Join AABD, BuckleySandler LLP, and invited panelists to discuss the Financial Crimes Enforcement Network (“FinCEN”) Notice of Proposed Rulemaking (“NPRM”) that would amend existing Bank Secrecy Act (“BSA”) regulations to clarify and strengthen customer due diligence (“CDD”) obligations for banks, securities broker-dealers, mutual funds, and futures commission merchants and introducing brokers in commodities.

The long-awaited proposed rule, if adopted, would contain explicit customer due diligence requirements and would include a new regulatory requirement to identify beneficial owners of legal entity customers, subject to certain exemptions. The rule will likely impact the way domestic and global banks do business from the technology systems operational level through to the expectations of the Board of Directors. This rule impacts compliance personnel, senior management, and Boards of Directors as they strengthen a “culture of compliance” within their organizations.


  • Sarah K. Runge, Director, Office of Strategic Policy, Terrorist Financing and Financial Crimes, U.S. Department of the Treasury
  • James Cummans, Vice President of BSA/AML Operations, TCF Bank
  • Jacqueline Seeman, Managing Director, Global Head of KYC, Citigroup, Inc.
  • Amy Davine Kim, Counsel, BuckleySandler LLP

Topics to be discussed include:

  • How the proposed rule, if finalized in its current form, will impact client acceptance (CIP) and ongoing KYC obligations.
  • What is the anticipated impact of the rules from a governance standpoint on the oversight responsibilities of boards of directors and senior management?
  • What should all financial institutions be doing now to prepare for the rules anticipated onset date?
  • What is the anticipated regulatory oversight impact on large /small financial institutions, and domestic/international financial institutions?

Who Should Attend: This webinar will be of particular interest to in-house legal, compliance, and risk management personnel at banks and other financial services providers and members of their Board of Directors and senior management with BSA/AML oversight responsibilities.

When: Thursday, September 18, 2014 from 12:00 to 1:00 pm EST

Complimentary registration:

Registration is required and space is limited. After registering and being approved, you will receive a confirmation email containing instructions for joining the webinar.

Moderator: James T. Parkinson, based in London, focuses on international regulatory compliance counseling, corporate internal investigations, and enforcement defense litigation. He represents clients on a variety of criminal and civil enforcement actions, including Foreign Corrupt Practices Act (FCPA), economic and trade sanctions, securities fraud, insider trading, false statements, and environmental matters.

About BuckleySandler’s Financial Crimes Practice
With more than 150 lawyers in Washington, DC, Los Angeles, New York, Chicago, and London, BuckleySandler provides best-in-class legal counsel to meet the challenges of the nation’s leading financial institutions as well as other corporate and individual clients. BuckleySandler’s FinCrimes Practice supports financial services and other firms in designing, implementing, and testing compliance programs, and – as is increasingly necessary – in defending against enforcement actions and parallel civil litigation. Please visit our practice page and participate in our ongoing webinar series on FinCrimes topics.

About the American Association of Bank Directors
Founded in 1989, the non-profit American Association of Bank Directors is the only trade group in the United States solely devoted to bank directors and their information, education, and advocacy needs. AABD recently established the Bank Director Liability Resource Center, which acts as a clearinghouse for developments in bank director liability, including lawsuits by FDIC against directors of failed banks and savings institutions. The Institute for Bank Director Education, established in 1993 as the educational arm of AABD, acts as a clearinghouse for education programs designed for bank and savings institution directors that support the nationally recognized Director Certification Program.