This one-hour course explores the nature of private banking, its money laundering risks and how these risks are typically controlled. Through this course, you will develop an understanding of:
• The nature of the private banking business environment
• The money laundering risks associated with private banking
• The nature and operations of the types of controls generally employed to manage these risks
• The private banking risk management framework within which these controls are deployed
Understanding the strategic money laundering risks and control framework elements relevant to the private banking business environment should help you perform tactical risk analyses of private banking customers and their activity with greater precision and efficiency.
Two scenarios at the end of the course will also provide you with an opportunity to work through examples of the sort of tactical and strategic money laundering risk analysis process associated with private banking.
Private Banking- 1 Hour
Strategic Risk Analysis
Customer Activity Review
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