The Financial Crime Enforcement Network (FinCEN) is continuously expanding its efforts to streamline, modernize, and update anti-money laundering (AML) and anti-terrorism financing regulations. Several developments in this area involve the proposed rulemaking for the Corporate Transparency Act’s (CTA) beneficial ownership, sharing of threat patterns and trend information, and proposed amendments to antiquities trade. Moreover, the Anti-Money Laundering Act of 2020 (AMLA) significantly increases the Bank Secrecy Act (BSA) requirements, thus posing numerous compliance hurdles for financial institutions.
To keep pace with the evolving regulatory landscape, financial institutions and other businesses concerned should stay in the loop with any developments in this field to avoid noncompliance.
Listen as finance lawyer Dennis Miralis and financial services industry expert Jesus Ornelas provide the audience with a comprehensive discussion of the recent BSA/AML enforcement trends and developments. Speakers, among other things, will also offer practical tips and compliance strategies in this ever-changing regulatory landscape.
Key topics include:
- BSA/AML Recent Regulatory and Enforcement Trends and Developments
- Exploring Implications on Financial Institutions
- Navigating BSA/AML Compliance Challenges
- Practical Tips and Effective Strategies to Avoid Noncompliance
- What Lies Ahead