Key US AML Regulation Changes for 2024: Important for Compliance Staff
These changes will keep us busy and require us to make applicable updates to our internal documents, systems, policies and procedures, and reference materials. And don't forget about any special projects that may occur as well throughout the year.It’s important to understand these changes, but we must also understand the implications for our financial institutions, particularly for individual staff members. During this training, we will discuss the current AML environment, and the new guidance and regulations and align them to the impacted staff. We will also look ahead at other potential changes down the road that we may have to plan for.Areas Covered Overview: Current AML environmentFinCEN final rule on BOI provisionResponsible Financial Innovation ActResponsible Development of Digital AssetsUS AML Regulations: Complying with Technology National Illicit Finance StrategyGlobal Sanctions and UkraineWho Should AttendAnyone in an AML function or works with this function.Why Should You AttendIf you thought the world of AML regulations was easy in 2023, wait for what's coming in 2024. As Compliance Officers we need to be prepared on what to do and also, communicate to those who will be impacted by the upcoming changes. There are a number of changes coming our way and during this training, we go through each of them and its implications. These changes will keep us busy in 2024 and we are going to have to make updates to our internal documents. Besides the necessary policies and procedures and training our staff, don't forget about any special projects that may result in the changes.
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These changes will keep us busy and require us to make applicable updates to our internal documents, systems, policies and procedures, and reference materials. And don't forget about any special projects that may occur as well throughout the year.
It’s important to understand these changes, but we must also understand the implications for our financial institutions, particularly for individual staff members. During this training, we will discuss the current AML environment, and the new guidance and regulations and align them to the impacted staff. We will also look ahead at other potential changes down the road that we may have to plan for.
Areas Covered
- Overview: Current AML environment
- FinCEN final rule on BOI provision
- Responsible Financial Innovation Act
- Responsible Development of Digital Assets
- US AML Regulations: Complying with Technology
- National Illicit Finance Strategy
- Global Sanctions and Ukraine
Who Should Attend
- Anyone in an AML function or works with this function.
Why Should You Attend
If you thought the world of AML regulations was easy in 2023, wait for what's coming in 2024. As Compliance Officers we need to be prepared on what to do and also, communicate to those who will be impacted by the upcoming changes.
There are a number of changes coming our way and during this training, we go through each of them and its implications. These changes will keep us busy in 2024 and we are going to have to make updates to our internal documents. Besides the necessary policies and procedures and training our staff, don't forget about any special projects that may result in the changes.
