Webinar

April 20 at 02:00 PM - 03:00 PM EST

AMLA: Potential Impact and Practical Implications for Anti-Financial Crime

The AML Act – Question & Answer Session with Industry Experts

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The Anti-Money Laundering Act of 2020 (AMLA) may usher in the most profound changes to the BSA/AML regime since the USA PATRIOT Act of 2001. By broadening the purpose of the BSA, the Act aims to modernize AML/CFT laws and pivot the country from a U.S.-focused regulation and compliance regime to a global, public-private partnership focused on fighting all financial crimes.

In this engaging and interactive session, Jim Richards, former Director of Financial Crimes Risk Management at Wells Fargo, and Brendan Brothers, Anti-Financial Crimes Expert and co-founder of Verafin, will provide their insights into the potential implications for financial institutions and answer your questions about how the AMLA could impact anti-financial crime programs in the future.

In this webinar, industry experts will cover insightful topics, such as:

  • How will agencies, law enforcement, and financial institutions align under the new purposes of the Banking Secrecy Act?
  • What should we expect from the Corporate Transparency Act and Beneficial Ownership information reporting?
  • When can we expect implementing regulations?
  • What are the implications for Suspicious Activity Reports and the reporting regime?
  • Why are innovation and technology critical to accelerate the modernization of AML?
  • What is needed to move the industry forward towards collaborative, public-private partnerships and information sharing?

Have a Question for the Experts?
You can submit your questions in advance, and they will be anonymized for the session. Live Q&A will also be available during the webinar. Questions will be addressed as time permits.

Jim Richards 
Founder and Principal, RegTech Consulting LLC;
Former Executive Vice-president and Director of Financial Crimes Risk Management, Wells Fargo 

Jim Richards is the Principal and Founder of RegTech Consulting, a private consultancy aimed at developing the next generation of BSA/AML and financial crimes professionals, technologies, and programs.

Prior to founding RegTech Consulting, Jim worked for almost 13 years at Wells Fargo & Co. as the BSA Officer and Global Head of Financial Crimes Risk Management. He was a founding member of the Association of Certified Anti-Money Laundering Specialists (ACAMS) Advisory Board, a three-time member of the Treasury Department’s BSA Advisory Group (BSAAG), and the author of Transnational Criminal Organizations, Cybercrime, and Money Laundering. Jim is currently working with Verafin in a role as Senior Strategic Advisor.

Brendan Brothers 
Verafin Co-Founder
Product Specialist 

Brendan, a Software Engineer, has been a part of Verafin since its inception in 2003, and has used his expertise in various aspects of the company. With a specialized knowledge of robotics, behavior-based analytics, and probabilistic networks, he is a technical expert who knows the product inside and out. He is also a seasoned public speaker, salesperson, and marketer who is constantly immersed in the customer side of Verafin from support and training to sales and marketing.

Tagged as...

  •   BSA/AML Compliance