Customer (KYC) and Know Your Customers’ Customers (KYCC).
Why should you attend this webinar?
  • Learn about some tactics fraudsters are using to hide who they are and what they really do
  • Discover the value of Business Customer Intelligence – fully understanding your business customers
  • Learn about the synergies with transaction monitoring
  • Examine some case studies where illegal or prohibited businesses have been found in financial institutions’ portfolios
  • Learn about regulations related to managing some specific higher risk customers such as third party payment processors/third party senders
Areas Covered in the Session:
  • Recent fraud tactics
  • Synthetic IDs
  • Business Customer Intelligence
  • AML challenges
  • Synergies with transaction monitoring
  • Case studies including business classification, reputation monitoring and adverse media
  • Key regulations related to managing third party payment processors/third party senders
  • Best practices for managing higher risk customers
Who can Benefit:
  • Risk and compliance staff at banks, payment processors, and alternative payment providers
  • Product managers at banks, payment processors and alternative payment providers
  • Financial intelligence unit staff
  • Relationship managers at financial institutions who deal with higher-risk customers

Comments

Popular posts from this blog

HIPAA changes 2018 and How to comply?

Compliance Key INC  -  HIPAA W ebinar                                                   Brian L Tuttle Brian Tuttle is Keynote Speaker at Compliance key Inc . He is Certified Professional in Health IT (CPHIT), Certified HIPAA Professional (CHP), Certified Business Resilience Auditor (CBRA) with over 17 years experience in Health IT and Compliance Consulting.     Webinar Id:   HIPHBLT001 10:00 AM PT | 01:00 PM ET  01/23/2018 Duration: 90 mins  Overview This lesson will be addressing how practice/business managers (or compliance offers) need to get their HIPAA house in order as HIPAA is now fully enforced and the government is not using kid gloves any more. It will also address major changes under the Omnibus Rule, Trump administration, and any other applicable updates for 2018 and beyon...

Strategies for Becoming a Business Partner to Your Healthcare Leaders.Compliance Key INC -

Compliance Key INC  -  Healthcare Training Online                                                    Jay Anstine Mr. Anstine's professional background includes working on the provider and the payer side of the market, for large for-profit and non-profit health systems, and small physician-owned entities. In tackling the countless regulatory and operational issues for these diverse organization types, he has developed a deep understanding of the business of healthcare and the regulations that govern the industry.  Webinar Id:  LSHCSJA022  10:00 AM PT | 01:00 PM ET  12/13/2017  Duration 60 mins  Overview All too often compliance is seen as an obstacle or otherwise viewed negatively by healthcare leaders. This presentation will discuss strategies and insights to help the compliance of...

SOX Compliance: Accounts Receivable Risks and Controls

Overview The accounts receivable process includes the sub-cycles of acquiring and accepting customer orders; writing sales contracts; granting customer credit; shipping or otherwise delivering products or services; billing and recording sales and lease transactions; maintaining and monitoring accounts receivable; instituting effective collection procedures; recording and controlling cash receipts; establishing pricing and promotional activities; and properly valuing receivable balances. In management's selection of procedures and techniques of control, the degree of control implemented is a matter of reasonable business judgment. The common guideline used in determining the degree of internal controls implementation is that the cost of a control should not exceed the benefit derived. The Order to Cash Process (O2C) Process is comprised of several sub-processes that must have a foundation of internal controls for SOX 404 certification process. This webinar wil...