Enforcement Actions and How They Can Affect Your Institution
  • CODE : NOLL-0011
  • Duration : 60 Minutes
  • Level : Intermediate
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Thomas E Nollner has more than 40 years of experience in AML/CFT financial institution supervision and consulting.Mr. Nollner spent 30 years as a National Bank Examiner for the Comptroller of the Currency where he was a safety and soundness examiner and a compliance examiner. As a safety and soundness examiner, he examined national banks for capital adequacy, asset quality, management issues, earnings concerns, and liquidity funding.  As a compliance examiner his specialty was as an AML/CFT examiner, where he analyzed AML/CFT programs to ensure that these programs fully complied with applicable banking laws, rules, and regulations; he reviewed suspicious transactions identification, monitoring, and reporting process; he traced proceeds and transactions through several layers of activity; and, he reviewed AML/CFT processes and procedures to determine root causes of AML/CFT program weaknesses.

Mr. Nollner currently works as a banking consultant for several large international consulting firms, he has functioned as an expert witness in several AML/CFT cases, and he is employed by the Office of Technical Assistance (OTA), a branch of the US Treasury that assists developing countries with banking issues. Working for the OTA, Mr. Nollner is assigned to the Economic Crimes Team focusing on training, assisting, and mentoring the staff of the financial regulatory departments and financial intelligence units of various countries regarding AML/CFT compliance.  In this capacity, Thomas works in developing countries such as Afghanistan, Iraq, Kosvo, Paraguay, Liberia, and Viet Nam developing AML/CFT examination procedures, providing AML/CFT training and mentoring, and updating local AML/CFT laws and regulations.

This course will review and discuss recent Enforcement Actions issued by the Office of the Comptroller of the Currency and FinCEN to help participants understand the process used by regulators and law enforcement when developing and issuing Enforcement Actions. The session will include Enforcement Actions for banks and money service businesses. We will review the regulatory history and background of the financial institution involved, the findings of the regulators and law enforcement during examinations and onsite reviews, the reasoning behind the Enforcement Actions, and the expectation of the regulators and law enforcement going forward. In addition, we will discuss policy changes, procedure enhancements, and operational practices the financial institution could have taken to prevent the weaknesses that caused the Enforcement Action.

Areas  Covered

This webinar with address current Enforcement Actions issued by the Office of the Comptroller of the Currency & FinCEN, to include the background of the financial institution involved in the Enforcement Action, the regulatory history of the institution, the specific issues involved with the Enforcement Action, the fine imposed by the regulator and law enforcement, and the expectations for the institution to comply with the articles of the Enforcement Action.

Why  Should Attend

You should attend this webinar because reviewing and analyzing the issues and violations of law identified in Enforcement Actions by regulators and law enforcement can help you understand, mitigate, and hopefully prevent the same types of problems in your AML program. The more aware you are of the focus regulators and law enforcement place on certain areas of bank operations, the better you can ensure that your institution has policies and procedures in place to full comply with all laws and regulations.

  • $149.00



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