While holding and protecting assets is the most common reason to form shell companies, bad actors can use them for illicit purposes, such as money laundering, sanctions evasion, and tax evasion.
The Bank Secrecy Act is evolving, so must your compliance program!
In this webinar, we will discuss the use and abuse of shell companies, explore legitimate and illegitimate uses, typical fraud schemes, and the changing U.S. regulatory landscape.
Our expert panelists will discuss:
- Evolving your due diligence approach to mitigate the risks posed by shell companies
- Changes in the U.S. regulatory framework to combat shell company abuse
- Regulatory expectations for how financial institutions identify illicit schemes
- Global sanctions evasion via complex ownership structures and shell companies
1 ACAMS Credit
Please note that CAMS credit for this virtual event is available to members of the Chapter only.