PLAY RECORDING

Broadcast Date: Thursday, April 21, 2022
from 12:00 pm to 1:00 pm (ET)

Overview:

The current financial legislation developments along with the evolving regulatory landscape have forced financial institutions to be one step ahead of the unique challenges that have emerged. Moreover, significant disruptions in the financial system stemming from the Anti-Money Laundering Act (AMLA) of 2020 have led to stricter enforcements and other important reforms.

With these emerging trends and developments in the backdrop, a tighter focus on money laundering is likely to remain. Thus, financial institutions must review their monitoring and reporting practices and invest in a strong compliance program in response to the new regulations.

In a LIVE Webcast, anti-money laundering experts Robert Moreiro (Practus, LLP) and Ross B. Hofherr (Harris Beach PLLC) will discuss the significant and latest trends surrounding Bank Secrecy Act (BSA)/Anti-Money Laundering (AML). This course aims to help you prepare for proposed regulations that are likely to shape this area of law.

Key topics include:

  • Money Laundering Enforcement Trends
  • Latest Regulatory Changes
  • New Challenges Facing Compliance Programs
  • Best Compliance Practices
  • What Lies Ahead

Credit:

Course Level:

Intermediate

 

Preparation:

Print and review course materials

 

Method of Presentation:

On-Demand Webcast

 

Prerequisite:

General knowledge of banking and finance laws

 

Course Code:

149942

 

NY Category of CLE Credit:

Areas of Professional Practice

 

Total Credit:

1.0 CLE

Speaker Panel:

Ross B. Hofherr, Member, Leader, International Trade Law Practice Group
Harris Beach PLLC

Ross is a co-leader of the Regional Financial Institutions Team and represents financial institutions and other commercial clients in complex business disputes in state and federal courts.  These matters often involve multijurisdictional or international implications, including contract, regulatory compliance, lender liability, distribution agreements, partnership disputes, insurance, reinsurance, and white-collar matters. Ross also advises clients on regulatory implications of engaging in commercial transactions, including international transactions. His work includes the defense of consumer financial services class action litigation, regulatory matters, mediations, arbitrations, and internal investigations.

Ross advises organizations of all types on financial and banking developments within the Marijuana Regulation and Taxation Act (MRTA), including cultivators and processors, retailers, and distributors. He is a frequent speaker on Cannabis topics.

Robert Moreiro, Partner
Practus, LLP

Robert has close to 20 years of considerable experience in financial services, advising registered investment advisers and broker-dealers regarding regulatory and compliance issues. With a deep understanding of the federal securities laws, Robert provides registered investment advisers, broker-dealers, and other financial institutions comprehensive and diverse services relating to all aspects of the federal securities laws, FINRA rules, and BSA/AML and OFAC regulations. He has represented registered investment advisers, broker-dealers, and individuals being examined, investigated, and prosecuted by the SEC, FINRA, other self-regulatory organizations and state regulators. He has assisted several clients in establishing SEC and state-registered investment advisers including drafting and filing all of the required documentation including creating the compliance program plus all applicable policies and procedures.

Agenda:

SEGMENT 1:

Ross B. HofherrMember, Leader, International Trade Law Practice Group

Harris Beach PLLC

AND

SEGMENT 2:

Robert MoreiroPartner

Practus, LLP

  • Developments regarding cryptocurrencies
  • Banking Services for cannabis companies
  • Using third party vendors for BSA compliance
  • Fraud and scams involving consumer accounts
  • SEC and FINRA Continue to Focus on AML Deficiencies
    • SEC Division of Examinations Risk Alert Reminding Broker-Dealers of Their Obligations Related to AML Rules and Regulations
    • FINRA Regulatory Notice 21-36 - FINRA Encourages Firms to Consider How to Incorporate the Government-Wide Anti-Money Laundering and Countering the Financing of Terrorism Priorities Into Their AML Programs
    • 2022 Report on FINRA’s Examination and Risk Monitoring Program (Pertaining to AML)
  • Recent SEC and FINRA Enforcement Actions

Date & Time:

Thursday, April 21, 2022

12:00 pm to 1:00 pm (ET)

Materials:

Download Course Materials

Who Should Attend:

  • Chief AML Officers
  • Chief Financial Officers
  • Chief Compliance Officers
  • AML/BSA Compliance Managers and Officers
  • VPs and Directors of Finance
  • Financial Reporting Officers
  • Internal Auditors
  • Finance Executives
  • CPAs
  • AML/BSA Analysts
  • AML/BSA Lawyers
  • Financial Crime Investigators
  • Fraud Risk Managers
  • Fraud Investigators

SPEAKERS

Ross B. HofherrMember, Leader, International Trade Law Practice Group
Harris Beach PLLC
Robert MoreiroPartner
Practus, LLP

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