Events

ZEK Sponsors One Hour CLE RE: Anti-Money Laundering Act of 2020 New York, NY - Thursday, November 18, 2021

This course will describe the Anti-Money Laundering Act of 2020, which was signed into law by President Trump in January 2021, and other current developments in the law of Anti-Money Laundering and Countering the Financing of Terror.

The AMLA 2020 required the U.S. Treasury Department’s Financial Crimes Enforcement Network to issue many new regulations and conduct studies that impact the financial services practitioner. This course, “Updating the AML Landscape,” will discuss some of the most pertinent new and expected regulations, including the requirement for companies, under the Corporate Transparency Act, to disclose their beneficial owners and how that requirement will impact financial institutions’ compliance with their Know Your Customer obligations.

The course will also address recent legal developments in economic sanctions, including guidance on ransomware, the legal risks of paying ransom to cyberterrorists who are holding a company’s computer system hostage, as well as anticipated legal risks in the AML/CFT landscape going forward.

ZEK has secured MCLE approval (or approval is pending) for this program from appropriate authorities in California, Florida, Georgia, Illinois, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island and Texas. For more information, please contact JaneAnn Tobin at jtobin@zeklaw.com.