Identifying and Managing AML Risks: Compliance Guidance for Non-Financial Institutions

Historically, banks have been seen as the main industry at risk for money laundering and other illicit money transfers. However, recent global money laundering scandals have demonstrated that non-financial institutions have reason to be cautious. This webinar will provide an overview of money laundering and how it affects non-financial institutions, including the money laundering risks that non-financial institutions face. Attendees will also learn how to identify money laundering red flags as well as measures they can take to mitigate money laundering.

In this webinar, we will discuss:

• What is money laundering?

• Which institutions/companies are subject to AML requirements

• • Financial vs. Non-financial institutions 

• The five pillars of an AML compliance program 

• Key money laundering statutes and AML regulations

• Criminal and civil enforcement, including potential fines and penalties

• Specific areas where companies encounter money laundering risks

• Measures to mitigate and manage money laundering risk

• • The importance of conducting due diligence 

  • The importance of tailored AML policies

• Case Study

• Red flags

Learning Objectives:

1. Gain an overall understanding of the money laundering process and how it impacts non-financial institutions

2. Identify money laundering risks for non-financial institutions

3. Review steps that non-financial institutions can take to mitigate money laundering risk