The AML Act of 2020 and FinCEN: Everything You Need to Know but Dare Not Ask
The AML Act of 2020 and FinCEN: Everything You Need to Know but Dare Not Ask
Wednesday, March 20, 2024 – 1:30 – 2:30 p.m. EDT
Webinar Log-in details to follow
Register for this webinar: https://www.aiba-us.org
AGENDA
The AML Act of 2020 and FinCEN: Everything You Need to Know but Dare Not Ask
The AML Act of 2020 (“the Act”) represents a significant step forward in the fight against money laundering and terrorist financing in the United States, introducing measures to enhance corporate transparency and requiring companies to disclose their beneficial owners to FinCEN, a primary regulatory agency of the U.S. Treasury.
FinCEN is responsible for implementing and enforcing AML regulations and plays a crucial role in overseeing compliance with the Act, provides guidance to financial institutions, collects and analyzes financial transaction data, and administers enforcement actions against those who violate AML laws.
Join us on Wednesday, March 20, 2024 for this innovative webinar with Jim Richards, founder and principal of Reg Tech Consulting, LLC, as he explores the interconnectedness between the two, and brings to the fore some of the complex questions on the minds of internal audit and compliance professionals.
1:30 – 1:35 p.m.
Welcome: Michele M. Fleming, Chair, AIBACP
1:35 – 2:25 p.m.
Webinar / Q&A: Jim Richards, founder and principal of Reg Tech Consulting, LLC
2:25 – 2:30 p.m. Closing Remarks: M. Fleming
Jim Richards, founder and principal of Reg Tech Consulting, LLC
Jim Richards is the principal and founder of RegTech Consulting LLC, focused on providing strategic advice on all aspects of financial crimes risk management.
From 2005 through April 2018 Mr. Richards served as the Director of Global Financial Crimes Risk Management for Wells Fargo & Co., responsible for anti-money laundering (AML), counter-terrorist financing (CTF), external fraud, internal fraud and misconduct, the identity theft prevention program, global sanctions, financial crimes analytics, high-risk customer due diligence, and sanctions.
Prior to his role with Wells Fargo, Mr. Richards was the AML operations executive at Bank of America. He is a three-time member of the Treasury Department’s Bank Secrecy Act Advisory Group, and a founding member of the advisory board of the Association of Certified Anti-Money Laundering Specialists. Prior to his 20-year career in banking, Mr. Richards was a prosecutor in Massachusetts, a barrister in Ontario, Canada, and a Special Constable with the Royal Canadian Mounted Police. He is the author of “Transnational Criminal Organizations, Cybercrime, and Money Laundering.” Mr. Richards has a Bachelor of Commerce (B.Comm.) degree and Juris Doctorate from the University of British Columbia.
CPE Credit: 1 CPE Credit will be awarded to members attending the live webinar.
Registration Required
Questions? Email Rose Napoli at rosenapoli23@gmail.com