Karen Schnell CISSP, CAMS, CGSS, CFE, CFCS, LSSBB, PMP, PMI-ACP
Senior Director - Financial Services | FTI Consulting
Jennifer J. Schulp
Director of Financial Regulation Studies | Cato InstituteBSA/AML Reform 2025: Strategies for Navigating Ongoing Challenges | On-demand Webcast
Tuesday, February 18, 2025 from 12:00 pm to 1:00 pm (ET)
The landscape of Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations is ever evolving. As we enter 2025, it becomes imperative for professionals in the financial sector to equip themselves with effective strategies for navigating the ongoing challenges.
In this webinar, Karen Schnell, CISSP, CAMS, CGSS, CFE, CFCS, LSSBB, PMP, PMI-ACP of FTI Consulting and Jennifer J. Schulp of the Cato Institute will provide an in-depth discussion of BSA and AML changes and challenges. Speakers will analyze the key provisions and changes brought about by reform, offering practical strategies for compliance, as well as look at ongoing discussions on Capitol Hill about potential reforms. They will also examine case studies, providing real-world examples to illustrate effective approaches. Furthermore, the discussion will extend to the latest technological advancements aiding BSA/AML compliance, ensuring participants gain a holistic understanding of the evolving landscape.
Topics to be covered include:
- International Implications
- Best Practices for Risk Assessment and Mitigation
- Role of Emerging Technologies in Enhancing Compliance Processes
- Impact of Regulatory Changes and Areas of Regulatory Focus
- Ongoing Litigation on the Corporate Transparency Act
- Outlook for BSA/AML Reform
Agenda:
Karen Schnell, CISSP, CAMS, CGSS, CFE, CFCS, LSSBB, PMP, PMI-ACP, Senior Director – Financial Services
FTI Consulting
- Best Practices for Risk Assessment and Mitigation – In June 2024, FinCEN published a Proposed Notice of Rule Making to require financial institutions to establish, implement, and maintain effective, risk-based, and reasonably designed AML/CFT programs. This program will address some of the critical elements for conducting and applying risk assessments.
- Role of Emerging Technologies in Enhancing Compliance Processes – The use of AI in the financial industry is expanding rapidly. This program will address, at a high level, the potential and possible pitfalls of using AI to fight financial crime.
- Impact of Regulatory Changes and Areas of Regulatory Focus – Legislators and regulators are looking more closely at the flow of funds from fraud, including areas such as romance schemes and cryptocurrency investment schemes. This program will discuss emerging schemes and regulatory outlook for combatting fraud and the money flows from such fraudulent activities.
Jennifer J. Schulp, Director of Financial Regulation Studies
Cato Institute
- Ongoing Litigation on the Corporate Transparency Act – The Corporate Transparency Act has been subject to legal challenge, resulting in two district courts questioning its constitutionality. This program will provide an update an overview of the court decisions, the status of the litigation, as well as the status of the reporting obligation.
- Outlook for BSA/AML Reform – BSA/AML reform has increasingly been a topic of discussion on Capitol Hill, including the application of the existing BSA/AML framework to digital assets and decentralized finance. Heightened interest in financial privacy and investigations into debanking have also increased the prominence of AML reform discussions, both in terms of enhancing the effectiveness of the framework and in consideration of wholesale reform. This program will provide an overview of BSA/AML issues currently under consideration by Congress.
Who Should Attend:
- Banking & Finance Lawyers/Consultants
- BSA/AML Professionals
- Financial Compliance Professionals
- Risk Management Professionals
- Top Level Management from Banking & Financial Institutions
- General/In-house Counsel
Register for this course by clicking the “Take this Course” at the top of the page.
CLE Credit:
Course Level: Intermediate | Advance Preparation: Print and review course materials
Method of Presentation: On-Demand Webinar | Prerequisite: General knowledge of banking and finance laws
Course Code: 1411045 | Total Credit: 1.0
CA CLE 1.00 General – Approved Until: 2/18/2027
PA CLE 1.00 General – Approved Until: 2/18/2027
VT CLE 1.00 General – Approved Until: 12/31/2027
NJ CLE 1.00 General – Credits through Reciprocity
NY CLE 1.00 Areas of Professional Practice – Credits through Reciprocity
AR CLE 1.00 General – Credits through Reciprocity
CT CLE 1.00 General – Credits through Reciprocity
NH CLE 1.00 General – Meets the requirements of NH Supreme Court Rule 53
MO CLE 1.00 General – Approved Until: 2/18/2025
Pending CLE Application:
WI, GA, TN
Self-Apply:
AL, CO, DE, FL, ID, IL, IN, IO, KS, KY, LA, NC, ME, MN, MS, MT, NE, NV, NM, ND, OH, OK, OR, SC, TX, UT, VA, WA, WV, WY
No MCLE Requirements:
DC, MD, MA, MI, SD
Not Eligible for CLE:
AK, AZ, HA
Instructions for Participating the Live Webinar
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- Please Register for the course by clicking the "take the course: button if you have not already registered.
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- Download Course Materials – Course materials will be available for download **24-48 hours before** the live webinar. Be sure to review them in advance. The Link to download is available by clicking the lesson tab.
- Join the Webinar – Follow the instructions in the email to access the live broadcast at the scheduled time.
- Note the Secret Words – During the webinar, secret words will be announced periodically. Please write them down.
- Take the Quiz – After the webinar, click on the quiz link below and enter the secret words to complete the quiz.
- Print Your Certificate – Upon completing the quiz, you will be able to print your Certificate of Attendance, which includes instructions on how to obtain CLE, CPE, or other applicable credits for the course.
- On-Demand Access – The on-demand version of this course will be available 24-48 hours after the live webinar. If you miss the live presentation or need to review the content, you will have access to the on-demand version as an enrolled student. To access on-demand content, click the lesson and follow the instructions.
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