ADVANCED

Webinar: The Impact of FinCEN’s Proposed Rule on SEC Registered Investment Advisers

Cordium held a webinar on March 16, 2016 that discussed the impact of FinCEN’s proposed rule on SEC registered investment advisers.

In late August of this year, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S. Department of the Treasury, issued a proposed rule requiring investment advisers who are or should be registered with the U.S. Securities and Exchange Commission to comply with certain rule requirements including the establishment of Anti-Money Laundering (“AML”) programs and reporting of suspicious activity pursuant to the Bank Secrecy Act (BSA).

With the adoption of this rule anticipated to be as early as Summer of 2016, it would be prudent for investment advisers to plan for how they will go about implementing or updating their existing anti-money laundering programs to comply with the rule requirements, prior to the proposed rule’s effective date.

This webinar provided a general overview of FinCEN’s Proposed New Rule and the impact on SEC Registered Investment Advisors.

Topics for discussion included:

  • Overview of FinCEN’s Proposed Rule
  • The Elements of an AML Program
  • Suspicious Activity Monitoring & Reporting
  • Currency Transaction Reporting, Recordkeeping & Travel Rules
  • Case Studies & Audit Findings
  • Potential Future Requirements: Customer Identification Program

The presentation was followed by a live question and answer session.

Presented by:
Pat small
Patrick Shea
Partner and Managing Director, Cordium

Zabrina-small
Zabrina Barile
Partner and Vice President, Cordium

Wendy-small
Wendy Toribio-Torres
Assistant Vice President, Cordium

Click here to download the presentation.