Risk Mitigation Practices for Foreign Correspondent Accounts and Foreign Financial Institutions

Edwin Rivas has an extensive experience working in anti-money laundering, regulatory compliance and internal audit, with strong international and domestic experience in financial services. He has appeared on news television discussing the impact of the USA PATRIOT Act requirements, and he has also conducted regulatory compliance training presentations in the USA, Latin America and Europe. Mr. Rivas has an extensive list of certifications including CCRP, CRCM, CAMS, and AMLP.

Risk Mitigation Practices for Foreign Correspondent Accounts and Foreign Financial Institutions

As a follow up to last month’s article “How Correspondent Banking Became a Nightmare for Foreign Banks”, and given the recent hefty penalties imposed on Habib Bank in New York, we thought it would be valuable to provide guidelines and practical solutions for minimizing the residual risk of Foreign Correspondent Banks (“FCB”). We hope the […]

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