Event Detail

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Due to the coronavirus outbreak, we will be hosting live webinars in place of live seminars for the foreseeable future.  We will send an email as soon as live seminars are up and running again.  We appreciate your patience.

For our CPA customers, note that live webinar credits are equivalent to live seminar credits and will satisfy your credit requirements.  

For our attorney customers, individual state legal education requirements will vary. As of now, it appears that the PACLE Board will review attorney compliance on an individual basis if you are unable to find live seminar credits prior to your deadline. If you require more detail, please reach out to the Legal Education Board in your state.

Anti-Money Laundering (AML) Compliance: It's Everybody's Business

The fight against Money Laundering from a legal/ regulatory (and auditing) perspective was most notably launched in 1970 with the passage of the ‘Bank Secrecy Act’ (BSA). Since that time, various additional (Anti) Money Laundering (AML) laws and regulations have been enacted, which have served to further strengthen requirements for internal controls (and auditing thereof).  After 9/11, Congress passed the USA PATRIOT Act, which included major expansion of BSA related regulations.  Most recently in January 2021, the Ant-Monel Laundering Act of 2020 was passed into law and includes some of the most sweeping updates to date in this critical area of compliance. While very significant to financial institutions and auditors, (Anti) Money Laundering laws/ regulations are everybody’s business!  In this highly engaging and informative half day session, you will: discover the fundamentals of AML compliance programs and controls; learn  key application strategies for integrating AML and operations controls (and auditing thereof); become better aware of what your bank knows about and potentially reports on to the government about you, when it comes to your financial activities / transactions; and review the latest trends and updates in AML compliance including cryptocurrency related implications on monitoring and reporting programs.

Major Topics:

  • A Brief History in ‘BSA / AML’ Time
  • What’s UP with FinCEN (Financial Crimes Enforcement Network) and Why That Is Important to You
  • AML Fines/ Penalties/ Enforcement Actions and Investigations
  • What Banks Know (and are Required to Know) about YOU
  • ‘Know Your Customer’ Outside – In: Customer Due Diligence
  • Financial Activity Monitoring and Reporting
  • Cryptocurrency Implications on AML Monitoring and Reporting programs
  • The Foundational Elements of Effective BSA/ AML Programs / Auditing Programs
  • Money Laundering and Terrorist Financing “Red Flags”
  • Effective AML and Operations Integration Strategies

Learning Objectives:

  • To promote heightened awareness of the applicability, importance and sensitivity of BSA/ AML requirements, activities and controls (and auditing thereof) for individuals and organizations of varying types and sizes
  • To accentuate the positive role and impact each participant can have in strengthening their organization’s (and their clients’) BSA/ AML programs and controls.
  • To highlight practical application strategies for building/ strengthening effective organizational BSA/ AML compliance and auditing programs.
  • To identify strategic opportunities for efficiently implementing and integrating AML and Operations controls (and audit coverage related thereto)
  • To keep abreast of cryptocurrency and other current trends impacting AML compliance.

When: Friday, October 29th, 2021. 9:00 am to 1:15 pm EST
Where: Your home or office
Speaker: James Hallinan, CPA, CIA, CSFA, CBA
CPE Credits: 4 Audit CPE
CLE Credits: 4 Substantive CLE 
Program Level: Basic
Prerequisites: None
Advanced Preparation: None
Delivery Method: Group Internet-Based

The Presenters:

James D. (Jim) Hallinan is the Founder, Owner, and Leader of GO2 JH Communications and Consulting. Jim is a growth opportunity oriented (GO2) personal, professional, organizational development, governance, leadership, audit and risk management / control trusted coaching, training and consulting resource partner, and inspirational – motivational communications leader. Jim has over 30 years of diversified corporate and independent consulting and training experience and has been a speaker at various in-house, professional/ organization, client conferences, and training events. During his corporate career, Jim managed relationships and assignments throughout the U.S. and internationally in London, Hong Kong, Japan, Australia, and Taiwan. Jim’s life / work mission is to help enlighten (‘bring forth the light from within’), inspire, empower, and support people from all walks and stages of life, teams, groups, and organizations of all types and sizes, and families, schools and communities everywhere, in their quests to create significant, positive, sustainable change; tap more fully into / unleash their inner genius, infinite creativity, and unlimited potential; and experience ever-increasing levels of growth, fulfillment, and success! 

About CPE/CLE:

* The ALA partners with McDevitt and Kline LLC for certificate issuance. Live, internet-based courses are approved as Distance Learning courses by the PA Supreme Court CLE Board. For additional information, please visit http://www.pacle.org/. Check with your State CLE Board for rules pertaining to live webcasts. These rules differ from state to state. For example, PA attorneys may earn up to 6 CLE credits per compliance period via live webcasts (or 6 out of 12 credits per year); NJ and DE attorneys may earn up to 12 CLE credits per compliance period via live webcasts (or 12 out of 24 credits per two years).
McDevitt & Kline, LLC is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site:www.nasba.org.

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