Date: Thursday, July 22, 2021
Time: 2:00 pm ET | 11 am PT
The Bank Secrecy Act (BSA) was the first anti-money laundering law passed in the United States. Since its enactment, the United States has transformed its approach to preventing and mitigating the generation, movement and use of illicit proceeds in the financial system. Financial institutions must now work closer than ever with government agencies to detect and keep illicit actors and funds out of the U.S. financial system.
On January 1, 2021, the U.S. Congress enacted the Anti-Money Laundering Act of 2020 (AMLA). It is a landmark piece of legislation that includes extensive and fundamental reforms to anti-money laundering laws. It is designed to strengthen, modernize and reform the BSA and the broader U.S. regime related to anti-money laundering. These developments will have a profound impact on not only financial institutions, but other businesses as well.
Join this webcast for guidance on how to navigate the implementation of the AMLA and how to manage risk. You will also gain:
REGISTER NOW! (Not able to attend? STILL REGISTER you will receive an email with how to access the recording of the event)
Dena Somers | Founder | Finreg Partners
Dena Somers is the founder of Finreg Partners, a regulatory compliance and risk management firm for the banking and financial services industries.
Drawing on more than 20 years of legal and regulatory compliance experience in the banking and financial services industry, she helps clients navigate complex regulatory and compliance challenges by providing hands-on expertise in all areas of BSA/AML and consumer lending compliance. As a leading expert in her field, Dena provides compliance guidance and training nationwide on the most pressing issues in the industry, including, anti-money laundering, cybersecurity, cannabis and high-risk banking, GLBA and privacy compliance, Fintech, and regulatory risk management.
Prior to founding Finreg Partners, Dena served as General Counsel/Chief Compliance Officer to a national mortgage servicing company, regional mortgage lender, Fintech installment lender, and one of the largest Money Service Businesses in the U.S. In private practice, she has represented both consumers and financial institutions in a broad array of complex litigation matters for more than 15 years.
Dena authors several compliance and risk management publications for LexisNexis® including, Regulatory Compliance: Anti-Money Laundering and Counter-Terrorism Financing, BSA/AML Internal Audit and Risk Management, BSA and AML Service, BSA Officers Handbook, Bank and Credit Union Regulatory Compliance Alert, Bank Security Desk Reference, Loan Policies Manual, Self-Paced Loan Documentation and Training, and Bank Teller Training and provides guidance on the regulation of financial services as an attorney author for Lexis Practice Advisor. She has served as an expert witness in both federal and state courts and is an experienced public speaker on compliance and emerging trends, having presented before the Virginia legislature, CBS news, and numerous industry trade associations.