MON06 - Lessons Learned from Recent Enforcement Actions and CMPs

Description

• Reviewing regulatory penalties for failure to develop appropriate, risk-based AML programs, systemic gaps such as lax CDD and non-remediation of existing consent orders

• Assessing SEC action involving transparency lapses such as misleading advisory clients on pricing and services and failure to disclose conflicts of interest

• Analyzing OCC actions requiring appointment and maintenance of compliance committees, director training on risk management practices and required look-backs

Moderator(s):

• Bob Molloy, CAMS, Chief BSA/AML Officer, Raymond James Financial

Speaker(s):

• Stephanie Brooker, Partner, Gibson Dunn
• Megan D. Hodge, CAMS, Executive Compliance Director, BSA/AML Officer, Ally Bank
• Elizabeth Davy, Partner, Sullivan & Cromwell
• Dan Stipano, Partner, Buckley LLP