transcript   Transcript

Anti-Money Laundering and Counter-Terrorist Finance (“AML/CFT”) Compliance: Due Diligence, Red Flags, and Best Practices

Recorded on: Jun. 12, 2018
Running Time: 01:12:10

Full Transcript:

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Taken from the Web Program Anti-Money Laundering 2018: Risks, Due Diligence and Compliance in an Evolving Legal and Technological World Recorded June 2018 in New York

Anti-Money Laundering and Counter-Terrorist Finance (“AML/CFT”) Compliance: Due Diligence, Red Flags, and Best Practices [01:12:10]

Using the same hypothetical scenario, the panelists will discuss how corporate financial and legal departments can identify, develop, and implement AML compliance programs to ensure that companies conduct appropriate due diligence on vendors, partners, customers, and others; identify “red flags” that indicate potential money laundering activity; and respond to potential risks.  The moderator and panelists will discuss:

  • Identifying red flags and business risks that may indicate money laundering or terrorist finance activity
  • Developing internal corporate AML compliance programs
  • Developing and conducting customer due diligence, for financial service providers and other regulated businesses, and for sellers of luxury goods
  • Fintech and new payment mechanisms
  • Increased emphasis on real estate (see FinCEN’s GTOs)
  • Enhanced CDD by financial institutions

(Skills credit for NY attorneys)

Nicole S. Healy (Panel Leader); Kenneth P. Herzinger, Eunjung Park

The purchase price of this Web Program segment includes the following article from the Course Handbook available online:

  • The Basics of AML Compliance Program Requirements for Financial Institutions (April 16, 2018)
    Eunjung Park
  • Grand Jury Charges, United States v. Petros Contoguris, No. 2:17-cr-00233-EAS (S.D. Ohio Oct. 12, 2017)
    Nicole S. Healy
  • Superseding Indictment, United States v. Paul J. Manafort, Jr., No. 17-cr-00201-ABJ (D.D.C. Feb. 16, 2018)
    Nicole S. Healy
  • Complaint, United States v. “The Wolf of Wall Street” Motion Picture, No. 2:16-CV-05362 (C.D. Cal. July 20, 2016)
    Nicole S. Healy
Nicole S. Healy ~ Ropers Majeski Kohn & Bentley PC
Kenneth P. Herzinger ~ Orrick, Herrington & Sutcliffe LLP
Eunjung Park ~ Vice President, Financial Crimes Compliance, Agricultural Bank of China
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