The Revised BSA/AML Compliance Manual – How Does It Affect Your Institution?
Kenneth Barden is an attorney and a Certified Anti-Money Laundering Specialist (CAMS). He has over 37 years of professional experience, both within the US and internationally. His primary focus has been on compliance, financial integrity, and public financial management development. He has taught related courses at professional conferences, conducted webinars and written several articles in professional technical publications.
Banking laws and regulations are subject to change. The recent enactment of the 2020 AML Act in the US is likely to bring about additional guidance and changes in how regulars look at AML compliance issues in banks. This webinar will examine those likely changes and what your institutions could expect to see in the near future.
The webinar will examine recent trends and changes in AML regulatory compliance. Primarily those as a result of the 2020 AML Act and how these changes are reflected in the BSA/AML Manual, which regulators use as guidance when conducting compliance examinations.
- Historical overview of AML regulations
- What is the AML Act of 2020?
- What changes have been made to the BSA/AML Manual?
- What must banks prepare for as a result of these changes?
- Recommended steps to ensure compliance
Course Level - Intermediate
Who Should Attend
- Legal counsel
- Bank compliance officers
- Risk managers
- Insurance company compliance officers
- Compliance representatives of non-bank financial institutions
- Financial regulators
- Compliance personnel
- Risk managers
- Compliance and Risk
- Conflict Managers
Why Should You Attend
Attendees will gain a better understanding of the emerging trends and changes in regulations and law affecting compliance by banks with anti-money laundering (AML) requirements. The recent enactment of the 2020 AML Act is likely to impose many new requirements. Failure of banks to keep abreasts of these changes can result in significant fines and penalties.