Webinar — The Anti-Money Laundering Act: Enforcement and Compliance Implications

Webinar: The Anti-Money Laundering Act — Enforcement and Compliance Implications

March 4, 2021, 12 Noon EST

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The Anti-Money Laundering Act of 2020 (AMLA) was enacted on Jan. 2, 2020, when Congress overrode President Donald Trump’s veto of the National Defense Authorization Act. The AMLA is the most significant revision of U.S. anti-money laws since the USA PATRIOT Act in 2001. The AMLA: (1) expanded the Treasury Department’s whistleblower program; (2) authorized FinCEN to establish a beneficial ownership registration database targeting shell companies; and (3) created new Bank Secrecy Act (BSA) violations and enhanced BSA penalties for repeat and egregious violators.

Join Elizabeth Slim, Senior Consultant from The Volkov Law Group, and Steven Goldberg, Director, Baker Tilly, as they review the AMLA and the implications for AML enforcement and compliance.

Elizabeth Slim is a Senior Consultant with the Volkov Law Group. Ms. Slim is a Certified Anti-Money Laundering Specialist (“CAMS”) for 15 years with over 35 years specializing in bank operations, compliance, risk management and regulatory training at various community to mid-size financial institutions. Ms. Slim is an experienced Bank Secrecy (“BSA”) and anti-money laundering officer, managing a team of analysts that conduct fraud and money laundering investigations. She managed and had oversight responsibilities of financial institutions’ anti-money laundering programs, risk assessments, transaction monitoring, government reporting, sanctions programs, and training efforts.

Steven Goldberg is a director at Baker Tilly with over 25+ years of experience in the Global financial sector, focusing on AML/BSA, Sanctions, Terrorist Financing and Global forensic investigations and review of banks, corporations and financial service companies. Steven helps clients get to the bottom of very complex AML, Sanctions and Terrorist Financing issues and problems. He drives results through his understanding and expectance in global organizations. Steven has led some of largest global and domestic AML and Sanctions projects.

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