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2021-04 April - Anti-Money Laundering Act of 2020

Course Description

During this program, your directors will receive an overview of the Anti-Money Laundering Act of 2020 that was passed in 2021. It will have great implications into your future BSA programs. This session covers de-risking, a national database for beneficial ownership, higher fines and penalties for BSA and Keep Open Directives from law enforcement. It is a good update of this massive bill and will count towards your BSA Director's Training. Covered Topics:
  • Division F - Anti-Money Laundering
  • New BSA Purposes
  • De-Risking
  • Keep Open Orders and Other FAQs Released
  • National Beneficial Ownership Registration Awaiting Regulation
  • SAR and CTR Trends
  • Sharing Compliance Resources
  • FinCEN Sanctions and Fines
20 Minutes
Series: Director Education Series
Roles: Board of Directors
Course Format: Webinar
Package: Director Education Webinar Series

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