AML/CTF: Trends, Developments and Enforcement Actions to Guide Companies in 2021
Significant advancements continue to reshape the anti-money laundering and counter-terrorism financing (AML/CTF) regime this 2020. In January, the U.S. Department of the Treasury released its National Strategy for Combatting Terrorist and Other Illicit Financing which details the key priorities in Bank Secrecy Act (BSA) enforcement. The Federal Financial Institutions Examination Council (FFIEC) also issued its updated BSA/AML Examination Manual, while the Financial Action Task Force (FATF) discussed the Travel Rule for digital assets.
These and other developments are expected to affect the financial compliance landscape in 2021. With risks further intensified by the COVID-19 pandemic, financial institutions need a proper roadmap to ensure compliance as well as preparedness against a potential inquiry.
Listen as a panel of key thought leaders and distinguished professionals assembled by The Knowledge Group provides a comprehensive discussion of the recent enforcement trends in AML/CTF and their implications in 2021. Speakers will also discuss practical compliance tips and strategies in this evolving climate.
Key issues include:
- Recent AML/CTF Enforcement Developments
- COVID-19 Implications
- Critical Risk Issues and Challenges
- Best Compliance Practices
- 2021 Outlook
Nyman Gibson Miralis
Murphy & McGonigle
Broker-Dealers’ Suspicious Activity Monitoring and Reporting
- The Broker-Dealer SAR Rule
- Recent FinCEN Guidance re Customer Due Diligence Requirements
- Transactions Drawing Regulators’ Scrutiny: Low-Priced Securities
- Findings and Sanctions in Recent Enforcement Actions
Who Should Attend:
- Banking and Financial Institutions
- AML/BSA Lawyers
- BSA/AML Officers and Managers
- AML Investigators
- AML Compliance Officers
- Banking and Finance Lawyers
- Auditors and Accountants
- Chief Financial Officers
- Finance Executives
- Risk Mitigation Officers
Dennis Miralis is a leading Australian defence lawyer who acts and advises in complex domestic and international criminal law matters in the following areas: international money laundering; white-collar and corporate crime; serious fraud; cybercrime; international asset forfeiture; international proceeds of crime law; bribery and corruption law; transnational crime law; extradition law; mutual assistance in criminal law matters; anti-terrorism law; national security law; criminal intelligence law; and encryption law.
He appears in all courts throughout Australia and regularly travels outside of Australia for complex international / transnational criminal law matters.
Dennis Miralis is a leading Australian defence lawyer who acts and advises in complex domestic and international criminal law matters …
Eric A. Bensky focuses on securities litigation and enforcement, with an emphasis on representing prime brokers, clearing firms, and other broker-dealers in court, arbitration, and regulatory investigations and disciplinary proceedings. Over the past several years, he has represented broker-dealers and their personnel in regulatory examinations, investigations, and enforcement proceedings concerning anti-money laundering obligations, particularly with respect to the monitoring, investigation, and reporting of potentially suspicious activity. Non-broker-dealer clients have included a leading national and international bank, a major mutual fund complex, public companies and their officers and directors, individuals and entities suspected of or charged with insider trading, investment advisory firms, and hedge funds.
Eric A. Bensky focuses on securities litigation and enforcement, with an emphasis on representing prime brokers, clearing firms, and other …
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Method of Presentation:
General knowledge of banking and finance laws
NY Category of CLE Credit:
Areas of Professional Practice
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About Nyman Gibson Miralis
Nyman Gibson Miralis (NGM) is an international award-winning criminal defence law firm based in Sydney, Australia. For over 50 years it has been leading the market in all aspects of general, complex and international crime, and is widely recognised for its involvement in some of Australia’s most significant criminal cases.
NGM’s international criminal law practice focuses on international money laundering, white-collar and corporate crime, transnational financial crime, bribery and corruption, cybercrime, international asset freezing or forfeiture, extradition and mutual assistance law.
Working with international partners, NGM has advised and acted in investigations involving the USA, Canada, the UK, the EU, China, Hong Kong, Singapore, Taiwan, Macao, Vietnam, Cambodia, Russia, Mexico, South Korea, British Virgin Islands, New Zealand and South Africa.
About Murphy & McGonigle
Murphy & McGonigle serves the regulatory, enforcement defense, litigation, and counseling needs of clients across the full spectrum of the financial services industry – from national and international securities markets and exchanges to national banks, broker-dealers, investment advisers, and hedge funds.
Many of the firm’s partners formerly served in senior positions at the Securities and Exchange Commission (SEC), the U.S. Department of Justice, FINRA, and the Commodity Futures Trading Commission (CFTC), and several served in senior legal positions at major Wall Street financial institutions.
Murphy & McGonigle has been named a National Tier One law firm in Securities Litigation and Securities Regulation by a leading industry survey. The Firm operates in New York, Washington, DC, Richmond, VA, San Francisco, and Chicago.