FinCEN’s Anti-Money Laundering Developments: A 2015 Update
In August 2014, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury published a proposed Anti-money Laundering (AML) rule that would require financial institutions, subject to Customer Identification Procedures (CIP), to identify beneficial owners of legal entity customers and subject them to customer due diligence. This includes banks, securities brokers and dealers, mutual funds, futures commission merchants, and others. This CLE course offers participants an overview of the latest trends and best practices with respect to FinCEN’s new rule on Anti-Money Laundering and other developments in BSA/AML enforcement. A panel of thought leaders and practitioners assembled by The Knowledge Group will help firms better understand how to advise clients about application of the new rules in their businesses.
The Knowledge Group has assembled a panel of key thought leaders to provide the audience with an in-depth over-view, analysis, and discussion of FinCEN’s new rule on Anti-Money Laundering and developments in BSA/AML enforcement.
Key issues include that will be covered in this course are:
- Anti-money Laundering
- Proposed Rules for Financial Transparency
- FinCEN Advisories on AML Compliance
- Trade-based Money Laundering
- Identifying Customers
- Identifying Beneficial Owners
- Reporting Initiative on Cross-Border Cash Couriers
- Recent Enforcement Actions
- Compliance and Litigation Risks
Robert J. Graves, Partner
- Introductory section
Matthew Schwartz, Partner
Boies, Schiller & Flexner LLP
Robert J. Graves, Partner
- Cultural compliance, how it weaves through the framework of anti-money laundering
- Recent developments with OFAC
- Recent entities on OFAC watch list
- Insights into recent enforcement action
- Culture of compliance advisory
- How these issues are important to regulators
- Focus on individual responsibility in enforcement actions
- Various enforcement action cases
Who Should Attend:
- AML Compliance Officers
- Senior Management and Board Members
- Risk and Compliance Officers
- Fraud Monitoring
- AML Professionals
- AML Lawyers
- Chief Financial Officers
- Financial Institutions
- Other Related/Interested Professionals and Organizations
Bob Graves represents lenders and borrowers in a wide variety of commercial financial transactions and has structured, negotiated, and documented scores of senior debt financing arrangements of all types, including secured and unsecured single bank and syndicated credit agreements, multicurrency financing facilities, and acquisition financings. A significant portion of his practice focuses on workouts and restructurings of troubled credits, with particular emphasis on debtor-in-possession and exit financings. He co-chairs Jones Day's Banking & Finance Practice.
Most recently, Bob has been engaged in representing various market participants with respect to a variety of issues that arose from the 2008 financial crisis and the resulting and ongoing financial regulatory reform. He regularly advises clients on a broad spectrum of financing and financial regulatory issues and Uniform Commercial Code matters.
Bob Graves represents lenders and borrowers in a wide variety of commercial financial transactions and has structured, negotiated, and documented …
Matthew L. Schwartz is a Partner in the New York City office of Boies, Schiller & Flexner LLP, where he focuses on government and internal investigations, white collar defense, regulatory compliance, and complex civil litigation. An experienced courtroom lawyer who has first-chaired numerous jury and non-jury trials and argued more than a dozen federal appeals, he joined the firm in January 2015 after more than nine years as an Assistant U.S. Attorney in Manhattan.
As a member of that office’s Securities and Commodities Fraud Task Force, Mr. Schwartz led a number of high-profile matters, including the deferred prosecution agreement with JPMorgan on BSA/AML charges; the “London Whale” investigation; and all aspects of the Government’s investigation of Bernard L. Madoff Investment Securities. He is a three-time recipient of the John Marshall Award, the Department of Justice’s highest honor for lawyers.
Matthew L. Schwartz is a Partner in the New York City office of Boies, Schiller & Flexner LLP, where he …
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Method of Presentation:
NASBA Field of Study:
Specialized Knowledge and Applications
NY Category of CLE Credit:
Areas of Professional Practice
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About Jones Day
Jones Day is a global law firm with more than 2,400 lawyers in 41 offices worldwide and ranks among the world’s largest and most geographically diverse law firms. The Firm acts as principal outside counsel to, or provides significant legal representation for, more than half of the Fortune 500 companies as well as major banks and other financial institutions throughout the United States and around the world.
Our Banking & Finance Practice numbers more than 200 lawyers located in many of the world’s most important financial and business centers. We understand the importance of knowing market terms, and our wide breadth of transaction experience and significant market presence equips us to efficiently assist clients with these issues. Our Banking & Finance Practice and individual finance lawyers are continuously recognized locally and nationally by Chambers Global, Chambers USA, and The Legal 500.
About Boies, Schiller & Flexner LLP
Boies, Schiller & Flexner (www.bsfllp.com) is one of the premier law firms in the United States, regularly serving as lead counsel in the biggest, highest-profile disputes and representing some of the world’s largest and most sophisticated organizations when the results matter most.