Anti-Money Laundering (AML) & Bank Secrecy Act Issues (On-Demand)

Course Description

Attorneys watching this presentation can expect to learn the basics of Anti-Money Laundering (“AML”), including the definition of money laundering and the requirements of an AML program. In addition, they will learn about specific ways in which AML laws and regulations may apply to them in their practice, and recent proposals and updates that could impact attorneys in the future.

Attendees will hear about the status of the Financial Crimes Enforcement Network’s (“FinCEN”) Beneficial Ownership information reporting requirements, their final Rules establishing AML reporting requirements for Investment Advisors and real estate transactions, and related issues. Attendees will also hear about other FinCEN releases, and recent law enforcement and regulatory actions that may impact practitioners. We will then connect these to recent and relevant AML enforcement actions brought by FinCEN, the Securities and Exchange Commission (“SEC”), and the Financial Industry Regulatory Authority (“FINRA”).

Syllabus

1. FinCEN’s Beneficial Ownership Rules and implementation
2. FinCEN’s new final Rules for Investment Advisors and real estate transactions
3. Emerging AML regulatory trends
4. Recent AML enforcement actions
5. Relevance of AML in the Legal Profession