AML Regulations in 2024: Understanding and Applying the Implications
07-May-2024 :03:00 PM EDT Duration : 60 Minutes
Justin Muscolino,
Justin Muscolino brings over 20 years of wide-ranging experience in compliance, training, and regulation in the financial services sector. Most recently, he served as Head of Compliance Training at Bank of China where he led the compliance training function and created and monitored the annual tra Read more
If you thought the world of AML regulations was easy in 2023, wait for what's coming in 2024. As Compliance Officers, we need to be prepared and be able to communicate with those who will be impacted by the upcoming changes. There are several changes coming our way in 2024.
These changes will keep us busy and require us to make the applicable updates to our internal documents, systems, policies & procedures, and reference materials. And dont forget about any special projects that may occur as well throughout the year.
It’s important to understand these changes, but we must also understand the implications for our financial institutions, particularly to individual staff members. During this training, we will discuss the current AML environment, the new guidance & regulations and align them to the impacted staff. We will also look ahead at other potential changes down the road that we may have to plan for.
Course Objectives:
• To discuss the significant AML regulatory changes set to take place in 2024 and their implications for financial institutions and compliance professionals.
• To gain insights into the current AML environment, focusing on key issues and challenges that are driving regulatory changes.
• To explain the impact of the FinCEN final rule on beneficial ownership information (BOI) provisions on compliance processes and procedures.
• To inspect the Responsible Financial Innovation Act and the Responsible Development of Digital Assets, and how these developments influence AML compliance in the financial sector.
• To analyze the compliance strategies related to technology in the context of US AML regulations and how to align these with evolving compliance practices.
Course Outline:
• Overview: Current AML environment
• Recent FinCEN notices & reports
• Sanctions report
• Current regulatory status on Digital Assets
• Complying with Technology & Using Artificial Intelligence (AI)
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
The following professionals from the financial services industry will benefit from this training:
• Compliance
• Legal
• Risk Management
• Operations
• Technology
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
100% MONEY BACK GUARANTEED
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