In light of the aggressive enforcement focus against money laundering and other illegal activities, sweeping changes were implemented to further strengthen the Anti-Money Laundering Act of 2020 (AMLA 2020). Under this enhanced AMLA 2020, the existing Bank Secrecy Act (BSA) whistleblower program has been expanded – introducing significant reforms including newer protection schemes and additional incentives for whistleblowers.
The updated BSA/AML whistleblower program has created a tougher and more challenging compliance space for financial institutions and BSA-regulated entities. Thus, companies and their compliance teams must stay close to the latest issues and developments in this area of law.
Join a panel of key thought leaders and professionals assembled by The Knowledge Group as they delve into an in-depth analysis of the significant reforms and key implications of the updated AMLA 2020. Speakers will also provide best compliance practices to avoid legal pitfalls.
Key topics include:
BSA/AML Compliance: Legal Overview
Significant Reforms Under the Enhanced AMLA 2020
Critical Issues Surrounding the New Whistleblower Provisions
G. Elaine Wood, Vice President Charles River Associates
Elaine Wood is a Vice President in the Risk, Investigations and Analytics practice at Charles River Associates, a global consulting firm. Ms. Wood is a former Assistant U.S. Attorney for the Southern District of New York with over 20 years of experience conducting global investigations and consulting on internal controls and procedures. Her independent findings have been submitted to regulators, courts and law enforcement agencies. She works with clients to implement compliance controls, and specializes in emerging technology solutions in security, risk management, and data governance. She is an expert in international fraud and money-laundering investigations.
Ms. Wood advises on anti-money laundering (AML) and anti-bribery and corruption (ABC) programs, OFAC, FCPA and UK Bribery Act issues, corporate governance, enterprise risk management, and gap analysis. She is a member of the Association of Certified Fraud Examiners, the Association of Certified Anti-Money Laundering Specialists and the Society of Corporate Compliance and Ethics.
Ms. Wood began her career as a litigation associate at Cravath, Swaine & Moore.
Ian A. Herbert, Counsel Miller & Chevalier
Ian Herbert represents global companies, executives, and trustees through government investigations and related litigation. Mr. Herbert has handled all aspects of multi-jurisdictional investigations, including complex legal analysis, global litigation strategy, and factual development. A member of the firm’s Trust and Family Office and Anti-Money Laundering practice groups, Mr. Herbert has experience advising both individuals and entities, including multinational corporations, offshore trustees and financial services companies on a range of issues, including foreign bribery, tax fraud, and other financial crimes. Mr. Herbert writes and speaks regularly on issues related to white-collar criminal enforcement and money-laundering.
Brad Dragoon, Principal Charles River Associates
Brad Dragoon is a principal with the Risk, Investigations & Analytics Practice, and is located in New York City.
Mr. Dragoon is responsible for providing compliance and risk management solutions for financial institutions and conducting complex investigations in the course of litigation or government enforcement action. Mr. Dragoon has also provided litigation support for financial institutions and enterprises accused of money laundering in US federal courts and has conducted compliance policy reviews for money-service businesses and electronic payment possessors which assessed exposure to sanctions risk and financial crime.