Suspicious Activity Reports And AML Act Changes: What You Need To Know

Michael Schidlow Michael Schidlow
Financial compliance expert Michael Schidlow will delve into the intricacies of the SAR audit process and reveal the possible changes ahead. You will learn what details you must include and which factors are subject to the most scrutiny.

Topics Covered

  • What are the essential SAR requirements?
  • What testing is typically applied to SAR filings?
  • How can you enhance overall SAR quality?
  • How does auditing ongoing reports differ from auditing initial filings?
  • How should filers tailor reports based on risk assessment?
  • What changes might the Anti-Money Laundering Act of 2020 bring to SAR filing?
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Scheduled for 60 minutes including question and answer period.

INFORMATION
Training Overview

Drive consistency in SAR filing ahead of AMLA changes. Learn how to update your reporting procedures.

Suspicious Activity Reports (SARs) can be one of the most challenging areas to understand for investigations and audits.

The Anti-Money Laundering Act of 2020 will likely bring changes to the requirements, necessitating reviewing and updating your procedures. The COVID-19 pandemic makes it particularly crucial to be vigilant and detail-oriented with SAR filings as suspicious activities run rampant and regulators increase their oversight.

  • What are the essential SAR requirements?
  • What testing is typically applied to SAR filings?
  • How can you enhance overall SAR quality?
  • How does auditing ongoing reports differ from auditing initial filings?
  • How should filers tailor reports based on risk assessment?
  • What changes might the Anti-Money Laundering Act of 2020 bring to SAR filing?
Recommended Audience
Who Should Attend?
  • Financial crime compliance staff
  • Business unit and department managers
What's included
Training includes
  • Certificate of Attendance
Michael Schidlow
About

Expert Presenter

Michael Schidlow
  • Financial crime compliance advisory and training consultant
  • Over fourteen years of experience in the legal, compliance, and audit fields
  • Previously has held leadership roles with Bank of America and HSBC
  • Certified Fraud Examiner (CFE)
  • Certified AML Audit Specialist (CAMS-Audit)
  • Licensed attorney
  • Professor of criminal justice and ethics
More Info