The business lines are the eyes and ears of the compliance team. As part of their daily responsibilities, these employees are more likely to run across risks than those not embedded in the business.

A decentralized approach – with oversight – can enhance the compliance program. But, how can a business make sure that everyone understands their role in AML compliance? Training in the local language and custom as well as adequate support from the corporate AML team, are just some of the ways that businesses have successfully enhanced their operations team.”

At this NoMoneylaundering.com Webinar, our expert speakers will cover:

• Responsibilities of front line staff related to obtaining KYC and CDD/EDD information
• KYC and CDD/EDD requirements as listed in the FFIEC BSA Examination Manual;
• The importance of updating customer information;
• Building a strong relationship between the frontline staff and back office staff; and
• Recent enforcement actions related to poor KYC and CDD/EDD processes

Erik Vingelen
Senior Vice President and BSA/AML/OFAC Officer, Banner Bank

Erik is responsible for oversight and implementation of Banner’s BSA, AML and OFAC Sanctions programs. Prior to joining Banner in 2017, Erik held various roles in BSA management and Anti-Money Laundering investigations. This included BSA/AML management roles with Wells Fargo and Umpqua Bank. Most recently, Erik was the Vice President and Deputy BSA Officer with Umpqua Bank. Erik has a Bachelor of Science degree in Political Science from the University of Oregon, a Master of Business Administration from George Fox University and a Graduate Certificate in Executive Bank Management from the Graduate School of Banking at Colorado. Erik is a Certified Anti-Money Laundering Specialist (CAMS) and frequently presents on industry panels and webinars on BSA/AML/OFAC related matters.

Thomas E. Nollner
Consultant, Office of Technical Assistance (OTA), U.S. Treasury Department

Tom has more than 38 years of experience in financial institution supervision and consulting.  He spent 30 years as a National Bank Examiner (NBE) for the Comptroller of the Currency where he was a safety and soundness examiner and a compliance examiner, retiring in 2008.   During Tom’s last 15 years as an NBE and past 10 years as a consultant, he has specialized as an AML/CFT examiner/consultant.  In these roles he has analyzed the AML/CFT programs and processes for all types of financial institutions’ to ensure that they complied with applicable AML/CFT laws, rules, and regulations.  In addition, he has reviewed suspicious activity identification, monitoring, and reporting processes; he has traced proceeds and transactions through several layers of activity; and he has provided AML/CFT training for many different financial institutions.

In his current role at the OTA, Tom assists developing countries with banking issues. Tom is assigned to the Economic Crimes Team that focuses on training, assisting, and mentoring the staffs of the financial regulatory departments and financial intelligence units of various countries, such as: Afghanistan, Iraq, Myanmar, and Surinam, regarding AML/CFT compliance.