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FinCEN Compliance for MSBs - Tricks to Maintaining Compliance - Webinar

  • ID: 4899536
  • Webinar
  • October 2019
  • Region: Global
  • 60 Minutes
  • Compliance Online
Why Should You Attend:

Without an effective and efficient compliance regime, MSBs risk facing regulatory fines, penalties, suspensions, and harm to their brand and professional reputations.

FinCEN is raising regulatory expectations across the board as Anti-Money Laundering (AML) risks take on increased importance for regulators. FinCEN is awarding greater penalties for MSBs that fail to demonstrate a robust compliance and risk management program.

Do you know what a sufficient audit trail is to satisfy a regulator?
How do you manage the many nuances of MSB regulation to minimize cost and effort?
Do you have the proper checklists in place to ensure key risks exposures are properly documented?
Are you using the appropriate language in documents to satisfy regulatory reviews and audits?
Given the constantly evolving FinCEN rules and regulations, this webinar will discuss how to most cost effectively and cost efficiently comply with the complex maze of FinCEN rules and regulations for MSBs (Money Service Business). Compliance does not have to be onerous and time-consuming. Discover tools and techniques that can simplify your processes while minimizing regulatory scrutiny.

The attendee will learn the following:

What a sufficient audit trail looks like
The type and level of documentation that regulators look for
Key areas for MSBs to get easily tripped up or written up
Simplifying the KYC due diligence process
Areas Covered in the Webinar:

Compliance Control Checklist – key areas
Risk assessment and monitoring – ways to streamline documentation
Sufficiency of documentation
Verifiable audit trails
Internal control checklists
Key regs to be mindful
Mapping controls to risk assessment
KYC streamlining
Note: Product cover images may vary from those shown
Jack is a seasoned securities law / banking law professional in the securities industry. Through Black Swan Diagnostics Inc., he advises banks, broker-dealers, fixed income dealers, MSBs, ATS, regulators, trust and insurance companies, Portfolio Managers, Exempt Market Dealers, Investment Fund Managers, mutual fund dealers, energy companies, fintech companies, robo advisers, software providers, blockchain companies, cannabis platforms and issuers. He has registered various entities with the SEC, OSC/IIROC, spanning PM/IFM/EMD licenses. He also provides ongoing and interim CCO/CAMLO regulatory compliance services to different types of regulated financial entities.

Jack is a graduate of the University of Toronto, Faculty of Law, Master of Laws (LLM) in Business Law, and completed both his General LLM and Securities Law LLM at Osgoode Hall Law School, York University. Jack is also a graduate of the University of Pennsylvania, The Wharton School of Business, in a graduate program in investment management. He completed his B.A. (Hon), Economics/Math, University of Toronto.
Note: Product cover images may vary from those shown