AML CLE Presentation: What Financial Institutions Should Know About the New AML Law

Orrick is excited to partner with PwC on an Anti-Money Laundering (AML) CLE presentation on May 6th.

Congress recently enacted the most significant reforms to U.S. anti-money laundering laws in 20 years with passage of the Anti-Money Laundering Act of 2020 (the “Act”). Certain provisions have already taken effect and create risks now for financial institutions covered by the Act, while other provisions will be implemented soon.

The event will be moderated by PwC’s Vas Chrisos. Speakers include Jeff Lavine from PwC and Orrick’s own: Jeanine McGuinness and Matt Moses. They will cover the following:

• The enhanced whistleblower incentive program for AML violations with increased awards and protections;
• The expanded authority of the Department of Justice to subpoena documents from foreign banks;
• The creation of new crimes related to money laundering; and
• The creation of new punishments for AML violations.