On February 7, 2012, the Financial Crimes Enforcement Network, known as FinCEN, issued a Final Rule extending anti-money laundering and suspicious activity reporting requirements to non-bank residential mortgage lenders and originators, including mortgage brokers. Such lenders and originators must immediately develop and implement compliant AML and SAR programs. At this webinar Ballard Spahr attorneys will explain the new requirements and discuss the steps non-bank residential mortgage lenders and originators must take now to comply with the new requirements.  


  • Why the AML and SAR requirements were extended to non-bank residential mortgage lenders and originators
  • Who is subject to the new requirements, including the differences between the definition of “originator” under the requirements and under the SAFE Act and similar laws, and whether the new requirements apply to servicers
  • Application of the new requirements to loss mitigation and foreclosure prevention programs
  • What is required, including the elements of a compliant
  • AML program and the timeframes for compliance
  • The substantial penalties for failure to comply with the requirements


12:00 PM - 1:00 PM ET | Webinar


Alan S. Kaplinsky, Practice Leader, Consumer Financial Services Group
Richard J. Andreano, Jr., Practice Leader, Mortgage Banking Group
John D. Socknat, Practice Leader, Mortgage Banking Group
Beth Moskow-Schnoll, Partner, Consumer Financial Services Group

There is no cost to attend. This program is not eligible for continuing education credits. Please register at least 2 days before the webinar. Login details will be sent to all approved registrants.