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About Stanley Foodman
Stanley is the President and CEO of Foodman CPAs & Advisors. He is a bilingual professional that specializes in Financial Institution Compliance, Complex Tax Compliance and Forensic Accounting.

He was a sworn reserve agent for the Florida Department of Law Enforcement who was assigned to assist the U.S. Customs and Border Protection, the U.S. Attorney in Miami, Florida, the DEA and the FBI.

As a forensic accountant, Stanley has participated in a significant number of federal economic crimes trial as a prosecution and as a defense expert. The matters involved defendants charged with being members of organized crime organizations, kidnappings, murders, money laundering, OFAC violations, FCPA violations and international tax evasion.

About Foodman CPAs and Advisors
Foodman CPAs & Advisors is a specialized compliance and tax boutique that provides corporate governance solutions to an International and Domestic clientele. We serve the legal community, banking institutions, large and medium businesses, Government entities and Individuals. As pioneers in the field of Financial Institution Compliance, with a solid reputation for results in complex compliance matters, we have consistently ranked among the top accounting firms in South Florida.

Foodman CPAs & Advisors has highly experienced Consultants who each combine extensive Accounting, Tax and Banking Experience and Project Leadership Skills. Our U.S. and International Specialists support USFIs, FFIs, and Consultants with Regulatory Interpretation. Our wide range of training and support services are available in English, Spanish and other languages.

Event Summary

The need for banks and other financial institutions to design their Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance program is paramount to mitigate financing risks and, most importantly, ensure conformity with the heightening BSA/AML regulations. Adopting a risk-based approach that focuses on detection and mitigation measures from potential illicit financial transactions is at the core to avoid hefty fines and legal liabilities. Moreover, banks and financial institutions must keep themselves abreast with emerging regulatory developments to avoid pitfalls.

Join seasoned forensic accountant Stanley Foodman, CPA, CAMS, CFE, CFF, CGMA, TEP (Foodman CPAs and Advisors) and financial crime expert Uday Gulvadi (Stout Risius Ross, LLC) as they delve into an in-depth discussion of the crucial issues and trends reinforcing BSA/AML compliance. The speakers will also share fresh insights and practical tips for developing effective and robust risk assessment and management programs.

Key topics that will be covered in this discussion are:
The BSA/AML Risk Assessment: An Overview
Notable Enforcement Trends
The Importance of a Risk-Based Approach in Identifying Risks
The Interplay of Risk Assessment and Customer Due Diligence (CDD)
Regulatory Outlook

Learning Objectives:
Understand the key principles and methodologies of conducting a comprehensive BSA/AML risk assessment.
Explore the interrelationship between risk assessment and customer due diligence (CDD) for enhanced compliance and effective anti-money laundering measures.
Gain insights into the emerging regulatory developments and enforcement trends in the BSA/AML landscape.

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 cant get anywhere else.

Therese Lumbao
Director, Member Services
The Knowledge Group, LLC
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