AML Compliance Basics for Lawyers

(547 Ratings)

Produced on: November 14, 2017

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 61 minutes
Difficulty Beginner

This course, led by attorney Kathleen Scott, will be an introduction to anti-money laundering (AML) compliance requirements for various financial services businesses. Here, she discusses what practitioners need to know to effectively counsel clients in such matters.

Join Ms. Scott as she provides the basics on anti-money laundering requirements, including the law, regulations, international standards, and guidance on each. She will also address the role of the Financial Crimes Enforcement Network, as well as the roles of other regulators.


Learning Objectives:

  1. Identify the major governing statutes and regulations of AML
  2. Determine which regulations are applicable to which entities
  3. Discuss the role of the Financial Crimes Enforcement Network and other regulators
  4. Establish best practices for effectively counseling client in AML matters



Faculty

Kathleen A. Scott

Norton Rose Fulbright

Kathleen A. Scott is a senior counsel in the New York office representing some of the world's largest international banks and other financial institutions concentrating on a broad range of financial services regulatory, anti-money laundering and privacy matters.

She represents financial institution clients with respect to the bank regulatory aspects of mergers and acquisitions, establishment of new banking organizations and nonbanking affiliates, and other transactions. Kathleen also advises U.S. and non-U.S. banks, bank holding companies and other financial institutions on a broad range of federal and state regulatory issues affecting all their operations and interacts routinely with federal and state banking regulators. She has expertise regarding U.S. federal and state banking laws and regulations regarding banks as well as nonbank financial companies that might require licensing at the state level.

In addition, Kathleen counsels financial institutions facing enforcement or other supervisory actions or investigations by state and federal regulators on their compliance with federal consumer, privacy and anti-money laundering legislation and regulations. More specifically, she handles compliance with the Gramm-Leach-Bliley Act for banks and other financial institutions and related financial privacy and information security matters. She also uses her regulatory expertise to advise financial institutions on a broad range of anti-money laundering compliance and enforcement issues.

She also is a member of the firm's global financial technology practice, advising on the U.S. financial services regulatory aspects of cryptocurrencies, the blockchain and smart contracts

Kathleen began her career as an attorney for the United States Department of Treasury and also served as an assistant counsel for the New York State Banking Department before going into private practice at two other major law firms in New York before joining Norton Rose Fulbright.

Reviews

LG
Lawrence G.

Quite good and practical.

MA
Mattie A.

Excellent

ES
Elizabeth S.

She was a good presenter. Straight forward and easy to follow.

BB
Belinda B.

informative and helpful

SO
Stephen O.

very interesting. speaker was very well organized. excellent pace.

JS
Jennifer S.

This was very helpful. I work for a financial institution and this will help me explain to the business why AML training is so important for our employees.

KD
Katherine D.

Pertinent to my practice.

DD
David D.

Excellent presentation.

ML
Michael L.

excellent presentation.

BL
Beverly L.

Kathleen Scott is well versed on the subject and provided basic information in a manner that kept your attention.

LB
Lewis B.

excellent!

NK
Nicholas K.

Excellent overview of AML...

EF
Elliot F.

Good presentation regarding complex issue.

SS
Sheila S.

The instructor was quite knowledgeable. She packed in a lot of information.

AD
Anna D.

Really enjoyed the faculty; very natural clearly knew what she was talking about. Seemed like she had to speak quickly to fit everything into an hour. May be better as a 90 min course.

JB
Janine B.

This course should be required for all attorneys.

MN
Marshall N.

Thanks.

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