2021 AML Updates: Insider Update For Financial Institutions

with
Michael Schidlow
On-Demand
$149.00
Training Includes:
  • Certificate of Attendance
  • All resources and training materials
  • An on-demand recording will be available after the live presentation.

Financial compliance expert Michael Schidlow will provide a comprehensive review of the essential recent AML changes. You will learn how to apply them to your institution.

What You'll Learn

  • What changes did recent AML legislation impose?
  • How have revised regulations addressed BSA/AML compliance?
  • What are examiners looking for?
  • What will happen if you fail to comply with current laws?

Training Overview

AML changed dramatically in 2021. Learn how and modify your practices to comply.

The Anti-Money Laundering (AML) Act continues to evolve. In its 50 years of history, rarely have the updates been as significant as the changes authorized by the National Defense Authorization Act for Fiscal Year 2021. For example, this update revised language in the BSA to cover cryptocurrency (“value that substitutes for currency”), just one of many significant modifications.

You need to understand the recent AML changes to know how they apply to your institution and ensure compliance. The legislation and regulations cover financial institutions of all sizes. Failing to follow them immediately will invoke the ire of regulators who are increasingly examining banks and credit unions in search of missteps.

  • What changes did recent AML legislation impose?
  • How have revised regulations addressed BSA/AML compliance?
  • What are examiners looking for?
  • What will happen if you fail to comply with current laws?

Who Should Attend?

  • Compliance analysts

  • AML specialists

  • BSA officers

  • BSA team members

  • Compliance officers

  • Operations officers

  • Auditors

  • Consultants

  • Lawyers

  • C-suite officers

Expert Presenter

Michael Schidlow

  • Financial crime compliance advisory and training consultant
  • Over fourteen years of experience in the legal, compliance, and audit fields
  • Previously has held leadership roles with Bank of America and HSBC
  • Certified Fraud Examiner (CFE)
  • Certified AML Audit Specialist (CAMS-Audit)
  • Licensed attorney
  • Professor of criminal justice and ethics

For Teams

Have a team that needs training? Our enterprise customers receive custom branding, reporting and analytics tools, and of course, preferred pricing.