Description

This course provides an overview of Broker Dealer AML regulatory and compliance requirements and evolving issues facing the financial and regulatory communities related to money laundering including the potential impact of AMLA 2020, the Corporate Transparency Act, the Treasury’s 2022 National Illicit Finance Strategy and Russia’s invasion of Ukraine and emerging issues in digital assets and money laundering.

Course Objectives

By the end of the course, participants will be able to:

• Define money laundering and terrorist financing and the sources of illicit finance including human and wildlife trafficking
• Discuss the Self-Regulatory (“SRO”) AML regulatory pyramid including the Patriot Act and Bank Secrecy Act (“BSA”)
• Identify the pillars of the BSA and Patriot Act including:
  • Customer Identification Program (CIP)
  • Customer Due Diligence
  • Enhanced Due Diligence
  • Suspicious activity and transaction reporting
  • Compliance and the emergence of ESG integration
    • Three Lines of Defense
    • Green Lines of Defense
      • Emerging trends in ESG/AML screening
    • Identify current compliance and technology trends and challenges to improve AML compliance programs including:
    • Potential Impact of AMLA 2020 and Corporate Transparency Act
    • Treasury’s 2022 National Illicit Finance Strategy
      • Sanction, Money Laundering, and Digital Assets

Prerequisites: None

Program Level: Foundational

Target Audience: Anyone who wants to learn about AML compliance, such as staff from compliance, legal, operations, IT, middle office, or HR, and regulators who work closely with various aspects of the securities markets.

Advance Preparation: None

Computers and Financial Calculators: N/A

Recommended CPE Credits: 2.4

Duration: 2 Hours

Time: 9:00-11:00 a.m. ET

Price: $279/learner