Gain a better understanding of AML laws, regulations, and enforcement in the United States.
All persons that interact with the U.S. financial system are impacted by U.S. laws enacted to fight money laundering and terrorist financing. The regulation and enforcement of anti-money laundering law evolves quickly, in response to the continuous efforts of illicit actors to find new ways to launder ill-gotten gains. Over the past year, change in this area has accelerated, and this acceleration will continue to evolve in 2024 in ways that impact not only financial institutions covered by AML regulations but also a broad swath of U.S. companies and non-U.S. companies conducting business in the United States. The program will provide attendees a basic understanding of AML laws, regulations, and enforcement in the United States, an outlook of changes on the horizon, and an understanding of how it impacts their business and clients.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Introductions
Anti-Money Laundering Background
- What Is Money Laundering?
- The Global Fight Against Money Laundering
- Criminal Money Laundering Statutes
- Introduction to the Bank Secrecy Act and the U.S. Anti-Money Laundering Scheme
Persons Covered by AML Requirements
- Introduction to the Scope of Covered Financial Institutions
- Upcoming Expansion of Coverage
- AML for Others in the Financial Industry That Are Not Covered
AML Compliance Requirements for Covered Financial Institutions
- Pillars of Effective AML Compliance Programs
- Customer Identification/Customer Due Diligence/Beneficial Ownership
- Reporting and Information-Sharing Requirements
- Recordkeeping Requirements
- Special Measures
The Anti-Money Laundering Act of 2020 and Important Changes
- Beneficial Ownership Reporting Requirements for Us and Foreign Companies
- Risk-Based Priorities
- Enhanced Whistle-Blower Incentives
Outlook Going Forward
- Enforcement and Regulatory Priorities
- Novel Use of Existing Tools to Address New Risks Risk-Based Policies, Procedures, and Internal Controls Reasonably Designed to Prevent, Detect, and Report Money Laundering and Terrorism Financing
- Must Ensure Compliance With Minimum Reporting and Recordkeeping Requirements
- Must Be Reasonably Related to the Institution's Risk Assessment Agents and Certain Contractors
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on January 26, 2024.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.0
- Alaska attorneys may receive 1.0 hours of continuing legal education, including hours of ethics credit for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.1
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.1 hours credit.
- AR CLE 1.0
- This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- HI CLE 1.0
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
- IL CLE 1.0
- This course was approved for a total of 1.0 hours of MCLE Credit by the Illinois MCLE Board.
- MO CLE 1.3
- This course qualifies for self-study CLE credit in Missouri.
- ND CLE 1.0
- North Dakota CLE policy does not allow for pre-approval of any self-study courses. This course may qualify for up to 1.0 hours of CLE credit.
- NH MCLE 1.0
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 64 Minutes.
- NM CLE 1.0
- This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.0 hours of credit.
- NV CLE 1.0
- This program has been approved by the Nevada Board of Continuing Legal Education for 1.0 CLE hours.
- NY CLE 1.0 including Areas of Professional Practice 1
- This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.0 credit hours in the area(s) of Areas of Professional Practice for 1.00 hour. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Education- Noggin Guru, Inc. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
- OH CLE 1.0
- This course has been approved by the Ohio Supreme Court Commission on Continuing Legal Education for 1.0 CLE credit hours. Please note: No more than twelve (12) hours of self-study CLE credit for any biennial reporting period may be earned by an Attorney or Judge under Regulation 409.2. To fulfill CLE requirements for self-study, web-based programs, you must complete 100% of the polling questions during the program. Your hours will be filed electronically within thirty (30) business days by Lorman Education Services provided you fulfilled 100% attendance and polling questions answered.
- PA CLE 1.0
- This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- VA CLE 1.0
- This program has been approved by the Virginia Mandatory Continuing Legal Education Board for 1.0 CLE credit hours.
- WI CLE 1.0
- This program qualifies for 1.0 hour(s) of ondemand CLE through the WI Board of Bar Examiners.
- WV MCLE 1.3
- This program has been approved by the West Virginia State Bar MCLE Commission for 1.3 MCLE hours.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
Virginia MCLE requirements do not allow approval for programs that do not include an audio or audiovisual component.
This program was previously offered as a live webinar. Virginia MCLE requirements do not allow approval for attendance at duplicate programs.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
- AK CLE 1.0
- Arizona CLE 1.0
- CA MCLE 1.0
- CT CLE 1.0
- HI CLE 1.0
- MO CLE 1.3
- NJ CLE 1.3
- NM CLE 1.0
- NY CLE 1.0 including Areas of Professional Practice 1
- VT CLE 1.0
- WV MCLE 1.3
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Daniel R. Alonso
Orrick, Herrington & Sutcliffe LLP
- Partner at Orrick, Herrington & Sutcliffe LLP
- Practice emphasizes white-collar defense of corporations and individuals, internal investigations, and complex civil litigation
- Conducts regular seminars and workshops on various aspects of white-collar defense, internal investigations, and compliance
- Author of several publications related to white-collar defense, compliance with the FCPA, U.S. sanctions regimes, and anti-money laundering under the BSA
- Membership of the New York State Bar Association, American Bar Association, Hispanic National Bar Association, and New York City Bar Association
Benjamin Hutten
Orrick, Herrington & Sutcliffe LLP
- Partner at Orrick, Herrington & Sutcliffe LLP
- Representation includes white-collar defense, internal investigations, and complex civil litigation
- Represents public and private companies, and corporate executives, and advises on regulatory matters
- Specializes in DOJ, SEC, CFTC, NYDFS, and other enforcement agency matters
- Expertise in FCPA, OFAC sanctions, BSA anti-money laundering, and compliance
- Leads investigations and compliance reviews globally, including Latin America, the UK, and Asia
- B.A. degree, Vassar College; J.D. degree, New York University School of Law
- Can be contacted at 1 212 600 2333 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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