Stanley Foodman

CEO of Foodman CPAs & Advisors

White Paper: How to develop an effective AML transaction surveillance program

Thu, Sep 29, 2016 10:30 AM EDT

De-risking is controversial. The perception is that it leads “high – risk” clients to smaller financial institutions that might not have an adequate AML/CFT processes in place. Moreover, some of these entities are being pushed to less regulated or “shadow banking” systems with no regulatory oversight.

According to The Financial Action Task Force (FATF): “De-risking can be the result of various drivers, such as concerns about profitability, prudential requirements, anxiety after the global financial crisis, and reputational risk.

Join Us for a discussion on de-risking and the impact it will have to your institution and the global financial market.

 

PRESENTER: Stanley Foodman, CPA, CFE, CFF, CAMS, CGMA is CEO of Foodman CPAs & Advisors.

Mr. Foodman has extensive experience representing U.S. and non-U.S. taxpayers with U.S. and cross border tax reporting and governmental controversies. Mr. Foodman uses his law enforcement background, extensive experience as a forensic accountant and expert witness to represent clients in resolving their tax disputes.

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