NEW Proposed Rulemaking: Countering the Financing of Terrorism (CFT) Priorities
October 31, 2024
REGISTER NOWDescription:
On July 3rd, FinCEN published a notice of proposed rulemaking addressing the AML/CFT Priorities, initially outlined in June 2021. A key universal requirement of the proposed rule is the incorporation of AML/CFT Priorities into our AML Risk Assessments. In this session, we’ll help you identify where and how your risk assessments will need to be upgraded.
Join us October 31st to:
- Find out how to incorporate new AML/CFT priorities into your existing risk management program and align your current risk assessment practices with FinCEN’s current focus.
- Take a closer look at the proposed rule and how it aims to enhance the effectiveness of AML/CFT efforts.
- Delve into FinCEN advisories offering critical insights into financial crimes targeted by these new priorities.
- Uncover optimal methods for integrating these new risk factors into your current operational framework.
- Prepare for the implementation of FinCEN’s final rule for a smooth, efficient transition into compliance.
It is essential to start planning and preparing now so you’re able to meet the compliance requirements when this proposed rule becomes final. This 90-minute class will ensure you’re prepared and able to incorporate new AML/CFT requirements and achieve compliance.
Presenters:
Brian Crow, CAMS
Brian Crow is managing partner and co-president for TCA Compliance and is a nationally recognized BSA/AML expert with a strong bank compliance management background and a welcome ability to provide focused educational support to TCA client banks. Crow most recently was BSA Administrator for a suburban Chicago bank, where his responsibilities included the bank’s annual assessment and audit documentation. Earlier, as Operations Officer at the same bank, Crow monitored AML activity and helped install automated AML software that allowed the bank to transition from paper to electronic CTRs. His activities were responsible for reducing debit card fraud by 95 percent at the bank. Mr. Crow has been, and continues to be, an education consultant for the Glia Group BOL Learning Connect program. It was in this role that Crow was recognized as a Bankers Online Guru in 2011. Like many of us, Mr. Crow began his banking career as a teller, working his way up to branch management responsibilities. He earned a B.A. degree from Concordia University, River Forest Illinois.
October 31, 2024