Anti Money Laundering (AML) Regulation Changes 2024
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Speaker : LAURA THESSIN
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When : Friday, December 06, 2024
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Time : 12 : 00 PM EST
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Laura Thessin, CPA, MBA
Established finance and accounting professional with over 13 years of progressive experience. She transitioned from my role as a Commercial Loan Officer with an established community bank to an executive with The Engineering Groupe, Inc. She manages the day-to-day financial operations of the organization and coordinates all financial strategic planning.
In addition, She also teaches a senior-level auditing course at the University of Mary Washington. She also creates content and speaks for continuing education providers.
This presentation will provide an in-depth look at the critical changes in anti-money laundering (AML) regulations for 2024. With global regulatory bodies tightening requirements, financial institutions must adapt to new rules around beneficial ownership transparency, enhanced due diligence, and the use of advanced technology in AML compliance. We will explore updates to major regulatory frameworks, including U.S. FinCEN regulations, the European Union's 6th AML Directive (6 AMLD), and post-Brexit UK AML/CTF rules. Attendees will gain valuable insights into emerging money laundering threats, evolving Know Your Customer (KYC) requirements, and enforcement trends. Additionally, we will examine how technological advancements like AI and blockchain are transforming AML practices. By the end of the presentation, you will understand how to navigate these regulatory changes and ensure your organization remains compliant and prepared for the challenges ahead.
Areas Covered
- Introduction
- Global AML Regulatory Overview
- Key Regulatory Changes in 2024
- Beneficial Ownership and Transparency
- Technology and AML Compliance
- Emerging Threats and AML Risk Areas
- Enhancing your Know Your Customer (KYC) Procedures
- Strengthening Financial Institutions’ Internal AML Controls
- Penalties and Enforcement Trends
- Preparing for the Future
- Conclusion
Who Should Attend
Accountants, Accounting Firms, Internal Auditors, Individuals in Risk Management, Compliance or Governance Roles, AML Professionals, Bank Employees
Why Should You Attend
This presentation is essential for professionals in the financial services industry, compliance officers, legal advisors, and risk management teams. The landscape of anti-money laundering (AML) regulations is rapidly evolving, and non-compliance can result in hefty fines, legal consequences, and damage to your organization’s reputation. By attending, you will:
- Stay Compliant: Learn about the latest updates to AML regulations in 2024, including U.S. FinCEN rules, the EU’s 6th AML Directive (6AMLD), and post-Brexit UK regulations.
- Understand Emerging Risks: Gain insights into new money laundering typologies, including risks associated with cryptocurrencies, online platforms, and trade-based money laundering.
- Leverage Technology: Discover how advancements like AI, machine learning, and blockchain are reshaping AML compliance and how you can utilize them to improve your processes.
- Prepare for Enforcement: Understand the new enforcement trends and penalties, and learn from real-world case studies to avoid common pitfalls.
- Improve Internal Controls: Receive practical advice on strengthening internal AML controls, enhancing Know Your Customer (KYC) procedures, and adapting your organization's compliance strategies.
By attending, you’ll be equipped with the knowledge and tools needed to ensure your organization stays compliant, minimizes risks, and remains competitive in the evolving regulatory environment.
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$160.00
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