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

If you thought the world of AML regulations was easy in 2023, wait for what's coming in 2024. As Compliance Officers we need to be prepared on what to do and also, communicate to those who will be impacted by the upcoming changes. 

These changes will keep us busy and require us to make applicable updates to our internal documents, systems, policies and procedures, and reference materials. And don't forget about any special projects that may occur as well throughout the year.
It’s important to understand these changes, but we must also understand the implications for our financial institutions, particularly for individual staff members. During this training, we will discuss the current AML environment, and the new guidance and regulations and align them to the impacted staff. We will also look ahead at other potential changes down the road that we may have to plan for.

At this online webinar, we'll offer a comprehensive overview of the current AML landscape, the upcoming guidance, and regulations. There are a number of changes coming our way and during this training, we go through each of them and its implications. Besides the necessary policies and procedures and training our staff, don't forget about any special projects that may result in the changes. 

Join us for this crucial webinar where we will provide you with the knowledge and insights necessary to adapt and succeed in this ever-evolving compliance landscape.

• To discuss the significant AML regulatory changes 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.

• 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
• Q & A Session

By staying abreast of the latest regulatory changes and understanding their implications, participants can proactively enhance their organization's AML compliance efforts and mitigate the risk of financial crime. This course will simplify AML regulations, helping you understand their role across various industries and countries.