DSA president, Alison Jimenez, will be a panelist on the “Total Due Diligence: Know Your Customer, Vendors and Employees” presentation at the 13th Annual ACAMS AML and Financial Crime conference in Las Vegas. The presentation will be Tuesday, September 30th at 3:15. Ms. Jimenez will be speaking on Employee Due Diligence. Her fellow panelist are Bao Nguyen of Kaufman Rossin and Jay Potsma of MSB Compliance Inc.
Institution Related Persons and Professional Associates DSA also analyzed that rate of relationships between the institution and the subject such as Employee, Agent, Director, Officer, and Owner/Major Shareholder. For most institution types, these relationships even when aggregated, were a blip on the reporting radar. The exception is Insurance where over 6% of SARs reflected that the subject had some sort of employment/ownership type relationship with the institution. Another category DSA reviewed was “professional associates” where the subject was identified as an Accountant, Appraiser, or Attorney. This type of relationship maxed out at less than 0.4% across all institution types.