Fifty years after the creation of the Bank Secrecy Act, amid the current dynamics of today’s financial crime landscape, AML professionals must address the complex challenges facing financial institutions, and institutions, regulators, and law enforcement must work together to shape a new future for AML.
Join Brendan Brothers, Verafin Co-founder and Product Expert, and Jim Richards, former director of financial crimes risk management at Wells Fargo, as they discuss how the regulatory framework evolved into the current regime. Explore how technology – developed, deployed, and run by financial crime management professionals – can enable a new AML approach for financial institutions to get a step ahead of money laundering, terrorist financing, human trafficking and other illicit financial activity.
Understanding the purpose of the BSA and its regulatory framework through examination of key milestones and their impact on the financial industry
Exploring recent industry and regulatory developments, including FinCEN’s Advance Notice of Proposed Rulemaking and other proposals for modernizing the AML regime
Examining the role of people, processes and technology in modernizing AML, and exploring how technology can facilitate more effective and efficient financial crime investigations