Risk and Compliance CLE & CPE

The damaging effects of money laundering continue to be a global threat today. Not only do they pose risks to economic stability and the overall financial system, but they also constitute significant threats to national security.

Devising and implementing effective anti-money laundering (AML) compliance programs have always been tricky and challenging. With the rising number of AML violations and the stiffer penalties from recent enforcement actions, businesses and organizations are urged to better assess their existing practices and ensure that these are compliant with the current enforcement priorities.

In this LIVE Webcast, a panel of thought leaders and professionals brought together by The Knowledge Group will provide and present an in-depth analysis of the fundamentals as well as recent developments in Trends and Developments in the TCPA: Compliance and Important Updates. Speakers will also present all important issues surrounding this significant topic. Join us for this Knowledge Group Webinar!

Financial organizations generally use the Foreign Corrupt Practices Act (FCPA) and the anti-money laundering (AML) policy to address litigation matters involving corruption and bribery issues. Thus, strengthening these litigation tools is vital to combat relevant threats within the financial system. In line with this, the Biden administration recently issued the "Memorandum on Establishing the Fight Against Corruption as a Core United States National Security Interest," requiring interagency cooperation to develop strategies to address global corruption, money laundering, and illicit financing. This means that a heightened enforcement regulation and stricter compliance requirements are to be expected in the coming days.

Cooperation between global regulators and law enforcement authorities across borders has become more common today – a trend which resulted in a more complex and large-scale cross-border investigations. This joined-up approach, along with other challenges brought by the current remote work environment setup and the new administration’s enforcement priorities, has posed several challenges to investigators.

In this LIVE Webcast, a panel of thought leaders and professionals brought together by The Knowledge Group will provide and present an in-depth analysis of the fundamentals as well as recent developments in The SEC’s Enforcement Actions and Investigations: Managing Compliance Risks. Speakers will also present all important issues surrounding this significant topic. Join us for this Knowledge Group Webinar!

Uncertainties in today’s business landscape are presenting a host of risk issues to supply chains around the world. The COVID-19 pandemic, which resulted in paralyzed business operations and significant revenue losses, is one proof of how vulnerable and fragile supply chains are to disruptions. This magnifies the need for companies to reassess their service supply chain and ensure that it is prepared for any interruption.

Broker-dealer regulations remain to be evolving and challenging. Scrutiny of anti-money laundering (AML) programs continues to be a top priority, as the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) bring significant AML-related enforcement actions against member firms. Other challenges that confront legal and compliance practitioners include the intensified standard of conduct rules governing investment recommendations to retail clients and the emerging forms of trading platforms.

The Consumer Financial Protection Bureau (CFPB) enforcement landscape has been continuously reshaped by significant rule changes and regulatory developments. Among the latest issues, which the financial services industry needs to be aware of, include consumer protection concerns related to COVID-19 and CFPB’s anticipated rules relating to default mortgage servicing. Both are expected to bring more complexity and compliance challenges to financial institutions.

Over the past years, anti-money laundering due diligence and compliance has continuously intensified and remained to be among the ever-evolving challenges for businesses. Furthermore, the rapid developments brought by financial technologies have opened cyber and insider threat vulnerabilities, adding up to the risks that regulators and financial institutions need to address.

Preparing to conduct an M&A transaction, the focus is to make the deal work. One of the factors critical to the success of every M&A transaction is an extensive information technology (IT) integration strategy. Although often overlooked, performing IT due diligence in the post-deal phase is crucial in ensuring a successful IT integration. Insufficient focus on IT due diligence can result in poor execution and, eventually, evitable problems that companies will have to face after the deal announcement.

The past year was a booming year for the Property Technology (PropTech) industry, and as it continues to develop, significant trends and updates arise at an unprecedented level. Set in a state of progress, the latest PropTech trends are starting to emerge and rattle businesses and organizations at an alarming speed.