1-Hour Program

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Overview

Anti-money laundering and sanctions issues are topics of perennial interest, but the fundamentals of compliance are often obscured by large dollar amounts in headlines. However, these fundamentals are the foundation on which thousands of professionals protect our financial system. In this one-hour briefing, Matthew Bisanz, a regulatory partner in Mayer Brown LLP's Washington DC office, and Benjamin W. Hutten, a financial crimes counsel in Buckley LLP’s New York office, will survey the comprehensive compliance obligations of banks with respect to combatting money laundering and terrorist financing. They also will address economic sanctions compliance and the implications of its strict liability regime.

Key areas to be discussed include:

  • Entities covered by compliance obligations (5 minutes)
  • Pillars of an effective compliance program (8 minutes)
  • Customer and beneficial owner identification and verification (5 minutes)
  • Enhanced due diligence (3 minutes)
  • Suspicious activity monitoring and reporting (8 minutes)
  • Information requests and sharing (5 minutes)
  • Currency, monetary instruments, and trade-based reporting (3 minutes)
  • Geographic targeting orders (3 minutes)
  • OFAC compliance program (5 minutes)
  • Sanctions screening (5 minutes)
  • Blocking, rejecting, and reporting issues (5 minutes)
  • State compliance obligations (5 minutes)

Who Should Attend:  In-house counsel, outside attorneys, compliance, finance and other allied professionals interested in financial crime compliance

Program Level:  Overview

Prerequisites: None

Advanced Preparation: None

Credit Details