Event Details
Over the past 54 years, the Bank Secrecy Act (BSA) has undergone numerous amendments, including significant acts such as the Patriot Act and the Enablers Act, among others.
Each amendment has substantially broadened the scope of surveillance and enforcement.
Originally conceived as a tool for preventing, detecting, and prosecuting money laundering (ML) and terrorist financing (TF) offences, the BSA has faced scrutiny from both privacy advocates and compliance experts.
โDoes the modern BSA effectively fulfill its initial purpose of aiding law enforcement in ML/TF prosecutions?
โHow does the BSA stack up against global regulatory standards and the evolving landscape of sophisticated financial technologies?
Join us for this riveting conversation where we'll explore these questions and more in our TCAE Knowledge Series, delving into the history and relevance of BSA in a complex world.
In this engaging webinar, our guest speaker Justin Muscolino will walk us through the evolution of the BSA and its pivotal role in combating financial crime in today's sophisticated landscape, by discussing:
๐ฆ The BSA application in DeFi
๐ต๏ธโโ๏ธ BSA Reporting on Crypto Crime
๐ฐ Cost Burden vs. Benefits of BSA
โ๐ฝ BSA Stacked against Global Regulations
๐ฅ BSA Violations and Penalties
๐ FinCEN's SAR Filing Trend Data vs. Prosecution Rate vs. FinCrime Trends
๐งโ๐ผ Frameworks, Standards, Regulations, and Forward-thinking Regulators
โ๏ธJinisha Bhatt will moderate this session. Feel free to send your questions to Jinisha at info@tcae.ca
Do not miss the opportunity to connect and network ๐ค with other professionals worldwide!
๐ Saturday, April 27th 2024
โฐ Session: 10am - 11:00 am ET
โฐ Virtual Networking: 11:00 - 11:30 am ET
See you on the 27th!
