What Companies – And Not Just Financial Institutions – Need to Know about the New Anti-Money Laundering Whistleblower Program
March 14, 2023
Recent expansions to anti-money laundering (AML) whistleblower regulations significantly enhanced anti-retaliation protections for potential whistleblowers. Importantly, the AML whistleblower program now covers any company subject to US economic sanctions laws, in addition to financial institutions with Bank Secrecy Act (BSA) obligations. The AML Act of 2020, passed in January 2021, and the AML Whistleblower Improvement Act, passed in December, broadly reshaped the previously obscure BSA AML whistleblower program. These changes have effectively brought the BSA AML whistleblower program in line with well-established programs administered by the Securities and Exchange Commission and other federal agencies.
How might this newly expanded whistleblower program impact your company and how can you mitigate risk?
Former FinCEN Deputy Director AnnaLou Tirol is joined by Greta Lichtenbaum, chair of O’Melveny’s National Security Group, Amanda Santella, and Natasha Teleanu to discuss the new whistleblower program, the implications for FinCEN and OFAC enforcement, and what risk mitigation strategies might be right for your company.
What Companies – And Not Just Financial Institutions – Need to Know about the New Anti-Money Laundering Whistleblower Program
Tuesday, March 14, 2023
12:00 pm - 1:00 pm PST
2:00 pm - 3:00 pm CST
3:00 pm - 4:00 pm EST
For questions about the event or access to the recording, please contact Simone Wu McGuinness.
This program is eligible for 1.0 hour of General CLE credit in California and Texas and 1.0 hour of Professional Practice CLE credit in New York. O’Melveny & Myers LLP is an accredited provider of CLE in California, New York and Texas. CLE applications will be filed in other jurisdictions upon request. In general, O'Melveny is unable to offer Pennsylvania CLE credit at this time.