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CANCELED – Deposit Regulations Unleashed
May 12, 2020
Combating Ransomware – Legal Technical Considerations
May 25, 2021

The last several months have been unprecedented.  While the world learned how to deal with this pandemic and manage the daily operational activity to maintain continuity and a sense of normalcy, as noted in the press, unfortunately, criminals have taken advantage of this pandemic to carry out a number of COVID-19-related financial crimes. Criminals and terrorists seek to exploit gaps and weaknesses in national anti-money laundering systems while they assume financial institutions are focused elsewhere.  While the U.S. regulatory authorities understand that the COVID-19 pandemic can cause technical and resource challenges, U.S. financial institutions are still expected to apply a risk-based approach to BSA/AML and sanctions compliance to address the challenges posed by the pandemic.

The global impact of the COVID-19 pandemic has re-shaped how banking is carried out. Even the most stringent of contingency plans did not foresee how to carry out the daily operations for any financial institution.  To say the least, the pandemic has had a profound impact on banks.  This webinar will touch upon those impacts and focus on how the BSA/AML and OFAC compliance infrastructure has been affected.

Seminar agenda topics will include COVID impacts on:

1)    Bank Profits
2)    Loan portfolios
3)    Work Environment
4)    On-Boarding & On-Going Compliance Programs
5)    Transaction Monitoring & Reporting Program
6)    Sanctions Monitoring Program
7)    Business Continuity / Disaster Recovery Plan

  • Location: Zoom Webinar
  • Early registration on or before 1/14/21 at 9:00 am:
    Member Free
    Non-Member $25.00

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 a couple 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 to applicable US regulatory issues which include, but are 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.

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