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