Effective Anti-Money Laundering (AML) Compliance Programs: Mitigating Your Firm’s Violation Risks in 2017
In 2016, Anti-Money Laundering (AML) witnessed a continued rise in regulatory pressures which is expected to continue in 2017. In an era of big data, fraud activities and terrorism financing are looking into unconventional ways to outpace even the most adaptive risk-based AML approach.
In this LIVE Webcast, a panel of professionals and thought leaders organized by The Knowledge Group will offer substantive discussion on how to set up and execute a modern, updated, and effective AML programs to ensure compliance and meet the increasing regulatory demands. Speakers will also provide audience with a holistic overview of various issues, definitions, and processes involving money laundering and will offer a roadmap on how to improve their current AML programs to combat against improved and sophisticated modern financial criminals.
Some of the major topics that will be covered in this course are:
- AML Guidelines
- Basic Concept and Processes of Money Laundering and its various
- Latest Trends on Regulatory Enforcement Actions
- Checklist for Money Laundering Risk Assessment
- Key Steps for Developing/Improving Your AML Program
- Practical Tips to Monitor and Audit Your AML Compliance Program
- Other Regulatory Updates and more!
INTRODUCTORY SPEAKER & SEGMENT 1:
Ian M. Comisky, Partner
Fox Rothschild LLP
- Brave new world of account opening procedures
- Profiling requirement for opening new accounts
- Enhanced entity AML requirements
- Interaction between US and other reporting regimes
Brian Buechel, Financial Crimes Practice
- The importance of a global AML program
- Unifying program components
- Cross-border exposure of legal entities
- Addressing single view of customer
- Moving from Know Your Customer to Know Your Crimes (The convergence of financial crime risk)
Who Should Attend:
- AML Compliance Officers
- Banking and Financial institutions
- Financial Reporting Officers
- Money Laundering Reporting Officers
- Finance Executives
- Anti–Money Laundering Lawyers and Specialists
- Security Operations
- BSA Professionals
- Fraud Monitoring
- Other Related/Interested Professionals
A partner in Fox Rothschild’s Philadelphia Office, Ian heads the firm’s international compliance team and has more than 35 years of experience representing corporations and individuals in tax controversy work, including IRS administrative and grand jury investigations; corporate compliance matters relating to the Bank Secrecy Act and USA Patriot Act; issues involving FATCA for financial institutions; commercial litigation focusing on directors’ and officers’ defense, accounting and legal malpractice cases; and corporate internal investigations for financial institutions and other entities, including allegations under the Foreign Corrupt Practices Act. Ian is the co-author of Tax Fraud and Evasion, which contains chapters dealing with money laundering and FATCA compliance issues. He is frequently called upon to comment on tax issues and has appeared on CNBC's Money Talk and CNN. Ian is also an adjunct professor at the University of Pennsylvania Law School where he teaches a seminar course on money laundering. He is heavily involved in the community and maintains many professional memberships, including serving as special projects chair of the American Bar Association Tax Section, and chair of the Investment Committee of the Florida Bar.
A partner in Fox Rothschild’s Philadelphia Office, Ian heads the firm’s international compliance team and has more than 35 years …
Brian Buechel is a global professional who provides crisis project management support for regulatory concerns across financial crime. He assists with navigating the challenges and risks associated with business expansion and global standardization or preparing institutions in responding to regulatory inquiry internationally. Specializing in assessing and building end-to-end AML and Sanctions programs for complex financial institutions, from strategic planning through implementation across jurisdictions, he helps bridge the gaps to meet the targets and strategic goals of the clients he serves. He also provides litigation support for counter threat finance, economic trade sanctions, OFAC compliance and develops frameworks, action plans and new approaches to meet regulatory requirements and expectations.
Brian Buechel is a global professional who provides crisis project management support for regulatory concerns across financial crime. He assists …
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Method of Presentation:
Experience in banking or finance
NASBA Field of Study:
Management Services - Technical
NY Category of CLE Credit:
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About Fox Rothschild LLP
Fox Rothschild is a national law firm ranked in the Am Law 100 that delivers strategic and practical solutions for clients ranging from family-run businesses to multinational corporations. Home to nearly 750 attorneys in 22 offices coast to coast, Fox offers a team of accomplished professionals who have honed their legal skills in government and industry, who appreciate the fluctuating nature of today’s competitive business environment and who excel at crafting the legal solutions that match clients’ goals. Fox offers a comprehensive range of legal services in more than 50 practice areas organized into nine departments, including Litigation, Corporate, Employee Benefits and Executive Compensation, Entertainment Law, Financial Restructuring and Bankruptcy, Intellectual Property, Labor and Employment, Real Estate and Taxation and Wealth Planning.
PwC's Financial Crimes Unit (FCU) delivers strategic and operational expertise to C-suites and boards grappling with increasingly complex financial threats. Structured to reflect the multi-disciplinary financial crime task forces established by major financial institutions and government agencies, the FCU is comprised of more than 300 professionals in cybersecurity, anti-money laundering, sanctions, fraud, and anti-bribery/corruption.
This combination of disciplines brings to bear the full breadth of PwC’s technology, regulatory, and investigative experience from its financial services and forensics advisory groups. The FCU advises the largest global and US institutions across the banking, capital markets, asset management, and insurance industries.