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Webinar: Foreign Correspondent Banking

Start
March 25, 2021 10:00 am
End
March 25, 2021 12:00 am

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Event Details

Please find below the invitation to the next ACCUR webinar: Foreign Correspondent Banking on Thursday 25 March at 10 am – 11.30 am.
To RSVP kindly click here by Monday 22 March. The Zoom details will be shared with the RSVP list. For ACCUR members the webinar will be free of charge. For non-members a fee of 75 ANG applies. Please find below information about the speaker and the payment details. The agenda topics are:
  • Anti-Money Laundering Act of 2020 – Section 6308 affecting correspondent banking
  • CDD – Not the Usual Client Types / OFAC high risk industries / Definition of the Government of Venezuela
  • OFAC direct and indirect sanction risks
  • OFAC Compliance Program – Importance Of
Next to that, in April there will be a webinar for ACCUR members where FIU Curaçao will be present. We will discuss questions and challenges with respect to the new goAML portal. Please provide your questions and feedback via this link by Thursday 18 March. Your input is highly appreciated as this will form the basis of the webinar.
Finally, on 20 May 2021 the ACAMS Anti-Financial Crime/CFT Symposium – Dutch Caribbean will take place. For more information please visit this link.

Stay safe and take care!

With kind regards,

Board of ACCUR

Payment details
Please make sure the payment is received by ACCUR by Monday 22 March in order to attend the webinar.
Bank account in name of Association Compliance Officers Curacao (ACCUR) at: MCB Bank Curacao – # 19561400,  Chuchubiweg 17, Willemstad, Curacao – KVK 119398
Please send your proof of payment to info@accur.org and include your full name as a reference.
Speaker information
Maria-Jose Fox is the manager and owner of InCWeT®, In Compliance We Trust Consulting LLC, a Florida company established to provide consulting services in all aspects covering anti-money laundering (AML) and sanctions compliance.  Ms. Fox has over 30 years of practical international, domestic, and regulatory bank experience.
 
She started her career in the area of credit and then moved into the international regulatory field as a commissioned bank examiner with the Federal Reserve Bank of Atlanta – Miami Branch. As a field examiner for over five years, she was responsible for conducting full scope examinations of Agencies of Foreign Banking Organizations, Edge Act corporations, and Representative Offices.   In addition to examiner-in-charge responsibilities, she also assisted with all aspects of an examination including asset quality, risk management, operations, and compliance.
 
Thereafter, she worked in the area of compliance for several large international financial institutions such as Barclays Bank, PLC, private banking, and the Royal Bank of Canada.  She was sought out to assist various smaller, domestic Florida banks to handle both private and public enforcement actions. 
 
She has spoken at various conferences in the U.S., Puerto Rico, and Colombia on the subjects of AML, PEPs, Correspondent Banking, and OFAC.  She is an instructor of the Correspondent Banking and AML certifications courses for the Florida International Bankers Association (FIBA).
 
In 2007, Ms. Fox formed InCWeT® and through her practice she consults on all AML and US sanction compliance matters related with applicable US regulatory issues which includes, but is not limited to, (i) developing all-encompassing BSA and AML compliance programs, including transaction monitoring programs, client risk rating methodologies, OFAC procedures, CIP, CDD & EDD guidelines, (ii) performing gap analyses, (iii) conducting employee training, (iv) performing comprehensive annual BSA and OFAC risk  assessments, (v) providing advice on transaction monitoring system calibrations / validations, and (vi) managing and overseeing file remediation projects. Through her experience, she has consulted for financial institutions examined by the OCC, FDIC, FRB, OCIF, and the State of Florida.