Wednesday, March 20, 2024 – 1:30 – 2:30 p.m. EDT
Association of International Bank Audit and Compliance Professionals Inc.
March 20, 2024 WEBINAR
The AML Act of 2020 and FinCEN: Everything You Need to Know but Dare Not Ask
Wednesday, March 20, 2024 – 1:30 – 2:30 p.m. EDT
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Register for this webinar: https://www.aiba-us.org
AGENDA
The AML Act of 2020 and FinCEN: Everything You Need to Know but Dare Not Ask
The AML Act of 2020 (“the Act”) represents a significant step forward in the fight against money
laundering and terrorist financing in the United States, introducing measures to enhance corporate
transparency and requiring companies to disclose their beneficial owners to FinCEN, a primary
regulatory agency of the U.S. Treasury.
FinCEN is responsible for implementing and enforcing AML regulations and plays a crucial role in
overseeing compliance with the Act, provides guidance to financial institutions, collects and analyzes
financial transaction data, and administers enforcement actions against those who violate AML laws.
Join us on Wednesday, March 20, 2024 for this innovative webinar with Jim Richards, founder and
principal of Reg Tech Consulting, LLC, as he explores the interconnectedness between the two, and
brings to the fore some of the complex questions on the minds of internal audit and compliance
professionals.
1:30 – 1:35 p.m.
Welcome: Michele M. Fleming, Chair, AIBACP
1:35 – 2:25 p.m.
Webinar / Q&A: Jim Richards, founder and principal of Reg Tech Consulting, LLC
2:25 – 2:30 p.m. Closing Remarks: M. Fleming
Jim Richards, founder and principal of Reg Tech Consulting, LLC
Jim Richards is the principal and founder of RegTech Consulting LLC, focused on providing
strategic advice on all aspects of financial crimes risk management.
From 2005 through April 2018 Mr. Richards served as the Director of Global Financial
Crimes Risk Management for Wells Fargo & Co., responsible for anti-money laundering
(AML), counter-terrorist financing (CTF), external fraud, internal fraud and misconduct, the
identity theft prevention program, global sanctions, financial crimes analytics, high-risk
customer due diligence, and sanctions.
Prior to his role with Wells Fargo, Mr. Richards was the AML operations executive at Bank
of America. He is a three-time member of the Treasury Department’s Bank Secrecy Act
Advisory Group, and a founding member of the advisory board of the Association of
Certified Anti-Money Laundering Specialists. Prior to his 20-year career in banking, Mr.
Richards was a prosecutor in Massachusetts, a barrister in Ontario, Canada, and a Special
Constable with the Royal Canadian Mounted Police. He is the author of “Transnational
Criminal Organizations, Cybercrime, and Money Laundering.” Mr. Richards has a Bachelor
of Commerce (B.Comm.) degree and Juris Doctorate from the University of British
Columbia.
CPE Credit
1 CPE Credit will be awarded to members attending the live webinar.
Registration Required
Refer to instructions above
Questions?
Email Rose Napoli at
rosenapoli23@gmail.com
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