The USA PATRIOT Act and Anti-Money Laundering
Overview:
The USA PATRIOT ACT Title III made 52 amendments to the Bank Secrecy Act alone, and reshaped whole sections of the Code of Federal Regulations. The new regulations are forcing unprecedented increases in software, operational, and independent auditing expenses. Compliance is challenging and the costs for not effecting a balanced and transparent AML/CFT system is high. Some major financial institutions have paid record fines (In excess of $50 million) for AML non-compliance. It is clear that the long-standing financial definitions have changed and expanded to include these new elements. The Global Knowledge Congress has scheduled a teleconference for Tuesday, June 20 at 11:00 a.m. (EST) to analyze this critical legislation and provide the latest updates.
Agenda:
11:00 – 11:30 Opening Remarks 11:30 – 12:30 Speakers Presentations 12:30 – 1:30 Audience Q&A SEGMENT 1: Lisa D. Arquette FDIC Macro level overview from the FDIC’s perspective SEGMENT 2: David M. Landrum, Jr. Fraudconsultants.org Investigation & Due Diligence SEGMENT 3: David B. Caruso The Dominion Advisory Group Risk Assessment SEGMENT 4: Jamie Boucher Skadden, Arps, Slate, Meagher & Flom LLP Legal Perspectives SEGMENT 5: Dr. Ken Isaacson Complilaw Outsourcing & Off shoring SEGMENT 6: Kenneth Barden Commonwealth of the Northern Mariana Islands International Impact SEGMENT 7: Connie Fenchel Global Consulting Services, Inc. formerly of FinCEN MSB Requirements Under the Patriot Act SEGMENT 8: Jeffrey Sklar SHC Consulting Group LLC MSB’s Relationship with Banks and Section 362 SEGMENT 9: All Faculty & Robyn Mitchell Compliance Builders, Inc. Q&A from the Audience
Who Should Attend:
Company Types: Commercial Banks, Investment Banks, Investment Services, Consulting Firms, Solutions Providers Job Functions: Senior Executive, Compliance Office, Legal Executive, Finance, Information Technology, Consultant
Lisa D. Arquette, currently Chief of the FDIC's Anti-Money Laundering (AML) Section, joined the FDIC in 1990. During her career, …
Connie Fenchel served as the Deputy Director, Operations and the Executive Assistant Director of Law Enforcement Policy for the Financial …
Prior to forming The Dominion Advisory Group in May, 2005, David B. Caruso was the Executive Vice President, Compliance & …
Jamie L. Boucher is a counsel in Skadden’s Financial Institutions Regulatory Group with a principal focus on financial institution mergers …
Ken Isaacson is a legal, financial, and business consultant, a BSA/AML legal and regulatory expert, and a BSA/AML Consultant on …
Former Acting Director, Bureau of Revenue, Customs and Taxation, Republic of Palau, former Chief General Counsel, Department of Law, City …
Mr. Sklar has over 20 years experience in the MSB Industry and has lectured and provided extenstive training to MSB's …
Mr. Landrum retired as a Special Agent with the IRS Criminal Investigation Division after almost 28 years with the agency. …
Robyn brings a wealth of compliance and legal experience to bear on meeting clients’ needs. She is a former compliance …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
832323
Total Credits:
2.0 CLE
Login Instructions:
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SPEAKERS' FIRMS:
FDIC
Global Consulting Services
Commonwealth of the Northern Mariana Islands.
Ronin Resources
About FDIC
Website: https://www.fdic.gov/
About Global Consulting Services
Website: https://www.amlexperts.com/
About The Dominion Advisory Group
Website: https://dominion-advisors.com/
About Skadden, Arps, Slate, Meagher & Flom LLP
Website: https://www.skadden.com/
About Complilaw
Website: https://www.complilaw.com/
About Commonwealth of the Northern Mariana Islands.
Website: https://www.gov.mp/
About SHC Consulting Group LLC
Website: https://www.shcconsulting.com/
About Ronin Resources
Website: https://www.fraudconsultants.org/