Anti-Money Laundering Due Diligence and Compliance in the 2020 Landscape: Going Beyond the Horizon
Over the past years, anti-money laundering due diligence and compliance has continuously intensified and remained to be among the ever-evolving challenges for businesses. Furthermore, the rapid developments brought by financial technologies have opened cyber and insider threat vulnerabilities, adding up to the risks that regulators and financial institutions need to address.
With this, it is anticipated that heightened scrutiny will continue to be the focus in the coming days. It is, therefore, of utmost importance that financial institutions are attentive to regulatory updates as well as effective AML programs that will best protect their companies.
In this LIVE Webcast, seasoned anti-money laundering lawyers Ian M. Comisky (Fox Rothschild LLP) and Dennis Miralis (Nyman Gibson Miralis) will help financial institutions and their counsel understand the important aspects of this significant topic. They will provide an in-depth discussion of the recent developments and noteworthy issues surrounding AML due diligence and compliance in the 2020 landscape. Speakers will also offer best practices in developing and implementing an effective program to address emerging challenges.
Some of the major topics that will be covered in this course are:
- Anti-Money Laundering (AML) – Recent Compliance Trends and Developments
- Regulatory and Legislative Updates
- Notable Enforcement Actions
- Risks and Pitfalls
- Best Compliance Practices
- What Lies Ahead for 2020
Ian M. Comisky, Partner
Fox Rothschild LLP
- Personal liability for AML violations.
- Review of enforcement by regulatory agencies, OCC and FinCEN.
- Review of emerging trends in personal liability.
Dennis Miralis, Partner
Nyman Gibson Miralis
- AML trends and developments in the APAC region
- Recent money laundering typologies published by the APG covering the APAC region
- Examples of recent high-profile enforcement and regulatory action for breaches of AML in the financial sectors
- Use of asset freezing/ confiscation powers to combat illicit funds being laundered in the real estate sector
- AML compliance and KYC information requirements for digital currency exchanges
- Delays in implementation of AML coverage of gatekeepers including lawyers, accountants and real estate agencies and the vulnerabilities that exist in those sectors in APAC region
Who Should Attend:
- AML Compliance Officers
- Money Laundering Reporting Officers
- Risk Management Specialists
- Operational Risk Managers
- Financial Officers
- Technology Officers
- Internal Auditors
- In-House and Outside Counsel
- Certified Public Accountants
- Senior-Level Executives
Mr. Comisky is the Chair of International Compliance with the law firm of Fox Rothschild LLP. Mr. Comisky concentrates his practice in the areas of anti-money laundering compliance and complex corporate and commercial litigation. Mr. Comisky is a graduate of the Wharton School of Business and the University of Pennsylvania Law School. Mr. Comisky is the co-author of Tax Fraud and Evasion which contains chapters dealing with money laundering, financial institution compliance, asset forfeiture and related issues. Mr. Comisky has represented individuals and entities in connection with domestic and foreign bank account reporting and regulatory issues and has represented foreign financial institutions in connection with Foreign Account Tax Compliance Act (“FATCA”) and Common Reporting Standard (“CRS”) compliance. Mr. Comisky has also been retained on Bank Secrecy Act (“BSA”) compliance matters, including entity and individual penalty issues, and has been retained in money laundering and asset forfeiture cases. Mr. Comisky also handles other commercial litigation including RICO class action, securities and other complex commercial disputes primarily in federal courts in Philadelphia and Florida. Mr. Comisky is an adjunct professor at the University of Pennsylvania Law School teaching a course in money laundering.
Mr. Comisky is the Chair of International Compliance with the law firm of Fox Rothschild LLP. Mr. Comisky concentrates his …
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 …
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Method of Presentation:
Experience in banking or finance laws
NY Category of CLE Credit:
Areas of Professional Practice
NASBA Field of Study:
Finance - Technical
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About Fox Rothschild LLP
Fox Rothschild LLP is a national law firm known for excellent client service and agility in problem solving. Our lawyers provide a full range of services to public and private companies, from startups to multinational corporations, and prominent individuals, including celebrities, athletes, artists and entrepreneurs. Founded more than a century ago, Fox has grown significantly in recent years and is now ranked in the AmLaw 100, with 750 attorneys in 22 offices coast to coast.
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.