BSA Reform: Experts Discuss the NDAA and What it Means for Financial Institutions

Featured Speakers :
WHEN : 03/25/2021 1:00 pm ET

Complimentary webinar, presented by Thomson Reuters

Fifty-one years have passed since President Richard Nixon signed the Bank Secrecy Act (BSA) into law. In that time, it’s undergone several amendments. January 1st, 2021 marks the passing of the National Defense Authorization Act (NDAA), a massive defense spending bill that includes the most comprehensive set of BSA reforms since 9/11.

In this webinar, the panelists will discuss the new Biden/Harris administration and the regulatory changes that are expected to follow under the new Secretary of the Treasury, Janet Yellen, such as:

  • Updated disclosure requirements of beneficial ownership information
  • Streamlined reporting around Suspicious Activity Reports (SARS)
  • Encouragement and support for technological advancement in AML and countering the financing of terrorism and proliferation (CFT)