Much of this will be in the big picture of your BSA/AML program, including regulating risk assessments and many other issues. Many of you have been waiting for the AML Act of 2020 to be codified and here it comes.
This adds the national priorities, puts risk assessments into regulation, and adds two pillars to our program rules.
What You’ll Learn
- Statement on the Purpose of an AML/CFT Program Requirement
- Inserting the Term “CFT” Into the Program Rules
- Defining “AML/CFT Priorities”
- “Effective, Risk-Based, and Reasonably Designed” AML/CFT Program Requirements
- Risk Assessment Process
- Identifying and Evaluating ML/TF and Other Illicit Finance Activity Risks
- Review of Reports Filed Pursuant to 31 CFR Chapter X
- Other Components of an Effective, Risk-Based, and Reasonably Designed AML/CFT Program
- Establishing, Maintaining, and Enforcing an AML/CFT Program by Persons in the United States
Who Should Attend
BSA officers, BSA staff, compliance staff, management, risk departments, and training will all benefit from this session.
