Assessing why AML and Sanctions Fines are So Big

  • When: Previously recorded on: February 11, 2015
  • Time: 12:00 PM – 2:00 PM ET
  • Level: Intermediate to advanced

It isn’t your imagination, the fines related to sanctions and other violations are setting records. How are fine amounts set, and why are they growing? Can institutions headed for penalties take actions that might reduce the amount? Join us as we dissect some recent major fines, providing helpful advice that every financial institution needs to know for dealing with infractions.

Learning Objectives

  • Understanding how fine amounts are determined
  • Avoiding common errors that can increase penalties
  • Negotiating with enforcement authorities

Who Should Attend

  • Bank Executives
  • In-house and Outside Counsel Auditors
  • Compliance Officers


  • Banking
  • Regulatory/Law Enforcement
  • Auditing/Legal


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Jack Dever
  • Jack Dever

  • Manager – AML Due Diligence
  • GE Capital Americas

Michael Volkov
  • Michael Volkov

  • Owner, Volkov Law Group
  • Former federal prosecutor, US Attorney’s Office

Michael Wassell
  • Michael Wassell

  • Head of Transaction Surveillance & Investigations
  • Goldman Sachs