Key US AML Regulation Changes for 2024: Important for Compliance Staff

Learning Objectives

• To discuss the significant AML regulatory changes set to take place in 2024 and their implications for financial institutions and compliance professionals.
• To gain insights into the current AML environment, focusing on key issues and challenges that are driving regulatory changes.
• To explain the impact of the FinCEN final rule on beneficial ownership information (BOI) provisions on compliance processes and procedures.
• To inspect the Responsible Financial Innovation Act and the Responsible Development of Digital Assets, and how these developments influence AML compliance in the financial sector.
• To analyze the compliance strategies related to technology in the context of US AML regulations and how to align these with evolving compliance practices.

Course Description

Get ready, Compliance Officers, because 2024 is bringing a wave of significant AML regulatory changes. These shifts will require your unwavering attention and demand precise adjustments to your internal documents, systems, policies, procedures, and reference materials. Be prepared for potential special projects that may crop up throughout the year. It's not just about understanding these impending changes; it's equally vital to grasp how they'll impact your financial institution, especially your staff members.

At this online webinar, we'll offer a comprehensive overview of the current AML landscape, the upcoming guidance, and regulations. We'll also discuss how these changes relate to the roles and responsibilities of your team. Our mission is to empower compliance professionals like you to confidently navigate the complex world of AML regulations in 2024.

Major topics covered in this CPE course:

• 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

Join us for this crucial CPE webinar where we will provide you with the knowledge and insights necessary to adapt and succeed in this ever-evolving compliance landscape. Together, we will chart a course for a successful year of AML compliance in 2024.

Overview

• Current AML Environment

  5 mins
• Components

  14 mins
• Digital asset classification

  22 mins
• Access to safe, Affordable financial services

  32 mins
• Exploring a U.S. Central Bank Digital Currency (CBDC)

  41 mins
• Goals of the strategy

  48 mins