The de-risking debate

April 9, 2015 10:15am

Moderator:

Stephen Harvey
Harvey AML Advisory Inc.

Panelists:

Susan Han
Senior Legal Counsel
AUM Law

Robert Osbourne
Manager, Forensic Accounting and Investigative Services
Grant Thornton LLP

Joseph Iuso
CEO
UseMyServices

Striking the balance between an organization’s risk tolerance and the cost of compliance is proving ever more difficult. This session explores the challenges and potential solutions that FIs and clients identified as high-risk can employ to ensure smooth working relationships.

  • Steps you can take to satisfy yourself that high-risk regulated clients are meeting their compliance obligations
  • Communicating your organization’s approach to an FI to set clear expectations and forge strong relationships
  • Asking the right questions to bridge the gaps – steps both FIs and clients identified as high-risk can take to ensure appropriate risk assessments and monitoring procedures are in place
  • Working together to find mutually acceptable solutions