Regulatory Compliance Association Reviews

Anti-Money Laundering (AML) Overview for Fund Managers

CFTC

Date: March 7, 2018
General Session: 12 Noon to 1:30 PM EST
Location: Webcast (Free)

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Description 

AML Overview for Fund Managers provides a summary of AML statutes, regulations and lessons learned that managers can place on their compliance dashboard for easy access. After providing an overview of AML fundamentals including money-laundering types and statutory and regulatory requirements, the session focuses on emergent issues such as the customer due diligence rule as well as case summaries from which lessons learned can be drawn. Areas covered consist of AML program requirements including customer identification and customer due diligence programs, suspicious activity reporting, and Office of Foreign Asset Control (OFAC) considerations as well as the AML implications of recent events such as cyber intrusions and thefts, and crypto-currencies. The overview mixes both equity and derivative industry requirements to provide fund managers with a comprehensive AML overview. In sum, AML Overview for Fund Managers is intended to provide a comprehensive, incisive, and useful tool for navigating this vitally important area.

Participants will be able to do the following  the conclusion of this session:

  •  Recognize AML basics including principles, relevant portions of the Bank Secrecy Act (BSA), and criminal statutes
  • Identify Customer Identification Program (CIP) and Customer Due Diligence (CDD) regulations and requirements
  • Apply lessons learned from case summaries
  • Define basic suspicious activity report (SAR) filing, recordkeeping and confidentiality requirements
  • Apply basic Office of Foreign Assets Control (OFAC) requirements
  • Recognize emergent issues that may have an impact on AML programs

Session Chairman:

Walter Zebrowski, JD, CPA, Principal, Hedgemony Partners
Chairman, Regulatory Compliance Association

Senior Fellow from Practice:

Harry Wedewer,J.D., Commodity Futures Trading Association

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