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AML Compliance Basics for Lawyers (Update)

(331 reviews)

Produced on November 05, 2020

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Course Information

Time 1h 7m
Difficulty Intermediate
Topics covered in this course: Banking

Course Description

This course serves as an introduction to anti-money laundering (AML) compliance requirements for financial services businesses. The instructor, Senior Counsel Kathleen Scott of Norton Rose Fulbright, discusses what practitioners need to know to effectively counsel clients in such matters.

Join Ms. Scott as she provides the basics of 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 clients in AML matters

Credit Information

After completing this course, Lawline will report your attendance information to {{ accredMasterState.state.name }}. Please ensure your license number is filled out in your profile to ensure timely reporting. For more information, see our {{ accredMasterState.state.name }} CLE Requirements page . After completing this course, {{ accredMasterState.state.name }} attorneys self-report their attendance and CLE compliance. For more information on how to report your CLE courses, see our {{ accredMasterState.state.name }} CLE Requirements FAQ .


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.


Brian M.

Very useful information, effectively and engagingly presented. I plan to look for other courses by this presenter. Well done!

Gal G.

Great class

Julie W.

The materials and discussion presented were what was represented - basic - and will be helpful for me in having some knowledge of Title 31. The written materials will be very useful.

Hannah A.

This course was excellent. As someone who practices in AML, this was a very thorough run-down of AML requirements by someone who is quite obviously very knowledgeable.

Lina F.

Interesting course

Larry P.

Perhaps more time would have been helpful but very useful!

William H.

Solid presentation. Detailed, informative and concise.

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