Nailing Gelatin to a Wall – Monitoring E-banking Activity for Fr


Presented by: Patricia Cashman

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Have you ever tried to nail gelatin to a wall? Getting the nail through the gelatin is not the problem. Rather, the challenge is in getting the gelatin to stay put once that nail is in place.

Monitoring elusive e-banking products such as ACH transactions, remote deposit capture (RDC), wire transfers, on-line activity, etc can be difficult to "pin down." But BSA/AML & FACTA's Red Flag Guidelines require that you recognize these high-risk activities and then set about mitigating those risks. Additionally, the FFIEC has issued guidance on risk management practices for RDC. The federal regulators have publicly warned financial institutions of the inherent risks of ACH activity without enhancing existing risk management systems and controls.

You have your hammer and there are plenty of nails in your tool belt but you are not certain where to start.

This session will assist you in:
  • Identifying various e-banking products that can, and probably do, flow through your financial institution.
  • Utilizing your CIP and "Know Your Customer" procedures
  • Detecting unusual e-banking activity (AML & Red Flag)
  • Developing policies & procedures to assist in reducing the risks associated with e-banking
  • Creating internal controls and a risk-based audit program
Who should attend? This session is designed for:
  • BSA/AML officers
  • Risk Management and/or Fraud officers
  • Senior Management
  • New & experienced compliance auditors
About the Speaker: Patricia is a partner in Cashman Compliance Solutions, LLC. She is responsible for consumer compliance reviews, Bank Secrecy Act (BSA) and Anti-Money Laundering reviews, and compliance and BSA training.

Patricia began her banking career in 1969. She has been the senior operations officer for three Dallas-Ft. Worth area community banks, an assistant examiner for the Texas Department of Banking and managed the compliance/internal audit division of TIB - The Independent BankersBank, one of the largest bankers' banks in the country.

Additionally, Patricia has spoken as a webcast/teleconference presenter for the American Bankers Association (ABA), BankersOnline (BOL) and the Center for Financial Training (CFT), taught a variety of compliance subjects for the Texas Bankers Association (TBA) and ABA at their respective Compliance Schools. She also serves as a BOL GURU and been a speaker/trainer for numerous banks and compliance organizations.

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CD-ROM includes:
  • Complete presentation (including slides and audio)
  • Written Materials
  • Follow-up Q & A
You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.

This program was recorded in its entirety in October 2010. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_amlactivity1010
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Tuesday 17 February, 2009.

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