FinCEN AML/CFT Priorities Rule: What do I Need to Know Now? (2/18/25)
FinCEN AML/CFT Priorities Rule: What do I Need to Know Now? (2/18/25)
Library:
We will look at how existing risk factors that you already consider can assist you in evaluating new risk factors and explore FinCEN advisories that provide valuable guidance relating to financial crimes the priorities target.
Instructor
Brian Crow
Credit Hours:
Date & Time
Feb 18, 2025, 7:30 pm EST
Duration
2 HR
Standard Price:
Included With Membership
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Description
Instructor
On July 3rd FinCEN published a notice of proposed rule making for the AML/CFT Priorities it previously published in June 2021. The proposed rule addresses requirements for many different industries, but one item is consistent across all industries subject to AML/CFT Requirements: We will need to consider the AML/CFT Priorities as part of our AML Risk Assessment.
During the Course, we will consider how existing risk factors that you already consider can assist you in evaluating these new risk factors. We will explore FinCEN advisories that provide valuable guidance relating to financial crimes the priorities target. Finally, we will discuss how best to incorporate the new risk factors into your existing framework.
While the rule is not finalized, now is the time to begin planning ahead so that your institution is prepared to implement the rule once FinCEN issues a mandatory compliance date.
