Slides

AML Act & National Priorities

People, Process and Technology Considerations for Institutions

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Financial crime management programs are facing significant change in 2022; institutions must prepare for new guidance and compliance changes from the Anti-Money Laundering (AML) Act of 2020 and align with the subsequent Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) National Priorities.

Download the full slide deck from this insightful event featuring industry experts Jim Richards, former Director of Financial Crimes Risk Management at Wells Fargo, and Corey Lynch, Product Evangelist at Verafin. This valuable resource provides information on innovative approaches to financial crime management, with considerations for people, process, and technology improvements for efficiency and effectiveness.

Highlights include:

  • The industry-wide challenge of keeping pace with financial crime, aligning programs with National Priorities, and preparing for impending guidance related to the AML Act of 2020
  • Inefficiencies and limitations of conventional AML approaches within each institution, as well as the industry-wide impact of these challenges
  • How a consortium-based approach improves effectiveness and efficiency for BSA/AML programs and provides more actionable intelligence to law enforcement

Tagged as...

  •   314(b) Information Sharing
  •   BSA/AML Compliance
  •   Human Trafficking
  •   Money Laundering
  •   Money Mules
  •   Sanctions
  •   Terrorist Financing