The Anti-Money Laundering Act of 2020 (AMLA) may usher in the most profound changes to the BSA/AML regime since the USA PATRIOT Act of 2001. By broadening the purpose of the BSA, the Act aims to modernize AML/CTF laws and pivot the country from a U.S.-focused regulation and compliance regime to a global, public-private partnership focused on fighting all financial crimes. In this engaging session, Jim Richards, former Director of Financial Crimes Risk Management at Wells Fargo, and Corey Lynch, Verafin Product Expert, will explore the AMLA and the potential implications for financial institutions and anti-financial crime programs in the future.
Exploring suspicious activity reports (SARs) and the reporting regime
Evaluating the role of innovation and technology in accelerating the modernization of AML
Discussing how collaborative, public-private partnerships and information sharing can move the anti-financial crime industry forward
FinTech and Innovation Specialists, BSA/AML Officers, Risk Managers, Law Enforcement
Private banking, FinTech, Global