PLI Anti-Money Laundering Conference
The PLI Anti-Money Laundering Conference—held virtually this year—will tackle critical issues in Anti-Money Laundering (AML)/Counter-Financing of Terrorism (CFT) compliance and money laundering enforcement. These issues are increasingly important across industries and across the world, as regulators and prosecutors continue to apply pressure.
The conference is the premier program in this field, and Ballard Spahr continues to lead. Peter Hardy, Leader of our AML Team, will chair the event and will moderate the panels.
We are pleased to present these panels:
Art and Antiquities: An “Ideal Playing Ground” for Money Laundering?
The potential role of high-end art and antiquities in money laundering schemes has attracted increasing attention over the last several years. A tightening global enforcement and regulatory net has rendered other possible avenues for money laundering increasingly less attractive, and some have criticized the art world as lacking transparency. The panel will discuss:
- Money laundering and terrorist finance risks in the art and antiquities markets
- New anti-money laundering and counter terrorist finance regulations for dealers in dealers in art and antiquities
- Due diligence, provenance, and art world secrecy – practical and ethical issues
Legislative and Regulatory Update: The Future of BSA/AML
Congress and regulators recently have produced a flurry of sweeping and historic legislative and regulatory changes to the BSA/AML regulatory regime. The panel will discuss:
- The Anti-Money Laundering Act of 2020 – the first major revision to AML/CFT laws since the PATRIOT Act - enacted to modernize AML/CFT laws and regulations to adapt to new and emerging threats
- The Corporate Transparency Act, establishing a secure FinCEN database for beneficial ownership disclosure by companies, and addressing who can obtain access and how
- Continued focus on technological innovation
Foreign Corruption and Domestic Money Laundering: Traps for Professionals
The Department of Justice continues to bring major indictments alleging corruption schemes committed abroad – but the proceeds are laundered through the U.S. using bank accounts and high-end purchases. Such schemes can present traps for professionals involved in moving the money – from investigations to forfeiture to criminal prosecution. The panel will discuss:
- How the DOJ has used the federal money laundering statutes to charge corruption schemes committed entirely abroad – and how those schemes are tied to the U.S.
- Witting or unwitting participants? Government efforts to recover proceeds of foreign corruption bring attention to the role of lawyers, accountants, bankers, real estate agents and other professionals.
We hope that you can join us for this informative and valuable program. To register and view a complete description of PLI’s AML program, click here.
To remain updated on these issues, click here to subscribe to Ballard Spahr’s Money Laundering Watch blog. To learn more about Ballard Spahr’s AML Team, please click here.