Anti-Money Laundering Act: Update & Lessons Learned
On-Demand Webinar
StreamedJan 31, 2023Duration90 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
Learn how to evaluate your institution's compliance with the AML Act provisions already in place and plan for those coming down the pike.
This
session will address the impact on policies, risk assessments, monitoring
procedures, and training programs, as well as provide tools and examples to
successfully navigate the changes.
AFTER
THIS WEBINAR YOU’LL BE ABLE TO:
- Identify the purpose of the AML Act and its impact on your BSA program
- Incorporate the eight AML/CFT priorities into your BSA/AML risk assessment and red flag monitoring programs
- Explain FinCEN’s 2022 final rule to implement beneficial ownership information reporting
- Understand FinCEN’s frameworks to facilitate information sharing among financial institutions and their service providers, regulators, law enforcement, and others
- Detail how virtual currency is considered in regulatory definitions and red flags you should know
- Prepare for changes being proposed to CTR and SAR reporting, including to thresholds and required fields
- Use the information and tools provided to inform your management and board of current and future changes
WEBINAR DETAILS
It’s been three years since the Anti-Money
Laundering Act of 2020 (AML Act) became effective. While there have been a number of notices,
advisories, reports, and rulemakings, there are many key components, which may
result in additional regulation. Passage
of the AML Act has already set in motion a number of issues that will impact
your risk-based BSA program and potentially change recordkeeping and reporting
requirements. From risk assessments to
beneficial ownership to CTRs and SARs – you need to be prepared for changes big
and small.
WHO SHOULD ATTEND?
This informative session
is designed for BSA officers, compliance officers, security officers, and
anyone responsible for managing your BSA/AML program.
TAKE-AWAY TOOLKIT
- AML Act implementation plan
- Sample BSA/AML risk assessment updated for the AML Act
- Beneficial ownership final rule fact sheet
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission,
or republishing of any webinar to other institutions or those not employed by
your institution is prohibited. Print materials may be copied for eligible
participants only.
Presented By
Brode Consulting Services Inc
© 2023 FINANCIAL EDUCATION & DEVELOPMENT, INC
