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About the Event
Dear Banker,
The upcoming year is shaping up to be one filled with change. The challenge is that we don't know what all the changes will be, yet. In July 2024, FinCEN published a notice of proposed rule making to finally dust off the AML/CFT Priorities from 2021. While we don't have a final rule yet, there will be significant changes to our AML Risk Assessments that will have implications for the other AML Pillars as well.
FinCEN promised that financial institutions would begin having access to the Beneficial Ownership Secure System in May 2025, but FinCEN hasn't told us how, or what we should use it for yet. There is anticipation of a proposed revision to the 2018 Customer Due Diligence Rules, and the industry is waiting with bated breath.
There has been significant enforcement actions in the Fintech and Banking as a Service space which is clearly a warning shot for any financial institution considering partnering with this industry. It's not that regulators are saying it can't be done, but they clearly expect that you have the infrastructure needed to manage the risk. Unfortunately, guidance on third party risk management has been more heavily focused on vendors and less on third party service providers that interact with our customers. The inclusion of delivery channels and intermediaries in the AML/CFT Priorities rule proposal illustrates that there will be continued scrutiny in this area.
All of this means that when prepping your Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) Program for pending changes, you must make sure your due diligence and monitoring processes are adequate to keep pace with the evolution of suspicious activity.
The Top Gun Conference is the premier source for hands on discussions to help you mitigate risk. Our panel of experienced bankers and consultants go beyond just discussing AML/CFT theory, and drill down to AML/CFT best practices and consideration for implementing processes to efficiently comply with regulatory requirements and protecting our institutions.
We'll provide up-to-the-minute updates on FinCEN's rulemaking to implement the Corporate Transparency Act along the proposed AML/CFT Priorities regulation. We'll evaluate significant occurances in AML/CFT in the last year including some significant enforcement actions and civil money penalties and discuss in detail what our institutions can learn from them.
Our convenient virtual environment makes it possible for you to train a full conference room of employees. Playback options allow you to rewatch sections you want to hear again or to share with business lines. Get the information you need to know when you need it!
Feedback from previous conferences indicates that our question-and-answer sessions continue to be some of the most popular times during the conference. We are expanding these sessions so that we can get to more of the questions that you submit prior to and during the conference. Have a question? Ask it! There is a good chance that one of your fellow participants has the same question. Have a topic suggestion? Submit it to topgun@bolconferences.com.
This is YOUR conference. We encourage you to submit topics that our panel can cover in the rapid-fire BSA Pepper or as a stand-alone session. Our speakers will continue to monitor FinCEN's rulemaking so that we provide the most current information that you will need to adjust your Program.
I would like to personally invite you to join me and our expert speaker panel on March 4th and 5th for Top Gun 2025!
Yours truly,
Brian Crow
BOL Conferences Coordinator
P.S. Register early!
Please join us and other BOL Gurus at the
2025 BSA/CFT Top Gun Conference
ONLINE
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BOL Conferences,
2541 Flint Ridge Rd,
Edmond, OK 73003
PH: 888-229-8872 ext. 87
FAX: 405-348-7641 Email: conferences@bolconferences.com
All materials (print, electronic, and streamed) are Copyright © 2013-2025, BOL Conferences, Inc.
The material and presentations are intended to be used by a single institution, or charter,
and are not to be reproduced or distributed, in any form, outside the attending organization. |
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