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Event

Webinar: 5 Pillars of BSA Policies and Procedures

Read Time: 1 min

date & time
Thursday, September 16, 2021
2:00 p.m. ET / 1:00 p.m. CT / 11:00 a.m. PT

The next installment in McGlinchey’s Deep Dive Series covering all things Bank Secrecy Act is a webinar featuring attorneys from McGlinchey’s Financial Institutions Compliance team as well as CAMS certified managers from Crowe LLP. Bring your questions and join us to discuss the five pillars that make up a compliant BSA/AML program.

  • BSA/AML officer
  • Policies, procedures, and controls
  • Customer Due Diligence (CDD)
  • Employee training
  • Independent testing

Registration for this event is now closed.

Insights

Deep Dive into Consumer Finance

Podcast: Deep Dive Into Payments: Impacts of Money Transmission Laws

August 25, 2023

Today we're going to be talking about money transmission and how money transmission laws can impact people that are in the payments space and find themselves in the flow of funds or providing any kind of payment services to third parties.

Event

Deep Dive into Payments Clients-Only CLE

October 3, 2023

The final installment in McGlinchey’s Deep Dive Series covering all things payments is a client-only CLE webinar featuring attorneys from McGlinchey’s Financial Institutions Compliance team.

Deep Dive into Consumer Finance

Introduction: A Deep Dive into Payments

July 17, 2023

In this introductory video, Members of our Financial Institutions Compliance Team, Aaron Kouhoupt (Cleveland) and David Tallman (Dallas/Houston), will discuss this fascinating and vibrant subject matter while giving you a breakdown of the content you can expect in the coming weeks.

Alert

Cryptocurrency’s impact on BSA/AML and Sanctions programs

October 11, 2022

The market for digital assets has exploded in recent years. Digital and virtual currency activities provide great opportunities financially and technologically. However, such currencies can be utilized for illicit activity through exchanges, peer-to-peer exchangers, mixers, and darknet markets, which increase the risk of money laundering and terrorist financing. Financial institutions and other industry players haveMore

Alert

CFPB Takes Adverse Action Against Machine Learning

June 3, 2022

The Consumer Financial Protection Bureau (CFPB) has given special consideration to data, algorithms, and machine learning for years. In 2017, as part of a field hearing on alternative data, the CFPB issued a request for information in part to explore “whether reliance on some types of alternative data could result in discrimination, whether inadvertent or otherwise, against certain consumers.”

Deep Dive into Consumer Finance

Podcast: BSA, OFAC, KYC, and CIP – What do they mean to me?

September 15, 2021

The Bank Secrecy Act and parts of the U.S. Patriot Act's OFAC requirements have seemingly similar goals: to prevent money laundering and the funding of terrorist activities. Yet a lively debate surrounds which entities are covered by these acts, what the acts stipulate, and what entities must do to comply with them.

Deep Dive into Consumer Finance

Introduction: A Deep Dive into the Bank Secrecy Act

September 2, 2021

The Bank Secrecy Act (BSA) is the United States' most important anti-money laundering (AML) regulation that requires banks, money services businesses, FinTechs, and other financial institutions to assist U.S. government agencies to detect and prevent money laundering.

Published Article

Do you need to know your customer?

June 18, 2021

Auto dealerships and lenders are likely familiar with “know your customer” requirements, which typically involve obtaining identification information from customers and verifying that information.

Event

Webinar: How Can the FCRA Impact Your Business?

May 20, 2021

The next installment in McGlinchey’s 14-week series covering all things Fair Credit Reporting Act is a webinar featuring attorneys from McGlinchey’s Labor and Employment and Consumer Financial Services Compliance and Litigation teams.

Deep Dive into Consumer Finance

Introduction: A Deep Dive into the Fair Credit Reporting Act

April 21, 2021

The Fair Credit Reporting Act (FCRA) impacts every aspect of a U.S. consumer’s life. Consumer reports are obtained by lenders, employers, landlords, and even utility companies, impacting the cost of credit and everyday services, as well as the ability to obtain employment or access housing.