Anti-Money Laundering Rules for Investment Advisors – Be Prepared!
Description:
James Freis, Director of the Financial Crimes Enforcement Network announced in November that his agency is working on the long awaited anti-money laundering rules to investment advisors. Don’t be caught unprepared. Join expert faculty for a discussion of the likely scope of the regulations and how advisors can start now to be ready.
Alma Angotti of Navigant Consulting, Inc. and Satish M. Kini of Debevoise & Plimpton LLP will discuss:
The likely reliance of the Rules on the “4 pillars” of AML compliance under the Bank Secrecy Act:
- An AML Compliance Officer
- A risk based AML compliance Program, policies, procedures and internal controls
- Training of Employees
- Independent Testing
How would the rules be applied to Advisors?
- CIP/KYC/CDD
- Suspicious Activity Reporting
- Red flags of suspicious activity in an advisory transactions
- Relationships with other financial institutions - how will the institutions involved in the client relationship work together to meet AML obligations?
Key Contacts
Alma Angotti
Alma Angotti is a Director in the Global Investigations & Compliance practice with 25 years regulatory experience. She is a widely recognized anti-money laundering expert.