New Anti-Money Laundering Act: Key Provisions & BSA Implications

On-Demand Webinar

StreamedMar 29, 2021Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

Think you know all about AML? Think again! The recent passage of the National Defense Authorization Act included the most comprehensive set of reforms to the anti-money laundering (AML) laws since the USA PATRIOT Act was passed in 2001.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Understand the expanded whistleblower protections and how those may lead to significantly increased civil and criminal enforcement of AML violations
Avoid and protect your institution from new penalties
Recognize how the AMLA strengthens FinCEN
Explain the revised BSA declaration of purpose

WEBINAR DETAILS

The National Defense Authorization Act for FY 2021 was passed by the Senate despite a Presidential veto. The new provisions have serious implications for BSA programs regarding beneficial ownership, CTRs, and SARs. This webinar will break down the bill and go section-by-section through the money laundering piece and how it could impact your institution, including:

A beneficial ownership database constructed by the federal government
Streamlining SARs and CTRs
A study to increase exemption levels for CTRs and thresholds
New whistleblower protections
A study on how to provide inclusion for charities and nonprofits
Required annual training for examiners

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

This timely webinar will benefit BSA officers, BSA staff, business department personnel, branch administration, deposit operations staff, trainers, branch staff, loan officers, and anyone who works with the Bank Secrecy Act or opens business accounts.