We are pleased to offer the latest episode in Ballard Spahr’s Consumer Financial Monitor Podcast series — a weekly podcast focusing on the consumer finance issues that matter most, from new product development and emerging technologies to regulatory compliance and enforcement and the ramifications of private litigation.
In this episode, we discuss the historic changes made by the AML Act at the beginning of 2021, including the Corporate Transparency Act (CTA); the proposed FinCEN rules to implement the CTA’s beneficial ownership reporting requirements; the CTA’s implications for financial institutions’ customer due diligence rule compliance obligations; FinCEN’s list of regulatory and enforcement priorities for AML and countering the financing of terrorism; potential BSA/AML regulation of the real estate industry; and expectations for future BSA/AML regulation and enforcement concerning virtual currency and digital assets. Right now, it is an exciting time to be in the field of BSA/AML compliance.
We hope that you enjoy the podcast, moderated by senior counsel Alan Kaplinsky, and find it useful.
If you would like to remain updated on these issues, please click here to subscribe to Money Laundering Watch. To learn more about Ballard Spahr’s Anti-Money Laundering Team, please click here. To visit Ballard Spahr’s Consumer Financial Monitor blog, please click here.