AML/CTF: Trends, Developments and Enforcement Actions to Guide Companies in 2021
Significant advancements continue to reshape anti-money laundering and counter-terrorism financing (AML/CTF) efforts in 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 an 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 impact the financial compliance landscape in 2021. With risks further intensified by the COVID-19 pandemic, financial institutions need a proper roadmap to ensure compliance and 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
- Determine the impact of COVID-19 and digital transformation on financial crime compliance as well as reducing e-Commerce sanctions risks
- Identify various trends and updates from the recent global tax investigations, AML in Australia, and Fintel Alliance 2020 Annual Report
- Identify the various considerations in monitoring and reporting broker-dealers’ suspicious activities
Tracy Manning, Director, Financial Crime Compliance
LexisNexis® Risk Solutions
- COVID-19 impacts on the True Cost of Financial Crime Compliance
- The impacts of accelerated Digital Transformation on financial crime compliance
- Reducing sanctions risk in e-Commerce with digital identity
Dennis Miralis, Partner
Nyman Gibson Miralis
- Recent global tax investigations involving regulators and law enforcement in tax havens and the AML implications
- AML updates in Australia including the recent settlement against the CBA
- Fintel Alliance updates from annual 2020 report
Eric Bensky, Shareholder
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:
- Chief AML Officer
- Financial Crime Investigators
- Fraud Risk Managers
- Fraud Investigators
- AML Compliance Officers
- Finance Compliance Professionals
- Financial Compliance Officers
- Chief Financial Officers
- Chief Executive Officers
- AML Analysts
- Forensic Accounting Officers
- Chief Compliance Officers
- Internal Auditors
Tracy Manning is a digital identity and financial crime expert with over 25 years of experience driving data strategy, innovation and growth efforts within companies like AT&T, Cox, Twitter, Cincinnati Bell, GroundTruth and K2View. She now leads strategy development and product innovation planning for the North American Financial Crimes Compliance market at LexisNexis® Risk Solutions.
Tracy Manning is a digital identity and financial crime expert with over 25 years of experience driving data strategy, innovation …
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:
On-demand Webcast (CLE); Group-Internet Based
General knowledge of banking and finance laws
NY Category of CLE Credit:
Areas of Professional Practice
NASBA Field of Study:
Business Law – Technical
1.0 CPE (Not eligible for QAS (On-demand) CPE credits)
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About LexisNexis® Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit www.risk.lexisnexis.com and www.relx.com.
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 long been recognized as a National Tier One law firm in Securities Litigation and Securities Regulation by a leading industry survey, and it has now been named by U.S. News as the 2021 Law Firm of the Year for Securities Regulation, becoming the first boutique firm ever to receive U.S. News' “Law Firm of the Year” recognition. The Firm operates in New York, Washington, DC, Richmond, VA, San Francisco, and Chicago.