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Anti-Money Laundering Rules for Investment Advisors 2012 - Be Prepared! (Audio-only)

Recorded on: Feb. 22, 2012
Running Time: 01:05:31

Full Transcript:


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Taken from the briefing Anti-Money Laundering Rules for Investment Advisors - Be Prepared! recorded February, 2012.

James Freis, Director of the Financial Crimes Enforcement Network announced in November that his agency is working on the long awaited anti-money laundering rules to investment advisors.  Don’t be caught unprepared.  Listen to expert faculty for a discussion of the likely scope of the regulations and how advisors can start now to be ready.

Lecture Topics  [Total Time: 01:05:31]

  • The likely reliance of the Rules on the “4 pillars” of AML compliance under the Bank Secrecy Act: 
    - An AML Compliance Officer
    - A risk based AML compliance Program, policies, procedures and internal controls
    - Training of Employees
    - Independent Testing
  • How would the rules be applied to Advisors?
    - CIP/KYC/CDD
    - Suspicious Activity Reporting
    - Red flags of suspicious activity in an advisory transactions
  • Relationships with other financial institutions - how will the institutions involved in the client relationship work together to meet AML obligations?

Presentation Material

  • Anti-Money Laundering Rules for Investment Advisors -- Be Prepared!
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