PODCAST

Anti-money laundering (AML) Act of 2020

New provisions alter the landscape

Edwige Sacco

Edwige Sacco

Principal, KPMG US

Michael Wegh

Michael Wegh

Director Advisory, Forensic, KPMG US

+1 212-872-5752

Podcast overview

In the year since the AML Act has passed, guidance has just recently become more concrete with explicit requirements and exceptions. The new guidance impacts nearly all financial institutions and companies doing businesses in the U.S.

Discussion covers:

  • What specific guidance updates mean in practice
  • The importance of integration between cybersecurity and ransomware functions within financial crimes compliance
  • Why the technology and training around the beneficial ownership registry should be prioritized

With the rare exception of 23 exempt entities, these new guidelines will impact the way you do business. Learn what’s driving the FinCEN requirements and the tactical steps that should be taken now to address them.

Presenters

Edwige Sacco

Edwige Sacco

Principal, KPMG US

Michael Wegh

Michael Wegh

Director Advisory, Forensic, KPMG US