News and Resources

BuckleySandler FinCrimes Webinar: Navigating a Heightened Examination and Enforcement Environment

  • March 17, 2016
  • 12:00 PM ET - 1:00 PM ET

As federal and state bank regulators continue their comprehensive BSA examinations of regional and super regional banks, a growing number of institutions have found themselves confronted with Orders requiring remediation and/or enhancement of their firm-wide compliance programs. Typically, these Orders require the financial institution to provide an action plan to their regulator within 60 days of the effective date of the Order. At a minimum these Orders require the financial institution to undertake improvements in the following areas:

  • Internal controls to ensure compliance by the bank, including all business lines and subsidiaries, with all applicable BSA/AML requirements
  • Policies and procedures designed to ensure identification and verification of the identity of account holders in accordance with applicable regulations
  • An enhanced independent testing program designed to test for compliance with all applicable BSA/AML requirements
  • Management of the BSA/AML program by a qualified chief compliance officer, with requisite authority, who is responsible for implementing and maintaining a program that is commensurate with the organization's size and risk profile
  • Clear lines of authority, responsibility, reporting, and independence from the business lines for BSA/AML compliance personnel
  • Measures to ensure that BSA/AML compliance functions outsourced by the bank to third parties, including affiliates, are performed to meet regulatory requirements

Please join us as we discuss how to: take proactive steps to avoid such an Order and before an exam, navigate the institutional response to examiners or such Orders including the development of a 60 day action plan, and the operationalization of the plan.

Who Should Attend: This webinar will be of particular interest to in-house legal, compliance, and risk management personnel at banks and other financial services providers.

When: Thursday, March 17, 2016 from 12:00 to 1:00 pm ET

Complimentary Registration: 

https://attendee.gotowebinar.com/register/3178731369697920770

Registration required. Please, no outside law firms, government agency personnel, consulting firms, or media. After registering and being approved, you will receive a confirmation email containing instructions for joining the webinar.

Moderator:
James T. Parkinson focuses on international regulatory compliance counseling, corporate internal investigations, and enforcement defense litigation. He represents clients on a variety of criminal and civil enforcement actions, including Foreign Corrupt Practices Act (FCPA), securities fraud, insider trading, false statements, and environmental matters.

About BuckleySandler's Financial Crimes Practice
With more than 150 lawyers in Washington, DC, New York, Chicago, Los Angeles, and London, BuckleySandler provides best-in-class legal counsel to meet the challenges of the nation's leading financial institutions as well as other corporate and individual clients. BuckleySandler’s FinCrimes Practice supports financial services and other firms in designing, implementing, and testing compliance programs, and – as is increasingly necessary – in defending against enforcement actions and parallel civil litigation. Please visit our practice page and participate in our ongoing webinar series on FinCrimes topics.