Bank Secrecy Act, Anti-Money Laundering and Countering Financial Terrorism Basics

Litigation attorney Siana Danch led a Practising Law Institute (PLI) webinar focused on compliance with the Bank Secrecy Act (BSA) and anti-money laundering (AML) and countering financial terrorism (CFT) requirements. The BSA/AML/CFT regulatory framework presents challenges for financial institutions, particularly in light of growing enforcement by federal agencies. During this program, Ms. Danch shared strategies for BSA/AML and sanctions compliance, talked about the repercussions of non-compliance and outlined current reporting and recordkeeping obligations for companies and counsel to note.