AML Risks in Correspondent Banking-What You Should Know for 2020


Topic : AML Risks in Correspondent Banking-What You Should Know for 2020

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Correspondent banking relationships have become a hot topic with BSA/AML over the past few years. The U.S. Treasury Department has placed more importance on the examination of correspondent banking relationships and has added more guidance related to the issues of “de-risking (terminating/exiting current correspondent banking relationships). This training session will highlight why it is essential to know the risks related to correspondent banking relationships, regulatory guidance issued for maintaining these relationships, and the concept that financial institutions can always make a business decisions as they see fit.

Areas Covered in the Session:

Risks related to foreign correspondent banking
US regulations addressing foreign correspondent banking
Responsibilities of the correspondent and respondent bank
KYC, CDD/EDD and the suspicious activity process
FFIEC recommended examination procedures
How nesting should be addressed by the respondent bank
The need for on-going communication between the correspondent and the respondent

Speaker Profile :

Thomas E Nollner is keynote speaker at ComplianceKey he has more than 38 years of experience in financial institution supervision and consulting. Mr. Nollner spent 30 years as a National Bank Examiner (NBE) for the Comptroller of the Currency where he was a safety and soundness examiner and a compliance examiner. The last 15 years as an NBE and for the past 8 years as a consultant, Mr. Nollner has specialized as an AML/CFT examiner/consultant. In these roles he has analyzed financial institution’s AML/CFT programs to ensure that they complied with applicable AML/CFT laws, rules, and regulations; he reviewed the suspicious transactions identification, monitoring, and reporting processes; he traced proceeds and transactions through several layers of activity; and he provided AML/CFT training for many different financial institutions.

Contact Info :

Compliance Key

Email :

Phone : +1 717-208-8666

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