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On Demand Webinar
The overlap between Anti-Money Laundering (AML) and sanctions has always been undeniable. In the last 10 years, however, sanctions have emerged as a unique and separate area of compliance carrying heavy civil as well as criminal penalties for failure to comply.
Today, no compliance program is complete without taking AML and sanctions rules into consideration, and ensuring that you and your team fully understands the important convergence between these two regulatory hurdles.
This webinar will provide a practical approach to the similarities and differences between AML and Sanctions rules, as well as what a company can do to stay fully compliant with both compliance models.
Join this live SanctionsAlert.com course and learn:
- BSA/AML Examination Manual and its role in OFAC compliance program examinations
- What goes in a blocking/reject report vs. what goes in a suspicious activity report
- The overlap of sanctions and AML controls concerning activity by designated terrorist groups, militias, and other organizations
- How to ensure your sanctions and AML teams communicate appropriately with each other (and avoid common misunderstandings)
- NYDFS Part 504 and how AML concepts are increasingly being applied to sanctions compliance
- Tools at the disposal of FinCEN, including Section 311 of the USA Patriot Act, which contains a “Trade Sanctions” provision in section 221 of Title II “Enhanced Surveillance Procedures”
- The intersection between FinCEN’s CDD rule and OFAC’s 50% rule
- How Section 206 of the International Emergency Economic Powers Act (Title 50, US Code Sec. 1705) is among the 200 “Specified unlawful activities” (SUAs) that can serve as a predicate to a U.S. AML prosecution by DOJ
February 22. 2018