Originally Presented: November 13, 2020
Fifty years after the creation of the Bank Secrecy Act, amid the current dynamics of today’s financial crime landscape, AML professionals must address the complex challenges facing financial institutions, and institutions, regulators and law enforcement must work together to shape a new future for AML.
In this webinar, Jim Richards, former Director of Financial Crimes Risk Management at Wells Fargo, and Corey Lynch, Verafin Product Expert, discuss how the regulatory framework evolved into the current regime. Explore how technology – developed, deployed, and run by financial crime management professionals – can enable a new AML approach for financial institutions to get a step ahead of money laundering, terrorist financing, human trafficking and other illicit financial activity.
Highlights from this engaging webinar include:
- Understanding the purpose of the BSA and its regulatory framework through examination of key milestones and their impact on the financial industry
- Exploring recent industry developments and publications
- Examining the role of people, processes and technology in modernizing AML, and exploring how technology can facilitate more effective and efficient financial crime investigations