Beth Berenbaum, CFCS, CAMS, Director, Risk Assessment Officer, Industrial and Commercial Bank of China to Speak at The Knowledge Group’s Event
The Knowledge Group, the leading producer of regulatory focused webcasts, has announced today that Beth Berenbaum, CFCS, CAMS, Director, Risk Assessment Officer, Industrial and Commercial Bank of China will speak at its webcast entitled, “A Comprehensive Guide on Anti-Money Laundering: Demystifying Trends, Developments, and Critical Issues LIVE Webcast.”
- (1888PressRelease) January 15, 2022 - This event is scheduled for Wednesday, January 26, 2022 from 12:00 PM to 1:30 PM (ET).
For further details, please visit: https://knowledgewebcasts.com/know-portfolio/comprehensive-guide-on-anti-money-laundering-cle/
About Beth Berenbaum
Beth has been a Compliance Consultant to the financial services/banking industry for over 15 years, and recently joined ICBC-NY Branch as their Director, Risk Assessment Officer. She has in-depth knowledge of Financial Crime (AML/BSA/Fraud, CTF), Risk Management, KYC/EDD/CDD/CIP, OFAC, and extensive experience with several automated AML/OFAC monitoring systems. She performs independent reviews and system validations and has successfully created and written AML programs and manuals, policies and procedures.
About Industrial and Commercial Bank of China
Industrial and Commercial Bank of China Limited (“ICBC”), listed on both SSE and SEHK, is the largest bank in the world by total assets [SNL data, as of 2014.]. It has its presence in six continents, and its overseas network has expanded to more than 40 countries and regions. For several times, ICBC was ranked in the first place of the largest public enterprise in the world among the Global 2000 listed by the US magazine Forbes.
The Industrial and Commercial Bank of China (USA) NA (“ICBC USA” or the “Bank”) is the U.S. subsidiary of ICBC with ICBC as the Controlling Shareholder owning 80% shares, East Asia Holding Company, Inc. owning the other 20%. ICBC USA is a national bank chartered by the Office of the Comptroller of the Currency. It operates thirteen branches in New York and California, with three in New York, five in San Francisco Bay area in northern California and five in greater Los Angeles area in southern California.
In the United States, including the Bank ICBC has four institutions providing a full suite financial services to consumer, business, and financial institution customers. ICBC NYBR engages in wholesale deposit-taking, lending, and other banking services primarily for business clients. The branch also serves as the U.S. dollar clearing center for ICBC. ICBC FS provides primarily fixed-income securities clearing and financing services to institutional clients. In 2015, ICBC purchased 60% controlling interest in Standard Bank Plc and formed ICBC Standard New York, which provides trading service of securities, commodities, and foreign exchange.
Event Summary
Devising and implementing effective anti-money laundering (AML) compliance programs have always been tricky and challenging. With the rising number of AML violations and the stiffer penalties from recent enforcement actions, businesses and organizations are urged to better revisit and re-assess their existing initiatives and ensure that these are compliant with the current enforcement priorities.
One of the keys to strengthening a company’s AML compliance is to have a wider vision of its risk areas. Employing risk assessment solutions so that financial crimes are diligently mitigated can be of great help. However, choosing the correct software can be burdensome.
Listen as financial crime risks assessment expert Rosie Davitt (Arctic Intelligence) and guest(s) provide an overview on anti-money laundering (AML) regulations and landscape, the latest developments, and the most pressing issues for compliance and risk teams. She will also offer helpful tips in choosing the best risk assessment software to boost one’s AML compliance programs.
In this LIVE Webcast, the speaker will discuss:
• The AML Landscape: Trends and Developments
• AML Enforcement Priorities
• Challenges in the risk assessment process
• AML Risk Assessment Software
About The Knowledge Group
Founded in November 2006, The Knowledge Group has been at the forefront of providing quality continuing education programs for lawyers, accountants, financial executives, risk and compliance specialists, human resources professionals, technology officers, and business consultants in a wide range of industries.
The Knowledge Group strives to be the best-in-class provider of continuing education by bringing forth relevant content you can’t get anywhere else.
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