Webcast URL: https://knowledgewebcasts.com/know-portfolio/bank-secrecy-act-title-31-regulations-cle/

Regulatory supervision of reporting companies is expected to intensify with the Anti-Money Laundering Act of 2020 (AMLA) amendment of Title 31 of the Bank Secrecy Act (BSA). Title 31 revisions include new BSA violations and penalties regarding incomplete or false reports and transactions that involve entities labeled as “primary money laundering concerns.” Reporting requirements concerning beneficial ownership and expansion of the U.S. law’s authority to subpoena foreign banks have also been added.

This notable regulatory development underscores the need for companies to have thorough record-keeping and reporting practices. They must also revisit their compliance programs to mitigate lapses and thwart potential criminal activities.

In this LIVE webcast, financial regulatory compliance experts Maureen Kiedaisch (FTI Consulting, Inc.) and Ari Good, JD LLM (Good Attorneys At Law, P.A.) will provide a comprehensive discussion of the recent developments surrounding BSA Title 31 regulations. Speakers will also present critical issues and best practices to ensure compliance in today’s increasingly complex regulatory landscape.

For any more information please click on the webcast URL at the top of this description.