Beth Davy joined the Association of Certified Anti-Money Laundering Specialists’ (ACAMS) 2021 New York Virtual Conference, held on June 9. The conference brought together a range of experts to discuss the new Anti-Money Laundering Act of 2020, new risks compliance professionals are facing in areas such as cybercrime and cryptocurrency; and expected changes in anti-money laundering under the Biden administration. Beth’s panel, “Laundry List: An Analysis of the Anti-Money Laundering Act (AMLA) of 2020,” examined the AMLA’s expanded penalties for egregious Bank Secrecy Act violators; its expanded whistleblower provisions; and assessed the future challenges of the pilot program for financial institutions to share SAR data across international borders. To learn more about the conference, click here.
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