Event Calendar

Monday, March 29, 2021

Webinar - New Anti-Money Laundering Act: Key Provisions & BSA Implications

Start Date: 3/29/2021 9:00 AM MDT
End Date: 3/29/2021 10:30 AM MDT

Location:
United States 

The National Defense Authorization Act for FY 2021 was passed by the Senate despite a Presidential veto. The new provisions have serious implications for BSA programs regarding beneficial ownership, CTRs, and SARs. This webinar will break down the bill and go section-by-section through the money laundering piece and how it could impact your institution, including:

  • A beneficial ownership database constructed by the federal government
  • Streamlining SARs and CTRs
  • A study to increase exemption levels for CTRs and thresholds
  • New whistleblower protections
  • A study on how to provide inclusion for charities and nonprofits
  • Required annual training for examiners