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Banking Compliance Failures

Banking Compliance Failures

Mitigating Banking Compliance Failures: Strengthening Accountability and Safeguarding Institutions


The repercussions of non-compliance with banking regulations have reached unprecedented heights, with fines levied against banks soaring into the billions of dollars in isolated cases. These compliance failures not only pose a risk to a bank's reputation but also impact its shareholders. It is increasingly being debated whether individual officers should be held personally accountable for their decisions that lead to non-compliance, rather than punishing the shareholders.


In response to these challenges, the Sarbanes-Oxley Act has mandated that companies, including banks, maintain accurate financial reports and robust controls to ensure the material accuracy of those reports. CEOs and CFOs are required to personally sign statements affirming compliance and can be held personally liable under certain circumstances.


Join us for this timely and informative two-hour CPE training event, specifically tailored for internal auditors, compliance professionals, and individuals seeking to enhance their AML and BSA tradecraft skills. Our aim is to equip attendees with the knowledge and tools necessary to navigate the intricate landscape of banking compliance, minimize the risk of failures, and strengthen accountability within their institutions.


During this event, we will delve into the key strategies for mitigating banking compliance failures. Through case studies and real-world examples, we will explore the consequences of non-compliance and the importance of adherence to regulatory requirements. We will also provide insights into the evolving expectations surrounding personal accountability and the role of individual officers in ensuring compliance.


This internal control training course will provide each attendee with 2 CPE Event Hours (YB), demonstrating your commitment to professional development and your dedication to addressing the challenges of banking compliance. Each attendee will receive a certificate of completion, recognizing their active engagement in this essential training.


Don't miss this opportunity to enhance your understanding of banking compliance, safeguard your institution's reputation, and protect the interests of shareholders. Register now to secure your spot in this transformative event.

  • Details on Event Presentation

    Offered every six weeks on Tuesdays at 10:00 a.m. to 12:00 p.m. Central Time in two CPE-Credit event.

    We can schedule private events on your timetable for two or more attendees.

  • CPE Event Highlights

    The event covers compliance failures that can occur in any financial institution. The event will cover:

    • Common AML compliance failures.

    • Extraordinary AML compliance failures (intentional at the executive level).

    • Widespread SOX failures (Sarbanes-Oxley Act) primarily control breakdowns leading to reconciliation breakdowns and incorrect reporting.

    • A broad failure of licensing controls where the company providing insurance products in the name of several major banks did not know which products were licensed is which states.

  • Learning Objectives

    This CPE training event will provide valuable assistance to all personnel with anti-fraud responsibilities in banks or other financial institutions. It will cover the following learning objectives:

    • Understanding what causes bank compliance failures,

    • How can banks identify the signs of compliance issues,

    • How do compliance issues be address to eliminate the root cause.

  • Key Issues on the Agenda

    The major agenda items within this intense CPE training event are answering:

    • What was the cause of the compliance failure?

    • How was a problem identified (red-flags, check list items, audit steps) and communicated internally (escalation process)?

    • What was done with regard to communication with regulatory authorities?

    • What did it take to investigate and address the failures?

    • What internal controls and risk mitigation steps were taken to prevent recurrence?

  • NASBA Program Disclosures

    Program Level of Understanding: Basic
    Prerequisites: None
    Advance Preparation: None
    Delivery Format: Group Internet Based
    NASBA Field(s) of Study: Auditing
    CPE Credits: 2, based on 50 minutes of instruction per hour

  • Summary of the Subject Matter

    This CPE event "Banking Compliance Failures" delves into a critical examination of compliance challenges faced by banking institutions, addressing the repercussions of non-compliance and presenting strategies to navigate and mitigate such failures effectively.

    Key areas of focus include:

    • Regulatory Framework and Compliance Obligations: The event provides an in-depth analysis of the intricate regulatory landscape governing banking compliance, shedding light on the multifaceted obligations imposed on financial institutions to adhere to stringent compliance standards and regulations.

    • Root Causes and Impact of Non-Compliance: Attendees gain insights into the underlying causes of compliance failures within the banking sector and the consequential impact on organizational integrity, customer trust, and regulatory sanctions. The event aims to foster a comprehensive understanding of the far-reaching implications of non-compliance.

    • Effective Risk Assessment and Mitigation Strategies: The event equips attendees with strategies to conduct robust risk assessments, identify potential compliance pitfalls, and implement proactive mitigation measures to fortify their institutions against compliance failures.

    • Cultural and Organizational Shifts: Emphasizing the pivotal role of organizational culture, the event explores the necessity of fostering a compliance-centric ethos within banking institutions, advocating for a transformative organizational shift that prioritizes ethical conduct and regulatory adherence.

    • Technological Innovations and Regulatory Alignment: Attendees are presented with innovative technological solutions aimed at streamlining compliance processes and ensuring alignment with ever-evolving regulatory requirements, fostering a proactive and adaptive approach to compliance management.

    By delving into these pivotal subject matters, the event aims to empower banking professionals with the knowledge and strategic acumen necessary to navigate and preempt compliance failures, fostering a culture of robust compliance and ethical governance within the industry.

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